Overview
- Bitcoin briefly topped about $107,000 on Monday before slipping back below $105,000, with momentum still capped under the 200‑day moving average near $110,000.
- U.S. spot Bitcoin ETFs showed mixed appetite, with roughly $2.8 billion in net outflows over four weeks but a modest $1.15 million net inflow reported on Monday.
- 10x Research estimates roughly 5.9 million BTC traded between $100,000 and $126,000 and warns a break below $100,000 could force selling into a liquidity gap toward around $93,000.
- Stablecoin purchasing power appears to be building, as the Bitcoin Stablecoin Supply Ratio has fallen to about 13.1, indicating growing reserves relative to Bitcoin’s value.
- Regulatory signals are in focus, with the CFTC working with exchanges on leveraged spot products potentially as soon as next month and a Senate draft bill proposing that ETFs can stake assets and distribute rewards.