Standard Chartered’s Kendrick says bitcoin bottom is “almost in”
He pointed to near-flat spot bitcoin ETF holdings and a potential Strategy buyback after a 32 BTC sale.
He pointed to near-flat spot bitcoin ETF holdings and a potential Strategy buyback after a 32 BTC sale.
The network says issuers and acquirers will be able to settle some transactions intraday, on weekends, and on holidays using regulated stablecoins.
Long liquidations dominated the wipeout, while Binance’s BTC balance hit a three-month high of 659,000 BTC.
He tied the pitch to Bitmine’s claimed 5.4M ETH holdings and a June 26 Russell 1000 inclusion catalyst for BMNR.
Options skew and implied vol firmed as traders watched a $68,600 liquidation pocket and AI tokens diverged from majors.
The integration lets Paxos fintech and institutional clients evaluate DOGE, but it does not guarantee listings by Paxos-powered partners.
Glassnode cohort data shows short-term holder supply shrinking since May 19 while the 5y–7y cohort share edged higher.
The flow split revived attention on an unconfirmed Ripple-linked $1B SPAC plan to build an XRP treasury vehicle.
Santiment framed the sustained redemptions as a contrarian “bottoming” signal as ETH ETFs extended a 14-session bleed.
Hyperliquid’s HYPE jumped 19% on the week after ICE CEO Jeffrey Sprecher called it “bigger than NASDAQ.”
The launch starts with two Steakhouse-curated vaults and uses on-device clear-signing for deposits and withdrawals.
Ether slipped under $2,000 while oil jumped, with WTI above $92 and Brent near $98 per barrel.
The ETH-treasury stock holds 872,984 ETH worth about $1.8B and has not reported purchases since October.
US-listed spot Bitcoin ETFs accounted for $1.26B of the $1.43B US outflow, while XRP and Solana ETPs still took in cash.
Traders pointed to $19B+ Intents volume, ~$32M fees, and European ETP inflows as the rally extended.
The outflow hit as XRP stayed boxed between $1.30 support and $1.50 resistance with volatility near mid-2024 lows.
XRP and SOL ETFs also took in fresh money as HYPE rallied and Hyperliquid posted $13.2M in weekly fees.
He cited the foundation’s neutrality mandate and said EF holds about 0.16% of total ETH supply.
ETH’s rising-wedge setup maps a $1,600 downside target by July or August, versus $2,530 near the 200-day EMA on a rebound.
The X thread lands as EF’s BitMine OTC deals total about $47M and ETH trades near $2,117, far below its 2025 high.