Bitcoin ETFs post back-to-back outflows as rising Treasury yields and $102 oil drag crypto lower

The day's selling pressure had two clear drivers working together. First, Bitcoin ETFs recorded a second consecutive day of net outflows — fund redemptions piling up over back-to-back sessions signal that institutional buyers are stepping back, not in. Second, the macro backdrop turned unfriendly: Treasury yields climbed and Brent crude crossed $102 a barrel, a combination that typically pulls capital away from risk assets like crypto. When borrowing costs rise and energy prices spike, investors tend to reduce exposure to speculative positions first. The damage was uneven across the market. Dogecoin fell nearly 6%, and Uniswap dropped close to 10% — both reflecting the pattern where speculative and DeFi governance tokens absorb outsized losses when sentiment sours. BNB fell 4.4% and Solana slid 2.4%, while Bitcoin and Ethereum held up relatively better at -1.25% and -0.76% respectively. The one countertrend move came from Monero, up 2.3%, which extended a run that appears tied to renewed interest in privacy-focused coins — a theme that gained traction after Zcash's ETF-related momentum in the prior session. Some capital rotated into assets that are harder to trace as macro uncertainty increased. Coinbase CEO Brian Armstrong publicly called this Bitcoin's cycle bottom, predicting an uptrend over the next two years. That kind of statement can support sentiment near a key price level — Bitcoin is hovering just below $78,000 — but it did not reverse the day's outflow-driven pressure.

• –Singapore Exchange (SGX) opened bitcoin and ether perpetual futures to U.S. institutional clients, expanding regulated derivatives access beyond existing U.S.-listed venues.
• –A politically themed memecoin called 'Hunter Biden's LAPTOP' collapsed 98–99% on its launch day, with the team blaming sniper bots and thin liquidity — traders reported six-figure losses within hours of the token going live.
• –Dogecoin's 5.9% drop made it the worst performer among major tracked assets, with analysts pointing to a broad rotation out of memecoins and small-cap tokens as the session's primary selling pressure.