Prediction market volume scales every month, as resolution infrastructure 
becomes a bottleneck. Opaque outcomes drive capital to headline markets only.

Prediction markets will scale as far as their resolution infrastructure allows

Bitcoin ETFs extended their inflow streak to four straight days with $54 
million in new capital. Ether funds also remained strong with a third day of 
inflows, while solana ETFs posted gains and XRP ETFs slipped into outflows. 
Bitcoin ETFs Add $54 Million While Ether Posts Third Straight Gain 
Institutional demand for crypto exchange-traded funds […]

Bitcoin, Ether ETFs Stay Green as XRP Funds See Outflows

Capriole Investments founder Charles Edwards says Bitcoin has moved into a 
historically attractive accumulation area, but not yet the kind of deep- 
discount zone that defined the best buying opportunities of prior cycles. In 
his view, the setup is constructive for long-term holders, though still 
lacking the confirmation needed to call a durable bottom. Speaking with Crypto 
Consulting Institute’s Joe Shew, Edwards framed Bitcoin as “closer to the 
bottom than the top,” with multiple on-chain metrics pointing to value even as 
price action remains damaged. He stopped short, however, of calling the 
current range a standout opportunity. “Bitcoin I think you could summarize in 
a few words as it’s close to the bottom than the top,” Edwards said. “Broadly 
trending within a value range historically in terms of onchain data and 
metrics. That said, it’s not at the deep value range that would be really 
exciting for me that we’ve seen in prior cycles.” That distinction matters. 
Edwards said Capriole still holds a small net long Bitcoin position, but the 
levels that would make him “super excited” sit lower, around the production- 
cost band between roughly $50,000 and $60,000, with the low-to-mid $50,000s 
standing out as particularly attractive. Historically, he said, Bitcoin has 
spent months in that zone during major cycle lows. Related Reading: Bitcoin 
Bull Score Surges To 30, Exits ‘Extra Bearish’ Zone For investors with a 
multi-year horizon, Edwards argued that some exposure still makes sense. But 
he cautioned that value alone is not enough. “As with any asset, equities, 
anything, you can be in a value zone for a long time,” he said. What is 
missing, in his telling, is a convincing signal of renewed strength through 
either a deeper capitulation, a technical breakout, or more durable evidence 
of demand. Bitcoin Institutional Flows Improving, But Not Decisive One of the 
clearest positives in Edwards’ framework is institutional buying. He described 
net purchases from U.S. spot ETFs and roughly 200 treasury companies as one of 
the most important Bitcoin metrics today, especially when those inflows exceed 
daily mined supply. “If it’s net positive, especially if it’s above the amount 
of Bitcoin it’s mined per day, so it’s greater than the organic supply, then 
that is really positive,” he said. “We’ve seen all the major price 
appreciation when that’s net positive.” Still, he noted that most of those 
buyers remain underwater. According to Edwards, about 80% of ETFs and treasury 
vehicles are currently below cost basis, reinforcing what he called “typical 
bear market vibes.” A more meaningful signal, he said, would be strong flows 
holding for a week or two while Bitcoin stays above the $70,000 area, with a 
weekly close above roughly $71,500 acting as a line in the sand for a more 
bullish short-term outlook. Related Reading: Bitcoin May Still Fall Under 
$10,000, Bloomberg’s McGlone Warns Even then, he warned that a rally into the 
mid-$70,000s or low $80,000s would not necessarily end the broader bearish 
structure. Quantum Risk Remains The Overhang The biggest reason Edwards is 
unwilling to get more aggressive is quantum computing risk, which he said is 
capping Bitcoin’s upside in a way previous cycles never had. He argued the 
market has already priced in much of that concern, but until Bitcoin Core 
developers begin treating it as a serious priority, upside may remain 
constrained. “I honestly think we may not see new all-time highs until it’s 
addressed by the core team,” Edwards said. “The opportunity is actually skewed 
to the upside in that as soon as you get two or three or four core developers 
to start talking about it openly about solving it, I think we can get 
significant repricing to the upside.” That leaves Bitcoin in an unusual 
position. Edwards sees a macro backdrop that should favor hard assets, with 
strong liquidity conditions and gold in a long-term outperformance regime 
against equities. Under normal circumstances, he suggested, that would be a 
supportive environment for Bitcoin too. For now, though, he sees a market in 
value territory rather than true deep value, promising, but not yet 
compelling. At press time, BTC traded at $71,466. Featured image created with 
DALL.E, chart from TradingView.com

Charles Edwards Says Bitcoin Is In A Value Zone, But Not Yet At Deep Value

The PI surge highlights the growing influence of exchange listings on altcoin 
market dynamics, potentially reshaping crypto investment strategies.
The post Pi Network&#8217;s PI surges over 30% as Kraken listing lifts it into top- 
ranked altcoins appeared first on Crypto Briefing.

Pi Network’s PI surges over 30% as Kraken listing lifts it into top-ranked altcoins

Cointelegraph Brasil has reappeared in Google’s index after a period of 
disappearance, highlighting the fragile control crypto publishers have over 
search-driven visibility amid global algorithm updates. After spotting 
Cointelegraph Brasil content in Top Stories and reviewing the site’s technical 
setup,…

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