The crypto washout extended to ETFs on Monday, with Bitcoin ETFs seeing a $363 million outflow while Ethereum ETFs saw an exit of $76 million.
On the intraday price action, Bitcoin tested a 13-day low of $112.2k with short-term holder cost basis now at $111.4k.
Exchange BTC balances down ~31,265 BTC over four weeks; wallets holding 10–10k BTC have added 56,372 BTC since Aug. 27. This shows that whales continue to accumulate the dip.
If $112k holds over the next day, buying in tranches to lower cost basis remains a constructive path; sustained trade below $111.4k risks a structural shift.
Jerome Powell’s final, hawkish-leaning Fed presser—delivered against a backdrop of war-driven energy shocks and rare internal dissent—knocked Bitcoin off balance, extending its slide as rate-cut hopes fade and downside risks build.
MAS launched a landmark consultation on how Singapore banks must treat cryptoassets on public blockchains, proposing lower capital requirements for stablecoins and tokenised assets that meet risk standards.
Solana's 2026 rally has been driven by memecoin speculation and DeFi growth rather than the institutional ETF narrative powering BTC and ETH. With long-term holders distributing and regulators circling, SOL faces structural headwinds that the bullish case can't yet answer.
