Bitcoin saw sharp volatility over the weekend, briefly falling to $74K after dropping roughly 4% late Friday before fully recovering on news that the U.S. is nearing an agreement with Iran and other Middle Eastern countries. HYPE and ZEC continue dominating market narratives, while S&P 500 futures trade near ATHs and crude oil has fallen 8% since Friday.

Flows rotated away from majors. Investors pulled over $1B from Bitcoin ETFs and $215M from Ether products, while capital shifted into select altcoins. HYPE spot products attracted roughly $72M, with XRP and SOL ETFs also seeing inflows. Tether and the Georgian government announced plans for a GELT stablecoin representing the Georgian lari under the country’s digital asset framework. Vitalik Buterin signaled the Ethereum Foundation will become a “smaller ship” and reduce ETH sales amid ongoing researcher departures.

On the policy side, the SEC delayed its expected exemption framework for tokenized assets, while the House Oversight Committee launched an investigation into Polymarket and Kalshi over potential use of insider government information. A new strategic Bitcoin reserve bill was also introduced, proposing a 1M BTC acquisition target alongside a 20 year lockup period.

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Bitcoin remains stuck in a broader consolidation range after failing to sustain momentum above the recent highs around $80K to $82K.

Current structure looks neutral to slightly bearish short term:
• Open interest remains elevated around 254K BTC, meaning positioning is still crowded
• Coinbase Premium is deeply negative and continues trending lower, showing weak U.S. spot demand
• CVD remains negative across most major exchanges, especially Binance and Bybit, suggesting sellers are still more aggressive than buyers in derivatives markets

Despite the recent bounce attempts:
• BTC has not seen strong spot bid support
• Most recent upside moves were largely driven by perp positioning rather than organic spot accumulation
• Market still appears highly reactive to macro headlines and broader risk sentiment

For now BTC looks rangebound between roughly $76K and $80K.

A break above local resistance could shift momentum back bullish, while losing the mid $70K region would likely invite another wave of long liquidations.

Total Market Cap: 2.58T (+0.78% weekly)
BTC Dominance: 60.0%
Fear and Greed Index: 30 (Fear)

• Vitalik says Ethereum Foundation will become a “smaller ship” and sell less ETH

• Bitcoin trades above $77K as oil slide lifts equities

• Analysts say ETF outflows signal rotation, not institutional exit

• Tether and Georgia plan GELT stablecoin tied to the lari

• HYPE funds attract millions as investors dump BTC and ETH ETFs

• Bitcoin OG moves 2,650 BTC

• OKX and ICE partner on oil commodity perpetuals

• Robinhood Crypto COO exits amid revenue slowdown

• SEC delays tokenized asset exemption framework

• Congress probes Polymarket and Kalshi over insider trading concerns

• ECB warns easing euro stablecoin rules could weaken banks

• New strategic Bitcoin reserve bill proposes 20 year lockup

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