Key Takeaways
- Bitcoin opened the week weaker, sliding to $108,000 after weekend range-trading and ETF outflows; short-term support sits around the $107k cost-basis band.
- Spot Bitcoin ETFs recorded net weekly outflows near $799 million last week; Ethereum ETFs were roughly flat for the week. Solana’s debut ETFs drew $199 million and remain a tactical destination for flows.
- Large-holder balance remains concentrated: wallets holding 10–10k BTC control 13.68 million BTC (≈68.62% supply); these cohorts added ~110,010 BTC in October and sold ~23,200 BTC since.
- Onchain and derivatives signals are mixed: realized profitability compressed, funding muted, and options skew modestly put-biased; participation has cooled and leverage is lower.
- Action bias: maintain defensive sizing, prefer staggered entries into dips; watch whether spot ETF flows reaccelerate and whether BTC can reclaim and hold above $110k on sustained volume.
