BTC continued to trade between the $100,000–$105,000 range, opening the day at the lower band of $101,900.
Renewed ETF outflows saw Bitcoin lose –$278 million, while Ethereum lost –$184 million. Solana continues to outperform with an addition of +$18.06 million.
Futures positioning: open interest slipped by –3.58% to $66.14 billion with liquidations worth $186.47 million, majority of them, long liquidations.
Whales accumulation continues with over 45,000 BTC added this week, the second-largest accumulation of 2025.
Macro tailwinds: U.S. government officially reopens after House passes spending bill with China–U.S. trade tone continuing to soften; aiding global liquidity.
The private placement builds on HSBC and Marketnode's earlier work under Singapore's Project Guardian, landing in a structured products market that generates a fifth or more of revenue at many Asian wealth platforms.
The Singapore state investment fund cites regulatory uncertainty and its $275 million FTX loss as reasons to steer clear of digital assets, even as it continues blockchain exploration.
The bank-owned messaging network is deploying its shared ledger for 24/7 cross-border tokenized deposit transfers, working alongside existing rails rather than replacing them.
