SECURE DIGITAL MARKETS
Daily Market Brief
Wednesday, May 13, 2026
Morning Edition · Generated by SDM Trade Studio
BTC / USD
$78,866
-1.84%
ETH / USD
$2,242
-1.04%
SOL / USD
$90.57
-3.65%
BTC Dom.
58.1%
BTC Funding
0.0082%
Longs pay
CME Basis
4.20%
6.8% ann.
Net ETF Flow
+$2,155M
Inflow
SDM Research · Institutional Digital Assets
Bitcoin retreats to $78,866 amid profit-taking while BTC dominance holds 58.1%
BTC Price
$78,866
-1.84% (24h)
Perp Funding Rate
1bp
Normalized · 8h rate
ETF Flow (24h)
+$2,155M
Net inflow
ETF inflows surge $2.16B led by Bitcoin's $1.68B amid institutional accumulation
Funding rates normalize to 0.82% BTC as perpetual positioning moderates significantly
Solana underperforms with 3.65% decline despite outflows remaining contained at $55M
XRP ETF approval odds strengthen to 81% signaling regulatory clarity acceleration
Bitcoin consolidates near key support as macro uncertainty weighs
Source: SDM Research · The Block · CoinDesk · Cointelegraph · Blockworks · Summarized by Claude (Anthropic)
Macro & Geopolitical
Global macro conditions remain supportive for risk assets with 10-year Treasury yields stable at 4.38% and S&P 500 futures indicating modest gains of 0.34%. Gold's rally to $3,042 reflects ongoing safe-haven demand amid geopolitical tensions, while DXY stability suggests Federal Reserve policy expectations remain anchored. Digital asset correlation to traditional risk assets persists at elevated levels, with Bitcoin's performance closely tracking equity market sentiment and yield curve dynamics.
10Y Treasury
4.38%
+3bps from prior close
S&P 500
5,284
+0.34% pre-market
Gold (XAU)
$3,042
+0.91% (risk-off bid)
Treasury yields stable at 4.38% supporting crypto risk appetite continuation
S&P 500 pre-market strength signals broader risk-on sentiment for digital assets
Gold rally to $3,042 reflects hedging demand amid persistent geopolitical uncertainty
DXY consolidation removes dollar headwind for Bitcoin institutional accumulation flows
Federal Reserve policy expectations anchor yields supporting crypto ETF momentum
Source: Reuters · Foreign Policy · BBC World · The Guardian · CFR · Summarized by Claude (Anthropic)
Market Overview
Digital assets exhibited modest weakness with Bitcoin declining 1.84% to $78,866 while maintaining structural support above the $75,000 threshold. Market breadth remained mixed as BNB gained 2.18% against broader altcoin weakness, with Bitcoin dominance stabilizing at 58.1% amid selective institutional flows.
BTC Technical Analysis — Daily & 4H
$84,250$79,500$65,500$63,000$60,250
EMA 20EMA 50EMA 200
BTC Daily — 90 Days$78,940-1.93%
Range 30D
Draw
RSI (14)
BTC 4H — 30 Days$78,940+0.20%
Range 7D
Draw
RSI (14)
Source: Kraken Public OHLC API · EMA & RSI computed client-side · Key levels are indicative only
Top Coins — 5-Day Normalized Returns

Hourly close prices for 24 major cryptocurrencies, normalized to percentage change from the start of the 5-day window. Excludes stablecoins (flat line), BNB (not listed on Kraken), and HYPE/USDS/MNT (not available). Data: Kraken public OHLC API.

Done — 24/24 coins loaded
-20%-10%+0%+10%+20%+30%+40%May 8May 9May 10May 11May 12
SUI+16.6%
DOGE+2.4%
NEAR+0.8%
XRP+0.7%
AAVE+0.5%
TRX-0.1%
HBAR-0.3%
SOL-0.8%
UNI-1.1%
BTC-1.4%
AVAX-1.4%
LINK-1.6%
SHIB-2.5%
DOT-2.5%
ETH-2.6%
LTC-2.7%
ADA-2.8%
XLM-3.3%
ICP-3.6%
BCH-4.4%
APT-4.8%
TAO-6.2%
PEPE-6.6%
TON-19.0%
Source: Kraken Public OHLC API · Hourly candles · 24 coins · Normalized to % from T-5 days
Top 10 by Market Cap
1. Bitcoin (BTC)
$78,866
2. Ethereum (ETH)
$2,242
4. BNB (BNB)
$666.83
5. XRP (XRP)
$1.42
7. Solana (SOL)
$90.57
8. TRON (TRX)
$0.3498
10. Dogecoin (DOGE)
$0.1102
13. Cardano (ADA)
$0.2626
14. Hyperliquid (HYPE)
$38.95
16. Zcash (ZEC)
$535.28
Stablecoins — Top 5
Tether (USDT)
$0.9995
USDC (USDC)
$0.9994
USDS (USDS)
$0.9996
USD1 (USD1)
$0.9993
Dai (DAI)
$0.9998
Derivatives — Funding, CME Basis & Open Interest
Funding rates normalized to 0.82% for Bitcoin and 0.61% for Ethereum, indicating reduced leveraged long positioning after recent consolidation. CME basis compressed to 4.20% spot-equivalent (6.80% annualized) as institutional arbitrage flows moderate ahead of CPI data.
Funding & Basis
BTC Perp Funding (8h)
0.0082%
ETH Perp Funding (8h)
0.0061%
CME Front-Month Basis
4.20%
CME Annualised Premium
6.80%
Open Interest
BTC Open Interest
$18.4B
Perps + Futures
ETH Open Interest
$5.2B
Perps + Futures
ETF Flows & Approval Odds
ETF flows surged $2.16B with Bitcoin leading at $1.68B inflows and Ethereum contributing $533M, signaling sustained institutional appetite. Solana ETF outflows of $55M remain contained relative to recent approval odds strengthening to 72% for 2025 launch.
Combined Net ETF Flow Today: +$2,155M USD — BTC + ETH + SOL Spot ETFs
BTC Spot ETFs
IBIT
+$1,251M
FBTC
+$185M
BITB
+$52M
ARKB
+$37M
BTCO
+$4M
EZBC
+$6M
BRRR
+$6M
HODL
+$14M
BTCW
+$1M
GBTC
+$83M
BTC
+$37M
Net Total+$1,677M
ETH Spot ETFs
ETHA
+$386M
FETH
+$56M
ETHW
+$9M
CETH
-$5M
ETHV
-$3M
QETH
+$0M
EZET
+$1M
ETHE
+$44M
ETH
+$46M
Net Total+$533M
SOL Spot ETFs
GSOL
-$14M
SOLZ
-$17M
SOLT
-$24M
Net Total-$55M
Polymarket — ETF Approval Probability
SOL ETF Approval (2025)
72%
Possible
XRP ETF Approval (2025)
81%
Likely
Multi-Coin Index ETF (2025)
54%
Possible
Economic Calendar
May CPI data release on 2026-05-13 represents primary macro catalyst with consensus expecting continued disinflation trajectory.
Upcoming Events (30 Days)
May 13CPI YoY — MayCPI
8:30 AM ETToday
May 29Core PCE — Apr PCECPI
8:30 AM ET16d
Jun 5Non-Farm Payrolls — JunNFP
8:30 AM ET23d
Jun 10CPI YoY — JunCPI
8:30 AM ET28d
Source: Federal Reserve · BLS · BEA · SEC.gov
© 2026 Secure Digital Markets
Generated by SDM Trade Studio · sdm.co
This brief is prepared for informational purposes only and does not constitute financial advice. Digital assets involve substantial risk. Past performance is not indicative of future results.