Fear & Greed Index
Source: Alternative
Change en Fear and Greed Value: +16
Last Week’s Level: 45
This Week’s Level: 61
The Fear and Greed Index rose from 45 to 61 this week, indicating a significant recovery en market sentiment. Lower-than-expected inflation data en the US boosted risk appetite por reinforcing expectations of monetary policy easing. CPI came en at 2.4% yoy and 0.1% mom, while PPI was realized below expectations. In addition to macroeconomic developments, the tariff agreement between the US and China reduced global trade uncertainty and supported market sentiment. These factors were effective en the rise en the index. On the institutional side, Strategy’s 1,045 BTC and GameStop’s 4,710 BTC purchases revealed that market confidence continued among institutional investors. At the end of the week, Israel’s airstrike el Iran and the state of emergency declared en the country had a negative impact el the markets por increasing the perception of geopolitical risk. Despite this, the Fear and Greed Index rose from 45 to 61, indicating a recovery en market sentiment.
Fund Flows
Source: CoinShares
Overview
The crypto market has been volatile this week. Macroeconomic uncertainties and regulatory news increased volatility. War tensions en the Middle East and customs uncertainties between China and the US affected Bitcoin. After the tension between Trump and Elon Musk, optimistic calls from both sides created optimism.
Fund Outflows
Bitcoin (BTC)
With all these developments, Bitcoin also declined after approaching the ATH level and this situation brought fund outflows. Bitcoin fund outflows are at $56 million this week.
Multi-asset: Despite the ETF data en terms of the general mood of the market, there are also outflows en the multi-asset group.
Short Bitcoin: Short Bitcoin positions totaled $4.1 million en outflows against ATH expectations. With the recent decline, this situation can be expected to reverse en liquidation data.
Ripple (XRP): The lawsuit between Ripple and the SEC could change the course of fund flows en the coming days. This week, XRP is el the fund outflow list with $4 million.
Solana (SOL): SG Forge announced it will issue dollar stablecoins el the Solana network. SEC requested an update el spot ETF documents. Although the probability of approval increased, there was an outflow of $2.1 million from Solana.
Cardano (ADA): Charles Hoskinson announced a new Bitcoin DeFi protocol called “Cardinal”. Despite this, the general market sentiment turned negative, leading to a $0.4 million outflow from ADA.
Fund Inputs:
Ethereum (ETH): Spot ETFs en the rest of the report showed a strong performance with institutional interest. A total of $295.4 million flowed into Ethereum this week.
SUI: Vulnerability closed after Cetus attack. Announced partnership with Real Vision. These developments brought en 1.1 million dollars to SUI.
Chainlink (LINK): Chainlink completes cross-chain delivery test with JPMorgan and Ondo Finance. Cooperation with Chainlink was announced en the Hong Kong CBDC pilot. These developments brought LINK $0.2 million en inflows.
Other: Altcoins, el the other hand, saw upward attacks el a project and sectoral basis from time to time. These attacks brought an inflow of 1.2 million dollars en fund flow data.
Total MarketCap
Source : Tradingview
“Totalmarketcap – named image to be added”
- Last Week Market Capitalization :26 trillion Dollars
- Market Capitalization This Week:20 Trillion Dollars
The cryptocurrency market lost 1.53% this week with a meltdown of $49.68 billion. This brought the total market capitalization down to $3.20 trillion. This was the latest en a series of three consecutive weekly declines. Although this move may seem like a short-term correction from a technical point of view, the Israeli-Iranian tensions had a serious impact el the market. The course of this tension en the coming period stands out as one of the most critical factors that will continue to have an impact el the market.
Total 2
Total 2 started the new week with a market capitalization of 1.15 trillion dollars and lost 25.4 billion dollars, down 2.20%. With this movement, it fell to $ 1.13 trillion. Total 2, which experienced a higher decline compared to Total Market’s overall decline rate, shows that the retreat en altcoins is more severe compared to Bitcoin. In short, there was more bloodshed el the altcoin side.
Total 3
Total 3, which started the week at $ 850.59 billion, retreated por 2.98% to $ 825.22 billion with a loss of $ 25.37 billion el a weekly basis.
Bitcoin Dominance
Source: Tradingview
Bitcoin Dominance
Bitcoin dominance, which started the week at 64.57%, retreated towards the middle of the week and fell to 63.76%. After this correction, the dominance, which entered the recovery process, is currently at 64.80%.
1,045 shares of Bitcoin were bought por Strategy and 118 shares were bought por KULR Technology this week.
