Light long positioning in perpetual futures shows derivatives catching up to spot momentum. Funding rates have remained remarkably neutral despite the bullish impulse, currently at 0.007% (7.6% annually) - up from late April lows.

This constructive shift indicates non-excessive long appetite and limited leverage, creating healthy market conditions.

Use Cases of zkApps

Learn About zkApps Here

zkApps are a great fit for applications that require a piece of information to be kept private. It is an innovation that unlocks avenues that wouldn’t have been possible had it not been for ZK technology, specifically ZKPs. The examples below provide an outlook on just some of these opportunities.

Firstly, zkApps have the potential to play a role in decentralized finance (DeFi). One example involves the private lending and borrowing of digital assets in the DeFi ecosystem. These types of transactions will be made easier with zkApps as borrowers' financial history or reliability will not be disclosed. Protection of sensitive information is important in ensuring privacy, user trust, regulatory compliance, financial inclusion, prevention of discrimination, and the continuation of economic freedom within the ecosystem.

Secondly, zkApps can play a part in identity verification, specifically when verifying a user’s age without revealing their actual birthdate. This will be useful when ensuring compliance with age-restricted services without compromising the individual's privacy in the process. For example, streaming sites require your full name and address in the identification process which one may be unwilling to share. In this instance, zkApps can be helpful as a ZKP, proving your full name and address can be sent to the platform's verification system without revealing this actual information.

In this context, privacy preservation is key to protecting users from identity theft, respecting their consent and control over data, ensuring legal compliance, and fostering trust. zkApps minimizes data exposure, reduces the risk of data breaches, and encourages user adoption of online services, ultimately creating a more secure and user-friendly online environment.

Finally, smart contracts, programs stored on a blockchain that run when predetermined conditions are met, will also benefit from zkApps. Conditional payments are a prominent feature, that often contributes to confusion surrounding ZK technology, where zkApps support the execution of transactions based on specific conditions or triggering factors.

In simpler terms, zkApps empower users to make payments and exchange value based on pre-defined conditions without disclosing the underlying details. This not only safeguards privacy but also expands the possibilities for secure and automated transactions in a variety of applications. Whether it's conditional microtransactions in gaming or automated supply chain payments, zkApps bring a level of conditional flexibility that traditional payment systems lack.

This core feature of zkApps is important to grasp in understanding its potential as it could play a role in furthering Web3 adoption.

Here's the Analysis of #S :

#S recently got listed in exchanges and not much movement yet. Price still formed a large support resistance which is a consolidation now. Nothing to do regardless of range trades. Buys from $0.40 -$0.42 is good till resistance at $0.84 - 0.87.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on WEEKLY TF, gave a successful break of the weekly area and had a good closing too. This week, we can see a proper retest and kinda closing Doji candle stick. Still We've 16 hours for closing the weekly closing and need a good weekly close, else this might lead in a correction in the market.

#DXY UPDATE :

#DXY perfectly drop as per the analysis and we saw the impact in the market. With that it broke the major support and the supporting trendline too. Now, next week can retrace and drop can lead in further bullish movement in the market.

The 1-Month 25 Delta Skew (puts IV minus calls IV) currently sits at -6.1%, indicating calls are more expensive than puts as traders lean into bullish speculation rather than downside hedging.

This negative skew reflects risk-on behavior and rising market optimism. Maintaining this skew below neutral would reinforce confidence in the rally's strength and keep options markets aligned with bullish spot dynamics.

Here's the Analysis of #MASK :

#MASK rejected hard from the major resistance area of $1.90 - $2.03. Also right now, it on the a trendline supporting it bullish market structure but looking at the overall market it might fall lower, #BTC drops below $107,000. Make the Call accordingly.

#BTC gave a good close in weekly TF, decent enough but not good enough as it has rejection wick both sides. Price now retraced back to the support and trying to move up towards the $110,000 area. Overall, some new All Time High are expected.

#US30 UPDATE :

Once again index sold off nearly from the 43,000 area, the area standing a strong supply now. We're already gained 5% from the moved and i hope you made something in between it. Now price action looks very choppy, at the moment buys are favorable. till 43,000 and eventually the resistance at 43,200.

Crypto Market Summary - This Week

Bitcoin Performance

- Bitcoin reached $107K local high, staying near its December 2024 ATH of $109K

- Historic milestone: Capital inflows drove Realized Cap above $900B for the first time

- Short-Term Holder activity surge: Following record profitability improvements, spending peaked at $747M/day with $11.4B realized over 30 days

Ethereum Momentum

- Major price surge in recent weeks, potentially fueled by excitement around the successful Pectra upgrade on May 7th.

- Notable daily gains exceeding +1σ moves, including a +21.8% single-day surge - the strongest since May 2021.

- Critical resistance zone: The $2,400–$2,900 range remains crucial for maintaining upward momentum and potential breakout

Market Implications

Both assets showing strong momentum with Bitcoin achieving new capital milestones and Ethereum demonstrating significant technical upgrade-driven growth.

Another 4020 #Bitcoin Acquired by #Strategy

Tracking MVRV Ratio changes since the $74k local low reveals significant profitability improvements across all cohorts:

Overall Market MVRV: 1.74 to 2.33 (+74% to +133% unrealized gain)
STH MVRV: 0.82 to 1.13 (flipped from -18% loss to +13% gain)
LTH MVRV: 2.91 to 3.30 (+191% to +230% unrealized gain)

All investor cohorts experienced marked financial position improvements, likely boosting overall confidence and sentiment.

Here's the Analysis of #TON :

#TON moving within he a downtrend channel pattern over the major support zone of $2.60 -$2.78. Market looks healthy and bullish and might see some longs over the support zone. Important thing to note is look for the market sentiment or use additional confirmation as trendline.

#BTC gave a pretty decent closing on Daily candlestick and yesterdays it retraced nearly towards the support zone around $107,250. Market is pretty much ranging, and indecisive, this week might lead in new ATH in crypto palace.

#GOLD UPDATE :

#GOLD didn't played with the analysis but now its turned bullish and also broke the trendline as well, showing sellers are taking control over the market. Buys looks promising at $3,300 - $3,310 with tighter stops targeting previous highs.

As market conditions improve and portfolios recover, investors are taking profit opportunities. However, profit taking in bull markets represents supply that fresh demand must absorb.

The Realized Cap metric, which tracks cumulative net capital inflows, shows the supply-demand balance has grown +4.2% over the past month, indicating meaningful capital entering the market.

This growth pushed Realized Cap to a new ATH above $900B for the first time - a significant milestone highlighting the immense value investors have stored in the leading digital asset.

🚨 BREAKING: 21Shares has filed for a $SUI ETF with Nasdaq. 🤓