Key takeaways
- BTC steadied around $87,500 after BTC ETFs posted inflows of $129 million with flows becoming supportive but not yet decisive.
- ETH and SOL also posted inflows of $79 million and $58 million each, signalling selective rotation into liquid altcoins rather than broad risk-on.
- On-chain stress remains elevated with roughly one third of BTC supply still underwater, but long-term holders and institutions continue selective accumulation.
- Macro prints are mixed; PPI met expectations, leaving the Fed path ambiguous and keeping two-way volatility intact.
- Range to watch: $84,000–$90,000 for accumulation; reclaim above $92,000 would confirm tactical recovery.
