The SEC approved Nasdaq PHLX&#8217;s proposed rule change to list Nasdaq Bitcoin 
Index Options on May 22, clearing a major regulatory step toward bringing 
cash-settled Bitcoin volatility trading inside the US-listed options 
infrastructure. The contracts, ticker QBTC, are cash-settled in US dollars 
against a Bitcoin benchmark and fit within the same account and margin 
framework […]
The post Nasdaq’s Bitcoin options win SEC approval, but Wall Street’s real 
battle is still ahead appeared first on CryptoSlate.

The SEC approved Nasdaq PHLX&#8217;s proposed rule change to list Nasdaq Bitcoin Index Options on May 22, clearing a major regulatory step toward bringing cash-settled Bitcoin volatility trading inside the US-listed options infrastructure. The contracts, ticker QBTC, are cash-settled in US dollars against a Bitcoin benchmark and fit within the same account and margin framework &#8230;

Nasdaq’s Bitcoin options win SEC approval, but Wall Street’s real battle is still ahead

Bitcoin is struggling to push above $78,000 as the market faces uncertainty that has made directional conviction difficult to sustain. The price is grinding. Not breaking down catastrophically, but not advancing either. A CryptoOnchain report combining US Spot ETF flow data with Binance on-chain metrics has identified a structural divergence beneath the surface. Explaining why the recovery has stalled at precisely the moment it should be building momentum. Related Reading: FET Exchange Supply Is Quietly Disappearing – Discover Why Traders Are Watching Closely The report&#8217;s opening finding is the most alarming available in the current market structure. Over the past two weeks, US Spot Bitcoin ETFs have recorded net outflows exceeding $1.74 billion. The institutional bid that drove the most significant phase of Bitcoin&#8217;s recovery from the cycle lows has not simply paused — it has reversed. Wall Street is not buying the dip. It is selling into whatever strength the market produces. The Coinbase Premium Gap confirms the institutional withdrawal with independent evidence. The premium — which measures the price difference between Coinbase and offshore exchanges and functions as the most direct available gauge of US institutional spot demand — has crashed by 948% on a 90-day comparison, falling deep into negative territory. Two separate data points, measuring the same phenomenon from different angles, arrive at the same conclusion simultaneously. The institution that was buying Bitcoin is no longer buying Bitcoin. What CryptoOnchain has identified is who stepped in to take the other side of that exit — and the answer is the most alarming element of what the data is currently showing. Four Data Points That Show Who Is Selling The CryptoOnchain report traces exactly where the $1.74 billion in institutional supply is going after it leaves the ETF structure. Binance BTC Netflows have surged 425% above the 90-day baseline — a massive wall of spot supply arriving on the world&#8217;s largest exchange simultaneously. The composition of that supply adds the detail that removes any ambiguity about who is selling: coins aged six to twelve months are moving at a rate 450% above their historical baseline — the classic on-chain fingerprint of holders who accumulated during last year&#8217;s recovery and are now taking profits as institutional demand evaporates beneath them. The Great US Bitcoin Exodus | Source: CryptoQuant The dry powder that would be needed to absorb the incoming Bitcoin supply is not there. Supply is arriving. Buying power is leaving. The imbalance between those two flows is the structural condition that precedes forced price adjustment. The retail positioning data completes the picture — and it is the most alarming element of the four. Despite $1.74 billion in ETF outflows, a Coinbase Premium in deep negative territory, and a network valuation metric that has spiked 1,900% above baseline, Binance Funding Rates remain structurally positive at 434% above the norm. Retail traders are paying a premium to stay leveraged long in a market where institutional spot demand has collapsed, supply is flooding exchanges, and buying power has evaporated. The CryptoOnchain conclusion is direct. Heavy ETF outflows, shrinking stablecoin liquidity, and crowded retail longs have historically created the conditions for severe downward liquidation cascades. The structure is in place. The trigger — a return of institutional buying through positive ETF flows and a recovering Coinbase Premium — has not yet appeared. Related Reading: Kevin Warsh’s Fed Era Could Change Bitcoin Forever – Here’s The First Signal To Watch Bitcoin Consolidates Below $78K Bitcoin continues consolidating below the critical $78,000 resistance zone after failing to sustain momentum above the May highs near $82,000. The daily chart shows a market caught between weakening bullish momentum and still-active buyer support, creating a tightening structure that increasingly resembles a decision point rather than a stable consolidation. Bitcoin struggling below $78K level | Source: BTCUSDT chart on TradingView Technically, BTC remains above the 50-day moving average near the $75,000 region, which is currently acting as the market’s primary short-term support. Buyers have repeatedly defended this level during the recent pullback, preventing the price from revisiting the broader demand zone between $71,000 and $73,000 highlighted on the chart. That area now represents the most important structural support for the current recovery trend. Related Reading: Chainlink Sees Historic On-Chain Surge While Exchange Supply Keeps Shrinking – Details However, the inability to reclaim the descending 200-day moving average near the low-$80,000 region continues to limit upside expansion. Bitcoin briefly pushed into that resistance area earlier this month before sellers aggressively absorbed the breakout attempt, triggering a retrace back toward current levels. As long as BTC holds above $75,000, the broader recovery structure remains intact. But losing that level decisively would likely expose the market to a deeper correction toward the $71,000 support range. Featured image from ChatGPT, chart from TradingView.com

