Amberdata Digital Asset Snapshot: Crypto Liquidity Cracks as ETF Outflows Surge and CPI Reaccelerates Inflation reaccelerated to 3.8% in April, the highest since May 2023, with the 10-year at 4.61% and markets pricing a Fed hike under newly confirmed Chair Warsh. The Iran oil shock continues to feed through energy at +17.9% and shelter, while apparel, airlines, and household goods face two more quarters of tariff pass-through. Inside crypto, BTC funding is negative while altcoin long/short ratios stretch and ETF outflows persist; the mix is not a regime change.
The Macro Vol Regime and Why Crypto Is Never an Island Why VVIX, MOVE, and the Rates Curve Matter More for Next Week's BTC IV Than BTC Itself
The Regulatory Transformation: How 2025 Changed Everything This is Section 13, excerpted from our Amberdata Crypto Market Review 2025 and 2026 Outlook: Six Regimes, One Story. Our full report spans 14 sections - ETF flows, derivatives, on-chain, liquidity, and our complete 2026 outlook. SAB 121, GENIUS Act, in-kind ETF redemptions, 401(k) access - the before and after.