Track market-moving stories before they get noisy

Crypto analyst Ali Martinez said that signals indicating a long-term market reversal are emerging in major crypto assets, particularly Bitcoin. According to Martinez, the Tom DeMark (TD) Sequential indicator is giving a bullish signal for Bitcoin, Ethereum, XRP, and Solana on the monthly charts.

The analyst noted that trend exhaustion signals, especially those seen in higher timeframes like monthly charts, are significant. Martinez stated that in the past, multiple major crypto assets simultaneously generating monthly bullish signals indicated seller fatigue and long-term market lows.

Another data point highlighted by Martinez concerned the profit and loss status of Bitcoin’s supply. According to the analyst, for the first time in this cycle, the amount of Bitcoin held at a loss reached 10.45 million BTC, surpassing the 9.60 million BTC held at a profit.

Martinez said that the fact that more than half of the circulating Bitcoin supply is at a loss indicates that the speculative bubble in the market has largely cleared. The analyst argued that such crossovers have only been seen very close to major cycle bottoms in Bitcoin’s 15-year history.

Looking at past examples, a similar intersection first occurred in September 2011, and Bitcoin bottomed out in November 2011, starting a new bull market. The second intersection took place in September 2014, and after the market consolidated under these conditions until October 2015, it entered a new expansion period.

The third intersection, seen in November 2018, coincided with one of the harshest periods of the bear market. Following this, Bitcoin began a new bull cycle in March 2019. A similar intersection occurred during the liquidity crisis of March 2020, but this lasted only 17 days, and Bitcoin recorded a strong recovery by April 2020.

According to Martinez, the first supply intersection of the current cycle officially occurred in June 2026, and the metrics have continued to move in the opposite direction since then. The analyst argued that while such periods have lasted from a few weeks to a few months in past data, Bitcoin is currently trading in a region of high-reliability accumulation.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

World launched on July 1 as an onchain prediction market on Solana (SOL), live in Phantom Wallet and using Chainlink oracles to automatically settle trades in the CASH stablecoin.

Its debut adds a Solana-native challenger to a sector Polymarket and Kalshi already lead, where volumes have hit records.

How World Works Inside PhantomWorld operates as a non-custodial protocol rather than a traditional exchange. It routes orders to liquidity providers on Solana and does not hold user funds or run the markets itself. Traders keep positions in their own wallets as tokens until they choose to cash out.

Settlement runs through Chainlink Data Streams and its runtime environment, which feed prices and resolve outcomes with limited human involvement. Winning positions redeem automatically in CASH, a Solana stablecoin.

At launch, World lists short-duration Bitcoin (BTC) up-or-down contracts and markets on the 2026 FIFA World Cup. The debut lands as Solana runs hot.

Solana’s SOL token rose more than 5% on the day and about 16% over the week, according to BeInCrypto data.

Solana (SOL) Price Performance. Source: BeInCryptoThe team plans to add sports, politics, and macro markets through July.

World Replaces Kalshi in the WalletThe launch is the public reveal of infrastructure that has quietly run for weeks. Phantom offered Kalshi-powered markets through a DFlow integration from December 2025. It then switched to World for all positions opened on or after June 1.

Full story — what World Prediction Markets does, how it replaced DFlow/Kalshi, and what the disclosure actually says: https://t.co/hMC39dsIHj

— Solana 🧭 Compass (@SolanaCompass) June 30, 2026 Under the old setup, traders redeemed winning positions themselves, whereas World settles them automatically once an event ends.

That switch matters because Phantom reaches roughly 20 million users, giving World immediate distribution without a separate app. Kalshi, meanwhile, remains a formidable rival and is reportedly weighing a $40 billion valuation.

Before the reveal, the project ran a stealth campaign built around a glowing globe and the tagline “Trade Everything.” It even told followers there was “no product.”

“Prediction markets are one of the most powerful applications you can build on a high-performance blockchain. World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are,” Pedro Miranda, Head of Consumer at the Solana Foundation, said in the launch announcement.

Follow us on X to get the latest news as it happens

Can World take on Polymarket and Kalshi?The incumbents carry moats World has not built. Polymarket proved the model in 2024, when more than $3 billion traded on its US presidential market. It has since expanded onto Solana through a February integration with Jupiter, contesting the same turf World now claims.

For the first time, @Polymarket is coming to Solana. On Jupiter.

Integrating Polymarket is primed for making Jupiter the most innovative predictions platform on Solana

Trade all the markets you want. On one onchain platform.

The best user-experience on Solana 🤝

The biggest… pic.twitter.com/lSpxZ93SaK

— Jupiter (@JupiterExchange) February 1, 2026 Their regulatory paths diverge sharply. Kalshi is a US-regulated exchange that beat the CFTC in court in 2024 to list election contracts. Polymarket took the opposite route, paying a $1.4 million CFTC penalty in 2022 that forced it offshore for years.

World sidesteps both, running as a permissionless onchain protocol with no license and no gatekeeper.

That freedom cuts two ways. The non-custodial model removes intermediaries, but it also forgoes the oversight and protections that anchor a regulated venue like Kalshi.

World has not published volume or liquidity figures, so its trading power stays unproven. Prediction markets reward deep books, which produce tighter spreads and steadier pricing. Distribution can pull in users fast, but that kind of depth takes time to build.

Sector momentum still helps, with prediction market open interest hitting a record $1.48 billion in June.

An unaffiliated memecoin using the World name sparked speculation on Pump.fun, though the team confirmed there is no link to it.

Prediction Market Open Interest. Source: X/a16z cryptoWorld’s case rests on distribution and instant onchain settlement, not proven scale. The World Cup becomes the first real test of whether embedded access inside Phantom turns into lasting liquidity.

Bitcoin: The Winklevoss Twins Sell 60 Million Dollars as the Market Remains Under Pressure

A Substantial Crypto StakeThe Executive Branch Personnel Public Financial Disclosure Report (OGE Form 278e) covering the 2025 calendar year was officially received by the OGE on June 29, 2026, after the Vice President was “granted a 45-day extension to file.”

This substantial holding explicitly links a top executive branch official to the digital currency market.

Broader Financial ManeuversBeyond his cryptocurrency stash, the Vice President‘s disclosure outlines a series of traditional market transactions executed throughout 2025.

While Vance held his crypto assets, he actively deployed capital into large blocks of index funds and sold off specific venture capital interests.

Most notably, on a single day—June 27, 2025—Vance executed purchases across major exchange-traded funds that exceeded $1.25 million in combined minimum value.

Key 2025 TransactionsThe following table outlines the most significant non-crypto trades disclosed in the Vice President’s filing.

These purchases demonstrate that while the Vice President maintains a footprint in the digital asset space with Bitcoin, the volume of his recent transactional portfolio remains heavily anchored in mainstream, diversified index funds.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Bitcoin continues to experience sharp declines, falling below $58,000 for the first time in a long time. These declines are attributed to rising inflation concerns, a more hawkish Fed, and a strengthening dollar in recent weeks.

At this point, the situation for Bitcoin is worsening, and this is reflected in the options market. According to the data, there is an increase in bets in the options market on BTC falling to $50,000.

According to analyst Omkar Godbole’s analysis, investors in the Bitcoin derivatives market are taking positions expecting a further decline in price rather than an increase.

The analyst noted that Bitcoin, after recently falling to as low as $57,700, has partially recovered to around $58,800, while open positions have risen to 768,000 BTC.

At this point, the analyst noted that put options, which are bets on a price decrease in the options market, are priced higher than call options across all expiry dates. According to Paradigm trading desk data, demand for the $50,000 Bitcoin put option with a September expiry date has increased.

In conclusion, according to the analyst, this positioning indicates that investors have increased the likelihood of BTC falling below $50,000 by the end of the third quarter.

Investors Have Started Accumulating, But Bitcoin Could Fall Again! As talk of Bitcoin reaching $50,000 continues to intensify, Glassnode reports that long-term investors have resumed buying BTC. However, despite these purchases, the risk of eventual capitulation remains.

According to Glassnode analysts, institutional exits and increasing put positions in the options market are negatively impacting investor sentiment, but long-term holders have begun accumulating again, and many wallet groups are increasing their BTC holdings. Additionally, spot order books on Binance and Coinbase are showing a trend towards buy orders.

This signals a shift from a selling to an accumulation trend, with BTC trading below $60,000.

Despite this positive signal, analysts say investor fear remains high, and the amount of BTC losing money is greater than the amount of BTC making a profit.

In this context, Glassnode noted that risks persist due to high demand for put options in the options market and the increase in leveraged long positions, which could lead to further long liquidations and a decline in demand.

Glassnode analysts recently stated that another sharp price drop is still possible before the market bottom is definitively formed.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

The disclosure shows $635 million in memecoin royalties and more than $500 million from World Liberty Financial token sales, filed as Democrats push for an ethics clause in the Clarity Act.

Posted July 1, 2026 at 6:27 am EST.

President Donald Trump earned more than $1 billion from cryptocurrency last year, according to financial disclosures released Tuesday by the Office of Government Ethics.

Trump collected $635 million in royalties from his $TRUMP token memecoin business, which launched days before his inauguration on January 2025, according to the disclosure. He also received more than $500 million from token sales connected to World Liberty Financial, the DeFi project backed by he and his family.

