BTC structure: BTC’s price continues to consolidate between $107.3K - $110.6K with firm resistance at $111K, while support lies at $107.4K. Daily timeframe confirms current lower highs/lows, pointing to a short-term bearish trend, with risk toward $104K on breakdown.
Whale Flows: Whale flows highlight rotation with one whale selling 2K BTC (~$215 million) and buying 49K ETH, while another shifted $1.1 billion worth of BTC and accumulated $2.5 billion worth of ETH.
Derivatives Stress: RSI fell to 33.6 (oversold), while 25-day skew spiked to 10.2%, signaling defensive hedging. Futures OI softened to $45.0 billion, while spot CVD improved modestly, showing waning sell pressure.
New token debut: WLFI launched near $0.30 (~$30B FDV), with Justin Sun holding ~$891 million and vowing no sales. Disruptive potential for near-term altcoin flows.
The GMC framework bundles licensing and banking into a single application — and hands firms already regulated in Singapore, Hong Kong or Abu Dhabi a shorter path in.
The Nasdaq-listed Solana treasury company repurchased $4.4 million of its convertibles at a 41% discount to par and reaffirmed its June guidance of 0.075 SOL per share, pointing to validator operations and onchain yield as what separates its model from a pure accumulation play.
The Tokyo-listed Bitcoin treasury company added 5,075 BTC in the quarter to reach 40,177, but mark-to-market accounting turned a strong operating performance into a headline loss, and Japan's preferred share market has proved harder to crack than expected.
