Good morning, Asia. Here’s what makes news in the markets:
Welcome to Asia Morning Briefing, a daily overview of top stories during the US HOURS and an overview of market movements and analysis. For a detailed overview of US markets, see Coindesk’s Crypto Doybook Americas.
Bitcoin Handled just over $ 115K in Asia on Tuesday morning and slid a little after a strong start to the week.
The modest withdrawal followed a race with influx to American spot -TEFs and lingering optimism that the Federal Reserve will reduce the rates next week. The movements left traders divided: Is this improvement built on fragile foundations, or is crypto back on the field after last week’s CPI-driven jitters?
This debate plays across research tables. Glassnode’s weekly pulse emphasizes fragility. While ETF flow rose nearly 200% last week and the Futures Open Interest jumped, the underlying spot market looks weak.
Purchase of conviction remains low, writes Glassnode, the financing rates are softened, and profits are increasing by more than 92% of the supply in profit.
Choosing option dealers has also scaled downward hedges, pushing volatility spreads lower, which Glassnode warns that the market is exposed to if the risk returns. Core message: ETFs and futures support the rally, but without stronger spot currents, BTC remains vulnerable.
QCP takes the other side.
The Singapore-based desk says Crypto is “back on track” after CPI confirmed customs inflation without major surprises. They highlight five consecutive days with significant BTC ETF flow, ETH’s largest two -week influx and strength in XRP and Sun, even after ETF delays.
Dealers, they claim, interpret legislative postponements as inevitability rather than rejection. With the ALTCOIN season index on a 90-day high, the QCP BTC consolidation looks over $ 115K as a starting pad for rotation for assets with higher beta.
The divide emphasizes how Bitcoin’s current interval near $ 115K – $ 116k is a battlefield. Glassnode calls it fragile optimism; QCP calls it momentum. Which side is right depends on whether ETF flow continues to offset profit in the coming weeks.
Market movement
BTC: Bitcoin is consolidated near the $ 115,000 level as Traders Square positions in front of expected American Fed -Political Movements; Institutional demand via Spot Bitcoin ETFs support upward
ETH: ETH trades almost at $ 4500 in a key resistance band; Gains are helped by renewed institutional demand that tightens the supply (exchange outflow)and positive technical setups.
Gold: Gold still holds near record highs, supported by the expectations of feed frequency cuts, inflation risk and investor demand for safe ports; gets tempered some of the profit and a firmer US dollar
Nikkei 225: Japan’s Nikkei 225 peaked 45,000 for the first time on Monday, which led to Asia-Square Gains as optimistic trade negotiations in the US China and a Tiktok incident for mood.
S&P 500: The S&P 500 rose 0.5% to close over 6,600 for the first time on Monday, when the optimistic trade negotiations in the US China and the expectation of a Bold meeting raised shares.
Other places in crypto
- Coinbase App Store Ranking suggests retail
- Robinhood expands private Equity Token Push with New Venture Capital Fund (Coindesk)
- Strategy adds $ 60 million to Bitcoin Treasury in the least purchase in one month (Decrypt)