This story is an excerpt from the Unchained Daily newsletter.

Subscribe here to get these updates in your email for free

Trump also disclosed holding more than $50 million in ether, more than $50 million in bitcoin, and up to $250,000 in USD through DT Marks Defi LLC, a Trump Organization-affiliated entity with a stake in World Liberty Financial.

Through CIC Digital LLC, a second Trump Organization entity that co-owns the memecoin business, the president held an additional $25 million in ether, $25 million in USDC, more than $50 million in bitcoin, and an equity stake in Coreweave, the bitcoin miner that pivoted to AI infrastructure.

Trump through a third entity DT Marks SC LLC holds a stake in a “stablecoin holdco” that generated well over $196 million in revenue in 2025, tied to a reported investment from Abu Dhabi Sheikh Tahnoon bin Zayed Al Nahyan. Trump also disclosed 6 million from an NFT licensing agreement.

Meanwhile, Vice President JD Vance disclosed between $100,000 and $500,000 in bitcoin held through a Coinbase account.

The disclosures arrive as bitcoin trades roughly 50% below the all-time high it set last October, and as the broader crypto market has struggled through a third consecutive quarterly loss. It also sharpens a conflict-of-interest debate that has dogged the Digital Asset Market Clarity Act throughout Senate negotiations.

Multiple Democratic senators, along with some Republicans, have said they will not vote for the bill without a provision barring senior government officials from holding personal stakes in crypto businesses. Trump’s White House has pushed back against earlier versions of the language. With the August recess roughly five weeks away and the bill still short of the 60 votes it needs for passage, the financial disclosures are likely to intensify that pressure at the worst possible moment for the bill’s timeline.

Related Listen: Bits + Bips: How the Dimon vs. Armstrong Clash Reveals Crypto at Peak Political Power

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

Jul 1, 2026, 1:00 p.m.

2 min read

(Unsplash)Summary

Analysts expect AI, Federal Reserve policy and shifting market structure to drive crypto and equity markets through the second half of the year.Former Credit Suisse executive Mark Connors says AI is creating a widening divide between companies that benefit from the technology and those at risk of disruption.Hyperion Decimus' Chris Sullivan argues bitcoin's four-year cycle remains intact and believes the market is nearing a point where "it's so bearish it's bullish."The first half of the year was defined by the AI trade. The second half may be defined by a tougher question: Which companies and assets actually stand to benefit from it?

The contrast between crypto and equities has been one of this year's defining market stories. AI enthusiasm propelled technology stocks to record highs, while bitcoin BTC$59,720.20 has tumbled 46% to $58,300 on Tuesday.

Market analysts say investors are entering a period where AI, monetary policy and changing market structure could drive sharp swings across equities and cryptocurrencies, even as the broader economy remains resilient.

Former Credit Suisse global head of portfolio and Risk Dimensions CIO Mark Connors argued AI is no longer lifting the technology sector indiscriminately. Instead, it is separating companies building AI infrastructure from businesses whose products or services could be disrupted by large language models and AI agents.

"The market is being cleaved in two," he said in an interview with CoinDesk, pointing to Accenture's recent selloff as evidence that investors are reassessing consulting firms as generative AI automates more knowledge work. He also cited weakness in software companies, including Autodesk and Intuit, saying it suggests pressure on traditional software firms could continue.

At the same time, he expects macroeconomic uncertainty to remain the dominant force across financial markets. Correlations among stocks, bonds, commodities and cryptocurrencies have risen in recent months, according to Kestrel data, suggesting investors are responding more to policy developments than to company-specific fundamentals.

"The rest of the year is going to be messy," he said, arguing uncertainty around Federal Reserve policy and Treasury financing could keep markets volatile before financial conditions eventually improve.

Chris Sullivan, co-founder and portfolio manager at digital asset hedge fund Hyperion Decimus, sees a similar backdrop of elevated uncertainty but believes investors are paying too much attention to market narratives and not enough to market mechanics.

He argued that structural changes following the launch of U.S. spot bitcoin exchange-traded funds (ETFs), combined with institutional hedging activity in derivatives markets, have changed how bitcoin trades and weakened many of its historical relationships with broader macro indicators.

Bitcoin’s recent downturn has also challenged the idea that bitcoin had outgrown its traditional four-year cycle. Following the launch of U.S. spot bitcoin ETFs, some market participants argued institutional capital would smooth out bitcoin's volatility and bring an end to its familiar boom-and-bust pattern. Sullivan disagrees, saying the current decline still fits within historical market cycles and that he is waiting for a final bottoming pattern before declaring the bear market over.

"We are nearing the point of where it's so bearish it's bullish" from a risk-reward perspective, he said. Sullivan continues to expect bitcoin to establish a bear-market bottom in the $54,000 to $58,000 range, arguing that improving on-chain fundamentals and historically depressed investor sentiment could provide an attractive setup for long-term investors once the current period of uncertainty passes.

Related Assets

12345678910

Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jun 30, 2026

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Spot Bitcoin ETFs traded in the United States have faced a sharp wave of outflows over the past two months. Data shared by the crypto analytics firm CryptoQuant indicates a total withdrawal of 100,000 BTC from these funds. This development stands out as the largest decline seen since the ETFs were launched in January 2024.

Outflows hit record-breaking levelsAccording to recent data, U.S. spot Bitcoin ETFs have experienced a significant drop in cumulative net inflows. The removal of 100,000 BTC signals the largest wave of sales on record, with the total outflow now exceeding $11 billion. This trend is also connected to institutional investors exercising greater caution before opening new positions.

Quick definition: A spot Bitcoin ETF is an investment fund that tracks the price of Bitcoin directly and is traded on exchanges like a regular stock. CryptoQuant is a widely recognized crypto analytics platform specializing in on-chain data and exchange flows.

CryptoQuant’s data reveals that cumulative net inflows into U.S. spot Bitcoin ETFs have sharply decreased, with outflows totaling 100,000 BTC.

This outflow exceeding $11 billion marks the steepest weekly drop recorded since spot Bitcoin ETFs began trading. The accelerating withdrawals point to a dampened investor appetite and a notable slowdown in risk-taking behavior throughout the crypto market.

Early enthusiasm gives way to cautionAt their launch, spot Bitcoin ETFs were hailed as a milestone for the digital asset industry, drawing significant interest from a broad range of investors. These products provided institutional and retail investors with streamlined access to Bitcoin via established financial markets, fueling billions of dollars in inflows within weeks.

The current scenario, however, tells a markedly different story. Investor caution has spread, leading to steady daily outflows across nearly every trading day of the past two months. This period represents the longest recorded stretch of back-to-back daily outflows in the short history of spot Bitcoin ETF trading.

Over the past two months, ETFs saw capital drain on nearly every day of the week, setting a new record for the longest series of consecutive daily outflows.

Renewed questions about market interestThe persistent outflows from these funds have reignited discussion around the influence of spot Bitcoin ETFs on the market and whether investor interest will rebound. A growing “wait and see” sentiment among institutional players signals that the brisk inflows seen earlier this year have slowed to a more measured pace.

Current data underscores that spot Bitcoin ETFs still serve as a key indicator for the broader crypto market, though the past two months have clearly seen a reversal in capital flows. The extent and duration of these outflows continue to fuel debate about what this means for Bitcoin’s near-term prospects.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Bitcoin sits near $58,000 to $60,000 with the Fear and Greed Index buried in extreme fear. History says washed-out sentiment often precedes bottoms, but fear is a signal, not a floor. Here are the gauges traders are actually watching.

Summary

Bitcoin trades near $58,000 to $60,000 as of July 1, 2026, down about 53% from its October 2025 record of $126,198, after back-to-back quarterly losses to open the year. The Fear and Greed Index sits around 12 to 16, deep in extreme fear, a zone that has historically appeared near local bottoms but is not a timing tool on its own. Bullish positioning signals are stacking up: open interest has collapsed from over $90 billion to about $44.5 billion, leverage is flushed, and coins are leaving exchanges in a pattern that suggests accumulation. The bearish counterweight is real: spot Bitcoin ETFs posted a record $4.5 billion of outflows in June, the Fed is hawkish with a likely December rate hike priced in, and one cycle model points to a bottom only around mid-October. The signals that would confirm a turn are concrete: reclaiming the 20-day and longer moving averages, a flip back to ETF inflows, open interest rebuilding alongside price, and the fear gauge lifting off its extremes. Extreme fear is one of the most misread conditions in markets. When the Fear and Greed Index drops into the low teens, the crowd reads it as a reason to run, and the contrarian reads it as a reason to buy. Both are oversimplifying. Sentiment this low tells you that positioning is stretched and conviction is gone, which is often the raw material of a bottom, but “often” is not “now,” and fear can always get more extreme before it breaks.

The useful move is not to treat the fear gauge as a signal by itself, but to read it alongside the harder data on positioning, flows, and price. This piece walks through the signals traders are watching, lays out the bullish and bearish readings of each, and identifies what would actually confirm that the turn has arrived. The key point is simple: fear tells traders to pay attention, not to assume the bottom is already in.

