BTC $77,408
1H▲ 4H▼ 1D▲ 1W▼
Yesterday the bullish scenario failed: price pulled back from $78,180 and is now trading below PDH, unable to hold above it. The key event was a long liquidation cascade of ~$72M with OI dropping 1.4%. Longs got wiped out, but L/S is still 1.25 - positioning has not reset.
Calls on Deribit continue to dominate (put/call 0.68 since evening), the options market has not removed its upside bet. Meanwhile, futures volume is 10.7x spot - moves are derivatives-driven, with no real demand underneath. If longs are accumulating again after the liquidations, the next cascade could be more severe.
📍 Key levels:
$78,180 - resistance, PDH = Weekly High. A close above changes the picture
$76,985 - support, Monthly Open. Loss of this level opens the path to $76,107
$76,107 - support, Weekly Low. A break puts the next area of interest at $74,500
Scenario: ⬇️ bearish - longs did not exit after liquidations, pressure remains; expecting a break of $76,985
Invalidation: close above $78,180 with rising OI
Not investment advice.
#morning
1H▲ 4H▼ 1D▲ 1W▼
Yesterday the bullish scenario failed: price pulled back from $78,180 and is now trading below PDH, unable to hold above it. The key event was a long liquidation cascade of ~$72M with OI dropping 1.4%. Longs got wiped out, but L/S is still 1.25 - positioning has not reset.
Calls on Deribit continue to dominate (put/call 0.68 since evening), the options market has not removed its upside bet. Meanwhile, futures volume is 10.7x spot - moves are derivatives-driven, with no real demand underneath. If longs are accumulating again after the liquidations, the next cascade could be more severe.
📍 Key levels:
$78,180 - resistance, PDH = Weekly High. A close above changes the picture
$76,985 - support, Monthly Open. Loss of this level opens the path to $76,107
$76,107 - support, Weekly Low. A break puts the next area of interest at $74,500
Scenario: ⬇️ bearish - longs did not exit after liquidations, pressure remains; expecting a break of $76,985
Invalidation: close above $78,180 with rising OI
Not investment advice.
#morning
Digest
📈 Bullish factors
- SpaceX disclosed 18,712 BTC ($1.29B) in its Nasdaq IPO filing: corporate demand for BTC received public confirmation from a company valued at $1.75T
- XRP ETF records inflows amid rising wallet count, while BTC and ETH funds are losing capital
📉 Bearish factors
- Coinbase premium dropped to a monthly low - institutions are exiting, not entering
- BTC at $77,700: the liquidation wave has already passed, analysts are now watching the $75,000 hold
👥 Traders yesterday
- BTC $77,716, ETH $2,134, SOL $86, XRP $1.37; market cap $2.56T, BTC dominance 60.73%, Fear & Greed Index 29
- Glassnode: BTC broke below the "true market mean price" of $78,300, next support zone $71,400-76,500
- HYPE hit an all-time high above $61, up 50% over 7 days - best performer in the top 100 over the past 24 hours
#digest
📈 Bullish factors
- SpaceX disclosed 18,712 BTC ($1.29B) in its Nasdaq IPO filing: corporate demand for BTC received public confirmation from a company valued at $1.75T
- XRP ETF records inflows amid rising wallet count, while BTC and ETH funds are losing capital
📉 Bearish factors
- Coinbase premium dropped to a monthly low - institutions are exiting, not entering
- BTC at $77,700: the liquidation wave has already passed, analysts are now watching the $75,000 hold
👥 Traders yesterday
- BTC $77,716, ETH $2,134, SOL $86, XRP $1.37; market cap $2.56T, BTC dominance 60.73%, Fear & Greed Index 29
- Glassnode: BTC broke below the "true market mean price" of $78,300, next support zone $71,400-76,500
- HYPE hit an all-time high above $61, up 50% over 7 days - best performer in the top 100 over the past 24 hours
#digest
Evening. BTC $76,985
What changed since morning:
- Bearish thesis confirmed: BTC broke below $76,985 and did not recover - currently $76,985 vs $77,408 at morning open
- Timeframe structure deteriorated to 3 bearish out of 4 - pressure built throughout the day
- Breakdown level held: longs never materialized, as the morning scenario anticipated
Session dynamics:
Asia closed at $77,408 with a slight downward bias - set the tone for the day. London extended the move lower, range 1.3%, closing at $76,791. NY continued the decline: first hour delivered a break of the range low with sustained hold below - session remains in bearish mode.
