Last week’s sell-off hit every sector, but altcoins took most of the damage. The 141 coins we track fell 14% on average, while Bitcoin lost only 3%. Volumes are lower, stablecoin supply is shrinking, and ETF flows have turned negative. Options markets, however, price in very little stress, and speculative positioning in CME futures is near its highs. This report looks at what the flow, positioning, and options data mean for the week ahead, which Bitcoin levels matter, and why we continue to adjust our positioning.
How should traders be positioned around Ethereum and which technical level matters for Bitcoin? Investors who still hold altcoins should watch several indicators, which we explain below.
Our Sunday/Monday kickoff covers the data behind this week’s market structure, flows, and positioning. It also covers the macro backdrop and the technical levels that could change the picture over the coming days. The report is built on data and our interpretation, and it is meant to prepare you for the week ahead.
Crypto Market Cap (LHS, $trn) vs. Crypto Trading Volumes (RHS, $bn)
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