#Ethereum Short-Term Holder sentiment indicator, as reported by Glassnode, has made a significant shift to optimism for the first time since Nov-2021.

#APY vs #APR: What’s the Difference?

#APY, or annual percentage yield, incorporates interest compounded quarterly, monthly, weekly, or daily, while APR, or annual percentage rate, doesn’t. This simple distinction can make a significant difference to the calculations for returns over a period of time. It is therefore important to understand how these two metrics are calculated and what it means for the returns that you can earn on your digital funds.

#APR

#APR stands for annual percentage rate. This is the simpler of the two terms. In simple terms, the Annual percentage rate is the interest a lender is bound to earn on their money. Also, the borrower pays for the interest over one year.

#APY

#APY stands for Annual Percentage Yield. Unlike in the #APR model, where you get a fixed amount after every year, which is decided upon by the initial principal amount itself, in the annual percentage yield, you will receive some interest every month.

Here's the Analysis of #TRX :

#TRX is been flipped above the zone and kinda rejected off from the Major Resistance zone of $0.11 - $0.12. Price already retraced from the zone and again backed up. Well, Price formed a new Range, where a breakout will lead in the direction of the price. The range is pretty good for scalp, so take it accordingly, for a good swing, better wait for the breakout.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, did as expected. Price drove all the way down towards the support zone nearby $38,000 level and getting rejected from the level. Now, its tike to see the price if its break through the resistance zone of $42,000 and need a weekly closing above it. Also, worth of noting that, it will form a consolidation range, in case weekly then we should look for a weekly breakout, which might take bit longer.

#CHZ had a clean breakout of the zone and made a retest back to the zone at the strong support area. Price gave a quick reaction of 8% in favor and currently, on the way for a retest towards the zone again. Now, the range has been expanded, so same buys can be taken along in anticipation of new higher High.

ICP did gave a break below of the zone but on Daily TF, its was a clean rejection candle. Price retested the zone as support and created a bullish market structure. Moreover, it boke the downtrend resistance line showing buyer confidence. Buys setup will come from the support zone of $11.80 - $12.2, so have an eye on it.

We can see that #Bitcoin has generally been increasingly dominant over the past few years. Since the #FTX Collapse in November 2022, #BTC has increased its market cap dominance from 38.9% to 49.8%.

On the other hand, #ETH has maintained its market cap dominance, ranging from 18.9% to 18.2%. It is mainly Altcoins that have lost market share in the crypto markets with their market cap dominance dropping from 28.3% to 24.2%, while Stablecoins have also decreased their share from 13.9% to 7.8%.

Here's the Analysis of #ZRX :

#ZRX gave a break of the major level of $0.30 - $0.31 and off the large downtrend channel too. Price rejected from the Resistance Area (Grey Box) around $0.38 -$0.39. Well, right now, price is middle of the nowhere, so its better to wait for the price to reach key levels. Alternatively, a retest of the downtrend channel would be great setup to buy continuations but risky too.

#BTC gave a daily closing above the Major Resistance Level but its a shallow one. Price did able to sustain above the zone and now looks like a retest is going on back to the level. Now, price has the open room for next resistance up at $44,000 - $45,000, where $43,200 will act as an strcutural resistance.

#BTC.D did gave a close above of the zone, and #BTC also sitting on the crucial level of $42,000. In case, index start pushing from here and #BTC remains the same, then bleeding in alts may start again. Currently, there's an open room for the movement after the retest, so better prepare for it.

Profits taking has increased taken since mid-October, the peak on 13-Jan reached over $900M/day, aligned with investors capitalising on the 'sell-the-news' momentum.

What Are Liquid Staking Derivatives?

Liquid Staking Derivatives (LSDs) are financial instruments that represent staked tokens in a DeFi protocol. They allow users to access the liquidity of their staked assets, which can then be used in other DeFi applications. In other words, LSDs enable users to enjoy the benefits of staking while also retaining the flexibility to utilize their assets elsewhere in the DeFi ecosystem.

How Does Liquid Staking Work?

When a user stakes their tokens in a staking protocol, they typically receive an equivalent amount of staking tokens that represent their staked assets (for example stETH or rETH). These derivatives can then be traded, lent or used as collateral in other DeFi applications, giving users more freedom to maximize the utility of their assets. When users wish to unstake, they can simply redeem their derivatives to receive the original tokens plus any staking rewards they've earned (depending on the conditions of the protocol).

Liquid Staking vs Regular Staking

Traditional staking usually involves locking up tokens for a predetermined period, during which users cannot access their assets. This lack of liquidity can be a hindrance for some, as they are unable to capitalize on other DeFi opportunities in the meantime.

Liquid staking, on the other hand, eliminates this limitation by providing users with a tokenized representation of their staked assets. These derivatives grant users the flexibility to participate in various DeFi applications while still benefiting from staking rewards.

Here's the Analysis of #CHR :

#CHR is been strongly rejecting off the Major Resistance Zone of $0.28 - $0.29 and kinda stuck in a range. The bottom of the zone will act support zone (Blue Box) of $0.21 - $0.22 and need to see a breakout of the zone either side. Nothing much can be done here, but shorting have enough range to take it with a retest above $0.27 will be good enough.

#Bitcoin kept on going as anticipated, price did made a retest back to the major support area and pushing higher. The key area will remain the same for reaching out and also there was a large consolidation on chart looking left, so we can still expect the same, with these 2 zones.

#SUPER made a breakout over the Resistance zone and gave a shallow closing above it. Well, we already saw a fakeout looking left, so have to wait for the Daily candle sustaining over it by a close. Buy setups can come with the retest of the zone.

#STH-#NUPL has crossed above 0.25 for the first time since the Nov-2021 #ATH.

This suggests both a degree of optimistic market sentiment is creeping in for #ETH but is also a level where markets tend to take a pause and digest profit taking distribution pressure. Historically, this type of sentiment shift for short-term holders has coincided with local peaks during a macro uptrend.

What's is #NUPL (Net Unrealized Profit/Loss) ?

NUPL (Net Unrealized Profit/Loss) looks at the difference between Unrealized Profit and Unrealized Loss to determine whether the network as a whole is currently in a state of profit or loss. Net Unrealized Profit and Loss (#NUPL) is the difference between market cap and realized cap divided by market cap.

Assuming that the latest #coin movement is the result of a purchase, #NUPL indicates the total amount of profit/loss in all the coins represented as a ratio.

It could be interpreted as the #ratio of investors who are in profit.

To make it Simpler for you, Any Values over '0' indicate investors are in #profit and an increasing trend in value means more #investors are beginning to be in #profit.

This phase indicates the increasing reason to take #profit which leads to an increase in sell pressure.