Crypto Market

BTC and ETH Market Insight

Institutional investors have increased their holdings by approximately 20,000 BTC this week, marking the seventh consecutive week of net positive inflows. 95% of short-term holders supply in profit and the market entered into a near-term overheated condition. Bitcoin prices hit a new all-time high of $122,000 before retreating to $116,000, a shift that reflects increasing investor sell-side pressure in response to market strength. Bitcoin Dominance is currently experiencing its most significant drop since the post-election rally.

Upcoming Macro Calendar - Source: Trading Economics

Options Market

BTC surged to new all-time highs, peaking at $123,000, driven by robust institutional inflow, before profit-taking triggered a pullback to as low as $116,000. ETH, on the other hand, extended its recovery, reaching $3,670, fueled by widespread adoption as a strategic reserve asset, pushing the ETH/BTC ratio to 0.03—its highest since early January 2025. Despite retracements from profit-taking, positive funding rates reflect sustained bullish momentum. Implied volatility for both assets dipped slightly, with call skew easing toward neutrality, indicating a balanced yet optimistic market sentiment.

Altcoins and Blockchain News

• U.S. President Trump officially signs stablecoin-related bill “GENIUS Act”.
• U.S. House of Representatives passes three cryptocurrency bills unanimously.
• According to Farside Tracking Data, U.S. spot Ethereum ETFs saw a net inflow of $2.1824 billion over the past week.
• Total cryptocurrency market cap surpasses $4 trillion; stablecoin market cap exceeds $266 billion.
• Standard Chartered launches spot Bitcoin and Ethereum trading services for institutional clients.
• Conflux public chain 3.0 to launch soon, plans to participate in "Belt and Road" offshore RMB stablecoin pilot.
• RWA tokenization platform Ondo Finance announces its flagship product — United States Dollar Yield (USDY) — will officially launch on the Sei Network.
• Backpack announces opening of FTX claims sale channel via Twitter; users can complete full process on platform: identity verification, claim validation, offer confirmation, and settlement.
• U.S.-listed company Windtree plans to launch BNB treasury strategy, aiming to raise $60 million via securities subscription.

Macro

The major indexes finished the week with mixed results: the DJIA lost 0.1%, the S&P 500 added +0.6%, and the Nasdaq added +1.5%. The Chinese finished another week with solid gains: the Shanghai Composite Index added +0.69%, the CSI 300 added +1.09% and the Hang Seng index edged up +2.84%.