TDLR - Daily Market Report #643
- Extreme fear: Fear & Greed at 11 after touching 5. Levels last seen in 2018, March 2020, and post-FTX. Asymmetry zone, not a guarantee.
- $BTC at 66.8k (-3%), dominance 59.1%.
ETFs chaotic: nearly $1B outflows, then +$167M BTC and +$14M ETH inflows today.
$IBIT printed $10B volume during the crash. Institutions are active, not gone.
- Macro: Total crypto mcap $2.28T.
Gold at $5,087, NASDAQ ~23.1k.
US politics still the bottleneck, no progress on stablecoin rules.
- $ETH at $1,944 (-4%). Losing $2k hurts. $1,700 opens if support fails.
Exchange supply at 10 year lows. Vitalik bullish on ZK, critical of current L2 direction.
- Majors:
$XRP $1.33 with sub-$1 talk despite long-term plans.
$BNB $590, tokenized collateral with Franklin Templeton live.
$SOL $81, activity muted.
$DOGE $0.089, waiting.
$ADA $0.25, pressure continues.
- Perps: $HYPE $28.5. Strong fundamentals, massive volume during deleveraging. Product works, sizing still risky. $ASTER $0.65 one of few green spots.
- $LINK $8.22, hit despite major integrations.
$XMR and $KAS holding up better.
- Infra & regulation accelerating despite price pain: LayerZero launched Zero with Citadel and Ark.Robinhood pushing tokenization on $ARB.
Polymarket + Kaito AI.
- Stablecoins & platforms:
$USDT issuer Tether invested $100M into Anchorage.
$USDC issuer Circle positioning ahead of token.
Gemini exiting Europe and Australia, layoffs incoming.
- Security & reality check:
SafeMoon founder sentenced 8 years.
SwissBorg launched withdrawal time-lock protection. Wrench attacks are real.
- Builders still shipping:
Xeet launched Certified Creator Cards. Builders > hype in markets like this.
Fear is extreme. Price is ugly. Infrastructure keeps moving. Survive first.