Bitcoin is struggling to push above $78,000 as the market faces uncertainty that has made directional conviction difficult to sustain. The price is grinding. Not breaking down catastrophically, but not advancing either. A CryptoOnchain report combining US Spot ETF flow data with Binance on-chain metrics has identified a structural divergence beneath the surface. Explaining why &#8230;

The Institutional Bitcoin Exit Is Real: Analyst Exposes Who’s On The Wrong Side Of The Trade

Bitcoin and Ethereum ETF outflows have accelerated, with institutional 
investors pulling nearly $2.7 billion from spot Bitcoin and Ethereum exchange- 
traded funds over the past two weeks. However, rather than signaling a broad 
exit from digital assets, market data reveal a historic divergence, with these 
allocators simultaneously rotating into newly launched alternative 
cryptocurrency funds like Solana, […]
The post Bitcoin and Ethereum ETF outflows expose rotation into HYPE, XRP and 
Solana appeared first on CryptoSlate.

Bitcoin and Ethereum ETF outflows have accelerated, with institutional investors pulling nearly $2.7 billion from spot Bitcoin and Ethereum exchange- traded funds over the past two weeks. However, rather than signaling a broad exit from digital assets, market data reveal a historic divergence, with these allocators simultaneously rotating into newly launched alternative cryptocurrency funds like &#8230;

Bitcoin and Ethereum ETF outflows expose rotation into HYPE, XRP and Solana

Hyperliquid has launched its first US macro event market using HIP 4 outcome 
contracts, letting traders bet USDC on the May 2026 CPI year over year print 
in a fully collateralized, no liquidation format that settles on June 10 off…

Hyperliquid has launched its first US macro event market using HIP 4 outcome contracts, letting traders bet USDC on the May 2026 CPI year over year print in a fully collateralized, no liquidation format that settles on June 10 off…

Hyperliquid debuts CPI prediction market with HIP 4 outcome contracts

Iraq&#8217;s output collapsed to 1.39M bpd amid US-Iran conflict, down from 4.1M 
bpd. Crude oil all-time high by Sept 30 at 26.5% YES.
The post Iraq oil output collapses to 1.39M bpd amid US-Iran conflict appeared 
first on Crypto Briefing.

Iraq&#8217;s output collapsed to 1.39M bpd amid US-Iran conflict, down from 4.1M bpd. Crude oil all-time high by Sept 30 at 26.5% YES. The post Iraq oil output collapses to 1.39M bpd amid US-Iran conflict appeared first on Crypto Briefing.

Iraq oil output collapses to 1.39M bpd amid US-Iran conflict

Indonesia has blocked access to the crypto-based prediction market platform 
Polymarket after the site opened a betting market on whether President Prabowo 
Subianto would leave office before his term ends in 2029. Indonesian 
Government Blocks Polymarket Over Online Gambling Laws The block was announced 
by Indonesia’s Ministry of Communication and Digital Affairs, known locally as 
[…]

Indonesia has blocked access to the crypto-based prediction market platform Polymarket after the site opened a betting market on whether President Prabowo Subianto would leave office before his term ends in 2029. Indonesian Government Blocks Polymarket Over Online Gambling Laws The block was announced by Indonesia’s Ministry of Communication and Digital Affairs, known locally as &#8230;

Nasdaq’s Bitcoin options win SEC approval, but Wall Street’s real battle is still ahead

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