Bitcoin steadied near 108,600 aftera U.S. courtstruckdown former President Trump’s tariff regime, sparking a risk − on rally in equities and crypto. Meanwhile, Ether surged 3.82,780, buoyed by strong ETF inflows and bullish derivatives positioning.
Key Market Moves:
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Bitcoin Stability: BTC held firm despite large wallets (10K+ BTC holders) shifting to profit-taking, with exchange deposits rising.
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Ether Strength: Spot ETH ETFs saw 84.9Mininflows∗∗(8straightdaysofdemand),whileSOLecosystemscoreda∗∗1B fundraise.
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Altcoin Action: TON, PEPE, and FLOKI led gains, while FARTCOIN and JUP lagged.
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Derivatives Signal Caution: BTC options skew turned bearish short-term, but ETH futures basis hit 10% annualized—hinting at institutional demand.
Macro & Regulatory Watch
📉 U.S. Court Rejects Trump Tariffs – Judges ruled the policy exceeded executive authority, lifting market sentiment.
💰 Fed Watch: Governor Adriana Kugler speaks today—markets eye any hints on rate cuts.
🌎 Global Data Ahead:
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U.S. Q1 GDP (2nd estimate) – Expected to show -0.3% contraction vs. prior +2.4%.
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Core PCE Inflation (Fri) – A key Fed gauge; forecasts suggest cooling price pressures.
Crypto-Specific Catalysts
🔹 FTX Repayments (May 30) – Second wave of creditor payouts begins.
🔹 Mezo Mainnet (May 31) – Bitcoin L2 launch could boost DeFi activity.
🔹 SEC Roundtable (June 6) – Focus on DeFi regulation, a critical event for policy clarity.
On-Chain & Derivatives Snapshot
🐋 Bitcoin Whales Selling: Large holders are taking profits near ATHs, but retail accumulation continues.
📊 Ether’s Bullish Setup:
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Spot ETF inflows at $2.9B total
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Perpetual funding rates remain positive
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CME ETH futures premium at 10% annualized
Top Gainers & Losers (24h)
🚀 TON (+12%) – Open interest in futures jumped 33% to $190M.
📉 FARTCOIN (-8%) – Meme coin underperforms amid profit-taking.
What’s Next?
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Bitcoin Consolidation? With whales selling, a deeper pullback to $105K is possible before another leg up.
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Ether’s Momentum: If ETF inflows persist, $3K could be next.
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Macro Risks: Weak GDP data today could revive recession fears, while strong PCE tomorrow may delay Fed cuts.
📌 Final Thought: Despite short-term profit-taking, the broader bull market remains intact, with institutional flows (BTC/ETH ETFs, SOL’s $1B fund) signaling long-term confidence.