What the Fear and Greed Index is saying Start with the gauge everyone quotes. The Fear and Greed Index compresses several inputs, volatility, momentum, volume, and social signals, into a single 0 to 100 reading, and the latest chart still shows the market deep in extreme fear. Historically, readings this low have clustered near local bottoms, because they mark the point where sellers have largely exhausted themselves and the marginal holder is fearful rather than greedy. That is the contrarian appeal: when nobody wants the asset, much of the selling may already be done.

Source: CoinMarketCap The caution is that the index is a description of the present, not a prediction of the future. Extreme fear can persist for weeks, and it can deepen. During genuine downtrends, the gauge has sat in fear for long stretches while price kept falling, so treating a low reading as an automatic buy signal has burned plenty of traders. The right way to use it is as context: it tells you the emotional backdrop is washed out, which raises the odds that other bottoming signals are meaningful, without confirming anything on its own.

That is why how the index works matters before using it as a trading signal. The number is useful because it summarizes the market mood, but it is not a floor under price. For confirmation, traders still need price levels, ETF flows, leverage data, and macro conditions to line up.

Signal one: positioning has reset The most constructive signal under the surface is what happened to leverage. Open interest in Bitcoin derivatives has collapsed from above $90 billion to roughly $44.5 billion over recent weeks, less than half its peak. That drop reflects long liquidations, profit-taking, and traders reducing speculative exposure. In plain terms, the leverage that builds up in a rally and makes a market fragile has been flushed out.

Why this matters for a turn is mechanical. A market loaded with leveraged longs is vulnerable, because small drops trigger liquidations that cascade into larger drops. A market where that leverage has been cleared is sturdier, because the forced-selling fuel is gone. Resets like this often precede bottoms, since they remove the overhang that drags price lower and leave room for fresh positioning to push the other way.

The bearish reading is that falling open interest also signals fading demand and cautious participation, not just healthy deleveraging. Traders stepping back can mean they see no reason to buy, and a market with thin conviction can drift lower on light volume. The reset is a necessary condition for a durable bottom, but it is not sufficient by itself, because clean positioning can still sit under a price that keeps grinding down.

Signal two: exchange flows and accumulation The second signal comes from where the coins are moving. Through the drawdown, Bitcoin has seen exchange outflows exceed inflows, meaning more coins are leaving exchanges than arriving. That pattern is typically read as accumulation: holders pulling coins into self-custody or long-term storage rather than keeping them on exchanges ready to sell. When supply leaves the venues where selling happens, it thins the pool of coins available to hit the market.

The bullish interpretation is that long-term holders are quietly buying weakness while short-term traders panic, a divergence that has marked accumulation phases before. Steady outflows during extreme fear suggest conviction underneath the fear, the kind of hands that absorb selling and set the base for a recovery. That is the constructive version of the on-chain story, and it fits with the broader idea that the market is moving from forced selling toward accumulation.

The counterpoint is that exchange flows are noisy and can reflect custody shifts, institutional plumbing, or one-off moves rather than genuine accumulation. Outflows are encouraging, but they are a soft signal, easily overstated. On their own they confirm that some holders are unbothered, not that the bottom is in. They matter most when they line up with stronger evidence from ETF flows and price.

Signal three: the ETF bid The third signal is the one cutting against the bulls, and it is the most important on the bearish side. Spot Bitcoin ETFs recorded about $4.5 billion of net outflows in June 2026, their worst month since launching, removing the steady institutional bid that had cushioned earlier declines. The funds that were supposed to represent durable, price-insensitive demand instead became a source of selling, and their flows have tracked the drawdown closely.

This matters because the ETF bid was a structural change in how Bitcoin traded. When it was flowing in, it provided a floor of consistent demand. When it reverses, that floor becomes a headwind, and the market has to find other buyers to absorb the redemptions. For sentiment to turn convincingly, this is the signal that most needs to flip.

A return to sustained ETF inflows would tell the market that institutions are stepping back in, which would validate the bullish reading of the other signals. Continued outflows would keep the pressure on regardless of how washed out the fear gauge looks. That is why the ETF bid that reversed deserves more weight than a sentiment reading alone. In this cycle, flows are not a side detail; they are one of the main channels moving the market.

Signal four: oversold technicals The fourth signal is on the chart. The relative strength index has dropped near 30, the oversold threshold, indicating that momentum has fallen far and fast and that the move may be stretched to the downside. Price sits near support in the $58,000 area, below the 20-day exponential moving average around $62,450, and well beneath the longer-term moving averages, the 200-day near $65,200 and the 50-month near $65,600, that mark the bull-bear boundaries.

The bullish read is that oversold conditions at support are where reversals begin, and a bounce off the high $50,000s that reclaims the moving averages would signal the downtrend is weakening. The bearish read is that oversold can stay oversold in a strong downtrend. Until price actually reclaims those moving averages, the path of least resistance points lower, with a break below support opening the door toward the mid-$50,000s. The technicals frame the levels, but they do not resolve the direction until price picks one.

That is why the level-based bottom question matters alongside sentiment. Bitcoin does not bottom because the index is low; it bottoms when buyers defend levels, reclaim resistance, and force trend-followers to change position. The fear gauge tells traders the market is stretched. The chart tells them whether the stretch is becoming a reversal.

The bull read: capitulation precedes bottoms Put the constructive signals together and a coherent bottoming case emerges. Extreme fear, flushed leverage, steady accumulation, and oversold momentum are the classic ingredients of capitulation, the moment when the last weak hands sell and stronger hands absorb the supply. In prior cycles, this combination has marked the exhaustion of a downtrend, the point where selling pressure runs out because everyone inclined to sell already has. In this reading, the current setup looks less like the start of a new collapse and more like the late stage of a forced reset.

The bull case also treats the record ETF outflows as a lagging sign of the same capitulation instead of a fresh catastrophe. Institutions derisked into weakness, leverage was cleared, and sentiment collapsed into extreme fear. If that selling has already happened, the market may be closer to a base than the headline fear suggests. The reset positioning and the accumulation on-chain suggest a foundation is forming under the panic.

If that is right, the setup favors a recovery once a catalyst arrives to flip sentiment, and the extreme fear reading becomes, in hindsight, the marker of the low. This is the contrarian thesis, and the data gives it real support. The key caveat is timing: a market can be in a bottoming zone before the actual bottom is printed. Bulls still need confirmation before calling the turn.

The bear read: fear can deepen The opposing case is equally grounded, and it starts with the fact that Bitcoin is down about 53% from its high with back-to-back quarterly losses, a genuine bear market instead of a shallow dip. Deep drawdowns can extend, and washed-out sentiment can get more washed out. The macro backdrop offers no relief: the Fed is hawkish under its current chair, markets are pricing a strong chance of a December rate hike as inflation drifts back toward 4%, and a key jobs report looms, all of which pressure risk assets like Bitcoin, which trades as high-beta risk far more than as a haven.

There is also a timing argument. One cycle model notes that bear-market corrections have averaged about 12 months, which, measured from the October 2025 record, points to a bottom only around mid-October 2026. By that reading, the current fear could be a stop along the way instead of the destination, with more downside and more time required before a durable low. The record ETF outflows, in this frame, are an active headwind, not a capitulation tail.

Fear is a signal, not a floor, and it can persist far longer than the impatient expect. The chart can stay oversold, ETF flows can stay negative, and macro can keep forcing risk assets lower. That does not invalidate the bottoming signals; it simply means they are conditions, not confirmations. The bear case is strongest as long as price remains below the key moving averages and the ETF bid stays absent.

What would confirm a turn The way to cut through the debate is to watch for confirmation instead of guessing at the bottom. Four signals would mark a genuine turn. The first is price reclaiming the 20-day EMA near $62,450 and then the heavier resistance around $64,000, which would break the pattern of lower highs and put buyers back in control. The second is ETF flows flipping from outflows back to sustained inflows, the clearest sign the institutional bid has returned.

The third is open interest rebuilding alongside a rising price, which would show fresh capital coming in with conviction instead of a low-volume drift. The fourth is the Fear and Greed Index lifting off its extremes, confirming that the emotional backdrop is normalizing. Until several of those align, the constructive signals remain a setup instead of a trigger. Extreme fear, reset leverage, and accumulation describe a market that could turn, not one that has.

The discipline is to treat washed-out sentiment as a reason to watch closely, while waiting for price and flows to confirm before concluding the low is in. That is how experienced traders use a reading in extreme fear: not as a buy button, but as a cue to track the signals that actually mark the turn. The lower the fear gauge falls, the more important confirmation becomes, because the emotional temptation to act early grows stronger.

How this fear compares with past bottoms Extreme fear is not new, and prior episodes offer a rough guide to how it tends to resolve, with a large caveat. In earlier cycles, the deepest fear readings have often clustered near major lows, appearing when a drawdown was closer to its end than its beginning, precisely because fear peaks when selling has run far. The pattern that has marked durable bottoms combines washed-out sentiment with flushed leverage and steady accumulation by long-term holders, the same three ingredients visible now. On that template, the current setup rhymes with past bottoming conditions.

The caveat is that the template has failed often enough to demand humility. Extreme fear has also appeared in the middle of downtrends, not just at their ends, and readers who bought every low reading in a bear market bought too early more than once. The difference between a fear reading that marks a bottom and one that marks a pause is usually not visible in the sentiment gauge itself. It shows up later, in whether price reclaims key levels and whether the institutional bid returns.

