Here's an interesting coin snap today. Tariffs are rising, and risky assets have taken a hit. BTC is holding around 77.5K, although yesterday they talked about testing 64K. SOL is losing more than others, while stablecoins are reacting somewhat sluggishly, adding only 773 million to the supply.

Looking at the numbers — ETF withdrawals have reached 3.8 billion over the year. Funding has changed direction, and the basis has decreased. When you do such a coin snap of the market, it’s clear that open interest is very unstable. All the pressure from tariffs simply overwhelmed it.

In fact, if you do a detailed coin snap of the week, the picture is quite blurry. We are waiting for the next signals.