PBOC's first overnight reverse repo gives traders a new liquidity gauge, but one injection does not reset Bitcoin's fragile setup near $60K.

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	Forwarded this email? Subscribe here for more China issues $44B cash injection giving Bitcoin bulls a new signal as fear grips market PBOC's first overnight reverse repo gives traders a new liquidity gauge, but one injection does not reset Bitcoin's fragile setup near $60K. Jun 29   READ IN APP   Hello, Monday. China’s surprise ¥300 billion ($44B) overnight reverse repo from the PBOC provided a fresh short-term liquidity signal, but one injection has not repaired Bitcoin’s fragile setup near $60,000. Institutional demand is getting more selective, not stronger. Heavy Bitcoin and Ethereum ETF outflows alongside fresh buying in XRP and HYPE suggest large allocators are separating broad-market exposure from narrower bets tied to narrative, structure, or perceived idiosyncratic upside. That shift matters because Bitcoin’s biggest ETF can amplify selling when spot demand is thin, while the CLARITY Act’s odds have slipped and Ripple’s MiCA progress in Europe remains conditional, underscoring that even favored assets still face execution and regulatory tests before flows can broaden again. The global crypto market cap is $2.06 trillion, with a 24-hour volume of $76.52 billion. The price of Bitcoin is $59,798.32, and BTC market dominance is 58.0%. The price of Ethereum is $1,579.39, and ETH market dominance is 9.2%. The best-performing sector is BRC-20, which gained 16%. The Crypto Fear & Greed Index is currently Extreme Fear (12). 📰 Top News China issues $44B cash injection giving Bitcoin bulls a new signal as fear grips market PBOC’s first overnight reverse repo gives traders a new liquidity gauge, but one injection does not reset Bitcoin’s fragile setup near $60K. Institutions dumped Bitcoin and Ethereum ETFs but still bought XRP and HYPE again Bitcoin and Ethereum ETF outflows dwarfed XRP’s weekly inflow, while selective demand for XRP and HYPE wrappers showed institutions separating broad crypto risk from targeted altcoin exposure. Bitcoin’s biggest ETF is becoming the sell wall bulls have to break IBIT still dominates the spot Bitcoin ETF market, but Farside’s latest flow data shows its scale can now work in reverse when Bitcoin needs fresh spot demand around $60,000. Ad: Self-custody in 2026: why holding your keys is only the first step In 2026, control is not enough; execution matters too Buy Borrow Die Guide Series: Capital preservation in practice: how major players use high-LTV crypto-backed loans A practical guide to using high-LTV crypto-backed loans to unlock liquidity without selling, covering LTV, liquidation thresholds, risk monitoring, loan recovery, and cross-collateralized portfolio management. Brought to you by CoinRabbit. 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