Daily Crypto Signals: Bitcoin Holds Above $113,000, Ethereum Proposes Fee Market Overhaul Amid Record ETF Outflows
Bitcoin maintains its position around $113,000 despite whale profit-taking concerns, while Ethereum faces its largest-ever single-day ETF
Quick overview
- Bitcoin remains stable around $113,000 despite concerns over whale profit-taking.
- Ethereum experienced its largest single-day ETF outflows of $465 million, breaking a 20-day inflow streak.
- The SEC provided clarity on liquid staking regulations, while President Trump may issue an executive order addressing debanking claims in the crypto sector.
- Ethereum developers are proposing significant changes to the fee structure to improve user experience amid increasing competition from other blockchains.
Bitcoin BTC/USD maintains its position around $113,000 despite whale profit-taking concerns, while Ethereum ETH/USD faces its largest-ever single-day ETF outflows of $465 million. The crypto market sees regulatory clarity with new SEC guidance on liquid staking and potential Trump administration action on debanking claims.
Crypto Market Developments
This week, the cryptocurrency market was very volatile. Institutional investors pulled back from Ethereum ETFs, but Bitcoin stayed strong above important psychological levels. The US Securities and Exchange Commission (SEC) made things a lot clearer by saying that some liquid staking activities are not covered by securities rules. This is a big step toward clearer digital asset regulation under new leadership.
Reports say that President Donald Trump is getting ready to issue an executive order to look into the crypto sector’s claims of debanking. This might help with long-standing complaints about banks ending their relationships with digital asset companies. This news comes as the industry tries to repair its ties with traditional banks after years of regulatory uncertainty under the last administration.
At the same time, Ethereum developers are trying to fix problems with the fee structure that keep coming up. They have a new proposal that might affect the way users deal with the network’s transaction charges in a big way.
Bitcoin Tests Support at $113,000
Bitcoin is holding firm at $113,000 after being turned down again by the $120,000 resistance zone. However, on-chain data shows that the market is changing in ways that suggest this stability may not last. A look of whale behavior shows that there is a delicate balance between distinct groups of investors. For example, “old whales,” or individuals who have owned Bitcoin for more than a year, have not been making money since early 2025. These long-term holders, who bought their shares for an average of $39,400, seem to be waiting for prices to go up before they start selling again.
When you look at newer institutional investors, whose average cost base is about $105,300, the picture gets even worse. This level is now an important psychological breakeven mark. As long as Bitcoin stays above it, new whales are unlikely to sell a lot. But analysts say that if the price drops below $105,000, these new investors would start acting in a risk-off way, which could make the current market conditions go from modest profit-taking to panic selling. Adding to worries, Bitcoin deposits to the big exchange Binance have been steadily rising after months of falling, which could mean that more people are selling in the near future.
Ethereum Sees $465 Million in Outflows
Ethereum (ETH) suffered its worst day since spot ETFs were launched, with a record $465 million in net outflows on Monday. This broke a 20-day sequence of inflows that had made the market feel good. BlackRock’s iShares Ethereum Trust lost the most money during this migration, with around $375 million leaving the fund. However, it still has a total net inflow of $9.3 billion. This big change happened at the same time as ETH fell to $3,380 during the weekend, which was a 12% loss from its Thursday high of $3,858. By Tuesday, it had risen back to $3,629.
The selling pressure comes at a time when Ethereum developers are suggesting big changes to the network’s fee structure through EIP-7999, which was created by co-founder Vitalik Buterin and developer Anders Elowsson. The goal of this idea is to create a single, multidimensional fee market that would let users choose a single maximum charge for different resources. This could help with long-standing problems with managing gas fees.
The timing is especially important because Ethereum is facing more and more competition from other blockchains. In 2024, Ethereum made $2.48 billion in fees, but competitors like Tron and Solana saw huge increases. Tron’s fees more than doubled to $2.15 billion, and Solana’s fees skyrocketed 2,838% to $750 million. The proposed changes to the fee market and the 95% drop in average gas fees after the Dencun upgrade show that Ethereum is still trying to stay ahead of the competition in an ever-growing blockchain space.
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