Bitcoin, Ether, Solana, XRP ETFs See Record AUM as Traders Warn of ‘Summer Lull’

Bitcoin is holding agency close to $108,700 even as conventional markets recoil from renewed commerce tensions sparked by Donald Trump. The U.S. president signaled plans to hike tariffs on imports, doubtlessly as excessive as 50%, citing ongoing friction with the European Union over tech laws.

The rhetoric despatched Asian equities decrease for a 3rd time in 4 periods, pushed copper futures down in London, and dragged U.S. fairness futures into the purple.

Yet Bitcoin remained largely unfazed, suggesting crypto traders are both discounting the macro noise or viewing BTC as more and more insulated from world coverage danger, some opined.

“Bitcoin’s slight price drop from Trump's tariff plans showcases the digital asset's resilient nature and long-term investor confidence,” stated Han Xu, Director at HashKey Capital, stated in a Telegram message. “We’re optimistic this trend will continue even amid short-term volatility.”

Still, there's clear hesitation at these ranges.

“Buyers are quickly letting off steam,” famous FxPro’s Alex Kuptsikevich. “BTC keeps getting pushed down near $110K, and while the 50-day moving average is attracting dip buyers, sellers are just as active.”

He added that total market capitalization, whereas nonetheless up 1.8% on the week, slipped 0.6% previously 24 hours to $3.35 trillion, signaling one other “bout of indecision” on the high.

That choppiness persists even as crypto ETF inflows proceed. CoinShares reported its twelfth consecutive week of internet inflows, with almost $1 billion coming into crypto funds final week, and over $790 million of that quantity going into Bitcoin.

Ether-tracked merchandise introduced in $226 million, Solana $22 million, and XRP $11 million. Total ETF property beneath administration have reached an all-time excessive of $188 billion.

But beneath the hood, there are indicators of fatigue. Bitcoin’s on-chain exercise and implied volatility have dropped to their lowest in almost two years, in keeping with The Block.

Glassnode known as it a “summer lull,” pointing to collapsing buying and selling volumes and a rising focus of unrealized positive factors amongst long-term holders, or elements that would set off a sharper transfer if sentiment turns.

Despite the dearth of momentum, markets stay firmly risk-on, simply nervously so.

“Capital continues to move away from the 200-day moving average,” Kuptsikevich added, “which shows the market still leans bullish. But any shift in tone could lead to quick profit-taking.”