Key takeaways
- BTC rebounded to $92,600 (+2.7%) after heavy selling, but remains below key structural thresholds.
- ETF flows split: Bitcoin saw inflows of $75 million, but Ether saw outflows of $37 million to extend the outflow streak to seven days. Solana continued to stand out with inflows of $55 million.
- Fed minutes emphasize “confirmation before cuts”, as Nvidia’s strong results inject short-term risk appetite.
- Onchain shows deep stress: BTC sits below 0.75 cost-basis quantile; reclaiming it is essential to avoid a deeper bear trend.
- Retail continues to panic sell while whales accumulate, a classical reversal signal, but not confirmed yet.