There is also a structural change that makes the comparison imperfect. The presence of spot ETFs has altered how Bitcoin trades, adding a large, flow-driven institutional participant that did not exist in earlier cycles. That means past bottoming patterns, built in a market without ETFs, may not map cleanly onto this one. The ETF flows can amplify moves in both directions, which is why the record June outflows matter so much and why this cycle’s bottom may look different from the ones the historical template describes.

The macro calendar that matters Because Bitcoin is trading as a high-beta risk asset, the signals most likely to flip or deepen sentiment are macroeconomic, and the calendar is crowded. The nearest is the monthly jobs report, a read on labor-market strength that feeds directly into rate expectations: a hot number would reinforce the case for the Fed staying tight, pressuring risk assets, while a soft number could revive hopes for easier policy and lift them. Traders watching for a sentiment turn are watching that print closely. It is not a crypto-native signal, but it can decide whether crypto-native bottoming signals actually matter.

Further out sits the Fed itself. With markets pricing a meaningful chance of a December rate hike as inflation drifts back toward 4%, each inflation report and each Fed meeting becomes a potential catalyst. A hawkish surprise would deepen the risk-off mood that has weighed on Bitcoin, while any sign the tightening is ending could mark the macro turn that a sentiment-driven bottom needs. The path of rates, more than any crypto-native signal, is the backdrop against which the fear gauge will either normalize or sink further.

The practical point is that a durable turn in Bitcoin sentiment probably requires a shift in the macro wind, not just an oversold chart. The internal signals, reset leverage, accumulation, extreme fear, describe a market primed to respond, but the trigger is likely to come from outside crypto: a softer labor market, a friendlier inflation path, or a Fed that signals the end of tightening. Until the macro calendar delivers one of those, the constructive crypto signals remain a coiled setup waiting for a catalyst, which is why traders track the economic data as closely as the order book right now.

The one signal that matters most With so many gauges flashing at once, it helps to rank them, and in this cycle one signal outranks the rest: the ETF bid. Before spot Bitcoin funds existed, a bottom was mostly a story about on-chain holders, leverage, and sentiment, the classic signals. Those still matter, but the arrival of ETFs added a large, flow-driven institutional participant whose buying and selling now sets much of the marginal price. When that participant is buying, it provides a steady floor. When it is selling, as it was through the record June outflows, it becomes a persistent drag that the other signals cannot easily overcome.

That is why the ETF flow number deserves more weight than the fear gauge or the RSI. Extreme fear can mark a bottom, reset leverage can prime one, and accumulation can build a base, but none of them forces the institutional bid to return. The flows do that directly. A market can sit at extreme fear with clean positioning and still grind lower if the funds keep redeeming, because the redemptions are real selling that has to be absorbed.

Conversely, a decisive flip back to sustained inflows would validate every other constructive signal at once, confirming that the capitulation the other gauges describe has actually ended. The practical takeaway is a hierarchy. Treat the ETF flows as the primary confirmation, the signal that most reliably separates a real turn from a false one. Treat reset leverage and on-chain accumulation as supporting evidence that the setup is favorable. Treat extreme fear and oversold technicals as context that raises the odds without confirming anything.

The macro calendar is the likely trigger that moves the flows one way or the other. Reading the signals in that order, flows first, positioning second, sentiment last, is how to avoid the classic trap of buying extreme fear too early. The gauge in extreme fear tells you the market is primed. The ETF flows will tell you when it has actually turned.

Frequently asked questions What does a Fear and Greed reading near 16 mean? It means the index sits deep in extreme fear, its lowest zone, reflecting washed-out sentiment across volatility, momentum, volume, and social signals. Historically, readings this low have appeared near local bottoms because much of the selling may be exhausted. But it is a description of the present, not a prediction, and extreme fear can persist or deepen during a real downtrend.

Is extreme fear a reliable buy signal? Not on its own. Low readings raise the odds that a bottom is near, but sentiment can stay fearful for weeks while price keeps falling. It is best used as context alongside harder data on positioning, flows, and price, instead of as a standalone trigger. Treating a low reading as an automatic buy has repeatedly caught traders too early.

Why does falling open interest matter? Open interest dropping from over $90 billion to about $44.5 billion means leverage has been flushed out through liquidations and derisking. That makes the market sturdier, because the forced-selling fuel that drives cascading drops is gone, which often precedes bottoms. The caveat is that falling open interest can also signal fading demand, so it is a necessary but not sufficient condition for a turn.

What are exchange outflows telling us? More Bitcoin has been leaving exchanges than arriving, a pattern typically read as accumulation, with holders moving coins into storage instead of keeping them ready to sell. It suggests conviction underneath the fear. But exchange flows are noisy and can reflect custody or institutional shifts, so they are a soft signal that some holders are unbothered, not proof the bottom is in.

Why are the ETF outflows so important? Spot Bitcoin ETFs posted a record $4.5 billion of outflows in June 2026, turning the steady institutional bid that once cushioned drops into a headwind. Because that bid was a structural support, its reversal is the signal that most needs to flip for a convincing turn. A return to sustained inflows would validate the bullish case, while continued outflows keep pressure on regardless of sentiment.

Where is Bitcoin’s key support and resistance? Support sits near the $58,000 area, and reclaiming the 20-day EMA around $62,450 is the first upside test, followed by heavier resistance near $64,000 and the longer-term moving averages around $65,200 to $65,600. RSI near 30 shows oversold momentum. A break below support opens the door toward the mid-$50,000s, while reclaiming the moving averages would signal the downtrend is weakening.

Could Bitcoin fall further from here? Yes. Bitcoin is down about 53% from its record with back-to-back quarterly losses, and deep drawdowns can extend. A hawkish Fed, a likely December rate hike, and looming jobs data pressure risk assets, and one cycle model points to a bottom only around mid-October 2026. Extreme fear is a signal, not a floor, and it can persist longer than expected.

What would confirm that Bitcoin has turned? Four signals: price reclaiming the 20-day EMA near $62,450 and then resistance around $64,000, ETF flows flipping back to sustained inflows, open interest rebuilding alongside a rising price, and the Fear and Greed Index lifting off its extremes. Until several align, the constructive signals describe a market that could turn instead of one that has, so confirmation should come before conviction.

Disclaimer: This article is for information purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency prices are highly volatile, and technical and sentiment analysis is speculative and may not predict actual movements. Nothing here is a recommendation to buy or sell any asset. Always do your own research and consider consulting a licensed professional before making financial decisions. Figures are accurate as of July 1, 2026, and will change.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

This site is protected by reCAPTCHA.

https://www.experian.com/blogs/ask-experian/what-is-bitcoin-and-should-you-buy-it/

Bitcoin’s price fell by 14.1% in the second quarter of 2026, continuing its downward trajectory with a third consecutive quarterly decline. This development has led to a year-to-date decrease of over 30%, with Bitcoin closing the quarter at approximately $60,000. The cryptocurrency has dropped more than 50% from its all-time high in late 2025, reflecting ongoing challenges in the market such as liquidity constraints and reduced investor participation. Market indicators suggest that these trends may persist, aligning with analyst forecasts that expect further declines before a potential stabilization later in the year.

Advertisement

Key Takeaways Market activity suggests participants are adjusting to Bitcoin’s continued price drops, with recent declines consistent with pricing supportive of NO on near-term recovery. Bitcoin’s fall from its 2025 peak indicates sustained pressure and potential challenges in reversing the current trend. The market’s current pricing implies a cautious stance, with low probabilities assigned to substantial price recoveries in the short term. What to Watch Watch for any shifts in liquidity or investor sentiment that could alter Bitcoin’s trajectory. Key indicators include ETF flows and macroeconomic developments such as Federal Reserve policy announcements. Any significant changes in these areas could influence market pricing and expectations for Bitcoin’s performance in the coming months. Developments around the July 2 market resolution, where current pricing reflects a 50% probability, may provide further insights into market sentiment.

Get prediction market intelligence as a structured API feed. Early access waitlist.

Term Structure

Contract Odds Δ since publish Volume 24h July 1 2.7% — — View market → July 1 1.6% — — View market → July 1 0.9% — — View market → July 1 0.2% — — View market → July 1 0.2% — — View market → July 2 2026 56.5% — — View market → July 2 2026 7.5% — — View market → July 2 2026 13.5% — — View market →

The transition from Bitcoin [BTC] mining to AI is emerging as a growing risk as the market heads into Q3. 

In a recent post, On-chain Lens reported that Riot Platforms sold around 500 BTC worth approximately $30 million, highlighting this pivot in real time. This move is notable in terms of timing, as Bitcoin has broken below $57k for the first time since early Q4 2025. Typically, such weakness would weigh on RIOT’s stock, yet price action has diverged.

Notably, RIOT closed Q2 up 120%, marking its strongest quarterly performance since Q2 2023. Despite Bitcoin’s 15% correction during Q2, RIOT has significantly outperformed, highlighting a clear decoupling between miner equities and spot BTC.

Source: TradingView (RIOT/USD) This divergence gains relevance in the context of Riot’s capital allocation.

The company sold 3,778 BTC for approximately $289.5 million last quarter, while mining only 1,473 BTC. This means it sold more Bitcoin than it produced, reducing its treasury instead of building it. As a result, holdings fell to around 15,680 BTC, down about 18% year over year.

