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.
Japan’s $97 billion yen intervention has slowed the currency’s slide, but done little to change its trajectory. If the BOJ is forced to hike rates, the resulting carry-trade unwind could hit Bitcoin and global liquidity hard.
A deal would route a subset of Hyperliquid's perpetual futures through Payward's CFTC-regulated Bitnomial exchange, giving the decentralized platform a compliant path into the US market it has never been able to serve directly.
LSEG plans to bring the 100 largest London-listed companies onchain as Payward's xStocks and is separately assessing a UK tokenised equity structure of its own, with trading targeted for 2027 pending regulatory approval.
MAS opened a consultation on the legislative amendments needed to bring its 2023 stablecoin framework into force, formalizing a protected "MAS-regulated stablecoin" label as regulated tokens are already being piloted in payment and settlement projects across the city-state.
