
Tech • IA • Crypto
Bitcoin is showing clear signs of weakening demand, highlighted by roughly $600 million in ETF outflows in a single session. This reversal marks a shift from earlier institutional accumulation and signals reduced liquidity entering crypto markets. At the same time, stablecoin inflows are declining, reinforcing the demand slowdown. The data suggests a short-term cooling phase for digital assets.
Crypto markets saw approximately $400 million in liquidations, including $338 million in long positions. Bitcoin (BTC) and Ethereum (ETH) led the sell-off alongside widespread altcoin losses. The flush follows overcrowded bullish positioning driven by speculative momentum. The event underscores fragile market structure and heightened volatility.
U.S. consumer price inflation (CPI) came in at 3.8%, slightly above the 3.7% forecast, with monthly readings near expectations. While the miss is marginal, it reinforces concerns that disinflation is slowing. Markets now face prolonged uncertainty around policy easing. The data keeps pressure on risk assets sensitive to interest rates.
Producer price index (PPI) surged to 1.4%, far above the 0.5% expected, with core PPI at 1% vs 0.3% forecast. The sharp upside surprise points to persistent upstream inflation pressures. Such readings typically feed into consumer prices over time. The data complicates expectations for near-term rate cuts.
A widening gap has emerged between Bitcoin and the Nasdaq, which continues to reach new highs. Equity markets are fueled by strong earnings expectations and AI-driven demand, while crypto lags. This divergence highlights shifting capital allocation away from digital assets. Investors appear to favor traditional tech exposure over crypto risk.
A Bitcoin-linked product associated with Michael Saylor is offering 11.5% annual returns, attracting $8.5 billion in inflows. However, estimated payout obligations near $1.5 billion annually raise sustainability concerns. The underlying business generates insufficient revenue to support distributions. This creates reliance on new capital or Bitcoin price appreciation.
Crude oil has climbed from $98 to $102, reclaiming the key $100 level. Sustained strength in energy prices risks feeding additional inflation into the economy. Technical signals suggest potential upside toward $115. Higher oil prices could further strain both macro conditions and risk assets like crypto.
Altcoins are undergoing a critical retest after breaking out of a consolidation range. Key support sits around $182–$188 billion in total market capitalization. A breakdown could trigger broader downside continuation, while holding may allow short-term recovery. Current structure does not yet confirm a durable long-term bottom.