The recent 500 BTC sale fits into this pattern. It suggests the Bitcoin treasury strategy is flattening, with a growing shift toward AI-related expansion. In this setup, BTC is increasingly being used as a cash reserve to fund data-center and compute investments. Naturally, the question is whether this transition introduces a potential risk factor for Bitcoin heading into H2 2026. 

Bitcoin miner stress builds as AI shift accelerates  Miner capitulation is becoming a normal feature of bear cycles. 

In H1, Bitcoin saw notable miner stress as it closed two consecutive quarters in the red. This was significant because estimated production costs were around $78k, while the spot price has dropped below $58k. In simple terms, miners are now producing Bitcoin at a higher cost than its market price, which puts sustained pressure on profitability.

Amid this backdrop, the Bitcoin hashrate rebounded in June, rising sharply and moving back toward late May highs. This suggests a short-term recovery in network activity and miner participation, even as miner economics remain under pressure. Put simply, the move highlights a divergence between near-term network strength and underlying cost stress.

Source: Blockchain Taken together, if this trend continues through Q3, miner rewards will likely come under pressure as higher hashrate increases competition and raises mining difficulty, reducing earnings per unit of hashpower. 

At the same time, this environment can speed up strategic shifts. For larger miners, continued margin pressure increases the need to diversify, including a gradual move into AI and high-performance computing. 

As a result, Bitcoin holdings may increasingly be used as cash to fund these investments rather than being held long term, signaling a structural shift in miner behavior through H2. Riot Platforms’s recent sale of 500 BTC, in this context, may be an early sign of this broader trend as Bitcoin heads into Q3.

Final Summary Miners are under pressure because Bitcoin is now cheaper than the cost to mine it. Some miners are selling BTC and shifting toward AI to fund their business.

While Bitcoin experienced sharp declines in 2026, Jimmy Song, a Bitcoin Core developer and known maximalist, made important statements about BTC and altcoins.

At this point, Jimmy Song argued in his latest interview that Bitcoin is a better currency, not technology, and described all altcoins as scams.

Jimmy Song states that the biggest misconception about Bitcoin is viewing it simply as a technology.

He argues that Bitcoin should be understood not as a better technology, but as a better form of money.

Song, while having unwavering faith in Bitcoin, is vehemently critical of altcoins. He cites Ethereum and Solana as examples, expressing surprise at investors’ indifference to cyberattacks on projects like ETH and SOL. He argues that this attitude shows investors prefer gambling to making money.

Therefore, he claims that all altcoins, including ETH and SOL, are scams.

Despite the declines in Bitcoin, Song states that he still believes it has outperformed altcoins, and that BTC’s ultimate triumph will only be achieved when it becomes the world’s reserve currency.

Song also drew a parallel between the current state of artificial intelligence and Bitcoin’s GPU mining era between 2010 and 2012.

Song argues that the emergence of specialized chips similar to ASICs will significantly increase AI efficiency, and claims that the resources and capital currently concentrated in AI will eventually return to Bitcoin as the most reliable asset.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

CryptoQuant CEO Ki Young Ju stated that for Bitcoin’s price to stage a lasting recovery and firmly return to positive territory, more than $1 trillion in fresh institutional capital would be required. In his July 1 analysis, Ju shared on-chain data highlighting how the amount of capital needed to generate meaningful returns in each Bitcoin cycle has significantly increased over time.

Rising capital requirementsAccording to Ju’s data, a net inflow of $2.7 billion in 2011 coincided with a staggering 55,436% surge in Bitcoin’s price. In the current cycle, a capital influx of $697 billion has corresponded with a 689% price increase. To double Bitcoin’s price from current levels, approximately $101 billion in net inflow is now necessary—dramatically higher than the $5 million needed back in 2011.

Ki Young Ju emphasized that the next parabolic rally will require even deeper allocations to institutional portfolios, arguing that Bitcoin must establish itself as a core macro asset, rather than being relegated to ETF trading alone.

Ju added that if more than $1 trillion in new capital is injected into Bitcoin’s realized market capitalization, another major bull run remains possible. For context, he pointed out that gold’s market capitalization stands at around $27 trillion.

Glossary: “Realized market capitalization” refers to the total value of coins in circulation, calculated based on the price at which each coin last moved. This metric is frequently used to better understand the market’s aggregate cost basis.

PeriodNet inflowPrice increase2011$2.7 billion55,436%Current cycle$697 billion689%Net inflow required to double price today$101 billion2x price targetCapital flows shift toward AIFor now, the institutional capital that Ju deems necessary has not shifted toward Bitcoin. In recent weeks, as gold, silver, and Bitcoin all declined simultaneously, funds moving out of hedge positions have instead gravitated toward artificial intelligence (AI) stocks. Some Bitcoin miners have also redirected computing power to AI hosting services, which offer more predictable revenue than the volatile mining business.

Bitcoin is currently trading near $58,800, over 45% below its October peak above $120,000. U.S. spot Bitcoin ETFs have also seen consistent outflows in recent weeks. According to SoSoValue data, total outflows on June 30 reached $222.64 million, with BlackRock’s IBIT fund alone registering $212.45 million in redemptions.

On-chain signals show mounting sell pressureOn-chain analyst Axel Adler Jr noted in his July 1 report that the 30-day moving average of Bitcoin inflows to exchanges has climbed to 122,000 BTC—52% higher than the roughly 80,000 BTC registered in February. The annual baseline stands at 82,000 BTC, with current values nearing the upper standard deviation band at 131,000 BTC.

The Spent Output Profit Ratio (SOPR), which tracks whether coins are being moved at a profit or a loss, has been below the 1.0 breakeven mark on 37 out of the past 61 days. Adler pointed out that while February also saw similar loss-driven selling, exchange inflows were considerably lower at the time. This correction, he warned, features both higher volumes and more persistent stop-loss selling, amplifying downward pressure.

Axel Adler Jr. observed that the current downturn is more severe than February’s, as the market faces both heightened selling pressure and sustained loss-driven exits simultaneously.

Potential new buyer groupsAccording to Grayscale Research’s Zach Pandl, digital asset treasury companies have been the primary drivers of institutional demand in this cycle. For the next phase, he sees two additional groups as potential major buyers. Grayscale is a leading crypto asset management firm known for its digital asset investment products.

Pandl noted that the first group could be new investors who inherit a portion of the $110 trillion controlled by baby boomers and the silent generation in the coming decades. If just 2% of that wealth flows into crypto assets, it could create $2.2 trillion in new demand. The second group involves corporate treasuries outside the crypto ecosystem—Pandl cited SpaceX, whose 18,712 Bitcoin, valued at approximately $1.4 billion, could serve as a catalyst if the company goes public.

Despite this, there is currently no sign that either of these groups is buying at scale. With AI infrastructure continuing to attract record levels of capital allocation, the trillion-dollar influx that Bitcoin needs appears, for now, to be headed elsewhere.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Ripple Unlocks 1 Billion XRP as the Bearish Nightmare Deepens: What’s Next?

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Altcoins such as Ethereum (ETH) and Ripple (XRP) are tracking Bitcoin’s downward momentum, with ETH confined to the $1,500–$1,600 range and XRP testing critical support at the $1.00 level.

Crypto sentiment remains fragile as capital outflows persistSentiment in the broader crypto market remains significantly subdued, as reflected in the Fear & Greed Index, which holds in Extreme Fear territory at 11 on Wednesday, down from 15 the previous day. Persistently weak risk appetite dampens demand for risk assets and constrains price movement across the market.

Crypto Fear & Greed Index | Source: AlternativeOutflows from US-listed Bitcoin spot Exchange-Traded Funds (ETFs) underscore waning institutional interest, with $223 million withdrawn on Tuesday alone. This marks the ninth consecutive day of net redemptions, reinforcing the ongoing bearish narrative.

Despite the outflows, cumulative inflows remain positive at $51.15 billion, while net assets under management average $70.95 billion.

Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs present a similar grim picture to BTC, with outflows totaling $28 million on Tuesday, down slightly from $30 million on Monday. According to SoSoValue, ETH ETF outflows have persisted for the ninth consecutive day, reflecting ongoing market caution.

Despite the current market headwinds, cumulative inflows hold steady at $10.85 billion, with total assets under management at $8.33 billion, signaling that conviction among long-term investors remains resilient.

Ethereum ETF flows | Source: SoSoValueInterest in XRP spot ETFs took a downturn, with nearly $3 million in outflows on Tuesday, after logging two consecutive days of notable inflows totaling $16 million on Friday and $15 million on Monday.

Cumulative inflows hold steady at $1.48 billion while net assets under management average $944 million, according to SoSoValue data. Appetite for XRP investment products has remained relatively steady despite the headwinds experienced in recent weeks.

XRP ETF flows | Source: SoSoValuePrice analysis: Bitcoin extends losses amid technical weaknessBitcoin trades at above $58,000, keeping a clear bearish bias as price sits well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs).

The Moving Average Convergence Divergence (MACD) histogram remains slightly negative while both lines hover below the zero line on the daily chart, and the Relative Strength Index (RSI) holds near 30, which together suggests persistent but somewhat fatigued downside momentum rather than an imminent bullish reversal.

