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U.S. spot bitcoin ETFs experienced net inflows of $84 million on Monday, marking the seventh consecutive day of positive flows. An analyst indicated that this reflects a favourable change in market sentiment due to improving macroeconomic conditions.
Bitcoin is striving to fully revive the bull market, yet market participants remain cautious, with some even anticipating a return to $76,000 following new all-time highs.
Summary: SEC staff stated that proof-of-work mining does not constitute the offer and sale of securities. The SEC also discussed mining pools, where participants combine their processing power and share the rewards.
Bitcoin traders often reduce risk ahead of FOMC meetings, yet crucial price metrics are indicating a divergence. Will BTC surge when the Fed minutes are published?
Spot bitcoin ETFs in the U.S. experienced net inflows of $274.6 million on Monday, marking the largest daily inflows since 4th February. These ETFs had previously seen five consecutive weeks of net outflows amounting to over $5 billion.
Bitcoin traders and analysts consider potential BTC price targets as upward liquidity increases and market sentiment increasingly fears levels below $70,000.
BTC price movements suggest that positive news on inflation is actually negative due to ongoing US trade war concerns, which are reducing the appetite of risk-asset traders.
Bitcoin experiences its largest weekly decline against the US dollar to date, as traders in risk assets rush to exit.
The price of Bitcoin fell after US President Donald Trump pledged not to sell any of the government's current Bitcoin holdings, but did not make a firm commitment to purchase more.
- 19:08Data: 127,900 SOL transferred from an anonymous address, worth approximately $17.49 millionAccording to ChainCatcher, Arkham data shows that at 02:47 and 02:48, 127,900 SOL (with a total value of approximately $17.49 million) were transferred from an anonymous address (starting with FKp1tE...) to two different anonymous addresses. 1. 73,090 SOL (worth about $9.9973 million) were transferred to an anonymous address (starting with DYKLk...).2. 54,777.65 SOL (worth about $7.4925 million) were transferred to an anonymous address (starting with BG7tW...).
- 18:34JPMorgan: The US dollar is expected to weaken by 2026, but the risk of Fed rate hikes may challenge this viewJinse Finance reported that JPMorgan's currency strategist team, led by Meera Chandan and Arindam Sandilya, had previously predicted that the US dollar would strengthen after Trump took office as president this year. However, as the dollar posted its worst first-half performance in 50 years, the team had to quickly adjust its outlook. The team's view on the dollar turned negative in March and has remained so ever since. Strategists now expect the dollar to decline by about 3% by mid-2026, then stabilize. However, analysts point out that several major factors complicate the bank's bearish outlook. Firstly, despite the recent rate cuts by the Federal Reserve, US interest rates remain higher than those of many other global central banks. They stated that this makes global investors more inclined to keep their funds in the US and limits the appeal of diversifying into assets outside the US. More broadly, JPMorgan is concerned that a rebound in the US job market or growth expectations could prompt traders not only to rule out the possibility of rate cuts next year but also to increasingly bet on potential rate hikes. "We remain net bearish on the dollar in 2026, although the magnitude and breadth are both less than in 2025," Chandan and her colleagues wrote.
- 17:32A certain whale has opened a 3x leveraged long position on MON and is now floating a profit of over $2 million.According to Jinse Finance, Onchain Lens monitoring shows that as the price of MON rises, a whale's previously opened 3x leveraged MON long position has now generated an unrealized profit of over $2 million. In addition, this whale also holds 3x leveraged long positions in HYPE and ZEC.