Bitcoin briefly rallied from $108,000 to $113,500 on the 4-hour chart but gave it back with an intraday whipsaw, underscoring fragile liquidity.
Spot ETF demand reappeared with BTC ETFs adding $477 million and ETH ETFs adding $142 million (Oct. 21), yet flows are meeting sustained LTH distribution.
Long-term holder supply has declined by ~28,000 BTC since October 15; 30-day SMA of LTH outflows rose to ~22.5k BTC/day, as continued distribution remains a supply headwind.
Expect range trading with elevated volatility; favor low leverage and staggered entries into support bands.
Bitcoin’s bounce above $64K triggered massive short liquidations and revived ETF inflows, but lingering outflows and weak technicals leave the recovery on uncertain footing.
Luxembourg's regulator grants final CASP authorization, enabling Ripple to provide regulated services across 30 European Economic Area countries following months of regulatory navigation.
MiCA's full enforcement on July 1 reshuffled stablecoin routing. Robinhood's Arbitrum bet is the clearest signal yet that enterprise procurement—not retail volume—is now what determines which L2s capture institutional flows.
