The Monday Asia Morning Briefing outlined key overnight developments shaping crypto markets. Bitcoin opened the region’s session around $119,430—up 1.2 %—after President Donald Trump and European Commission President Ursula von der Leyen agreed to cap U.S. auto tariffs at 15 % and secure $600 billion in European energy and defence investment. The détente eased macro uncertainty and lifted risk appetite, helping BTC recover from an early-week dip to $118,200. On-chain data supplied additional confidence. Glassnode recorded the first-ever crossing of $1 trillion in realized capitalization, signalling fresh capital rotation despite a single Satoshi-era address moving 80,000 BTC (about $9 billion) via Galaxy Digital in an estate-planning transfer. Market liquidity absorbed the sale without destabilising spot prices, supporting the view that long-term holders remain reluctant to liquidate at sub-$120 K levels. Derivatives traders mirrored optimism. Polymarket contracts priced a 24 % chance of BTC printing $125,000 before July 31, up six percentage points week-on-week. CoinGlass showed aggregate futures open interest climbing to $19 billion, while the long-short ratio improved to 1.34. Altcoin rotation gathered pace. BTC dominance edged down to 60.98 %, the lowest in three weeks. Ether advanced 3 % to $3,868, benefited by exchange balances falling to eight-year lows and 28 % of supply now staked. Solana added 2.9 % on expectations of a block-size upgrade, and XRP posted a 1.9 % rise ahead of EVM-sidechain integration milestones. Macro cross-asset moves were muted: gold extended a four-day slide to $3,335 as safe-haven demand faded; the Nikkei traded mixed amid positioning for upcoming U.S.–China talks; the CD20 Index gained 2.37 %. Analysts at Citi framed the current structure as “healthy consolidation” inside the upper $118 K–$122 K range with institutional spot demand outweighing miner distribution. However, the desk warned of potential volatility around this week’s FOMC meeting. Overall, geopolitical progress, tempered macro expectations and resilient on-chain fundamentals allowed Bitcoin to hold ground near record levels while encouraging selective altcoin inflows, setting a constructive tone for the Asian trading session.