BTC long-term holders showing strain. $54K flagged as next support. Only 1 narrative in the green this week: Prediction Markets.
Today's key developments:
• Bitcoin's long-term holders are showing weakening accumulation, with on-chain data pointing to $54,000 as the next support if $65,000 breaks.
• Ethereum's tokenized RWA market topped $17 billion, up nearly 315% year over year, even as the RWA narrative's market cap dropped 16.18% in the past week.
• Crypto slides alongside tech stocks and gold as the Bitcoin-Nasdaq correlation turns positive. Memecoins lead altcoin losses with the Meme narrative down 16.44% on the week.
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