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.
Three data points from the same week – SpaceX's IPO filing, Harvard's ETH exit, and the unravelling of Bankless – sketch out an institutional verdict the market is already pricing in.
MoonPay Trade, built on the Decent.xyz acquisition, offers a single API for 200+ blockchains and puts former acting CFTC Chair Caroline Pham at the helm of the institutional business.
The company, last valued at $7 billion in a 2023 funding round, has processed more than $1.1 trillion in crypto transactions and claims to have been profitable on an adjusted basis for three consecutive years.
The approval, granted to Kraken parent Payward, will let UAE clients trade via a locally regulated entity with dirham funding – once the preliminary licence converts to a full one.
