L-BTC backing stuck at 85.76% while $BTC holds 77,320 🧭 1⃣ Wrapped BTC deficit persists: Liquid's L-BTC coverage sits at roughly 85.76%, with no peg-outs and no full reserve restoration in sight. Fresh peg-ins do not erase the existing shortfall, so the instrument stays exposed to redemption and confidence risk. 2⃣ ETH ETFs bleed, yields bite: Spot ETH ETFs logged 19.5 million in net outflows across three sessions as Treasury yields added pressure. ETH needs a weekly close above 2,550 to repair the setup; below 2,400 reinforces downside. 3⃣ Tokenized equity models wobble: The AMC-linked token saw a 25.69x supply increase, then a 35.85% contraction, with SEC issuer-consent rules a halt risk. Ondo's platform shows 831.7 million in distributed value, yet ONDO holders hold no contractual claim on collateral or fees. Coverage gaps and outflow pressure still define this tape, even with majors flat. Which of these three structures worries you most going into next week? Reads like this land in the community every day, the bio shows the way in. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Macro Insights#