Onchain/derivatives:
Coinbase trading at a discount to Asian exchanges - Western demand again failing to support levels. OI increased against falling price: new positions opening on the way down, no funding overheating on Hyperliquid. Deribit put/call 0.70 - calls dominant, options market maintaining upside bias with price at weekly lows. This divergence between options positioning and price action stays on my radar for tomorrow.
Friday closed under seller pressure across all three sessions - price ends the week below opening levels.
Not investment advice.
#evening
What changed since morning:
- Bearish thesis confirmed: BTC broke below $76,985 and did not recover - currently $76,985 vs $77,408 at morning open
- Timeframe structure deteriorated to 3 bearish out of 4 - pressure built throughout the day
- Breakdown level held: longs never materialized, as the morning scenario anticipated
Session dynamics:
Asia closed at $77,408 with a slight downward bias - set the tone for the day. London extended the move lower, range 1.3%, closing at $76,791. NY continued the decline: first hour delivered a break of the range low with sustained hold below - session remains in bearish mode.
Onchain/derivatives:
Coinbase trading at a discount to Asian exchanges - Western demand again failing to support levels. OI increased against falling price: new positions opening on the way down, no funding overheating on Hyperliquid. Deribit put/call 0.70 - calls dominant, options market maintaining upside bias with price at weekly lows. This divergence between options positioning and price action stays on my radar for tomorrow.
Friday closed under seller pressure across all three sessions - price ends the week below opening levels.
Not investment advice.
#evening
BTC $75,389
1H▼ 4H▼ 1D▼ 1W▼
Price broke PDL $75,322 and is trading right at it - all four timeframes are bearish, the market continues to slide from the Weekly High $78,180 for the third session in a row.
L/S rose to 1.56 - longs accumulated again after mid-week liquidations. The options market held an upside bias in the evening; price responded with -2.7%. Futures volume is x10.3 vs spot: there is no real buyer behind these longs.
📍 Key levels for the day:
$77,863 - resistance, PDH. A return here will require volume that is not present yet
$75,322 - support, PDL = Weekly Low. A confirmed breakdown opens an empty zone down to $74,000
$77,380 - resistance, Monthly Open. Target for a recovery move
Scenario: ⬇️ Bearish - L/S at 1.56 with no spot demand creates conditions for the next liquidation cascade; trigger - a confirmed close below $75,322
Invalidation: reclaim of $75,322 with increasing spot volume
Not investment advice.
#morning
1H▼ 4H▼ 1D▼ 1W▼
Price broke PDL $75,322 and is trading right at it - all four timeframes are bearish, the market continues to slide from the Weekly High $78,180 for the third session in a row.
L/S rose to 1.56 - longs accumulated again after mid-week liquidations. The options market held an upside bias in the evening; price responded with -2.7%. Futures volume is x10.3 vs spot: there is no real buyer behind these longs.
📍 Key levels for the day:
$77,863 - resistance, PDH. A return here will require volume that is not present yet
$75,322 - support, PDL = Weekly Low. A confirmed breakdown opens an empty zone down to $74,000
$77,380 - resistance, Monthly Open. Target for a recovery move
Scenario: ⬇️ Bearish - L/S at 1.56 with no spot demand creates conditions for the next liquidation cascade; trigger - a confirmed close below $75,322
Invalidation: reclaim of $75,322 with increasing spot volume
Not investment advice.
