A senior analyst from Fundstrat Global Advisors, a respected market research firm known for crypto and macro analysis, has presented a divergent outlook on Bitcoin (BTC) compared to prevailing sentiment. Rather than a single trend prediction, the analyst outlined multiple scenarios—ranging from continued consolidation to renewed upside if institutional inflows pick up or macro conditions improve.
Who they are:
Fundstrat Global Advisors is a research-driven financial firm that provides insights on equities, macroeconomics, and digital assets.
Bitcoin (BTC) is the largest decentralized cryptocurrency, often viewed as a store of value and hedge against inflation.
Money Supply & Market Impact:
From a money supply perspective, divergent outlooks reflect uncertainty around where capital is flowing. In the bullish scenario, increased BTC demand could tighten circulating supply as coins move off exchanges into long-term holding or regulated products like ETFs. In a bearish scenario, weaker demand could loosen supply, as holders sell or reposition capital into fiat or alternative assets, increasing liquid BTC on the market.
This dual framework underscores how liquidity conditions, macro policy, and investor behavior combine to shape Bitcoin’s price trajectory, reinforcing the importance of monitoring capital flows rather than price alone. $BTC
Bitcoin Market Sentiment Signals Risk of Further Downside
Bitcoin’s (BTC) current market sentiment is leaning bearish, with indicators such as weak demand, cautious positioning, and rising short-term selling pressure suggesting the potential for a further price decline in the near term. This reflects growing investor uncertainty amid macroeconomic data releases and shifting expectations around interest rates and liquidity.
Who they are:
Bitcoin (BTC) is the world’s largest cryptocurrency by market capitalization, widely used as a benchmark for the broader digital asset market.
Market sentiment indicators include on-chain data, derivatives positioning, and investor behavior, which together help gauge whether capital is entering or exiting the market.
Money Supply & Market Impact: From a money supply perspective, bearish sentiment often coincides with reduced capital inflows into BTC and increased distribution by short-term holders. This can expand liquid supply on exchanges, adding downward pressure on price. If risk appetite remains low and liquidity stays tight, BTC could face continued headwinds. Conversely, a shift in sentiment or renewed inflows could quickly absorb excess supply, stabilizing the market. $BTC
Bitdeer, a publicly traded Bitcoin mining and digital asset company, has reported a decline in its Bitcoin (BTC) holdings as part of its latest operational update.
Who they are: Bitdeer operates large-scale mining facilities and manages BTC production through hash power assets. Its BTC holdings are often watched as an indicator of miner accumulation behavior and institutional positioning.
Money Supply & Market Impact: From a money supply perspective, a reduction in BTC reserves increases liquid supply available for trading if the coins are sold or moved to exchanges. This can introduce short-term sell pressure and influence price dynamics, particularly if larger miners or institutions choose to rebalance portfolios amid market volatility. Tracking miner accumulation trends remains a key signal for broader demand and supply behavior in Bitcoin markets. $BTC
Ethereum Developers Plan ‘Glamsterdam’ Upgrade for 2026
Ethereum’s core development community has unveiled plans for a major network upgrade codenamed “Glamsterdam”, targeted for rollout in 2026. The proposal aims to enhance scalability, improve performance, and refine key protocol mechanics to support long-term growth of decentralized applications and institutional participation across the ecosystem.
Who they are:
Ethereum is the second-largest blockchain by market value, underpinning DeFi, NFTs, stablecoins, and tokenized real-world assets.
The developer community includes protocol researchers, client teams, and governance stakeholders collaborating on Ethereum Improvement Proposals (EIPs).
Money Supply & Market Impact: From a money supply perspective, the Glamsterdam upgrade does not alter Ethereum’s issuance schedule or total ETH supply directly. However, improvements in scalability and efficiency can boost network activity, encouraging more users to transact and deploy capital on-chain. Increased utility—especially in payments, DeFi, and tokenized assets—can enhance ETH liquidity and velocity, strengthening its role as core blockchain infrastructure while supporting broader capital flows into the Ethereum economy.
Overall, Glamsterdam is positioned as a foundational step toward scaling Ethereum for mass adoption while maintaining security and decentralization.
Citigroup Updates Outlook on Digital Asset Stocks Amid Market Volatility
Citigroup, a major global financial institution and one of the world’s largest banks, has revised its outlook on digital asset–related stocks in light of recent market volatility. These stocks include equities of firms heavily exposed to cryptocurrencies, blockchain infrastructure, and related financial services.
Who they are:
Citigroup (Citi) provides research and market analysis influencing institutional investor sentiment.
Digital asset stocks span miners, exchanges, and tech companies with significant crypto exposure.
