Where We Stand
Bitcoin enters the week at $74,275, below the psychologically important $75,000 handle it defended through much of late October. The 7-day change sits at -0.6%, though the 30-day picture remains constructive at +13.7%. Ether has underperformed, trading at $2,131.80 after losing the $2,200 level, down 3.7% on the week. Solana is the standout, up 9.2% over seven days to $86.32, with XRP at $1.11, up 1.7%.
The flow backdrop turned defensive late last week. According to InflowScan data, the ETF complex logged two consecutive outflow sessions into Friday's close, snapping a mid-week inflow run that had included a $2.1B absorption on Wednesday. That reversal is the frame for this week's open.
Flow Momentum
The five-session sequence was choppy. InflowScan data show Monday and Tuesday registering modest outflows, Wednesday absorbing $2.1B of inflows, Thursday seeing heavy mixed activity, and Friday closing with $558M in net redemptions. The pattern is not a clean trend — it is a tape digesting a sharp mid-week risk-on impulse that failed to hold.
FlowScores entering the new week reinforce the picture of fragmented leadership. SOL leads at 43.1, followed by BTC at 39.4, ETH at 37.8, and XRP at 31.4. All four readings sit below the 50 midpoint, consistent with a market where no asset currently commands dominant flow conviction.
Key Levels to Watch
For bitcoin, the lost $75,000 pivot now becomes resistance. A reclaim would re-open the path toward the recent $78,000 zone; failure to reclaim keeps focus on the $72,000–$73,000 band as the next observable support shelf. The 30-day gain of 13.7% means the asset still carries a buffer, but the near-term posture has shifted defensive.
Ether has already broken $2,200, a level that had acted as support through late October. The $2,100 handle is the immediate zone to watch; a loss there puts the pre-rally base in play. Solana's break above $85 is the one constructive setup in the majors, though the 30-day gain of 15.6% suggests any pause would be consistent with normal consolidation rather than distress.
Funding Rate Setup
Perpetual positioning leans neutral-to-cautious. Binance perpetual funding shows BTC at +0.0029% and XRP at +0.0100%, both modestly positive. ETH funding sits at -0.0023% and SOL at -0.0024%, both marginally negative. None of the four readings are at extremes, which historically is associated with markets lacking directional conviction rather than markets primed for a squeeze in either direction.
Stablecoin Positioning
Dry powder contracted over the past seven days. InflowScan data show USDT supply at $176.8B, down $2.9B on the week, and USDC at $70.6B, down $1.1B. The combined ~$4B contraction is the largest weekly drawdown in recent sessions and runs counter to the pattern typically seen before sustained rallies, where stablecoin supply builds ahead of deployment. The reading is consistent with capital exiting rather than queuing.
Catalysts & Calendar
No major macro prints headline the week, which places the burden of narrative on the flow tape itself. The Monday and Tuesday ETF settlement reports will be the first read on whether Friday's outflow streak extends to a third session or breaks. A third consecutive outflow day would be the longest redemption streak since mid-October and would warrant heightened attention.
Beyond flows, watch for whether bitcoin can reclaim $75,000 on a closing basis, whether ether can stabilize above $2,100, and whether SOL's relative strength persists or fades as the broader complex consolidates. Stablecoin supply trajectory through mid-week will also indicate whether last week's $4B contraction was a one-off rebalance or the start of a broader deleveraging.