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The Wire — B.R.O.

Crypto Holds Steady Amid Easing Global Risk, Policy Tailwinds

Your daily access to the backroom.

,   and  Blockhead
4 min read

Key Takeaways

  • BTC held $105,500, consolidating near critical inflection after rebounding from $100K.
  • ETH stayed steady at $3,500, while SOL and BNB dipped 1–2%, showing selective rotation into majors.
  • Spot volumes up 22.6% to $14.1 billion, signaling improving market participation and liquidity. Futures open interest fell 2.6%, confirming ongoing deleveraging and cleaner positioning.
  • ETF demand remains mixed, but spot accumulation is picking up, led by Strive’s $162 million BTC purchase, Strategy’s $50 million BTC addition, and Bitmine’s 34% increase in ETH holdings.
  • Macro backdrop stabilizes: U.S. government reopens, tariff deals progress, and Treasury offers clarity on crypto staking regulation.
  • Momentum building, but upside capped near $108.5K–$111K unless inflows accelerate.

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