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.
Bhutan has hired 3iQ to earn yield on part of its Bitcoin and given Gelephu a central bank that can hold crypto, while disclosing less and less about the coins themselves.
A royal decree turns the Gelephu Financial Services Office into the Gelephu Central Bank, with monetary policy, reserve and payments powers and a path to a city currency. The timetable and its relationship with Bhutan's national central bank are unclear
Withdrawals reopened Sunday with a $3.6 billion net outflow and a proof-of-reserves snapshot is out, but Binance has not published its technical post-mortem or said how attackers got in beyond a compromised laptop
The bank says Hong Kong is the first market in its group to get the product for corporate clients, which settles between banks in central bank money around the clock. Blockhead reported a Singapore launch with Ant International in December
