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.
Crypto’s largest gearing development has ever left dealers cautious but long -term capital intact, says analysts in the recent reports.
Despite the short-term market chaos from the largest ever crypto-liquidation event, both glass node and cryptoquant claim that under the surface, liquidity and structural demand held.
Cryptoquant wrote in a recent report that although short-term momentum is weakened, large holders continue to accumulate, and Fiat liquidity is still building. Usdt Supply has grown by nearly $ 15 billion in 60 days, the fastest pace since January, while US Spot Bitcoin Etf flow has risen to $ 3.5 billion.
Glassnode also quotes this data point in its weekly market pulse and interprets this trend as evidence that capital remains inside the system even after speculative risk was flushed out.
Where the two analyzes differ most clearly are in tone and timing.
Glassnode portrays sales as a structural cleansing that removed speculative profits and forced merchants back to defensive positioning. Its data shows financing rates halved, perpetual CVDs became negative, and options that traders paid higher prizes for protecting the disadvantage.
The company sees this as a market in restore state, digestion of losses and reconstruction of trust rather than preparing for an immediate rebound.
Cryptoquant, on the other hand, reads the same market through a more constructive lens.
It highlights $ 115,000, the dealers on-chain realized the price as the level to look at for renewed strength. A sustained step over this threshold, the company claims, could mark the start of a new bullish phase supported by expanding stableCOin liquidity and continued whale accumulation.
The difference in Outlook reflects a wider gap in the mood across the market: a careful reset versus a potential bending point.
Both companies paint a growing picture of a market that changes from excess to equilibrium. Capital is still flowing in through ETFs and StableCecoins, but positioning is defensive and confidence needs time to rebuild.
Whether Bitcoin’s next move is a rebound or a drawn consolidation depends less on leverage and more of how fast the structural demand turns into fresh risk taking.
Market movement
BTC: Bitcoin fell to about $ 112,700 after an early slide under $ 110,000. Profit and renewed Trump trading threats pressed risk assets, although prices have stabilized after FED chairman Jerome Powell signaled that the central bank is approaching the end of its tightening cycle.
ETH: ETH trades with $ 4,101, down 3.7%as open interest fell to its lowest since May, and earnings accelerated following a rejection near $ 4,270, although CME dealers and ETF emergency signal institutional support remain strong.
Gold: Blackrock’s Evy Hambro said gold could climb well beyond $ 4,200, as paper currencies are repeated against real assets, while Bank of America expects it will reach $ 5,000 and silver $ 65 in 2026, with both institutions with reference to fiscal deficits, investor needs and structural shifts that favor real assets despite the risk of risk of short -term consolidation.
Nikkei 225: Asia-Stophav markets opened higher on Wednesday, with Japan’s Nikkei 225 up 0.3%, even then, US merchant stresses and threats of “retaliation” from President Trump kept volatility increased.
Elsewhere in crypto:
- Binance claims it ‘doesn’t earn’ from its token list process, calling accusations ‘false and defamatory’ (block)
- Laura Loomer Stokes speculation about Trump SBF wisdom: Is there anything about it? (Decryptter)
- Celsius Wind-Down ensures $ 300 MIO
