{"id":35625,"date":"2025-07-08T02:16:57","date_gmt":"2025-07-08T02:16:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35625"},"modified":"2025-07-08T02:16:57","modified_gmt":"2025-07-08T02:16:57","slug":"asia-morning-briefing-btcs-institutional-waves-are-building-not-breaking","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35625","title":{"rendered":"Asia Morning Briefing: BTC\u2019s Institutional Waves Are Building, Not Breaking"},"content":{"rendered":"
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Good Morning, Asia. Here’s what’s making news in the markets:<\/strong><\/h2>\n

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.<\/a><\/em><\/p>\n

Fund manager Jeff Dyment of Saphira Group wants you to zoom out and stop sweating the short-term charts.<\/p>\n

His thesis: Data points that suggest institutional bitcoin (BTC) buying is losing steam<\/a> miss the bigger picture.<\/p>\n

In a note shared with CoinDesk, Dyment argues that fears of fading institutional demand for bitcoin are overblown, rooted in narrow snapshots of the market.<\/p>\n

Yes, ETF and corporate purchases have cooled recently \u2013 Michael Saylor’s Strategy bought just 16,000 BTC last month, down sharply from December\u2019s 171,000 BTC haul. But this, Dyment insists, is not a sign of decline. It\u2019s a natural ebb in what he calls a \u201ccyclical wave\u201d of adoption.<\/p>\n

\u201cInstitutional flows often come in waves rather than a steady linear increase,\u201d Dyment wrote. \u201cShort-term demand fluctuations in the spot market are minor ripples on what is, in fact, a rising tide of institutional engagement.\u201d<\/p>\n

Dyment points to the addition of 51 new corporate BTC treasuries<\/a> in the first half of 2025 alone, equal to the total from 2018 to 2022 combined, and a 375% year-over-year increase in corporate BTC buying.<\/p>\n

Public companies now hold 848,902 BTC, or approximately 4% of the total supply, with Q2 2025 alone seeing 131,000 BTC added to their balance sheets.<\/p>\n

He also highlights the explosive growth of Bitcoin ETFs as further evidence of deepening institutional participation. BlackRock\u2019s IBIT fund, now the largest in the world, holds 699,000 BTC, more than 3.3% of total supply, after becoming the fastest-growing ETF in history.<\/p>\n

U.S. spot ETFs have collectively captured approximately 1.25 million BTC<\/a>, or roughly 6% of the total supply, in just 18 months since their launch, he points out in the note.<\/p>\n

Dyment’s thesis is finding echoes in the options market.<\/p>\n

In QCP Capital’s recent note, the Singapore-based fund pointed to whales that are continuing to build exposure to upside risk, snapping up September $130K BTC calls and holding $115K\/$140K call spreads.<\/p>\n

\u201cVols remain pinned near historical lows, but a decisive breach of the $110K resistance could spark a renewed volatility bid,\u201d QCP wrote in a Monday note.<\/p>\n

So while bears may point to stagnant spot flows and the nearly empty mempool as signs of fatigue<\/a>, Dyment argues those are just surface-level ripples.<\/p>\n

Underneath, the tide is rising, and Wall Street, with its trillions upon trillions of regulated capital, is hungry for crypto. It’s just not going to come all at once.<\/p>\n

\"(CoinDesk)\"<\/p>\n

BTQ Pushes Quantum-Safe Framework for Stablecoins<\/strong><\/h2>\n

BTQ Technologies has introduced the Quantum Stablecoin Settlement Network (QSSN), a framework designed to help banks, payment firms, and digital asset platforms future-proof stablecoin issuance against threats from quantum computing.<\/p>\n

In a press release<\/a>, BTQ detailed how the system could support quantum-secure versions of popular stablecoin models, including JPMorgan\u2019s proposed USD deposit token (JPMD), by upgrading privileged actions like minting and burning with dual cryptographic signatures (ECDSA and Falcon-512), while preserving compatibility with existing token standards, workflows, and wallets.<\/p>\n

The launch comes as the stablecoin market surpasses $225 billion and lawmakers push for regulation with an eye on cybersecurity.<\/p>\n

The GENIUS Act, currently advancing in the U.S. Congress, would formalize federal standards for fiat-backed stablecoins and encourage quantum-safe architecture.<\/p>\n

BTQ, which has worked with NIST for over a decade, aims to shape those standards and position QSSN as critical infrastructure.<\/p>\n

Market Movements<\/strong><\/h2>\n

BTC: <\/strong>Bitcoin fell 1.02% from July 6 at 22:00 to July 7 at 21:00, testing key support at $107,519.64 amid heavy selling, before staging a V-shaped recovery off $107,800 as on-chain data showed strong support clusters at $106,738 and $98,566 held by 1.68 million addresses, according to CoinDesk Research’s technical analysis bot.<\/p>\n

ETH: <\/strong>ETH rose 1.67% amid volatile trading, swinging nearly 3% between $2,529 and $2,604 as support at $2,530 held firm, institutional inflows topped $1.1 billion, and above-average volume marked both the surge and subsequent sell-off.<\/p>\n

Gold: <\/strong>Gold dipped on a stronger dollar but rebounded on tariff-driven safe-haven demand, with central bank buying and de-dollarization fueling forecasts of a rally toward $4,000.<\/p>\n

S&P 500: <\/strong>Stocks fell Monday as Trump announced new tariffs on imports from seven countries, sending the S&P 500 down 0.79% to 6,229.98.<\/p>\n

Nikkei 225: <\/strong>Asia-Pacific markets mostly rose despite Trump announcing steep U.S. tariffs on 14 trading partners, with Japan\u2019s Nikkei 225 up 0.36% as duties of up to 40% were outlined for countries including South Korea, Indonesia, and Thailand.<\/p>\n

Elsewhere in Crypto<\/strong><\/h2>\n