adminIn recent developments, crypto majors slid sharply, reversing all of last week’s gains, with BTC down 6% to $85,800, ETH down 6% to $2,820, BNB falling 7% to $822, and SOL dropping 7% to $127. Among top movers, MYX (+15%) and JST (+4%) led the market. More than $650 million in positions were liquidated over the past day, including $580 million in longs after BTC dipped below $86,000. ZEC suffered the steepest decline among major tokens, falling 20% to $355 and 35% on the week. Meanwhile, Tether founder Paolo Ardoino again addressed the latest wave of Tether FUD, reiterating that the company is not at risk of insolvency. In regulatory developments, China’s central bank reaffirmed that crypto remains illegal and signaled a coming crackdown. Robinhood announced a partnership with Susquehanna to launch a new CFTC-licensed exchange, paving the way for a major expansion into prediction markets. Pavel Durov revealed Cocoon, a new decentralized confidential compute network where GPU operators earn TON rewards. JPMorgan also entered the spotlight with a new structured BTC-linked product that offers investors a minimum 16% yield—up to 50% depending on BTC’s performance—with downside protection of up to 30%.
Looking closer, market participants highlight key drivers such as liquidity flows, macro risk appetite, regulatory headlines, and on-chain activity. Short-term swings often reflect liquidation cascades and funding imbalances, while spot volumes and exchange inflows set the broader tone.
Analysis: The medium-term picture hinges on whether buyers can sustain momentum without excessive leverage. If flows continue favoring majors like BTC and ETH, altcoins could experience a staggered rotation instead of a broad-based rally. Meanwhile, policy clarity in key jurisdictions remains a decisive catalyst; clearer rules typically compress risk premia and attract institutional allocations. Beyond price action, on-chain metrics such as active addresses, fees, and stablecoin velocity help validate trend strength.
Outlook: Over the next few weeks, observers will watch price acceptance above recent resistance, derivatives positioning, and ETF-related flows. A constructive setup would feature rising spot demand, contained leverage, and improving breadth across sectors such as DeFi, infrastructure, and Layer-2 ecosystems.
Original source: link