#morning
Digest
📈 Bullish factors
- SEC approved the listing of Bitcoin index options on Nasdaq - regulated instruments are expanding, making it easier for institutional players to work with BTC
- $1.26B outflow from Bitcoin ETFs per Santiment data forms a contrarian signal - historically such extremes have coincided with local reversals
📉 Bearish factors
- Trump Media sold 2,650 BTC at $77,200 on Crypto.com on May 21; combined losses from two transactions are estimated at $455M
- Saylor admitted Strategy could sell BTC in 2026 - a direct blow to the perpetual accumulation narrative
👥 Traders yesterday
- Polymarket: a hacker withdrew over $520,000 from the UMA CTF Adapter contract on Polygon; the team confirmed a wallet key compromise
- WSJ: Iran-linked entities used Binance to circumvent sanctions and finance the IRGC - Binance rejected the allegations
- Glassnode: 6.04M BTC (30.2% of supply) worth $467B are at risk of potential quantum attacks
#digest
📈 Bullish factors
- SEC approved the listing of Bitcoin index options on Nasdaq - regulated instruments are expanding, making it easier for institutional players to work with BTC
- $1.26B outflow from Bitcoin ETFs per Santiment data forms a contrarian signal - historically such extremes have coincided with local reversals
📉 Bearish factors
- Trump Media sold 2,650 BTC at $77,200 on Crypto.com on May 21; combined losses from two transactions are estimated at $455M
- Saylor admitted Strategy could sell BTC in 2026 - a direct blow to the perpetual accumulation narrative
👥 Traders yesterday
- Polymarket: a hacker withdrew over $520,000 from the UMA CTF Adapter contract on Polygon; the team confirmed a wallet key compromise
- WSJ: Iran-linked entities used Binance to circumvent sanctions and finance the IRGC - Binance rejected the allegations
- Glassnode: 6.04M BTC (30.2% of supply) worth $467B are at risk of potential quantum attacks
#digest
❤1
Evening. BTC $75,600
What changed since morning:
- L/S 1.56 failed to hold as support: cascading long liquidations of $109M hit during the Asian session
- Current $75,600 is above morning's $75,389, but this is a bounce within a down day, not a reversal
Session dynamics:
Asia set the tone: bias -1.49%, close at $74,609 - the main flush happened overnight. London stabilized, range 1.91%, close at $75,520 - effectively flat. NY broke the first-hour high and held above it, close at $75,620 - local dip-buy following the overnight decline.
Onchain/derivatives:
Funding on Hyperliquid turned negative - shorts are paying, no overheating on either side. OI declined alongside liquidations: positions were flushed out, not accumulated. Coinbase is again trading at a discount to Asian exchanges - Western demand is not picking up. Deribit put/call 0.70 holds for the second day: calls dominate while price sits below the weekly open levels - the options market maintains an upside bias despite price action, keeping this on my radar.
Saturday played out under Asian session pressure - NY partially bought the dip, price closes the day near daily highs, structure remains bearish.
Not investment advice.
#evening
What changed since morning:
- L/S 1.56 failed to hold as support: cascading long liquidations of $109M hit during the Asian session
- Current $75,600 is above morning's $75,389, but this is a bounce within a down day, not a reversal
Session dynamics:
Asia set the tone: bias -1.49%, close at $74,609 - the main flush happened overnight. London stabilized, range 1.91%, close at $75,520 - effectively flat. NY broke the first-hour high and held above it, close at $75,620 - local dip-buy following the overnight decline.
Onchain/derivatives:
Funding on Hyperliquid turned negative - shorts are paying, no overheating on either side. OI declined alongside liquidations: positions were flushed out, not accumulated. Coinbase is again trading at a discount to Asian exchanges - Western demand is not picking up. Deribit put/call 0.70 holds for the second day: calls dominate while price sits below the weekly open levels - the options market maintains an upside bias despite price action, keeping this on my radar.
Saturday played out under Asian session pressure - NY partially bought the dip, price closes the day near daily highs, structure remains bearish.
Not investment advice.
#evening
❤1
BTC $76,764
1H▲ 4H▼ 1D▲ 1W▼
Yesterday's cascade reached $74,204 - PDL played out as the target. BTC has now recovered to $76,771, and this is a different picture: the longs that were flushed out on the way down are no longer pressuring the market.
OI dropped 1.2% alongside price - positions were being force-closed, not opened. L/S 1.20: the long skew remains, but moderate. Funding +0.009% - neutral, no overheating. Spot/futures x10.5: no real buyer behind the bounce yet, the move is speculative.
The options market yesterday maintained a bet on upside via calls - price first responded by dropping to $74K, then reversed. Put/call 0.70 at the current price looks like being right with a delay.
📍 Key levels for the day:
$77,427 - resistance, PDH. A breakout with volume opens Monthly Open $77,592
$74,204 - support, PDL = Weekly Low. A return here breaks the bounce
Scenario: ⬆️ Bullish - consolidation above $77,427 with increasing volume opens the path to $78,180
Invalidation: loss of $76,503 without a buyback - the bounce turns into a retest of the lows
Not investment advice.
#morning
1H▲ 4H▼ 1D▲ 1W▼
Yesterday's cascade reached $74,204 - PDL played out as the target. BTC has now recovered to $76,771, and this is a different picture: the longs that were flushed out on the way down are no longer pressuring the market.
OI dropped 1.2% alongside price - positions were being force-closed, not opened. L/S 1.20: the long skew remains, but moderate. Funding +0.009% - neutral, no overheating. Spot/futures x10.5: no real buyer behind the bounce yet, the move is speculative.
