Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Bitcoin held its footing as Hong Kong began its business day, trading above $91,000, after the Federal Reserve cut rates by 25 basis points and acknowledged elevated uncertainty around the U.S. outlook. The calm reflects more than centr ...

🚨 UPDATE: Bitcoin supply on exchanges dropped by 403.2K $BTC over the past year, signaling reduced selling pressure and lower risk of major sell-offs, per Santiment. https://t.co/ik1WTK7062 ...

The intense selling pressure that has weighed on Bitcoin in recent weeks looks to be easing, raising hopes that the token’s brutal slide is nearing an end https://t.co/xGTB1Gnz4i ...

🚨 NEW: Bitcoin struggling to hold overhead resistance as long-term holders add selling pressure and rising US dollar strength dampens risk appetite.What's really holding $BTC back? https://t.co/Wx1wo6GOxM ...

Core Insights - Solana (SOL) is experiencing renewed selling pressure, declining from $160.72 to $152.81, a drop of 4.9%, despite ongoing institutional support through exchange-traded fund (ETF) products [1] - The selling intensified due to a scheduled token unlock from Alameda Research and the FTX estate, releasing approximately 193,000 SOL tokens valued at $30 million [2] - Institutional demand remains strong, with Solana spot ETFs recording inflows of $336 million over the past week, marking the tenth consecutive day of inflows [3] Supply and Demand Dynamics - Alameda's systematic token releases create predictable selling pressure, while institutional flows provide underlying support, placing SOL in a challenging position [4] - The bankruptcy estate holds around 5 million tokens in locked or staked positions, with smaller monthly unlocks continuing through 2028 [4] Technical Analysis - A 60-minute analysis indicates bearish momentum as SOL breaks critical support at $156, with a significant volume spike during the breakdown [5] - This technical failure confirms earlier support breaches and establishes a descending channel targeting the $152.50-$152.80 demand zone [6] - Key technical levels indicate a consolidation phase for SOL, with primary support at the $152.80 demand zone and immediate resistance at $156 [7]

⚠️ Risk Reality Check:Post-airdrop selling pressure hits hard: Jelly-My-Jelly drops 52% in 24h after claims open. Audiera's $1.05B volume on 11% gain (volume 50x larger than $21.2M market cap) signals rotation, not conviction. High volume on decliners (JELLYJELLY, Humanity Protocol -55%) indicates exit liquidity. Dynamic thresholds create timing decisions, waiting for lower thresholds risks pool emptying before you claim.6/7 ...

🔥 BULLISH: Selling pressure has subsided, per Glassnode. https://t.co/L1BTXiaFjb ...

Market Dynamics - $1.64 billion worth of $BTC (Bitcoin) left spot exchanges in the past 30 days [1] - Approximately 16.4 亿美金的比特币从交易所流出，表明抛售压力降低 [1] Trading Signals - Reduced selling pressure indicated by the outflow of $BTC from exchanges [1]

Market Trends - Ethereum's rally faces resistance due to early selling pressure in the Asian market [1]

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