This week kicked off on a positive note for Bitcoin ETFs, as institutional investors are making a strong comeback. On Monday, Bitcoin ETFs recorded over $380 million in net inflows, marking their largest single-day inflow since January 30.
The spike in capital inflow signals a renewed wave of institutional confidence in the leading coin, following an extended period of subdued activity in the ETF market.
Bitcoin ETFs Record Strong $381 Million Inflows
On Monday, net inflows in BTC ETFs totaled $381.40 million. The last time Bitcoin ETFs saw such a substantial injection of funds in a single day was nearly 13 weeks ago, making this latest surge notable.
The influx of capital reflects a resurgence in bullish bias among institutional investors toward BTC, at a time when broader sentiment has remained relatively cautious.
Total Bitcoin Spot ETF Net Inflow. Source: SosoValue
Yesterday, Ark Invest and 21Shares’ ETF ARKB recorded the largest daily net inflow, totaling $116.13 million, bringing its total cumulative net inflows to $2.60 billion.
Fidelity’s ETF FBTC came in second place with a net inflow of $87.61 million. The ETF’s total historical net inflows now stand at $11.37 billion.
Investor Confidence Rises
BTC has recorded a modest 1% gain over the past 24 hours. This price surge has prompted an uptick in the count of new open contracts in the coin’s futures market, reflected by its rising futures open interest. At press time, this is at $58.46 billion, climbing 5% over the past day.
An asset’s open interest measures its total number of outstanding derivative contracts, such as futures or options that have not been settled or closed.
When BTC’s open interest rises along with its price, it indicates that more traders are entering the market, either opening new long or short positions. This is a bullish signal confirming growing investor interest in the king coin.
Further, BTC’s funding rate is positive at press time, highlighting the market’s confidence in its future price performance. This currently stands at 0.0068%.
When an asset’s funding rate is positive like this, long traders pay short traders. This means that more traders are betting on BTC’s going up, reflecting bullish market sentiment.
Moreover, today’s high demand for calls in the BTC options market supports this bullish outlook. According to Deribit, BTC’s put-to-call ratio is currently at 0.71.
This indicates that more call options are traded than puts, suggesting a bullish bias among options traders. This low ratio reflects growing investor confidence and expectations of upward price movement.
Solana (SOL) has increased by 2% in the last 24 hours, riding the broader market’s optimism ahead of the upcoming FOMC meeting. The Layer-1 (L1) coin currently trades at $147.83.
On-chain data shows a spike in demand for long positions, indicating that a growing number of traders are positioning for a price rally.
Solana Futures Show Strength Ahead of FOMC
The slight uptick in trading activity across the crypto market over the past 24 hours has pushed SOL’s price up by 2%. This modest gain reflects growing investor optimism as markets gear up for today’s FOMC meeting.
SOL’s futures traders have expressed optimism by upping their demand for long positions. According to Coinglass, the coin’s long/short ratio is at a monthly high of 1.04, signaling a preference for long positions among its futures market participants.
The long/short ratio measures the proportion of bullish (long) positions to bearish (short) positions in the market. When its value is below one, more traders are betting on an asset’s price dip than on its rally.
Conversely, as with SOL, a ratio above one means more long positions than short ones. This suggests bullish sentiment, with most SOL futures traders expecting its value to rise.
Further, on the daily chart, SOL’s rising Relative Strength Index (RSI) confirms the spike in demand for the altcoin. At press time, this momentum indicator is at 57.54.
The RSI indicator measures an asset’s overbought and oversold market conditions, ranging from 0 to 100. Values above 70 typically signal an asset is overbought, while an RSI below 30 indicates oversold.
SOL’s current RSI reading signals growing bullish momentum and leaves room for further upward movement before entering overbought territory.
SOL Price Balances on Support Line
As of this writing, SOL trades at $147.69, bouncing off the support at $142.59. If demand soars and market conditions remain favorable post-FOMC meeting, SOL could extend its rally and climb toward $171.88, a high it last reached on March 3.
However, if the upcoming FOMC meeting sparks a resurgence in bearish pressure, SOL could face renewed selling momentum. In such a scenario, the coin may break below the support level at $142.59, paving the way for a deeper decline toward $120.81.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts say about Bitcoin (BTC) amid prevailing market turmoil caused by Trump’s tariffs and broader macroeconomic events. BeInCrypto reported that the status of Bitcoin as a hedge against economic uncertainty is coming under scrutiny. Now this view is becoming increasingly tangled.
Bitcoin Price Closes In On $89,000 While Traditional Markets Slide
On Monday, the S&P 500 and Nasdaq extended their declines, while the US dollar index (DXY) also fell to a 3-year low. The turnout highlighted a divergence in performance between crypto and equities.
S&P500, Nasdaq, and US DXY price performances. Source: TradingView
“Only 6 times since the 1970s have the DXY and SPX fallen together: 70s stagflation, Gulf War, Greenspan hikes, the dot-com crash, 9/11… Buyback window opens Friday for US corporates,” VanEck Head of Digital Assets Research Mathew Sigel commented on X.
The selloff in equities came amid heightened political tension and renewed concerns over the Federal Reserve’s (Fed) independence. President Donald Trump escalated his criticism of Fed chair Jerome Powell.
“Powell’s termination cannot come fast enough!” the President wrote on Truth Social.
The post followed earlier remarks hinting at Powell’s potential removal, an idea reportedly being reviewed by Trump’s economic advisors.
Trump also suggested the economy would slow unless interest rates were cut immediately. The bone of contention between Trump and Powell is that while the president pushes for interest rate cuts, the chair advocates a more cautious stance.
