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.
Professional traders now dominate Polymarket volume, and in a zero-sum market that leaves less and less on the table for the retail bettors who made prediction markets popular.
OpenAI may have solved Navier-Stokes as written, but exploiting a flaw is not the same as gaining insight. Web3 makes the same mistake when it passes off regulatory workarounds as innovation.
Tokenized dollar liquidity funds have grown roughly tenfold in two years, but Fidelity's digital assets lead says secondary markets, collateral rules and human fallbacks are now the harder problems.
Stablecoin issuers froze more than $2.5 billion within hours, but estimates of what was taken range from about $3.3 billion to nearly $6 billion, and Binance has yet to give its own figure.