BTC/USDT daily chartOn the topside, initial resistance emerges at the 50-day EMA near $66,333, with further barriers at the 100-day EMA around $70,124 and the broken descending trendline region close to $75,348, before the broader bearish cap from the 200-day EMA at about $76,174. This is the first time Bitcoin has traded around the $58,000 psychological support since September 2024, underscoring the broader bearish outlook. Other key areas of interest for traders include $56,000 and $52,000, where investors may reengage to increase exposure.

Altcoins technical outlook: Ethereum and XRPEthereum trades at $1,575 maintaining a bearish near‑term bias as the spot price holds well below the key moving averages. The 50‑day EMA at roughly $1,814 sits as the nearest dynamic cap, with the 100‑day EMA around $1,994 and the 200‑day EMA near $2,286 reinforcing a broader downtrend structure.

The MACD histogram has inched into positive territory on the daily chart, hinting at a modest attempt to stabilize, but the RSI hovering in the mid‑30s suggests that rebounds are still occurring within a weak, corrective context rather than a sustained trend reversal.

ETH/USDT daily chartOn the topside, immediate resistance lies at the 50‑day EMA around $1,815. A daily close above this zone would be required to ease the current downside pressure and open the way toward the descending trendline resistance near $1,946. Beyond these barriers, the 100‑day EMA at about $1,994 and the 200‑day EMA close to $2,286 form successive hurdles that would need to be reclaimed to shift the medium‑term outlook back toward a constructive bias. Looking down, trading below the narrow range support at $1,500 could reinforce an extended bearish trend.

XRP trades at $1.04, keeping a bearish near-term tone as it sits well below the 50-day, 100-day and 200-day EMAs clustered from roughly $1.19 to $1.52. The long-standing descending resistance trendline, with a break price around $1.23, continues to cap the broader structure, while the RSI hovering near 33 on the daily chart hints at lingering weak momentum rather than a decisive oversold rebound.

The MACD histogram holds just below zero with a marginally negative reading, suggesting downside pressure is fading but not yet reversed.

XRP/USDT daily chartOn the topside, initial resistance lies at the 50-day EMA near $1.19, with the trendline break area around $1.23 acting as the next barrier if buyers attempt a recovery. Above that, the 100-day EMA around $1.30 forms a more substantial cap, ahead of the 200-day EMA near $1.52, which defines the upper boundary of the broader bearish regime. Conversely, price action below the current area at $1.04 will be driven by whether sellers can extend the current slide or if oversold conditions entice a corrective bounce back toward those overhead EMAs. The next psychological support lies at $1.00.

(The technical analysis of this story was written with the help of an AI tool.)

Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.

Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.

Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.

The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.

CSWAP has highlighted a new integration aimed at simplifying how Bitcoin holders can participate in decentralized finance on the Cardano network.

The update follows an announcement from BTC Karma, CSWAP’s Bitcoin-native DeFi protocol, confirming support for the Phantom Wallet. With the integration now live, Bitcoin users can connect their Phantom wallets directly to BTC Karma and stake BTC in just a few clicks.

According to BTC Karma, the new wallet support removes onboarding friction and creates a more straightforward path for Bitcoin holders seeking yield opportunities through decentralized finance applications.

CSWAP Positions Wallet Expansion as a Liquidity Gateway Following the announcement, CSWAP emphasized the broader importance of the integration for the Cardano ecosystem. 

The protocol noted that every additional wallet it supports lowers the barriers that prevent Bitcoin liquidity from flowing into Cardano-based applications. Consequently, the addition of Phantom support marks another step toward attracting the next generation of Bitcoin DeFi users. 

“Every wallet we support makes it easier for Bitcoin liquidity to enter the Cardano ecosystem,” CSWAP remarked. 

CSWAP CEO Hints at More Integrations Reacting to the launch, CSWAP founder and CEO Jon Kravetz reiterated the team’s commitment to expanding BTC Karma’s reach across additional wallets and user communities.

He described the Phantom integration as part of a broader effort to extend the BTC Karma ecosystem across the cryptocurrency industry. Furthermore, Kravetz hinted that the team is already developing additional integrations, signaling plans to continue lowering entry barriers for Bitcoin holders interested in Cardano’s DeFi opportunities. 

Just added @phantom wallet support on @btc_karma.

We're spreading good $KARMA far and wide.

We're turning bitcoin…in to productive capital one wallet at a time. (There's more coming!) https://t.co/npV7lJoNyQ

— 🪏Jon Kravetz (@CSWAP_Destroy) June 30, 2026

For context, BTC Karma is widely regarded as the first Bitcoin-native DeFi protocol operating directly on the Cardano mainnet. The platform serves as a bridge, allowing Bitcoin holders to earn yield and receive new tokens while participating in the Cardano ecosystem.

Notably, the protocol’s design aligns closely with Cardano founder Charles Hoskinson’s vision of bringing idle Bitcoin capital into the ADA ecosystem. Hoskinson argued that Cardano can unlock more than $2 trillion in Bitcoin DeFi opportunities, stressing that the network has a strong chance of becoming a major player in the emerging sector.

Cardano Continues to Expand Its Bitcoin DeFi Ambitions Meanwhile, Cardano continues to advance its broader DeFi strategy through several processes, including Bitcoin integration initiatives.

Earlier this year, Fluid Tokens completed the first atomic swap between Bitcoin and Cardano, demonstrating growing interoperability between the two networks. In addition, Cardano previously introduced its first Bitcoin DeFi protocol, Cardinal, which allows BTC holders to bridge and stake their assets without selling them.

Hoskinson also revealed plans earlier this year to launch a one-click Bitcoin yield system on Cardano before year-end. However, the project has yet to provide an update on its progress.

In the meantime, competition in the Bitcoin DeFi sector continues to intensify, with rivals such as Flare arguing that they are better positioned to lead the race for Bitcoin-based decentralized finance. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Cardano appears to be breaking out against Bitcoin, as its price has considerably outperformed the apex cryptocurrency in the past few days.

Cardano (ADA) is having a good start to July, bouncing 4% already today to reclaim $0.150. This is a positive sign considering the altcoin dumped 38% in June, its worst monthly performance since November 2018.

The uptick comes after days of consolidation at a key support level around $0.140. This rebound against the USD pair and its recent performance against Bitcoin is beginning to look like the start of a sustained move to higher prices.

ADA/BTC Chart Turns Bullish The daily ADA/BTC chart shows a clear disparity between the two assets’ price trends in the past few days. While Bitcoin has trended lower, Cardano has gained strength and moved in the opposite direction.

Over the past three days, ADA has gained against Bitcoin. After a mild 0.41% increase on Monday, the ADA/BTC pair rose by 1.65% on Tuesday and an impressive 3.66% so far today. This price trend is reflected in the 4% Cardano rise and nearly 1% Bitcoin drop in the past 24 hours.

ADA/BTC Breaking Out Typically, Bitcoin controls the mood of the broader crypto market. Its drop or increase has a ripple effect on altcoins, forcing them to follow its trend in most cases.

As such, the Cardano breakout against BTC is significant. It suggests that ADA could continue to gain strength regardless of Bitcoin’s trend. This could see the altcoin target higher prices if momentum sustains, even if the broader market is bearishly biased.

Resistance Levels Ahead However, the ADA/BTC pair has clear resistance levels ahead. Currently at 0.00000255, it trades exactly at the 20-day exponential moving average (EMA). This dynamic supply zone forced the pair lower in early June, following the rejection at 0.00000325.

How ADA/BTC reacts around this EMA would determine its next direction. A sustained trend above this level would confirm the breakout, while a rejection would form another lower high and kickstart another leg down.

Higher EMAs like the 50-day, 100-day, and 200-day are at 0.00000279, 0.00000310, and 0.00000369, respectively. They are also areas of interest if the upward momentum endures.

Cardano Volume Spikes 60% as Momentum Returns Following the rally to reclaim $0.150, trading activity has increased 60% over the past 24 hours to $471.3 million, signaling growing market participation.

Open interest has also improved 1.43% to $371 million, showing emerging derivative interest. The slight uptick in OI shows that the recent increase is not derivative-driven but rather the momentum from dip-buying among spot traders.

Cardano Derivative Data/Coinglass Coinglass’s Cardano spot flows activity confirms this. Over the past 24 hours, exchange outflows have surpassed inflows, with the former at $29.13 million and the latter at $28.55 million.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

US-listed Bitcoin (BTC) exchange-traded funds (ETFs) recorded $4.5 billion in net outflows during June 2026. This was the worst monthly figure since the products launched in January 2024.

The redemptions coincided with a sharp price decline. Bitcoin fell 20.48% over the month, its steepest monthly drop since June 2022, when the asset shed 37.28% during that cycle’s collapse.

IBIT Leads the Institutional RetreatJune’s outflows broke the previous monthly record of $3.56 billion, set in February 2025 during an earlier stretch of market stress.

Follow us on X to get the latest news as it happens

Bitcoin ETF Monthly Flows. Source: SoSoValueBlackRock’s iShares Bitcoin Trust (IBIT) accounted for the bulk of the outflows. The fund alone shed $3.55 billion, close to 79% of the category’s total redemptions.

