Overview
- Bitcoin slipped back toward $69,000 after failing to hold $70,000, with multiple desks framing the bounce as a bear‑market relief move.
- CryptoQuant reports new investor inflows have flipped negative and selling pressure is absorbing capital, as spot ETFs logged only about $145 million in net inflows and the Coinbase premium hovered near neutral to slightly negative.
- Fear gauges hit extreme levels with the Crypto Fear & Greed Index dropping to 6–7 over the weekend, while Kaiko data show spot volumes down roughly 30% since late 2025, pointing to thinner liquidity.
- Macro and political headwinds include rising odds of a partial U.S. government shutdown this week that could stall market‑structure legislation, alongside AI‑driven capital rotation that Wintermute says is capping crypto’s upside.
- Altcoins show mixed setups: XRP remains deeply oversold yet capped below resistance near $1.50 despite roughly $45 million of net ETF inflows last week, and Dogecoin is retesting $0.095 support with only conditional rebound prospects.