On-chain data suggests appetite for risk may be returning in the Bitcoin 
sector as spot to derivatives flows in the market have surged recently. 
Bitcoin Inter-Exchange Flow Pulse Has Shot Up As highlighted by CryptoQuant 
author Axel Adler Jr in an X post, the Bitcoin Inter-Exchange Flow Pulse has 
witnessed sharp increase since the March lows. The &#8220;Inter-Exchange Flow Pulse&#8221; 
(IFP) refers to an indicator that keeps track of the total amount of BTC 
flowing between spot and derivatives exchanges. Related Reading: Chainlink 
Exchange Outflows Hit 970,430 LINK, Largest Of 2026 When the value of this 
metric goes up, it means investors are increasing their derivatives inflow 
activity. Such a trend suggests that the appetite for speculation is rising in 
the market. On the other hand, the indicator observing a drawdown implies the 
investors may be pulling back on risk as they are transferring a lesser amount 
of the asset to derivatives platforms. Now, here is the chart shared by Adler 
Jr that shows the trend in the 30-day and 90-day simple moving averages (SMAs) 
of the Bitcoin IFP over the last few years: From the graph, it&#8217;s visible that 
the Bitcoin Inter-Exchange Flow Pulse saw its SMAs decline during 2025 and the 
first couple of months of 2026. This implies that investors were taking a 
risk-off approach to the digital asset. Interestingly, this lack of interest 
in speculative activity also maintained even through the bull run to the new 
all-time high (ATH) that took place last year. Recently, however, a reversal 
of trend has occurred, with the IFP SMAs turning back up. &#8220;Bitcoin Inter- 
Exchange Flow Pulse is up 136% from March lows,&#8221; noted the analyst. This surge 
naturally indicates that derivatives inflows are now rising. &#8220;Flow regime is 
shifting back to risk-on,&#8221; said Adler Jr. In the past, new bull cycles have 
tended to start when the market has leaned into speculative activity, but it 
only remains to be seen whether this signal in the IFP will hold or if it&#8217;s 
only a temporary deviation. Related Reading: Solana Nears Triangle Apex: Is A 
10% Breakout Move Coming? In some other news, the digital asset sector as a 
whole has seen a flip in capital netflows recently, as analyst Ali Martinez 
has pointed out in an X post. As displayed in the chart, the combined monthly 
netflows into Bitcoin, Ethereum, and the stablecoins have surged to a positive 
value of $3 billion. &#8220;This represents the first positive net capital inflow we 
have seen since December, marking a significant shift in market momentum,&#8221; 
explained Martinez. BTC Price Bitcoin has retraced from its high above $79,000 
as its price has dropped to $75,800. Featured image from Dall-E, chart from 
TradingView.com

Bitcoin Market Returning To Risk-On? Flow Pulse Surges 136% From March Lows

A new leveraged BNB ETF began trading in U.S. markets as XBNB launched with 2x 
daily exposure, giving short-term crypto traders regulated access to amplified 
price swings while raising risks tied to volatility and daily resets. Key 
Takeaways: XBNB offers 2x daily exposure to BNB through a regulated ETF 
structure. Teucrium is expanding its leveraged […]

New BNB 2x Leveraged ETF XBNB Begins Trading on NYSE Arca

The situation highlights the tension between political influence and corporate 
decision-making, with potential impacts on media freedom.
The post Trump calls for Jimmy Kimmel&#8217;s firing; FCC reviews Disney licenses 
appeared first on Crypto Briefing.

