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.
While the Clarity Act sits stalled until September, the SEC is moving on two fronts at once — a tailored offering regime for token sales and an innovation exemption for 24/7 trading of tokenized stocks
The city-state's new CARF regulations force crypto platforms with a Singapore nexus to collect tax residency data and hand it to IRAS — who'll share it with overseas authorities starting 2027.
The company's Q2 filing confirms what the CRO treasury cancellation signaled last week — the digital asset treasury strategy that once defined Trump Media's pivot is now the thing dragging on its balance sheet
