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Recently, after experiencing a net inflow for seven consecutive trading days, the US Bitcoin spot ETF saw a significant outflow, with a net outflow of $163.5 million on the 18th and an additional outflow of $51.9 million on the 19th, indicating a simultaneous weakening of market funds and prices. The price of Bitcoin briefly dropped below $70,000, highlighting that the fund flows into the ETF can no longer support its rebound, and the deteriorating macro environment is putting pressure on risk assets, leading to a noticeable contraction in investor preferences. The testing of the $70,000 threshold has become a barometer for short-term market sentiment.
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Bitcoin slides below $68,500 as Trump extends Iran deadline but war risks persist
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The RWA Yield Infrastructure Trade
What to know:
Direct RWA token exposure doesn't work. The economic value from tokenization accrues to curators and issuers, not governance tokenholders - Kamino's 80% deposit growth alongside a 16% token decline is the cleanest proof of this.
The leverage problem is the most interesting
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XRP is under selling pressure during the market-wide correction: What's next?
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Ethereum Caught Between Long and Short Squeeze Zones as Liquidation Risks Build
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