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.
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
