Overview
- Bitcoin hovered around $110,000 through the Asia open before briefly slipping below $108,000 as volatility stayed elevated, with a newly flagged daily chart death cross reinforcing downside risk.
- U.S. spot Bitcoin ETFs recorded sizable withdrawals late last week, including outflows of about $488 million on Thursday and $191 million on Friday, contributing to a weekly total near $600 million.
- Derivatives data showed roughly $155 million liquidated in the past 24 hours and falling open interest, while market maker FlowDesk reported clients largely paused adding new risk after the Fed meeting.
- On-chain and exchange metrics presented mixed signals, with rising Binance reserves and softer buying flow suggesting near-term selling pressure, even as some analyses point to cleaner positioning after deleveraging.
- XRP traded near $2.49–$2.50 with repeated rejections around $2.55, as Ripple executed its routine release of 1 billion XRP from escrow and institutional activity concentrated at the key resistance zone.