The options market yesterday maintained a bet on upside via calls - price first responded by dropping to $74K, then reversed. Put/call 0.70 at the current price looks like being right with a delay.
📍 Key levels for the day:
$77,427 - resistance, PDH. A breakout with volume opens Monthly Open $77,592
$74,204 - support, PDL = Weekly Low. A return here breaks the bounce
Scenario: ⬆️ Bullish - consolidation above $77,427 with increasing volume opens the path to $78,180
Invalidation: loss of $76,503 without a buyback - the bounce turns into a retest of the lows
Not investment advice.
#morning
Digest
📈 Bullish factors
- Bank of America increased its position in IBIT to $37M as of Q1 2026; the bank's total crypto products volume reached $52M
- The ARMA bill has been introduced in the House of Representatives: a strategic bitcoin reserve at the Treasury, minimum 20-year holding horizon, sales permitted only to reduce national debt
📉 Bearish factors
- StablR exploit of $2.8M triggered a depeg of euro- and USD-stablecoins - a blow to confidence in regulated issuers at a moment when the regulatory framework has not yet settled
- The ECB warned of risks from euro-stablecoins: reduction in bank lending and loss of control over interest rates
👥 Traders yesterday
- BTC dropped below $75,000 for the first time since April, ETH approached $2,000, some top-100 altcoins lost 10%+ in 24 hours
- Liquidations over 24 hours reached $940M, the overwhelming majority being forced long closures
- Arthur Hayes publicly named $150 as his HYPE target, while simultaneously depositing 115,453 HYPE ($6.33M) on Bybit for sale and locking in $1.76M on the spread - classic
#digest
📈 Bullish factors
- Bank of America increased its position in IBIT to $37M as of Q1 2026; the bank's total crypto products volume reached $52M
- The ARMA bill has been introduced in the House of Representatives: a strategic bitcoin reserve at the Treasury, minimum 20-year holding horizon, sales permitted only to reduce national debt
📉 Bearish factors
- StablR exploit of $2.8M triggered a depeg of euro- and USD-stablecoins - a blow to confidence in regulated issuers at a moment when the regulatory framework has not yet settled
- The ECB warned of risks from euro-stablecoins: reduction in bank lending and loss of control over interest rates
👥 Traders yesterday
- BTC dropped below $75,000 for the first time since April, ETH approached $2,000, some top-100 altcoins lost 10%+ in 24 hours
- Liquidations over 24 hours reached $940M, the overwhelming majority being forced long closures
- Arthur Hayes publicly named $150 as his HYPE target, while simultaneously depositing 115,453 HYPE ($6.33M) on Bybit for sale and locking in $1.76M on the spread - classic
#digest
Weekly summary · 18.05 – 24.05.2026
BTC
Open $78,148 → Close $76,752 (-1.8%)
High $78,600 · Low $74,290
Market context
BTC dominance 58.1%
Total market cap $2.63T
Fear & Greed 25
Market
BTC dropped 1.8% on the week, printing a low of $74,290 before recovering to close near $76,752 — the range held but failed to produce any meaningful bid above $78,000. Dominance slipped 1.1% to 58.1%, suggesting mild capital rotation out of BTC without a clear alt bid forming. Total market cap sits at $2.63T with Fear & Greed at 25, a reading that historically precedes either capitulation or a sharp short squeeze — neither of which is confirmed yet.
The structure heading into next week is fragile: no trend break, no volume catalyst, and sentiment still pressing lows.
Next week focus
— $74,290 is the key weekly low; a daily close below it opens a measured move toward $71,500–$72,000, where the next significant volume cluster sits
— $78,600 (weekly high) acts as immediate resistance; reclaim on volume would shift short-term bias back to neutral and put $81,000 back in play
— Watch U.S. PCE data (Friday, May 29) — a hot print raises real-rate pressure on risk assets and increases the probability of BTC retesting the weekly low within the same session
#weekly
BTC
Open $78,148 → Close $76,752 (-1.8%)
High $78,600 · Low $74,290
Market context
BTC dominance 58.1%
Total market cap $2.63T
Fear & Greed 25
Market
BTC dropped 1.8% on the week, printing a low of $74,290 before recovering to close near $76,752 — the range held but failed to produce any meaningful bid above $78,000. Dominance slipped 1.1% to 58.1%, suggesting mild capital rotation out of BTC without a clear alt bid forming. Total market cap sits at $2.63T with Fear & Greed at 25, a reading that historically precedes either capitulation or a sharp short squeeze — neither of which is confirmed yet.