That concentration is striking. IBIT’s single-fund outflow nearly matched the entire category’s prior monthly record on its own.

The price data reinforces the pressure. Bitcoin closed four of 2026’s first six months in negative territory, with June’s 20.48% decline the deepest of the year.

How Crypto ETFs Performed in June 2026The weakness extended beyond Bitcoin, though the scale varied across categories. Ethereum (ETH) ETFs posted $528.99 million in June outflows, SoSoValue data showed.

Solana (SOL) ETFs recorded net outflows of roughly $786,580. The figure is small, but it marks the first monthly outflow for Solana ETFs since their launch, ending a run of positive months.

Top Crypto ETFs Performance in June. Source: BeInCryptoNot every category turned negative. XRP (XRP) ETFs drew $59.46 million in net inflows during June, holding positive despite the broader downturn.

Hyperliquid (HYPE) ETFs led the group with $161.05 million in inflows, the strongest June showing across the products.

The split suggests capital rotated within crypto rather than exiting entirely. Newer altcoin products absorbed fresh money even as the two largest categories saw sustained redemptions.

Whether that rotation hardens will depend on how Bitcoin trades in July, since a price rebound could pull capital back toward the incumbents.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Table of contents

Here is a story that got buried under all the Bitcoin doom this week, and it is a genuinely exciting one. While everyone was watching Bitcoin slide below $60,000, Wall Street and the world’s biggest payment companies were quietly moving billions of dollars onto one network: Solana. And SOL is showing it, sitting at $74.77, up 6.5% on the week, the only major coin in the green while everything else bleeds (live SOL price on CoinGecko). Let me tell you what is actually happening here, because it is a big deal.

The quiet takeover A new report from crypto research firm Messari laid it out plainly: Wall Street and payment giants are quietly taking over Solana, moving billions onto the network for tokenized funds and global payments, even as the broader crypto market cools. Read that again. While the market panics about price, serious institutions are building on Solana in the background.

This is the kind of thing that matters far more over time than any weekly candle. When the market is fearful and prices are down, that is exactly when you find out who is building for real. Right now, the answer is that major financial and payment players are choosing Solana, and they are not doing it for a quick trade. They are moving infrastructure and real money onto the network. That is conviction, and it is showing up in SOL’s price strength this week.

The numbers behind the strength So what is actually driving this? Some genuinely impressive, specific data.

Start with tokenized stocks, real equities represented on-chain. Solana absolutely dominates this sector, capturing an overwhelming 95% of tokenized equity trading volume across all blockchains, amounting to a record $1.29 billion. When it comes to bringing traditional stocks onto a blockchain, Solana is not just winning, it is the whole game. That is one of crypto’s most promising real-world use cases, and Solana owns it.

Then there is the parade of adoption. MoneyGram became a Solana validator, running network infrastructure. South Korea’s KG Group picked Solana for a digital asset payments push. The World Series of Poker integrated Solana payments for tournament buy-ins. Morgan Stanley amended its Solana ETF filings to reveal record-low 0.14% fees, potentially the cheapest crypto ETFs anywhere. And Moody’s launched credit ratings for Solana tokenized assets, a serious step toward institutional adoption. Every one of these is a real company choosing Solana.

The ETF and tech backbone On top of the adoption wave, the structural stuff keeps working in Solana’s favor. Solana’s spot ETFs launched with staking enabled, passing yield to investors, something Bitcoin and Ethereum ETFs simply cannot offer. In a market where money is fleeing non-yielding products, an ETF that actually pays a yield stands out, and CoinShares data shows investors rotating into SOL and XRP products while Bitcoin and Ethereum funds saw heavy outflows.

And the technology keeps advancing. The Alpenglow consensus overhaul is live on a test cluster, pushing toward dramatically faster finality, and the Firedancer engine from Jump Crypto keeps progressing toward better speed and reliability. The network handled over 103 million transactions daily with millions of active users. The usage is real, and it is growing while the price of everything else falls.

Now the honest part I am genuinely excited about Solana, but I owe you the balance. SOL being green this week does not make it bulletproof. It is still part of a crypto market having a rough stretch, and if Bitcoin cascades toward the $54,000 to $56,000 zone that some analysts warn about, Solana would very likely get pulled down with it. Relative strength is not immunity, and SOL is testing resistance near $78 that it has struggled to break, with risk of a pullback toward $63 if the breakout fails.

There is also the reminder that some of Solana’s activity is speculative and can cool quickly. So enjoy this genuine momentum, but stay grounded. The institutional adoption is real and encouraging; the macro storm has not fully passed.

The levels worth watching On the downside, $70 is the first support, with the $66 to $67 zone beneath it. Staying above $70 keeps this leadership story alive. On the upside, the big test is $78, the resistance SOL is pressing against now. Clear it convincingly and the path toward $85 opens up. A failure there risks a retreat toward $63.

Bringing it together Solana at $74.77 is the standout of the market, the only major coin in the green this week, and for a genuinely good reason: Wall Street and payment giants are quietly moving billions onto the network while everyone else watches Bitcoin fall. Between 95% dominance in tokenized stocks, a parade of institutional adoption from MoneyGram to Morgan Stanley to Moody’s, staking-enabled ETFs drawing flows, and the Alpenglow and Firedancer upgrades advancing, SOL has real, specific reasons for its strength.

Just stay grounded. Solana is leading, not escaping, and a deeper Bitcoin drop would test the $78 resistance and the $70 support. But if you have been searching for a real reason for optimism in a grim market, a network that Wall Street is quietly taking over is about as good as it gets. Watch $78 above and $70 below, and enjoy this rare and well-earned patch of green.

FAQ What is the Solana price today?

Solana is trading at $74.77 on July 1, 2026, up 6.5% on the week, making it the only major coin in the green while Bitcoin trades below $60,000 and most of the market falls.

Why is Solana outperforming other coins?

A Messari report shows Wall Street and payment giants quietly moving billions onto Solana for tokenized funds and payments. Solana also dominates tokenized stock trading with 95% market share, and has drawn adoption from MoneyGram, Morgan Stanley, KG Group, and Moody’s.

What is Solana’s tokenized stock dominance?

Solana captured 95% of tokenized equity trading volume across all blockchains, a record $1.29 billion. Tokenized stocks bring real equities on-chain, one of crypto’s most promising use cases, and Solana leads the sector overwhelmingly.

What are the key Solana levels to watch?

Support is $70, with the $66 to $67 zone below it. The key resistance is $78, which SOL is pressing against. Clearing it opens the path toward $85, while a failure risks a retreat toward $63.

Is Solana safe from the broader crash?

No. Solana is outperforming but still part of a weak market, and a deeper Bitcoin drop toward $54,000 to $56,000 would likely pull it lower. It is also testing resistance at $78 with pullback risk. Relative strength is not immunity. This is not investment advice.

This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.

Bitcoin (BTC) buyers in the United States have gone quiet. The Coinbase Premium Index, a gauge of US Bitcoin demand, has stayed negative since May 6, its longest weak stretch in more than a year.

The signal matters because it shows who is stepping back. A negative premium means American investors are paying less for BTC than the rest of the market. That helps answer why is Bitcoin going down.

What the Coinbase Premium Is ShowingThe index tracks the price gap between US-based Coinbase and offshore exchanges. When it turns negative, US Bitcoin demand is fading. When it climbs, American buyers are leading.

Coinbase Premium Index: CryptoQuantRight now it is stuck below zero. The current negative premium streak began on May 6, with Bitcoin near $81,429, and has held for roughly eight weeks. That is the longest such run since early 2025.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Since then, the Bitcoin spot price has slid toward $59,500, down about 27% and still falling.

Where Is Bitcoin Money GoingThe weak US Bitcoin demand lines up with a historic move in stocks. American money is not sitting idle. It is chasing chips.

The semiconductor index has beaten the S&P 500 by about 85 percentage points this year, its widest first-half lead on record, according to Kobeissi. That tops the dot-com peak of 2000.

US chip stocks are on a historic run:

The semiconductor index, $SOX, has outperformed the S&P 500 by +85 percentage points year-to-date, on pace for the best half-year outperformance in history.

This would exceed the previous record set during the Dot-Com Bubble in H1 2000 by… pic.twitter.com/Qdah3TVmgr

— The Kobeissi Letter (@KobeissiLetter) June 30, 2026 Chips now dominate the market. Semiconductors make up roughly 18% of the S&P 500 and have driven close to 70% of its 2026 gains, data shows. Micron has jumped about 300% and SanDisk more than 760%.

The rotation is visible in fund flows. Since April, US gold and Bitcoin ETFs have lost about $12 billion, while chip ETFs pulled in around $20 billion.

Retail investors appear to be rotating out of gold and Bitcoin into semiconductor stocks:

Since April, US gold and Bitcoin ETFs have posted -$12 billion in cumulative outflows.

Over the same period, US semiconductor ETFs have attracted +$20 billion in cumulative inflows.

This… pic.twitter.com/VHuDTB0nyN

— The Kobeissi Letter (@KobeissiLetter) June 27, 2026 BlackRock’s iShares Bitcoin Trust (IBIT), the largest bitcoin fund, led June’s record ETF outflows, the worst month since spot ETFs launched.

The January WarningThis is not the first time US Bitcoin demand vanished this year. The pattern already played out once.

