Overview
- CryptoQuant’s cycle gauge, which flipped green Tuesday, flags an early recovery that still needs price confirmation.
- Bitcoin continues to stall below the $82,000 to $82,500 band formed by its 200-day averages, a level many traders use to judge a lasting trend change.
- Derivatives leverage jumped and funding still leans short, while miners sold about 3,400 BTC in recent weeks, raising the risk that recent gains give way.
- Spot Bitcoin ETFs logged about $233 million of net outflows on Tuesday, a sign of softer U.S. demand after earlier inflows.
- Ethereum trades near $2,250 to $2,320 as JPMorgan filed a tokenized money‑market fund on the Ethereum chain, a step that could pull more institutional activity onto the network.