Bitcoin’s funding rate turned positive as the cryptocurrency held the $80,000 level. Will an uptick in spot ETF inflows trigger a rally to $85,000?
US-listed spot Bitcoin ETFs recorded their sixth consecutive day of net inflows on Tuesday, adding $203.1 million, bringing the six-session total to $930 million as Bitcoin traded above $65,000.
Bitcoin (BTC) buyers are demonstrating improved absorption at the $65,000 level, following Binance's largest net outflow of over 9,000 BTC in nearly two years. Analysis from CryptoQuant suggests easing short-term supply pressure, though a new uptrend requires further spot demand and stable price structure.
Bitcoin has rebounded to nearly $66,000 from its June 30 low, but options traders are still paying high premiums for downside protection, and leveraged long positions are rebuilding. This creates a 'pre-capitulation trap' as the market awaits the Federal Reserve's policy meeting.
Balance Coin, Balance Protocol's algorithmic stablecoin, dropped over 99% after an exploit. Blockchain security firms SlowMist and PeckShield identified the cause as oracle manipulation, leading to $915,000 in losses for 42DAO.
Ethereum (ETH) tested $1,950, triggering $62 million in liquidations, aligning with a broader market rally. Despite record staking reducing sell pressure, weak onchain activity and low DEX volumes signal trader caution, with future gains potentially hinging on external catalysts like corporate earnings.
Lending protocol Morpho launched Morpho Midnight on Base, introducing fixed-rate, fixed-term loans to its onchain credit network. This new offer-driven protocol allows lenders and borrowers to propose terms, aiming to attract institutions by providing predictable borrowing costs.