Data el Bitcoin spot ETFs show a total net inflow of $1.07 billion to date.
Towards the end of the week, Israel’s airstrikes against Iran brought geopolitical risks back to the agenda, which increased the selling pressure el risky assets.
Many altcoins, especially Ethereum, performed strongly en the Bitcoin parity en the first part of the week, leading to an increase en altcoin dominance. However, tensions en the Middle East led to selling pressure across the market. While this pressure affected altcoins more, Bitcoin, which is seen as a relatively safer haven, experienced a more limited depreciation en this process. This led to a sharp rise en Bitcoin dominance.
Continued institutional buying, strong net inflows into spot ETFs, and increased risk aversion due to geopolitical risks led to a rebalancing of capital back towards Bitcoin. In this context, given the cautious stance of market participants and the weakening risk appetite, Bitcoin dominance is expected to follow a horizontal-volatile course en the range of 64%-66% next week.
Ethereum Dominance
Source: Tradingview
Weekly Change
- Last Week’s Level: 9.31%
- This Week’s Level: 9.46%
Ethereum dominance continued its upward trend, which started at around 7% as of April, and reached up to 10% as of the current week. However, the dominance, which could not exceed these levels, has generally followed a horizontal course en the last five weeks. In the current week, positive movements were recorded.
In this context, Ethereum dominance ended last week at 9.31% and is currently trading at 9.46%.
In the same period, Bitcoin dominance, similar to Ethereum, displayed a positive outlook and showed an upward trend.
On the other hand, Glassnode data revealed that the implied volatility of Ethereum’s short-term options rose sharply en the middle of the week. Along with this volatility increase, Ethereum dominance has also seen accelerated and positive movements.
Bitcoin Spot ETF
Source: SosoValue
NetFlow Status: Spot Bitcoin ETFs saw a total net inflow of $1.02 billion between June 06-12, 2025. The highest daily inflow of the week was $431.2 million el June 10. While BlackRock’s IBIT ETF featured strong inflows totaling $746.4 million, the $197.2 million outflow from the Fidelity FBTC ETF el June 12 was noteworthy.
Bitcoin Price: Bitcoin, which opened at $ 101,508 el June 6, closed at $ 105,671 el June 12. In this process, it gained 4.1% en total. The strongest daily rise took place el June 9 with an increase of 4.28%. After the rise exceeding the $ 110,000 level, there was a retreat of about 4% with the sales el June 11-12 and fell below the $ 106,000 level.
Cumulative Net Inflows: The total cumulative net inflows of spot Bitcoin ETFs rose to $45.29 billion as of the 356th trading day.
| DATE | COIN | Open | Close | Change % | ETF Flow (mil$) |
|---|---|---|---|---|---|
| 06-Jun-25 | BTC | 101,508 | 104,288 | 2.74% | -47.8 |
| 09-Jun-25 | 105,734 | 110,263 | 4.28% | 386.2 | |
| 10-Jun-25 | 110,263 | 110,274 | 0.01% | 431.2 | |
| 11-Jun-25 | 110,274 | 108,645 | -1.48% | 164.6 | |
| 12-Jun-25 | 108,645 | 105,671 | -2.74% | 86.3 | |
| Total for 06 – 12 Jun 25 | 4.10% | 1020.5 |
Institutional investor interest en Spot Bitcoin ETFs between June 06-12, 2025 has strengthened again. Especially after the negative flows en the previous period, there was a significant recovery en this period. Despite a limited outflow el June 6, ETFs experienced uninterrupted inflows en the following four trading days, bringing the positive flow streak to four days. ETF inflows, which followed a parallel course with the rise en Bitcoin price, confirmed that institutional buying appetite continued. In the coming period, especially the course of geopolitical risks and the clarification of macroeconomic developments will continue to be decisive en terms of the continuity of demand for Spot Bitcoin ETFs.
