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.
Jerome Powell’s final, hawkish-leaning Fed presser—delivered against a backdrop of war-driven energy shocks and rare internal dissent—knocked Bitcoin off balance, extending its slide as rate-cut hopes fade and downside risks build.
MAS launched a landmark consultation on how Singapore banks must treat cryptoassets on public blockchains, proposing lower capital requirements for stablecoins and tokenised assets that meet risk standards.
Solana's 2026 rally has been driven by memecoin speculation and DeFi growth rather than the institutional ETF narrative powering BTC and ETH. With long-term holders distributing and regulators circling, SOL faces structural headwinds that the bullish case can't yet answer.
