Crypto Daybook Americas: Institutions Stack In as Bitcoin’s Beneficial Asymmetry Continues
Your day-ahead look for June 16, 2025
June 17, 12 p.m.: Lido to hist its 29th Node Operator Community Call.June 18, 10 a.m.: Filecoin to host a session on unlocking Filecoin’s hot storage era.June 19, 9 a.m.: TON to host a Builders Call: Payments Edition.UnlocksJune 17: ApeCoin (APE) to open 1.95% of its circulating supply worth $10.37 million.June 18: Fasttoken (FTN) to unlock 4.65% of its distributing supply worth $88.80 million.June 18: Sonic (S) to unlock 1.68% of its distributing supply worth $16.12 million.June 30: Optimism (OP) to unlock 1.83% of its flowing supply worth $18.05 million.July 1: Sui (SUI) to open 1.3$ of its distributing supply worth $130.23 million.July 2: Ethena (ENA) to unlock 0.67% of its circulating supply worth $11.85 million.Token LaunchesJune 17: Spark (SPK) to be noted on Binance, KuCoin, Bithumb, Bybit, Bitget, MEXC, and others.June 26: Coinbase to delist Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN) and Synapse (SYN). Market MovementsBTC is up 1.17% from 4 p.m. ET Monday at $106,278.52 (24hrs: -0.67%) ETH is up 0.84% at $2,567.65 (24hrs: -2.06%) CoinDesk 20 is unchanged at 3,086.55 (24hrs: +0.81%) Ether CESR Composite Staking Rate is up 9 bps at 2.97% BTC financing rate is at 0.0042% (4.6308% annualized) on BinanceDXY is up 0.21% at 98.20 Gold futures are down 0.49% at $3,400.40 Silver futures are up 0.35% at $36.58 Nikkei 225 closed up 0.59% at 38,536.74 Hang Seng closed down 0.34% at 23,980.30 FTSE is down 0.51% at 8,829.82 Euro Stoxx 50 is down 1.24% at 5,273.24 DJIA closed on Monday up 0.75% at 42,515.09 S&P 500 closed up 0.94% at 6,033.11 Nasdaq Composite closed up 1.52% at 19,701.21 S&P/ TSX Composite closed up 0.24% at 26,568.61 S&P 40 Latin America closed up 1.32% at 2,642.67 U.S. 10-Year Treasury rate is down 2 bps at 4.434% E-mini S&P 500 futures are down 0.60% at 5,999.25E-mini Nasdaq-100 futures are down 0.61% at 21,807.25E-mini Dow Jones Industrial Average Index are down 0.64% at 42,264.00 Bitcoin StatsBTC Supremacy: 64.8 (-0.12%) Ethereum to bitcoin ratio: 0.02415 (1.43%) Hashrate (seven-day moving average): 929 EH/sHashprice (area): $53.71 Total Charges: 4.92 BTC/ $528,060 CME Futures Open Interest: 154,415 BTC priced in gold: 31.1 ozBTC vs gold market cap: 8.80% Technical AnalysisBitcoin’s 50-day basic moving average (SMA) has actually emerged as strong assistance for the largest cryptocurrency, restricting downside moves at least two times this month.A prospective break listed below the average could welcome more powerful selling pressure, yielding much deeper losses. Crypto EquitiesStrategy (MSTR): closed on Monday at $382.25 (-0.16%), pre-market down 2.09% at $374.28 Coinbase Global (COIN): closed at $261.57 (+7.77%), pre-market down 1.85% at $256.73 Circle (CRCL): closed at $151.06 (+13.1%), up 6.06% pre-market at $160.30 Galaxy Digital Holdings (GLXY): closed at C$ 26.33 (+2.93%) MARA Holdings (MARA): closed at $15.32 (+1.86%), pre-market down 1.76% at $15.05 Riot Platforms (RIOT): closed at $10.17 (+4.63%), pre-market down 2.26% at $9.94 Core Scientific (CORZ): closed at $12.08 (+1.6%), pre-market down 1.08% at $11.95 CleanSpark (CLSK): closed at $9.62 (+3.44%), pre-market down 2.29% at $9.40 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $19.7 (+4.45%) Semler Scientific (SMLR): closed at $30.52 (+3.18%) Exodus Movement (EXOD): closed at $32.76 (+4.43%), pre-market down 0.18% at $32.7 ETF FlowsSpot BTC ETFsDaily net flows: $408.6 millionCumulative net flows: $46 billionTotal BTC holdings ~ 1.22 millionSpot ETH ETFsDaily net circulations: $21.4 millionCumulative net circulations: $3.89 billionTotal ETH holdings ~ 3.96 millionSource: Farside InvestorsOvernight FlowsChart of the DayThe chart shows fund supervisors are most underweight on the U.S. dollar in 2 years.Polymarket Chances on U.S. Military Action Against Iran Slide as Trump Team Proposes Tehran Talks (CoinDesk): Odds on the decentralized wagering platform fell to 46% after Axios reported that the U.S. might ask envoy Steve Witkoff to meet Iranian Foreign Minister Abbas Araghchi this week.Deribit Sees Strong Demand From Institutions, Volume on Its Block RFQ Tool Reaches $23B in 4 Months (CoinDesk): The crypto derivatives exchange’s Block Request-for-Quote (RFQ) tool now accounts for 27.5% of block trades, signifying strong institutional need for performing big crypto derivatives transactions without affecting public order books.Central Banks Plan to Boost Gold Reserves and Trim Dollar Holdings (Financial Times): Nearly all main banks surveyed by the World Gold Council say they anticipate to raise gold reserves within a year, while 75% predict cutting dollar holdings by 2030.
