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One crypto analyst suggests that Bitcoin long positions may "become viable" once the long-term seller supply increases again.
Bitcoin dropped by 9.7% and ether declined by 14.7% as Trump initiated a trade war with tariffs on Canadian and Mexican imports coming into effect on Tuesday. An analyst stated that Trump's stringent tariff measures have "further fueled risk-off sentiment."
President Trump's announcement regarding a U.S. Crypto Strategic Reserve sent prices soaring across the crypto industry, boosting the total industry market cap by nearly 20% since its recent lows on Friday. Cardano, XRP, Trump's memecoin, and Solana were the best performing coins over the past 24 hours; BNB rose the least out of the top 10 cryptocurrencies by market cap.
US spot bitcoin ETFs experienced a total daily net outflow of $1 billion, excluding flow data from Ark Invest’s ARKB. During their six-day streak of negative flows, these ETFs saw over $2 billion withdrawn from the products. Analysts suggested that the rebalancing of institutional investors’ positions in the ETFs might have contributed to the record-high outflows.
The sentiment in the crypto market plummeted to "Extreme Fear" following US President Donald Trump's announcement that 25% tariffs against Canada and Mexico are proceeding as planned.
Bitcoin traders are concerned about a return to the lower end of the BTC price range as market inertia allows bears to maintain control approaching the monthly close.
Bitcoin is finally exhibiting behaviour similar to stocks and gold, approaching near all-time highs as BTC price action resumes.
Bitcoin is mirroring gold's price growth path, increasing the likelihood of achieving price targets exceeding $300,000.
World Liberty Financial utilised its USDC reserves to acquire $1.4 million in MOVE and $5 million in wrapped BTC. Additionally, it staked 2,221 ETH with Lido Finance and deposited 5 million USDC into Aave’s lending protocol.
- 14:42Fidelity's Ethereum-based tokenized fund surpasses $250 million in scale, with a 15% monthly growthJinse Finance reported that Fidelity's Ethereum-based tokenized US Treasury fund has grown by 15% in the past month, with its scale surpassing $250 million. According to the report, 2025 is considered the year of RWA, and the total on-chain value of RWA has now exceeded $3.6 billion, more than doubling since the beginning of this year. This market consists of tokenized US Treasuries, bonds, and private credit. Among them, private credit accounts for more than half of the industry's market value, reaching $1.87 billion. In terms of how these assets are tokenized, Ethereum holds a dominant position, with $1.16 billion worth of risk-weighted assets (RWA), accounting for more than 63.7% of the industry's total.
- 14:20WBTC officially listed on JustLend DAOAccording to ChainCatcher, official sources report that WBTC has now officially launched on JustLend DAO. Users can now deposit or borrow WBTC on the platform, unlocking more efficient asset strategies and diversified yield combinations. This move not only injects the liquidity of a top global crypto asset into the TRON ecosystem, but also expands the strategic dimensions of on-chain finance, providing community users with richer earning opportunities and more flexible asset portfolio options.
- 14:20Data: Early Ethereum whale deposits 1,000 ETH to CEX, worth approximately $3.03 millionAccording to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that an early Ethereum whale deposited 1,000 ETH to a CEX half an hour ago, worth $3.03 million. In the past month, he has cumulatively sold 10,500 ETH through exchanges and on-chain, with a total value of $35.39 million. He currently still holds 110,081 ETH, with a total value exceeding $335 million.