Bitcoin is holding around $76,997 — up a marginal 0.38% on the day — but the bigger story is what's been erased: all of May's gains are gone, unwound by a wave of spot BTC ETF outflows that began accelerating late last week. Ethereum is faring slightly better at $2,137, up 1.16%, though it faces its own headwind as Ethereum whales flooded Binance with 225,000 ETH in the largest such inflow since 2022 — a move that typically signals near-term selling pressure.
The macro backdrop confirms the mood. Total crypto market cap sits at $2.65 trillion, BTC dominance has climbed to 58.2% as capital rotates toward the relative safety of Bitcoin, and the Fear & Greed Index has collapsed to 25 — deep into Extreme Fear territory. The Altcoin Index at 34/100 reflects the same defensive posture.
On the funding side, there are pockets of activity: Lemfi extended its Series B backed by Tether, Aeon…
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