Market & Money Supply Impact: From a money supply and liquidity perspective, Citigroup’s updated outlook may influence how capital flows between traditional equities and digital markets. If the bank’s guidance moderates risk expectations, it could encourage redistribution of capital into defensive assets or stable financial instruments, potentially reducing speculative liquidity in crypto-linked stocks. Conversely, positive revisions or confidence signals may attract institutional capital, deepening liquidity and supporting price stability within digital asset equities and related markets.
Changes in analyst outlooks can thus shape investment flows, affecting where and how existing money circulates across both traditional and digital financial ecosystems.
Analyst Highlights Ethereum’s Role in Global Dollar Liquidity Settlement
An industry analyst has emphasized Ethereum’s growing importance in facilitating global dollar liquidity and settlement mechanisms, particularly through stablecoins, decentralized finance (DeFi), and cross-border payment solutions.
Who they are:
Ethereum (ETH) is the second-largest blockchain network, widely used for issuing USD-pegged stablecoins like USDC and USDT, powering smart contracts, and enabling programmable finance.
Analysts tracking macro-crypto interactions look at how on-chain activity influences broader capital flows.
Money Supply & Market Impact: From a money supply perspective, Ethereum doesn’t create new fiat dollars, but it has become a major settlement layer for dollar-denominated value via stablecoins and tokenized money movements. As stablecoin issuance and usage grow on Ethereum, it boosts dollar liquidity on-chain, effectively increasing the velocity of digital dollars across DeFi, trading, remittances, and institutional settlement channels.
This dynamic enhances financial interoperability—allowing capital to move more efficiently than traditional rails—and can redirect parts of existing fiat liquidity into on-chain markets. The trend reflects Ethereum’s evolving role as a settlement infrastructure that complements legacy systems and supports broader dollar liquidity in the global digital economy. $ETH
U.S. Lawmakers Propose Tax Relief for Small Stablecoin Transactions
U.S. legislators have introduced a proposal to provide tax relief for small stablecoin transactions, aiming to reduce the reporting burden and tax complexity for everyday users of digital dollar-pegged assets. Stablecoins—such as USDC and USDT—are widely used for payments, remittances, and decentralized finance (DeFi) activity, but existing tax rules can treat routine transfers as taxable events, discouraging practical use.
Who they are:
U.S. lawmakers and congressional sponsors advocating for clearer, consumer-friendly tax treatment.
Stablecoins are digital tokens pegged to fiat currencies, often used as a proxy for dollars in on-chain transactions.
Money Supply & Market Impact: From a money supply perspective, tax relief could encourage broader stablecoin usage for small-value payments, increasing on-chain circulation of digital dollars without creating new fiat currency. By lowering friction around microtransactions, the proposal may boost liquidity flow within crypto payment systems, support everyday adoption, and reduce reliance on traditional payment rails. Clear tax rules can also attract more users and capital into regulated stablecoin ecosystems, strengthening their role as a bridge between fiat and digital finance.
Overall, the initiative reflects growing recognition of stablecoins’ utility beyond trading—toward real-world payments and everyday financial activity. $USDT $USDC
Tether Seeks Software Engineer for AI-Driven Mobile Wallet
Tether, the issuer of USDT, one of the world’s largest stablecoins, is hiring a software engineer to help build an AI-driven mobile wallet aimed at improving security, usability, and intelligent features for end users.
Tether’s expanding product focus reflects broader ambitions beyond stablecoin issuance, moving into wallet infrastructure and AI-enhanced user experiences.
Who they are:
Tether is a major digital asset company best known for USDT, a U.S. dollar-pegged stablecoin widely used for trading, payments, and liquidity across crypto markets.
Money Supply & Market Impact: While hiring for a mobile wallet doesn’t directly affect fiat or crypto money supply, it can boost stablecoin utility and circulation if the wallet drives higher USDT adoption. Greater use of stablecoins in payments and transfers increases money velocity—the rate at which money changes hands—enhancing liquidity flow within the crypto ecosystem and bridging digital assets with mainstream financial activity. $USDT
Bitcoin Miners Face Surrender Risk Amid Revenue Decline
Bitcoin miners—companies and individuals that secure the BTC network by validating transactions using specialized hardware—are reportedly facing increased surrender risk as mining revenue declines. This situation arises when the cost of mining (electricity, hardware, and cooling) outpaces the rewards earned from block subsidies and transaction fees, squeezing profitability.
Who they are:
Bitcoin miners include industrial operations, solo operators, and publicly traded mining firms that invest in computing power (hash rate) to earn newly minted BTC and fees.
Rising operational costs and lower BTC prices can pressure smaller or heavily leveraged miners.
Money Supply & Market Impact: From a money supply perspective, declining miner revenue can influence Bitcoin’s supply distribution and liquidity:
Surrender risk—where miners sell BTC reserves or idle machines—may increase short-term sell pressure, adding BTC back into open markets and raising liquid supply.
