Now Reading: Asia Morning Briefing: BTC Rebounds Toward $115K as ETF Flows Return, but Traders Still Price Tail Risk
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Asia Morning Briefing: BTC Rebounds Toward $115K as ETF Flows Return, but Traders Still Price Tail Risk
Asia Morning Briefing: BTC Rebounds Toward $115K as ETF Flows Return, but Traders Still Price Tail Risk
Good Morning, Asia. Here's what's making information within the markets:
Welcome to Asia Morning Briefing, a day by day abstract of prime tales throughout U.S. hours and an summary of market strikes and evaluation. For an in depth overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.
As East Asia begins its buying and selling day, bitcoin (BTC) is altering arms at simply over $115K, staging a modest rebound from final week’s selloff that noticed over $1 billion in leveraged longs liquidated and BTC briefly check $113K.
The bounce comes amid indicators of stabilization in institutional flows, with Bitwise reporting $18.74 million in web inflows, a possible reversal after one of many largest ETF outflow days on document final Friday.
The newest correction, which marked BTC’s third straight Friday selloff, was pushed by a hawkish macro cocktail: weak U.S. jobs information and a contemporary wave of tariffs from Washington, triggering a broader risk-off temper in each equities and crypto. Altcoins bore the brunt of the transfer, with SOL falling almost 20% on the week and ETH shedding near 10%.
Yet regardless of the drop, QCP Capital stays cautiously optimistic.
“The broader structural setup remains intact,” the agency wrote in a Monday observe, citing BTC’s highest-ever month-to-month shut in July.
QCP views the selloff as a leverage flush slightly than a pattern reversal, pointing to historic post-rally shakeouts that cleared the trail for renewed accumulation.
That mentioned, market hedging habits suggests buyers aren’t ruling out deeper draw back. On Polymarket, merchants presently assign a 49% chance that BTC dips beneath $100,000 earlier than the top of 2025 — up 2 share factors from the day prior.
The pricing displays a market that’s nonetheless on edge, with draw back tail threat priced in regardless of supportive long-term fundamentals such as regulatory readability, rising stablecoin adoption, and tokenization initiatives.
The subsequent catalyst might come throughout the Asia buying and selling day as U.S. issuers report flows, which generally occurs by mid-day Hong Kong time.
If ETF inflows proceed and implied volatility begins to compress, it might present the affirmation wanted for the market to embrace the buy-the-dip narrative and shake off the macro jitters which have saved it caught in impartial.
Market Movers:
BTC: Bitcoin is buying and selling again above $115,000, signaling early indicators of market stabilization.
ETH: Ether is holding regular round $3,700, with Polymarket merchants exhibiting confidence it is going to break above $4,000 someday in August.
Gold: Gold prolonged its rally for a 3rd session on Monday, rising to a two-week excessive as tender U.S. financial information boosted expectations of a September Fed fee minimize, with CME merchants now pricing in an 86% probability of that occuring.
Nikkei 225: Asia-Pacific markets opened larger after U.S. President Donald Trump unveiled plans to sharply enhance tariffs on Indian exports. Japan’s Nikkei 225 rose 0.54% on the open.
S&P 500: Stocks rebounded Monday, with the S&P 500 rising 1.47% to six,329.94, snapping a four-day shedding streak and marking its finest session since May.
Elsewhere in Crypto:
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