Bitcoin’s premium turned negative around January 15, when BTC traded near $95,583. By the time that streak ended on February 24, Bitcoin had crashed to about $64,100.

Coinbase Premium Index January: CryptoQuantThat was a drop of roughly 33% in six weeks. The current slump is longer and shows the same fading US demand.

One Caveat Before the PanicThere is a catch to the rotation story. Bitcoin and the Nasdaq usually move together, with a six-month correlation near 0.46. That link normally means both rise and fall on the same macro forces.

BTC-NASDAQ Correlation: Charlie Quant LabThis year, though, the two have split but the correlation stays intact. Bitcoin is down about 33% in 2026, while the tech sector has gained more than 20% in the first half.

Tech 6-Month Performance: FinVizThe reason for the gap points straight back to chips. Semiconductors drove close to 70% of the market’s 2026 gains, so this tech rally is really a chip rally. In other words, the asset class Bitcoin usually tracks is being lifted by the exact sector US buyers are moving into.

That is why the split matters. When a normally correlated pair breaks apart this far, capital moving from one into the other is the simplest explanation.

What Happens NextBitcoin’s next move may hinge on US buyers. If the premium stays negative and chip inflows continue, the path of least resistance points lower for BTC. The January-February price slump of 33% shows that BTC can still correct further.

Yet, a flip back to positive would be the first real sign that domestic BTC demand is returning. Until then, the January script remains the one to watch.

Bitcoin has been struggling to recover after falling from $64,669 last month and is now trading near $58,669. As the market remains highly volatile, analysts warn that Bitcoin’s next liquidity move could trap both bulls and bears. 

While one group sees a short squeeze pushing BTC toward $62,000, others believe the market may first revisit the $50,000 liquidity zone before the next major rally begins.

$62K Holds the Biggest Short Liquidation TargetLooking at the Bitcoin Exchange Liquidation Map, market analyst Seth believes Bitcoin Price has already cleared one important liquidation zone. When Bitcoin recently fell to around $57,800, nearly $1.16 billion worth of leveraged long positions were liquidated. 

According to Seth, that liquidity has now been “grabbed,” meaning that overleveraged longs trader taken out.

After the recent bounce to near $59K, Seth believes many traders are again trying to buy the bottom. The chart shows another $1.16 billion worth of leveraged long positions building around the $57.8K level, meaning traders are once again betting that Bitcoin has found a bottom.

Now that the $58K Bitcoin long liquidation has been grabbed.

New degens are trying to catch the bottom with 100x and $1.16B has been added around $57.8K.

But when the degens give up, MM will be looking at the $4.14B in short liquidation at $62K BTC. pic.twitter.com/NtWnK9Dn41

— Seth (@seth_fin) June 30, 2026 Seth calls these traders “degens” because many are using extremely high leverage, sometimes as much as 100x.

However, Seth says the much bigger opportunity sits above the market. Around $62,000, there is nearly $4.14 billion in cumulative short liquidations. If Bitcoin climbs into that zone, short sellers may be forced to buy back their positions, pushing the price even higher.

Bitcoin to Visit $50K, Before Rally BeginsAdding another perspective, crypto trader SantinoCripto analyzed Bitcoin’s 1-day liquidation heatmap and highlighted another key signal. According to him, the largest concentration of liquidity is currently sitting between $50,000 and $57,000, making this one of the most important price zones to watch in the coming weeks.

As per his analysis, markets often move toward areas where the most liquidity is concentrated, making it likely that Bitcoin could revisit this zone over the next one to two months. 

If that happens, the $50,000-$52,000 range could become the new bear market floor. 

Supporting this view, crypto analyst Ali Martinez noted that a drop to $50,000 would liquidate nearly $70 million worth of long positions, which could increase selling pressure before the market finds a stronger bottom.

History Still Favors Bitcoin in July, With an Average of 7% ReturnDespite the short-term uncertainty, historical data remains positive. Looking at the Bitcoin monthly return chart, BTC has finished July in positive 9 out of the past 13 years, with an average monthly return of around 7%.

Crypto researcher Fleh remains bullish, saying Bitcoin’s monthly Binance liquidation heatmap shows significant short liquidity above current prices. One major cluster sits near $67,645, containing roughly $247 million in liquidation leverage and about $2.26 billion in cumulative short liquidations.

July is going to be a bullish month

There is so much liquidity sitting to the upside

I think $BTC bottoms here at 60k for now targeting 75k to the upside before any chance of lower

Enjoy the rollercoaster pic.twitter.com/ux5XCMcjp2

— fleh (@cryptofleh) June 26, 2026 Based on that liquidity, Fleh believes Bitcoin could first recover toward $75,000 before any larger correction has a chance to develop.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

President Donald Trump disclosed at least $1.4 billion in income tied to crypto during 2025, making digital assets the largest reported source of revenue across his business holdings.

The figures were included in a 927 page annual financial disclosure received by the US Office of Government Ethics on June 29. The report covers income generated through companies and trusts connected to Trump, though some entities also include ownership interests held by family members.

CIC Digital, an entity wholly owned by the Donald J. Trump Revocable Trust, reported about $635.1 million in royalties from a licensing agreement with Celebration Coins. The company also disclosed Bitcoin holdings valued above $50 million, along with Ethereum and USDC wallets valued between $5 million and $25 million each.

Advertisement

CIC Digital reported an additional $510,808 in Ethereum staking rewards and $45,932 in interest from its USDC holdings. The entity manages licensing fees related to Trump branded nonfungible tokens and meme coins.

World Liberty Financial related holdings generated more than $592 million across token distributions and an equity sale, according to the filing. The disclosure included $236.3 million from token sales, $65.6 million from the sale of an interest in WLF Holdco and additional distributions paid through wallets holding Bitcoin, Ethereum, USDC and other tokens.

Trump also disclosed $196.9 million in proceeds from new capital contributions and the sale of units in Stablecoin Holdco. The stablecoin business generated a further $8.3 million in operating income and was valued between $5 million and $25 million in the filing.

The crypto income far exceeded revenue from Trump’s traditional properties. Mar-a-Lago generated about $77.5 million in resort revenue, while his golf club in Bedminster, New Jersey, reported $37.6 million.

The disclosure offers the most detailed account yet of how significantly Trump’s business interests have shifted toward digital assets. It also renews scrutiny of potential conflicts as his administration shapes policies affecting stablecoins, crypto markets and financial regulation.

Trump transferred several holdings into his revocable trust, of which he remains the sole beneficiary, rather than selling the assets or placing them in an independently managed blind trust. The Office of Government Ethics concluded that the filing complied with applicable disclosure laws and regulations.

The report comes as Bitcoin continues to show signs of weakness after weeks of declines, trading near $58,500 and close to its yearly low of about $58,000, while remaining more than 53% below its record high of roughly $126,200 reached last October.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

This site is protected by reCAPTCHA.

The first half of 2026 has been the biggest fundraising stretch in the short but explosive history of US spot Bitcoin ETFs. Cumulative net inflows since the vehicles launched in January 2024 now surpassing $58 billion.

The numbers behind the record run On January 2 alone, US crypto ETFs attracted nearly $670 million in fresh capital. Bitcoin-specific products accounted for $471 million of that haul, with BlackRock’s iShares Bitcoin Trust (IBIT) pulling in approximately $287 million to lead all issuers.

January also delivered one of the most remarkable single-day performances in ETF history. Inflows hit $843.6 million in a single session, the highest figure since October 2025. That day anchored a three-day streak that totaled $1.71 billion.

Advertisement

April turned out to be the real standout month. Bitcoin ETFs posted their strongest monthly inflows of 2026, landing somewhere between $1.97 billion and $2.44 billion — again, the best performance since October 2025.

The usual suspects led the charge. BlackRock’s IBIT continued to dominate in terms of raw inflows. Fidelity’s FBTC and Bitwise’s BITB also captured meaningful market share. Grayscale’s GBTC, the converted trust that has functioned as a slow-motion outflow machine since the ETF conversion, continued to see capital leave, though at a less dramatic pace than in 2024.

The May speed bump From mid-May to early June, Bitcoin ETFs suffered their longest outflow streak of the year. Over 13 consecutive trading days, roughly $4.4 billion exited these products. The streak finally broke on June 5, when flows turned positive again with a modest net inflow of $3.05 million.

A 13-day outflow streak that erased $4.4 billion represents a fraction of the $58 billion in cumulative inflows these products have absorbed since inception.

What this means for investors ETF flows have become one of the most reliable demand signals in the Bitcoin market. Unlike on-chain metrics that require interpretation, or futures data that reflects leveraged speculation, ETF inflows represent actual dollars from actual institutions buying actual Bitcoin exposure through regulated channels.

BlackRock’s IBIT has established itself as the dominant product. Fidelity and Bitwise have carved out meaningful positions as alternatives. Grayscale continues to lose ground, a slow unwinding that began when GBTC converted from a closed-end trust to an ETF and investors finally got the chance to exit positions they’d been locked into for years.

As May demonstrated, these products are not immune to drawdowns. A $4.4 billion outflow streak over 13 days can create meaningful selling pressure on Bitcoin’s spot price, since ETF issuers must buy and sell actual Bitcoin to match fund flows.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.