$968m in ETH derivatives sold in a single hour on binance. 7 straight days of ETF outflows totaling $298.71m. blackrock's ETHA alone bled $46.7m on april 2. same day SOL ETFs posted net inflows and BTC ETFs went positive. every major regulatory catalyst in 2026 names bitcoin explicitly. GENIUS act, 401(k) access, fed master accounts. ethereum is mentioned in none of them. BTC captures "reserve asset." solana captures settlement infrastructure with SBI, SoFi, and $4.7b in monthly tokenized volume. ETH is stu ...

🚨DATA: SPOT $SOL ETFS NOW HOLD 1.66% OF CIRCULATING SUPPLYThe eight spot @Solana ETFs in the United States now hold a whopping 1.66% of $SOL's supply.The milestone holds despite the products not seeing daily net inflows since March 4.At time of writing, the products boast cumulative net inflows of more than $955 million. ...

INSIGHT: Data shows that $SOL ETFs are being purchased by institutions such as @GoldmanSachs and @ElectricCapital while $XRP ETFs are primarily purchased by retail. https://t.co/WUh85BNKQq ...

RT Messari (@MessariCrypto)State of @solana Q4Key Update: Five new spot SOL ETFs launched and cumulative flows reached $1.0 billion, led by Bitwise’s BSOL and Rex Osprey’s SSK.QoQ Metrics 📊-RWA value ⬆️ 58.7% QoQ to $1.1B-Liquid staking rate ⬆️ to 17.6% (from 11.6% QoQ)-Stablecoin market cap ⬆️ 5.3% QoQ to $14.9B ...

$SOL ETFs slide, @MegaETH goes live and Bernstein holds its $150K $BTC target.Dive in with @OllieLeeech 👇 https://t.co/fL3pduGY5C ...

📊 ETFS: ETH ETFs bled $170M+ in weekly outflows. SOL ETFs held up better, but still lost $9M+. https://t.co/dzaJveqa5p ...

📊 ETFS: Out of the top 3 ETFs, the SOL ETFs were the only ones to see net inflows this week. https://t.co/W5bEAKLIF6 ...

Core Insights - Bitcoin (BTC) is currently underperforming compared to traditional safe-haven assets like gold amid rising tensions between President Trump and Fed Chair Powell, raising concerns about the Federal Reserve's independence [1][2] Market Performance - Gold reached a record high of over $4,600 per ounce, while silver also hit an all-time high of $84.60. Bitcoin initially rose to $92,000 but later fell back to $90,500 during European trading hours [3][4] - The broader cryptocurrency market also retreated, with notable coins like Monero pulling back from a record high of $598 to $571, still reflecting a 15% increase over 24 hours [4] Economic Indicators - U.S. Treasury yields remained elevated, indicating that markets do not expect Powell to yield to legal pressures and cut interest rates aggressively. The 10-year U.S. yield was approaching 4.2%, while the two-year yield was at 3.54%, the highest in two weeks [5] Employment and Inflation Data - Analysts at ING noted that a dip in the U.S. jobless rate and potentially hotter-than-expected inflation data could prevent the Federal Reserve from cutting rates until at least March [6] ETF Flows - From January 5 to January 9, Bitcoin ETFs experienced net outflows of $681 million despite high trading volumes of $19.5 billion, indicating active repositioning rather than disengagement. Ethereum ETFs also saw $69 million in outflows, while XRP and SOL ETFs attracted capital, suggesting a selective risk appetite [7] Derivatives Market - The derivatives market shows a lackluster outlook in the near term, with 30-day BTC and ETH implied volatility indices at their lowest levels in weeks [8]

Core Insights - The U.S.-listed spot crypto ETFs experienced their worst outflow period on record in the last two months of 2025, with investors withdrawing billions, marking a challenging year-end for a product that has significantly contributed to institutional adoption [1] Group 1: ETF Performance - The 11 spot ETFs saw a net outflow of $1.09 billion in December following a larger outflow of $3.48 billion in November, totaling $4.57 billion in redemptions over the two months, the highest since their launch in January 2024 [2] - The U.S.-listed ether ETFs also faced significant withdrawals, with over $2 billion pulled from these funds in November and December [3] Group 2: Market Sentiment - The outflows reflect a notable decrease in institutional interest in leading cryptocurrencies, coinciding with a 20% decline in bitcoin's price during the same timeframe [3] - Despite the negative sentiment from ETF outflows and liquidations, some experts suggest that the market is in a state of equilibrium rather than panic, with weaker investors exiting and stronger balance sheets absorbing the supply [4] Group 3: Alternative ETF Trends - While bitcoin and ether ETFs lost favor, XRP ETFs gained over $1 billion in inflows during November and December, and Solana's SOL ETFs attracted more than $500 million [5]

Core Insights - Short-term derivatives traders are maintaining long positions in several altcoins, but without strict stop-loss plans, these positions may face liquidation risks as early as January [1] Group 1: Solana (SOL) - Solana's liquidation map indicates a significant imbalance, with cumulative long liquidations greatly exceeding short liquidations [2] - Historical data suggests January is typically a strong month for SOL's price performance, supported by a bullish RSI divergence indicating potential recovery [3] - Recent data shows SOL ETFs recorded their weakest weekly inflow since launch, with net inflows dropping over 93% from nearly $200 million to only $13.14 million, signaling weakening ETF demand which could pressure SOL's price [4][5] - If SOL's price falls to $110, cumulative long liquidations could exceed $880 million, necessitating caution for long positions [5] Group 2: Zcash (ZEC) - ZEC's liquidation map also shows heavy capital and leverage allocation to long positions, with an increase in locked Shielded Pools and a strong price rebound from around $300 to above $500 in December [6] - Profit-taking by early December buyers could lead to selling pressure, posing a risk of liquidation for long positions [7]