๐ Global & Macro: No major macroeconomic headlines this hour; focus remains on crypto market structure.
๐ฆ RWA & Institutional: No RWA or institutional developments reported in the past hour.
โก Crypto & Markets: Analyst Darkfost warns Bitcoin may have hit a local cycle top as sell-side pressure intensifies, raising caution over a near-term correction. On-chain data shows BTC’s chip distribution shifted from two-peak to three-peak over the past month, with dense trading zones at $78,544.70 and $84,040.19, indicating a rising cost basis and a new resistance band at $84,040.19.
๐ก Key Takeaway: Bitcoin faces mounting sell pressure after reaching a local top, while a maturing cost structure suggests $84K is the key hurdle for further upside.