Daily Briefing

Bitcoin lost the $77K shelf to a two-week low of $76,270 as Trump's 'clock is ticking' Iran warning triggered $657M in liquidations — 89% longs. Brent topped $112, ETH slid to $2.1K, BTC ETFs bled $648M, and Trump's payment-rails executive order landed by evening.

Crypto posted its first green day in nearly a week on Wednesday after the Senate voted to curb Trump's Iran war powers, easing oil and yields. But falling futures open interest and year-low volatility suggest traders used the bounce to cut exposure, not chase it.

Bitcoin opened at $77,414 and bled to $76,270 as Iran tensions, $1B in weekly ETF outflows and a 5.1% 30-year yield converged. ETH hit $2,104, $814M in liquidations cleared the leveraged book (88% longs), and the Altcoin Season Index dropped to 30, deep Bitcoin Season.

Bitcoin slid to $77,000 intraday Sunday before bouncing near $78,200, ETH leaked to $2,190, and last week's $1B ETF outflow streak set the tone for Monday — with Warsh's first Fed comments and the CLARITY Act floor calendar both still open questions.

Bitcoin slid to $78,131 on Saturday as the 30-year Treasury yield touched 5.11%, ETF flows turned negative across BTC and ETH, and Friday's $437M long liquidation flush erased Thursday's CLARITY Act rally on Warsh's first day as Fed chair.

Friday's CLARITY Act rally faded fast as Kevin Warsh took the Fed chair from Powell, the bond market repriced higher across the curve, and Bitcoin slipped below $80,000. The CoinDesk 20 fell 2% with BNB the only gainer.