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.
MiCA's full enforcement on July 1 reshuffled stablecoin routing. Robinhood's Arbitrum bet is the clearest signal yet that enterprise procurement—not retail volume—is now what determines which L2s capture institutional flows.
The move lands months after Indonesia shifted crypto oversight from its commodities regulator to the OJK, tightening the compliance bar for new entrants.
Expansion of the Stock+ platform gives global users direct access to listed options on US equities, adding long call and long put strategies alongside existing crypto and CFD markets
