Bitcoin extended a gentle recovery to $88,200 as markets probe early signs of stabilisation with total crypto market capitalization rising to $3.03 trillion.
Ethereum and Solana ETFs posted strong inflows of $97 million and $58 million each, while Bitcoin ETFs continue to bleed with $151 million outflow.
Derivatives data shows position unwinds, not aggressive shorting, which marks a constructive shift.
Onchain stress remains high, but momentum, flows, and structural metrics hint at bottom formation.
Market sits inside the $84,000–$90,000 accumulation range with volatility risk elevated.
The uptake follows a launch pitched to Bitget's 125 million users as institutional-grade yield without leaving the exchange, where USDC depositors can earn up to 18% APY and BTC holders around 3%.
Tokyo and Washington's first joint currency intervention in 15 years is designed to do the one thing that would remove the entire premise behind Metaplanet's bitcoin treasury.
Spot HYPE funds led every non-bitcoin crypto ETF category by inflows relative to assets in May and June. JPMorgan says that lead disappeared in July and hasn't come back
