Lukewarm buoyancy
Bitcoin retraces amid aggressive ETF outflows, with subdued volumes. Derivatives traders stay defensive as the treasury bonanza escalates: Trump Media raises $2.3B to buy BTC.
Preview
Bitcoin saw a 4% decline this week, primarily due to ETF-related selling on May 29-30, with prices stabilizing between $104k and $106k amid low activity in both spot and derivatives markets. ETH showed relative strength, boosted by an SEC statement suggesting that staking on proof-of-stake blockchains may not require registration, which could open the door for staking features in ETH ETFs.At the Bitcoin 2025 conference, discussions around the U.S. strategic bitcoin reserve (SBR) yielded no concrete updates, though political support for Bitcoin was highlighted by JD Vance and Senator Lummis, who reintroduced the BITCOIN Act. The most significant announcement came from Trump Media, which revealed