If unprofitable miners exit or scale back, the network hash rate may drop, temporarily slowing new BTC issuance until difficulty adjusts.
Larger, more efficient miners may accumulate BTC at lower marginal costs, shifting supply toward long-term holders and institutions.
Overall, falling miner revenue can reshape how BTC enters circulation and strengthen the hand of well-capitalized participants, affecting liquidity, price dynamics, and market structure in the crypto ecosystem. $BTC
Japanese Interest Rate Hike Spurs Crypto Market Recovery
A recent interest rate hike by the Bank of Japan (BoJ) has contributed to a rebound in the cryptocurrency market, as traders interpret the move as a sign of macroeconomic normalization and improved global liquidity expectations.
Who they are:
The Bank of Japan is Japan’s central bank, responsible for monetary policy, inflation targeting, and financial stability.
Crypto markets include major assets like Bitcoin (BTC) and Ethereum (ETH), whose prices often respond to macroeconomic shifts.
Market & Money Supply Impact: From a money supply perspective, higher interest rates in Japan can strengthen the yen and rebalance global capital flows, encouraging investors to reallocate risk assets more confidently. The rate hike may signal that inflation concerns are being managed, reducing uncertainty and helping restore risk appetite—which can support renewed capital inflows into crypto.
While BoJ tightening does not directly increase global money supply, the shift toward more normalized monetary policy can influence liquidity dynamics across markets. For crypto specifically, improved sentiment and capital rotation from FX and equities into digital assets can help reduce downward pressure, support price recoveries, and reinforce the narrative that macro trends remain relevant to crypto performance.
Solana Introduces New X Account Focused on Payment Solutions
Solana, a high-performance blockchain known for fast, low-cost transactions, has launched a new X (formerly Twitter) account dedicated to payment-oriented solutions within its ecosystem. This initiative aims to highlight developments, partnerships, and products that leverage Solana’s infrastructure for payments, remittances, and blockchain-enabled commerce.
Why it matters:
Solana is widely used in decentralized finance (DeFi), NFTs, and Web3 apps, and expanding messaging around payments underscores the network’s utility beyond speculative trading.
The new channel is designed to engage developers, enterprises, and users around payment innovations built on Solana.
Money Supply & Market Impact: From a money supply and liquidity perspective, clearer communication and ecosystem focus on payment use cases can boost stablecoin and token circulation on Solana’s network. As more users transact and move capital on-chain for real-world payments, this can increase the velocity of digital assets, enhancing liquidity across Solana-based markets without directly altering fiat issuance.
The initiative reflects broader industry trends toward blockchain as an infrastructure layer for global financial flows, where messaging and developer engagement help drive adoption and deeper market activity. $SOL
Circle’s USDC Circulation Declines by $1.3 Billion in One Week
Circle, the issuer of the USDC stablecoin, has reported a $1.3 billion decrease in total USDC circulation over the past week. USDC is one of the largest dollar-pegged stablecoins in the crypto ecosystem, widely used for trading, payments, and DeFi liquidity.
Who they are:
Circle is a regulated financial technology firm that issues USDC, backing each token with dollar reserves and short-term liquid assets.
Stablecoins like USDC serve as digital representations of fiat currency on blockchain networks.
Money Supply & Market Impact: A decline in stablecoin circulation often reflects redemptions—holders converting USDC back into fiat or shifting into other assets. From a money supply perspective, this reduces the effective on-chain digital dollar liquidity, which can temporarily tighten trading and settlement capacity within crypto markets. Lower USDC supply may decrease available capital for liquidity pools, margin trading, and DeFi activity, potentially leading to higher volatility if demand remains stable or rises.
This movement also signals cautious capital allocation by investors, who may be reallocating funds into safer assets, cash, or other stablecoins amid market conditions. Monitoring stablecoin supply trends remains important, as changes in digital dollar circulation can influence capital flows across the broader crypto ecosystem. $USDC
Bitcoin, the world’s largest cryptocurrency, has a fixed maximum supply of 21 million coins, with over 19.6 million BTC already mined, leaving only a small fraction yet to be issued. As block rewards continue to halve roughly every four years, the pace of new BTC entering circulation is steadily declining.
Why it matters:
Reduced mining issuance tightens new supply, increasing Bitcoin’s scarcity over time.
Miners increasingly rely on transaction fees rather than block rewards, reshaping mining economics.
Money Supply & Market Impact: From a money supply perspective, Bitcoin’s declining issuance acts as a form of structural monetary tightening. With fewer new coins entering the market while demand from institutions, ETFs, and long-term holders persists, supply pressure can support price stability or upside during periods of sustained demand. This contrasts with fiat systems, where money supply can expand, reinforcing Bitcoin’s narrative as a scarce digital asset and long-term store of value.