Market reaction was swift:
The Dow Jones Industrial Average plunged 971.82 points (2.48%) to 38,170.41.
Nasdaq Composite fell 2.55% to 15,870.90.
The S&P 500 dropped 2.36% to close at 5,158.20.
The so-called “Magnificent Seven” tech stocks were hit hardest.
Tesla sank 5.8%
Nvidia slid more than 4%
Amazon and Meta both dropped around 3%.
Industrial heavyweight Caterpillar also lost 2.8%.
Meanwhile, Bitcoin is bucking the trend, steadily approaching the $89,000 threshold while traditional markets slide. A decisive move above this level could see the pioneer crypto hit the $90,000 target highlighted in Monday’s US Crypto News briefing.
Historically, Bitcoin’s performance has shown an inverse correlation with the DXY. This prompts speculation that a pivotal moment for the pioneer crypto may be on the horizon.
“The DXY has broken down to March 2022 levels. Bitcoin is back on the move,” highlighted analyst Ben Werkman.
BeInCrypto contacted Geoff Kendrick regarding the Bitcoin price outlook as traditional finance (TradFi) shows weakness. The Head of Digital Asset Research at Standard Chartered said Bitcoin’s resilience signals a shift in how investors perceive the digital asset.
In his opinion, the king of crypto is now increasingly seen as a hedge against risks in TradFi and US Treasuries.
“I think Bitcoin is a hedge against both TradFi and US Treasury risks. The threat to remove US Federal Reserve Chair Jerome Powell falls into Treasury risk—so the hedge is on,” Kendrick told BeInCrypto.
This sentiment aligns with a recent report when US 10-year treasury yields fell below 4%. The incident signaled a potential shift in Fed policy and sparked renewed interest in Bitcoin and other risk assets.
Sentiment is Improving for Crypto, Bitwise Europe Analysts Say
According to the Tuesday Newsletter from Bitwise Europe, the firm’s proprietary Cryptoasset Sentiment Index has flipped to a “slightly bullish” reading.
“At the moment, 8 out of 15 indicators are above their short-term trend. Exchange inflows and the BTC funding rate have both improved since last week,” Bitwise analysts noted.
Bitwise also noted a continued high correlation between Bitcoin and altcoins, which suggests that a surge in Bitcoin’s price could spill over to other tokens. According to the newsletter, around 20% of tracked altcoins outperformed Bitcoin over the past week.
On the TradFi side, Bitwise reported a marginal uptick in Cross Asset Risk Appetite (CARA), which rose from -0.59 to -0.43. CARA is the firm’s proprietary gauge of market sentiment across traditional asset classes.
While the CARA index is still subdued, it points to a modest rebound in risk appetite. This renewed interest aligns with Kendrick’s view that Bitcoin’s number one purpose in a portfolio is to hedge against risks to the existing financial system.
“Bitcoin’s number one purpose in a portfolio is as a hedge against risks to the existing financial system, due to its decentralized ledger, and this can play out via two routes, as private sector risks like the March 2023 SVB collapse and risks associated with the government sector, such as US Treasury risks,” Kendrick told BeInCrypto.
The Standard Chartered analyst said the current threat to the Fed’s independence via Powell’s potential replacement falls squarely into the second of these categories.
“In terms of what is measurable the current threat plays out via US Treasury term premium, which is now at a 12-year high, 10Y term premium,” he added.
June will see three major token unlocks—ZKsync (ZK), Vana (VANA), and LayerZero (ZRO). These tokens will unlock nearly $133 million in newly circulating assets.
Overall, $2.4 billion worth of assets will be unlocked this month. These unlocks represent sizable portions of each project’s market cap and could influence short-term price dynamics. Here’s what to know.
1. ZKsync (ZK)
Unlock Date: June 17
Number of Tokens to be Unlocked: 770 million ZK (3.67% of Max Supply)
On June 17, 770 million ZK tokens—worth approximately $41.61 million—will be unlocked. Of that, 397.20 million tokens (11%) are allocated to investors, and 372.80 million tokens (11%) to team members.
This unlock represents nearly 21% of the token’s market cap. ZKsync is currently trading at $0.05394, down 11% in the last week of May.
2. Vana (VANA)
Unlock Date: June 16
Number of Tokens to be Unlocked: 5.19 million VANA (4.33% of Total Supply)
Current Circulating Supply: 30.8 million VANA
Vana is a decentralized data marketplace that lets users control and monetize their personal data. Its native token, VANA, powers platform access, rewards contributors, and governs network decisions.
On June 16, Vana will release 5.19 million tokens—valued at $35.25 million. The distribution includes 4.74 million tokens (8.98%) for community initiatives and 452.60K tokens (1.65%) for ecosystem expansion.
Meanwhile, the token is up 18% in the last week of May. So, this unlock could test bullish sentiment.
Number of Tokens to be Unlocked: 24.68 million ZRO (2.47% of Total Supply)
Current Circulating Supply: 111.15 million ZRO
LayerZero is an omnichain interoperability protocol designed to connect disparate blockchain networks. Its ZRO token plays a key role in governance and may support future messaging or fee functionalities.
On June 20, LayerZero will unlock 24.68 million ZRO tokens. The unlocked assets will be worth roughly $56.72 million.
Overall, the allocation includes 12.88 million tokens (4%) for strategic partners, 10.20 million tokens (4%) for core contributors, and 1.60 million tokens (4%) for tokens repurchased by the team.
Meanwhile, ZRO is currently trading at $2.30, down 10% in the final week of May.
These three unlocks represent a combined $133 million in token value entering the market. With substantial portions going to insiders and ecosystems, market participants should monitor distribution activity closely.
Short-term volatility may follow, especially in lower-liquidity trading environments.
