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.
The Solana-based yield protocol has $500 million in liquidity and a delta-neutral strategy with four and a half years of trading history – but its CEO's bigger argument is about what most DeFi investors still fail to check before they deposit.
With $7 billion in stablecoin settlement already flowing through its network and new tools for AI agent authentication, Visa is positioning itself as the trust layer for an increasingly autonomous commerce landscape — without requiring banks or merchants to replace their existing systems.
The funding round — at a $2 billion valuation — is one of the largest institutional blockchain bets in years, and the participant list reads like a consensus view that Canton has won the privacy-preserving infrastructure race for regulated markets.
