Whales Accumulate as Crypto Range Narrows Amid Macro Tailwinds

Key Takeaways

• BTC continued to trade between the $100,000–$105,000 range, opening the day at the lower band of $101,900.
• Renewed ETF outflows saw Bitcoin lose –$278 million, while Ethereum lost –$184 million. Solana continues to outperform with an addition of +$18.06 million.
• Futures positioning: open interest slipped by –3.58% to $66.14 billion with liquidations worth $186.47 million, majority of them,  long liquidations.
• Whales accumulation continues with over 45,000 BTC added this week, the second-largest accumulation of 2025.
• Macro tailwinds: U.S. government officially reopens after House passes spending bill with China–U.S. trade tone continuing to soften; aiding global liquidity.