The Weekly Wrap
Over the last 7 days:
- Bitcoin (BTC) down 4.52%
- Ethereum (ETH) down 6.76%
- XRP down 6.50%
- Solana (SOL) down 3.77%
Other movers:
Total crypto market cap fell 4.43% this week, now sitting around $2.39T, as markets continue to drift lower.
Fear and greed stayed in extreme fear sitting at 11.
ETF flows were mixed:
Bitcoin saw $95.18M in inflows, while Ethereum recorded $59.94M in outflows, suggesting more cautious positioning across large caps.
Looking across broader markets, momentum has softened. Gold is now up just 1.63% on the year, after previously pushing above 25%, while the NASDAQ is down 5.20% following recent volatility. Bitcoin remains under pressure, sitting down 19.95% year to date, highlighting continued weakness alongside risk assets.
Source: Tradingview, BTC, GOLD, NASDAQ
Macro: Aussie Fuel Watch
Fuel prices are starting to move higher again, with both petrol and diesel pushing sharply higher in recent weeks.
Australia currently holds around 38 days of petrol supply, with diesel and jet fuel closer to 30 days, highlighting relatively tight reserves as global supply chains remain under pressure.
While most of Australia’s fuel is sourced from Asia, those suppliers rely heavily on oil flowing through the Middle East, meaning disruptions in the region can continue to influence local prices.
Source: AIP.com.au
BTC
Bitcoin is down 4.52% on the week.
Short-term holder data shows recent activity is still dominated by realised losses, with more participants exiting positions at a loss rather than taking profits. This aligns with Bitcoin’s recent pullback and range-bound price action, suggesting continued weakness and limited short-term conviction.
Source: checkonchain
One notable chart this week is the Bitcoin seller exhaustion metric, which is sitting at relatively low levels at the time of writing. Historically, this kind of environment has been associated with periods where selling pressure starts to fade, often during slower, sideways market conditions. It’s typically when markets feel the most frustrating, with price moving in a range and sentiment cooling off. While this doesn’t predict what happens next, it highlights how market participation tends to thin out during these phases, before momentum has historically returned.
Source: bitview.space
ETH
Ethereum is down 6.76% on the week.
Price is currently sitting right on a long-term support trendline dating back to 2022, with a small bounce off the level this week.
This is a key level.
This trendline has held through multiple years of price action, making it a key area to watch as macro pressure builds.
Now the question becomes:
- Does ETH hold and stabilise?
- Or does it follow broader markets lower and lose this level?
If support breaks, the bigger question isn’t just if it drops, but how long it stays there.
Last time ETH bottomed in 2022, it didn’t rip straight away. It spent 450+ days consolidating before a 300%+ move followed.
Source: Tradingview ETH/USDT
ALTCOINS
Altcoins had a mixed week, with one clear winner and a lot of red elsewhere.
AI continues to lead the charge, jumping 27.30%,indicating continued interest in the narrative and attention as markets get more selective.
Meanwhile, it wasn’t as pretty across the rest of the market:
- DeFi slipped 8.16%
- Memecoins dropped 7.46%
- RWA pulled back 4.85%
Source: Coingecko categories
TRX
One of the few majors pushing against the trend was TRX, up 2.10% on the week.
The move comes alongside a notable announcement from TRON DAO, which has expanded its AI-focused investment fund from $100M to $1B, signalling a stronger push into the intersection of AI and on-chain infrastructure.
The fund is targeting areas such as:
- agent identity systems
- stablecoin-based payments
- tokenised real-world assets
- developer tooling for autonomous financial systems
Onchain Finance
A growing theme in crypto is the idea of bringing traditional financial markets on-chain.
This week, that took another step forward with the launch of an S&P 500 perpetual derivative contract on a decentralised platform, giving eligible investors access to 24/7 trading on a major equity index.
It’s part of a broader shift where financial products like equities, commodities and bonds are being recreated in digital form, allowing them to trade continuously rather than within fixed market hours.
That difference matters.
During recent geopolitical volatility, when traditional markets were closed, onchain platforms continued to price assets like gold and oil in real time.
Zooming out, this points to a bigger structural change where financial markets are gradually moving toward systems that are always on, globally accessible, and not bound by traditional infrastructure.