Trump calls for Jimmy Kimmel’s firing; FCC reviews Disney licenses

Ethereum price started a fresh decline and traded below $2,300. ETH is now 
consolidating above $2,250 and might struggle to recover. Ethereum started a 
downside correction below the $2,320 zone. The price is trading below $2,320 
and the 100-hourly Simple Moving Average. There is a bearish trend line 
forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed 
via Kraken). The pair could start a fresh increase if it stays above the 
$2,250 zone. Ethereum Price Extends Losses Ethereum price failed to remain 
stable above $2,330 and started a downside correction, like Bitcoin. ETH price 
dipped below the $2,320 and $2,300 levels. The price even spiked below $2,265. 
A low was formed at $2,256, and the price is now consolidating losses. There 
was a minor upward move above the 23.6% Fib retracement level of the downward 
move from the $2,404 swing high to the $2,256 low. Ethereum price is now 
trading below $2,300 and the 100-hourly Simple Moving Average. If the bulls 
remain in action above $2,250, the price could attempt another increase. 
Immediate resistance is seen near the $2,300 level. There is also a bearish 
trend line forming with resistance at $2,300 on the hourly chart of ETH/USD. 
The first key resistance is near the $2,330 level and the 50% Fib retracement 
level of the downward move from the $2,404 swing high to the $2,256 low. The 
next major resistance is near the $2,370 level. A clear move above the $2,370 
resistance might send the price toward the $2,400 resistance. An upside break 
above the $2,400 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 
in the near term. More Losses In ETH? If Ethereum fails to clear the $2,300 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,250 level. The first major support sits near the $2,220 zone. A 
clear move below the $2,220 support might push the price toward the $2,180 
support. Any more losses might send the price toward the $2,155 region. The 
main support could be $2,120. Technical Indicators Hourly MACD – The MACD for 
ETH/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now below the 50 zone. Major Support Level – $2,250 Major 
Resistance Level – $2,330

Ethereum Price Pulls Back To $2,250, Traders Watch For Reaction

Australia&#8217;s inflation surge due to oil shocks may prompt rate hikes, impacting 
economic growth and influencing global monetary policies.
The post Australia inflation amid Iran war oil shock, rate hike likely 
appeared first on Crypto Briefing.

Australia inflation amid Iran war oil shock, rate hike likely

Bitwise advisor Jeff Park says Bitcoin’s next all-time high could be driven 
not by spot ETF flows alone, but by a fast-growing options market around 
BlackRock’s iShares Bitcoin Trust. Speaking at Bitcoin Conference 2026 in Las 
Vegas on Monday, Park argued that IBIT options are beginning to reshape the 
structure of Bitcoin volatility and may become the catalyst for the asset’s 
next major leg higher. Why BlackRock&#8217;s Bitcoin Options Could Be Crucial Park 
said the market has reached a notable inflection point: IBIT options open 
interest has now overtaken Deribit’s open interest “for the first time in a 
meaningful way.” For years, Deribit has served as the dominant venue for 
Bitcoin options, with traders often using its D-Vol index as a proxy for 
implied volatility across the market. Park argued that this approach is 
increasingly incomplete. “For a long time people would look at Deribit&#8217;s D-Vol 
to calculate implied volatility but D-Vol is flawed,” Park said. “D-Vol only 
uses Deribit options. The reality is there&#8217;s lots of offshore exchanges, 
there&#8217;s now IBIT options, and we actually need more intelligent ways to 
quantify the parameterization of implied volatility.” Related Reading: Bitcoin 
Is Headed For $40,000: Analyst Reveals The Best Time To Buy BTC That shift 
matters because the US-listed IBIT options market appears to be pricing 
Bitcoin risk differently from offshore venues. Park pointed to BVIV US, which 
tracks implied volatility on IBIT, and BVIV, an offshore exchange aggregate 
correlation implied volatility measure. According to him, the spread between 
the two now sits around five points, with IBIT volatility trading higher than 
Deribit and other offshore exchange volatility. The premium, in Park’s view, 
may reflect a different kind of buyer entering the Bitcoin options market. 
Unlike much of the offshore options complex, IBIT options can extend more than 
two years out, giving investors access to longer-tenor upside exposure through 
a regulated US product. That duration may be drawing demand from retail 
investors seeking leveraged participation in a potential Bitcoin rally without 
the same constraints typically associated with offshore venues. Related 
Reading: Bitcoin To $125,000: Arthur Hayes Says The Setup Is Turning Bullish 
“Where is that five points spread coming from? My guess is that there&#8217;s a lot 
of retail demand for upside participation in a longer tenor than what is 
promised usually on Deribit because IBIT options go out two years plus,” Park 
said. “And so my bold prediction is that we&#8217;re going to see a big Bitcoin move 
up.” Park’s thesis centers on the interaction between options positioning and 
Bitcoin’s scarcity. If IBIT options continue to gain market share, and if 
upside call demand forces dealers or other market participants to hedge 
dynamically, the resulting gamma effects could add momentum to a rising 
market. In that setup, options activity would not merely reflect bullish 
sentiment; it could help amplify it. “My prediction is that it is going to be 
led by IBIT options and the reflexive nature in which the gamma that is 
possibly created within something like Bitcoin due to its scarcity can really, 
really lead the next leg up in a meaningful way,” Park said. At press time, 
BTC traded at $75,937. Featured image created with DALL.E, chart from 
TradingView.com

Cryptocurrency price in CNY

Market Overview