The structure heading into next week is fragile: no trend break, no volume catalyst, and sentiment still pressing lows.
Next week focus
— $74,290 is the key weekly low; a daily close below it opens a measured move toward $71,500–$72,000, where the next significant volume cluster sits
— $78,600 (weekly high) acts as immediate resistance; reclaim on volume would shift short-term bias back to neutral and put $81,000 back in play
— Watch U.S. PCE data (Friday, May 29) — a hot print raises real-rate pressure on risk assets and increases the probability of BTC retesting the weekly low within the same session
#weekly
Hey everyone!
A lot of behind-the-scenes work lately. The main bits:
1. Fixed the algo on downturns.
It was trying to jump into shorts at already-bad prices. I spun up a shadow contour on the server with tuned parameters and ran it in parallel with the main one for a week. On a two-week window the shadow did +27R vs -2R on the main. Migrated the settings into the live algo, so on drawdowns it behaves more carefully now.
2. Main algo (paper, ~3 weeks): 240 closed trades, WR 44.6%, sumR +16.8.
By direction you can see the exact skew I was fixing: LONG WR 51% sumR +27, SHORT WR 38% sumR -10.
3. Evening channel post.
From now on it will include a short daily summary of algo signals; on Sundays - a weekly result.
4. EN schedule shift.
The morning post in the EN channel now goes out around 06:10 UTC, right before Europe gets active and the US is preparing for the open. It's a native post, not a translation. The RU channel still gets the morning post on Moscow time as before.
5. Hyperliquid.
Building a separate module on top of the exchange API.
Live execution through the Hyperliquid API is already wired in, will enable it once I have enough sample size.
6. Landing.
driftentry.com is in the final stage, aimed at external traffic. First step toward a proper web service on top of the channel.
More to come. Have a good evening and a strong week ahead.
A lot of behind-the-scenes work lately. The main bits:
1. Fixed the algo on downturns.
It was trying to jump into shorts at already-bad prices. I spun up a shadow contour on the server with tuned parameters and ran it in parallel with the main one for a week. On a two-week window the shadow did +27R vs -2R on the main. Migrated the settings into the live algo, so on drawdowns it behaves more carefully now.
2. Main algo (paper, ~3 weeks): 240 closed trades, WR 44.6%, sumR +16.8.
By direction you can see the exact skew I was fixing: LONG WR 51% sumR +27, SHORT WR 38% sumR -10.
3. Evening channel post.
From now on it will include a short daily summary of algo signals; on Sundays - a weekly result.
4. EN schedule shift.
The morning post in the EN channel now goes out around 06:10 UTC, right before Europe gets active and the US is preparing for the open. It's a native post, not a translation. The RU channel still gets the morning post on Moscow time as before.
5. Hyperliquid.
Building a separate module on top of the exchange API.
Live execution through the Hyperliquid API is already wired in, will enable it once I have enough sample size.
6. Landing.
driftentry.com is in the final stage, aimed at external traffic. First step toward a proper web service on top of the channel.
More to come. Have a good evening and a strong week ahead.
Evening. BTC $76,380
What changed since morning:
- Timeframe structure deteriorated to 2 bearish out of 4, no bullish - pressure built throughout the day
- OI dropped 2.3% alongside price decline: long liquidation cascade completed, peak volume ~$53M
Session dynamics:
Asia opened with a bid - bias +0.28%, closed at $76,800. London reversed: bias -0.80%, range 1.75%, closed at $76,372 - sellers took control. NY continues lower, first hour broke below range support and held there - the dip is not being bought.
Onchain/derivatives:
Post-liquidation cascade, OI is not recovering - no new positions being opened to buy the dip. Coinbase trading at a discount to Asian exchanges for the third consecutive day: Western demand is not stepping in at these levels. Deribit put/call 0.70 - calls still dominant, divergence from price action persists. HYPE +11.5% against the broader bearish backdrop - isolated story, not a market signal.
Sunday: the Asian bounce was fully erased by the following two sessions, price closes the day below morning levels on weak Western demand.
Not investment advice.
#evening
What changed since morning:
- Timeframe structure deteriorated to 2 bearish out of 4, no bullish - pressure built throughout the day
- OI dropped 2.3% alongside price decline: long liquidation cascade completed, peak volume ~$53M
Session dynamics:
Asia opened with a bid - bias +0.28%, closed at $76,800. London reversed: bias -0.80%, range 1.75%, closed at $76,372 - sellers took control. NY continues lower, first hour broke below range support and held there - the dip is not being bought.
