Overview

• Bitcoin is trading within a $106,900–$108,200 range, with a daily close beyond either threshold set to trigger the next major move
• Spot Bitcoin ETFs saw net inflows of $588.6 million on Tuesday and Ethereum ETFs added $71.2 million as institutions ramp up crypto exposure
• Hong Kong’s Policy Statement 2.0 establishes a licensed regime for stablecoin issuers and trading platforms to boost its digital asset hub ambitions
• The number of wallets holding at least 10 BTC has surged to its highest level since mid-March, signaling intensified institutional accumulation
• Investors are also eyeing potential Federal Reserve rate cuts and a U.S. Senate stablecoin regulation bill for further market catalysts