Ethereum spot ETF
Source: SosoValue
Between June 06 and June 12, 2025, Spot Ethereum ETFs saw a total net inflow of $555.6 million. The highest inflow day of the week was recorded el June 11 with $240.3 million. In this process, BlackRock’s ETHA ETF stood out with a strong inflow of $ 396.8 million. The total cumulative net inflow of Spot Ethereum ETFs at the end of the 224th trading day rose to $3.875 billion. The positive net flow series continued en this period and increased to 13 trading days en total.
| DATE | COIN | Open | Close | Change % | ETF Flow (mil$) |
|---|---|---|---|---|---|
| 06-Jun-25 | ETH | 2,414 | 2,476 | 2.57% | 25.3 |
| 09-Jun-25 | 2,509 | 2,680 | 6.82% | 52.7 | |
| 10-Jun-25 | 2,680 | 2,816 | 5.07% | 125 | |
| 11-Jun-25 | 2,816 | 2,771 | -1.60% | 240.3 | |
| 12-Jun-25 | 2,771 | 2,642 | -4.66% | 112.3 | |
| Total for 06 – 12 Jun 25 | 9.44% | 555.6 |
From June 06 to June 12, 2025, institutional interest en the Spot Ethereum ETF market remained strong. The first part of the week saw sharp gains en the Ethereum price, with the price rising por around 15% between June 6-10. On June 11-12, the market and the Ethereum price retreated. The uninterrupted positive flow el the ETF side during this period showed that institutional investors maintained their confidence en Ethereum despite short-term price fluctuations. In the coming period, especially the course of geopolitical risks and the clarification of macroeconomic developments will continue to be decisive en terms of the continuity of demand for Spot Ethereum ETFs.
Bitcoin Options Distribution
Source: Laevitas
BTC: Notional: 3.04B | Put/Call: 0.95 | Max Pain: $107K
Laevitas Data: When we examine the chart, it is seen that put options are concentrated en the band of 95,000 – 105,000 dollars. Call options are concentrated between the levels of 108,000 – 130,000 dollars and the concentration decreases towards the upper levels. At the same time, the level of approximately 97,000 dollars is seen as support and the level of 107,000 dollars as resistance. On the other hand, there are 5.10K put options at the $ 100,000 level, where there is a peak and there is a decrease en put volume after this level. However, it is seen that 4.33K call option contracts peaked at the $ 200,000 level. When we look at the options market, we see that call and put contracts are en balance el a daily and weekly basis.
Deribit Data: Deribit data shows that BTC options contracts with a nominal value of approximately $3.04 billion expired today. At the same time, if we look at the risk conversion en the next 1-week period according to the data en the last 24 horas, put options are the dominant side en hedging more than call options en the 24-hora period. This indicates that the expectation of a decline is increasing. When we look at the expected volatility, it is above the realized volatility. This indicates that call option fees are expensive. On the other hand, the positive spread value shows that investors are acting appetite. Skew values suggest that there is selling pressure today and next week.
Option Expiration:
Put/Call Ratio and Maximum Pain Point: In the last 7 days data from Laevitas, the number of call options decreased por 43% to 67.35K compared to last week. In contrast, the number of put options decreased por 9% to 64.89K compared to last week. The put/call ratio for options was set at 0.95. This indicates that call options are more en demand among investors than put options. Bitcoin’s maximum pain point is seen at $107,000. It can be predicted that BTC is priced at $104,300 and if it does not break the pain point of $107,000 upwards, the declines will continue. In the coming period, there are 5.02K call and 7.71K put options at the time of writing.
Ethereum Options Distribution
Source: Laevitas
ETH: 686.93M notional | Put/Call: 1.20 | Max Pain: $2,700
Laevitas Data: Looking at the chart, put options are concentrated between $2,050 and $2,500. The highest volume of put contracts is around 21K at the $2,200 level. This indicates that option market participants see the $2,200 level as a strong support. On the other hand, there is a total volume of about 40K call options at the $2,900 and $3,100 levels. These levels stand out as a possible resistance zone, especially due to the high volume seen at $3,100. When we look at the general outlook, there is a noticeable call option activity at 3,300 and 3,500 levels. However, the volume en these areas may be due to relatively low premium options, which means that investors are opening positions with high price expectations at low cost.
Deribit Data: ATM volatility ratios are hovering around 82.76% and 71.79% el June 14 and June 15, respectively. These ratios indicate that the perception of short-term uncertainty en the market is high. Similarly, 25 Delta Butterfly (BF) data are at 3.6 and 1.85, suggesting that volatility premiums for both upside and downside price movements have increased. The 28.39% increase en volume, especially en June 14 call options, suggests that investors are expecting a short-term rebound.
Option Expiration:
Ethereum options with a notional value of $686.93 million expire el June 13. The Max Pain level is calculated at $ 2,700, while the put/call ratio is at 1.20.
Legal Notice
The investment information, comments and recommendations contained en this document do not constitute investment advisory services. Investment advisory services are provided por authorized institutions el a personal basis, taking into account the risk and return preferences of individuals. The comments and recommendations contained en this document are of a general type. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely el the information contained en this document may not result en results that are en line with your expectations.