Onchain/derivatives:
Post-liquidation cascade, OI is not recovering - no new positions being opened to buy the dip. Coinbase trading at a discount to Asian exchanges for the third consecutive day: Western demand is not stepping in at these levels. Deribit put/call 0.70 - calls still dominant, divergence from price action persists. HYPE +11.5% against the broader bearish backdrop - isolated story, not a market signal.
Sunday: the Asian bounce was fully erased by the following two sessions, price closes the day below morning levels on weak Western demand.
Not investment advice.
#evening
BTC $77,441
1H▲ 4H▬ 1D▲ 1W▼
Last week BTC closed +0.4% - effectively flat, with price sitting right at the weekly close of $77,065 heading into Monday.
The CME gap from Friday's close ($75,775) to Sunday's open ($76,485) is the structural overhang for this week. Price is trading above it at $77,340, which means that gap remains unfilled. Cascading longs were flushed last week - OI dropped 2.1% on the move down, peak cascade around $53M - so the positioning overhead is lighter now. The Coinbase discount to Asian venues that held through last week has faded: BTC is back above the monthly open, and the 1H and 1D EMAs are both below current price.
Spot/futures volume ratio is x10.9 in favor of futures. The move up from $75K is speculative, not driven by real spot demand. Funding at +0.0065% is neutral - no overheating, but the L/S ratio at 1.13 still leans long. If price stalls here, that long skew is the fuel for another flush.
Watching for spot volume to confirm before adding exposure.
Not financial advice.
#morning
1H▲ 4H▬ 1D▲ 1W▼
Last week BTC closed +0.4% - effectively flat, with price sitting right at the weekly close of $77,065 heading into Monday.
The CME gap from Friday's close ($75,775) to Sunday's open ($76,485) is the structural overhang for this week. Price is trading above it at $77,340, which means that gap remains unfilled. Cascading longs were flushed last week - OI dropped 2.1% on the move down, peak cascade around $53M - so the positioning overhead is lighter now. The Coinbase discount to Asian venues that held through last week has faded: BTC is back above the monthly open, and the 1H and 1D EMAs are both below current price.
Spot/futures volume ratio is x10.9 in favor of futures. The move up from $75K is speculative, not driven by real spot demand. Funding at +0.0065% is neutral - no overheating, but the L/S ratio at 1.13 still leans long. If price stalls here, that long skew is the fuel for another flush.
Watching for spot volume to confirm before adding exposure.
Not financial advice.
#morning
Digest
📈 Bullish factors
- HYPE funds are attracting millions amid outflows from BTC and ETH ETFs - capital is redistributing within the crypto market in favor of HYPE
- BTC holds above $77,000 against a 5% oil price drop and rising Asian equities - macro is temporarily working in the positive
📉 Bearish factors
- Bitcoin ETFs record 6th consecutive day of outflows - cumulative 2026 result is approaching zero
- TrapDoor malware targets crypto developer tools via supply chain attack - infrastructure risk for the dev ecosystem is growing
👥 Traders yesterday
- BTC recovered above $77,000 following Trump's statements on negotiations with Iran and the opening of the Strait of Hormuz
- SpaceX disclosed Bitcoin reserves in its IPO filing; Trump signed an executive order granting crypto firms access to payment infrastructure
- StablR exploit of $2.8M triggered a depeg of USDR and EURR by more than 20%
#digest
📈 Bullish factors
- HYPE funds are attracting millions amid outflows from BTC and ETH ETFs - capital is redistributing within the crypto market in favor of HYPE
- BTC holds above $77,000 against a 5% oil price drop and rising Asian equities - macro is temporarily working in the positive
📉 Bearish factors
- Bitcoin ETFs record 6th consecutive day of outflows - cumulative 2026 result is approaching zero
- TrapDoor malware targets crypto developer tools via supply chain attack - infrastructure risk for the dev ecosystem is growing
👥 Traders yesterday
- BTC recovered above $77,000 following Trump's statements on negotiations with Iran and the opening of the Strait of Hormuz
- SpaceX disclosed Bitcoin reserves in its IPO filing; Trump signed an executive order granting crypto firms access to payment infrastructure
- StablR exploit of $2.8M triggered a depeg of USDR and EURR by more than 20%
#digest