Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Btc: 81.6k (-11%) | btc.D: 58.8% (-0.5%). Eth: 2665 (-12%) | bnb: 800 (-11%) | sol: 123 (-13%). Bitcoin and Ethereum ETFs saw significant outflows, with broader crypto markets falling sharply as strong jobs data reduced expectations for interest-rate cuts. Bitcoin’s technicals weakened, with RSI hitting a three-year low and the price hovering only slightly above a major strategy’s average entry level. Major holders were reported to be selling, including a long-term wallet unloading $1.4 billion in BTC and another entity selling 10,000 ETH to support a share buyback. Institutions faced pressure as well, with concerns that certain digital-asset-related companies could be removed from major indexes, while one prominent mining-related firm carried billions in unrealized losses. Some attributed part of the sell-off to a software glitch. Meanwhile, policy and corporate developments continued: a U.S. representative introduced new crypto legislation, Metaplanet announced plans to purchase $95 million in BTC, Coinbase launched ETH-backed loans through Morpho, and Securitize partnered with Plume to expand real-world-asset offerings. India also signaled plans to launch an ARC stablecoin.
💡 DMK Insight
Bitcoin’s recent drop to $81.6k highlights a critical shift in market sentiment. The 11% decline, coupled with Ethereum’s 12% drop, signals that traders are reacting to stronger-than-expected jobs data, which diminishes hopes for imminent interest rate cuts. This shift is significant; with Bitcoin’s RSI at a three-year low, it suggests oversold conditions, but also raises concerns about further downside if selling pressure continues. Traders should monitor the $80k level closely—if breached, it could trigger more panic selling. Additionally, the outflows from Bitcoin and Ethereum ETFs indicate that institutional interest is waning, which could further exacerbate the downtrend. On the flip side, this might present a buying opportunity for those looking to accumulate at lower prices, especially if we see a bounce off key support levels. Keep an eye on the broader market sentiment and any news that could shift expectations around interest rates, as that will likely dictate the next moves in crypto. Watch for potential resistance around $85k for Bitcoin, as a failure to reclaim that level could signal continued bearish momentum.
📮 Takeaway
Watch the $80k support level for Bitcoin; a breach could lead to increased selling pressure, while a bounce might signal a buying opportunity.
