Momentum continues to fade as BTC remains rangebound between $109,500 and $107,200, settling near $108,750.
Spot flows cooled: Yesterday, Bitcoin ETFs saw $101 million outflow; Ethereum ETFs saw $19 million in outflows, with institutional demand wavering over the past few days.
Long-term holder selling remains elevated (30-day SMA > 22,000 BTC/day) with persistent distribution now acting as a structural headwind.
Options Open Interest (OI) rose to an all-time high while put demand also rose. This signals short-term options that could amplify intraday moves.
Critical bands: short-term holders’ cost basis $113.1k, 0.85 quantile $108.6k, 0.75 quantile ~$97.5k. Losing the 0.85 band risks deeper drawdowns.
A misleading 800,000 BTC wallet shuffle is distorting on-chain signals just as Bitcoin struggles below $80,000, leaving traders to parse real demand from accounting noise.
The Georgian government and National Bank are working with Tether to issue a sovereign lari-pegged stablecoin – the first of its kind for any country in the region.
Allman founded Ondo in 2021 and grew it into one of the largest tokenised real-world asset platforms; the company says his successor has been running day-to-day operations for over two years.
Indonesia's Ministry of Communication and Digital Affairs classified Polymarket as illegal online gambling after a wager on President Prabowo's political survival drew $46,000 in volume and official scrutiny.
