Bitcoin is barely holding $110,000 support after falling to about $111,000, down 11.8% from last week’s all-time high.
Short-dated options show heavy put buying. Bulk puts exceeded $1.15 billion and omprised 28% of trade flow while call interest remains concentrated at $115k–$130k.
Whales trimmed exposure (10–10k BTC cohort sold 17,554 BTC), though that cohort has still added 318,610 BTC year-to-date; distribution is selective, not panic.
Ethereum slipped under $4,000 and SOL and BNB both retreated; total crypto market cap fell to about $3.77 trillion and the Fear & Greed index sits at 32.
Macro flashpoints: tariff threats and an ongoing U.S. government shutdown are amplifying headline sensitivity and forcing short-term de-risking.
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.
