Market Overview
The 24-hour tape reads bullish on flow, cautious on breadth. Cryptomat's internal market pulse prints 94 out of 100, an extreme-greed reading that slipped two points on the day, driven by 148 classified articles running 97.3% bullish and 2.7% bearish. Average article importance sits at 5.7, the kind of level that shows up when macro and idiosyncratic drivers stack on the same day.
They did. Goldman Sachs strategists told clients carry trades face their best backdrop in more than two decades, per Crypto Briefing, an assessment anchored on sustained yen weakness that has historically pushed capital into risk assets, crypto included. On the same wire, Citi rolled out 24/7 USD clearing with Siam Commercial Bank as the launch counterparty, and HSBC completed its first tokenized structured note issuance with Marketnode in Hong Kong.
The pulse doesn't square with breadth, though. Cryptomat's CryptoBeast composite averages 46.2 across 57 tracked tokens, and the bottom of the table is populated by AVAX, DOT, HBAR, MATIC, ICP and a long list of majors scoring 41 on the bearish label. Sentiment is a top-five story right now, not a market-wide one.
BTC & ETH
Ethereum is the flow leader. ZyCrypto reported Wednesday that spot ETH products extended their inflow streak to five sessions, with whale allocations doing the heavy lifting while Bitcoin