Bitcoin and Crypto Market Update Amid Weak Flows and Market Sentiment
Bitcoin trades near $90,000 following a 24-hour decline, with both BTC and the CoinDesk 20/80 indices down more than 3.5%.
Market weakness is attributed to a somber outlook in Nasdaq futures, influenced by Oracle's earnings miss and a hawkish Federal Reserve stance, which now projects only one rate cut in 2026, delaying expectations for a significant year-end rally.
US spot ETF inflows have failed to surpass $500 million on any single day since November 11, indicating a slowdown in flow activity compared to the late and mid-2024 periods.
Institutional flow data reveals that large holders have added approximately 42,565 BTC since December 1, while short-term holders and retail investors continue to reduce their positions.
Vitalik Buterin has endorsed Fileverse, an open-source encrypted document platform positioned as a Web3-native alternative to Google Docs, now considered stable for secure sharing.
In traditional markets, the US 10-year Treasury yield stands around 4.14%, up slightly from 4.11%, with ING anticipating sustainable rallies rather than declines.
ETF and market data snapshot includes daily net flows of $223.5 million for Spot BTC ETFs (cumulative $57.91 billion) and $57.6 million for Spot ETH ETFs (cumulative $13.17 billion). Bitcoin's market dominance is 59.26%, with an Ether-to-BTC ratio of 0.03539%. Network metrics show a hashrate of 1,066 EH/s and CME Futures Open Interest of 126,970 BTC.
Additionally, Bitcoin is priced at 21.4 ounces of gold, with BTC's market capitalization representing 6.05% of the gold market cap.
