The largest increase in liveliness since the Dec-2022 capitulation event. This again supports the above analysis, denoting an increase in Coinday Destruction as some investors part ways with a portion of their long-held coins.

However, when viewed in a macro context, Liveliness remains near multi-year lows, suggesting that the dominant majority of the supply remains tightly held, arguably waiting for higher spot prices, or perhaps increased volatility as a motivator to spend.

What Is Loan-to-value (LTV)?

LTV is the ratio of the loan's value to the value of collateral. In a typical financial market, credit scores determine the risk involved in a loan. The lower the credit score, the higher the risk for lenders. Instead of credit scores, the crypto lending process offers asset-backed loans.

Loan to value (LTV) determines the amount of cryptocurrency one would need as collateral before one could get a loan. The lender holds on to this collateral until the loan is fully paid back.

The main benefit of LTV in crypto lending is that it helps minimize the risk on the lender's part. The user also benefits from LTV in that they can access larger loans at lesser interest rates.

How to Calculate LTV?

Case 1: When borrowing a crypto-backed loan, you calculate the loan-to-value (LTV) as follows:

LTV = Loan Amount/ Market value of collateral

Your LTV would be 50% if you borrowed $5,000 and deposited $10,000 worth of bitcoin. However, if the value of bitcoin fell, your collateral's value would decrease, increasing your ratio. To get your loan back to its original LTV ratio, if your LTV rises too high, you might need to put up extra collateral.

Case 2: Once your loan is active, you can continue to monitor your LTV using the following formula:

LTV = Outstanding balance/ Market value of collateral

Here's the Analysis of #RNDR :

#RNDR moving inside the small uptrend channel approached the strong resistance zone of $4.89 - $4.96. Price moved the market structure to bearish and hodling nearby the bottom line of the channel pattern. So, with that bearish structure, expected a break to happen, and shorting only after a retest of the pattern.

#BTC now goes with the range as expected, price started ranging between the $42,000 and $45,000 level. Price kept on hodling the trendline too, if this sustains then its good, and approach towards the $43,500 and $45,000 is expected otherwise, a drop back to $42,000 will kept this range going on.

Binance Will Delist ANT, MULTI, VAI, XMR on 2024-02-20

https://www.binance.com/en/support/announcement/f73b083ba6834771b07dbe5319917ae5

#BTC.D maintaining above the support zone and already started struggling to push higher. A short-term rally is expected in altcoins and a drop, as Dominance giving signals for a rise. In case #BTC started dropping with rising index then alts with flow with that and might remains the stable too.

#THETA unable to hodl its right shoulder move and making it way down as per the 2nd scenario. Price already made a retest and expected to move lower, so manage the stops and position size accordingly. Target will remain the same as support around $0.87.

When MVRV nears 2.00 (yellow line), Bitcoin previously exceeded $50,000. Rising MVRV with MA30d implies market cap surpasses realized cap, causing increased selling pressure. This phase historically precedes a local top, leading to a strong bull market, pushing BTC to new highs and MVRV to the Distribution range (red line).

After the recent $49,000 peak, a -20% correction occurred. The question arises if this selling pressure will return MVRV to the Accumulation range (green line), as seen in 2019-2020. Despite this, the upcoming Halving event in less than 3 months is a positive catalyst historically marking the start of a new bull market.

#ETH is been moving very corrective after bouncing off from the strong support zone. The price looks like very struggling but anyways reaching the Major Resistance zone of $2403 - $2424. Price might reach through it, but over all its looks bullish as it broke the trendline too. Daily TF attached with the chart and looks like, it stuck in a range, so eyes on break now.

MicroStrategy bought 850 #BTC for $37.2 million, increasing their total holdings to 190,000 #BTC

Notice of Removal of Margin Trading Pairs - 2024-02-16

https://www.binance.com/en/support/announcement/772c3895550d4b858e4747030c9a6068

#BTC still moving within a range and made a triangle formation. A range inside a pattern is a strong signal of a big accumulation or distribution goin on. We've to wait for a breakout of the zone either side, and also we're expected a retest back to the major support zone, before moving with any major direction.

#TOTAL MARKETCAP UPDATE :

#TOTAL Marketcap, started moving back and forth in the major level. Index formed a small and tight range (Blue Box) and need to breakout either side of the zone. Just not a Breakout, #Bitcoin is also ranging, so this mess might continue till halving.

Exchanges continue to be the main hub for trading activity, with deposit and withdrawal volumes soaring to $6.8 billion per day. This exchange-related activity now represents approximately 88% of all on-chain volume. The current influx of volume in and out of exchanges is comparable to the peaks seen during the 2021 bull market, with only a small fraction of trading days surpassing it. These figures highlight a growing interest in Bitcoin among market participants.

Benefits of Loan-to-Value in Crypto Lending

The beauty of Loan-to-Value (LTV) in crypto lending lies in its dual role—it serves as a safeguard for lenders while empowering borrowers to gauge and manage their own risk effectively. In the realm of traditional collateral-based lending, LTV acts as a litmus test for risk, where a higher LTV translates to elevated risk for the lender, leading to an increased interest rate for the borrower. The correlation is clear: the more substantial the loan compared to the collateral, the riskier the venture.

Now, enter the world of crypto-backed loans, and the LTV takes on a pivotal role in ensuring the timely and complete repayment of loans. The LTV becomes the linchpin of risk mitigation for investors. In the event that a borrower is unable to fulfill their repayment obligations, the safety net kicks in—part of the collateral is liquidated to offset the outstanding loan amount. This mechanism not only protects the lender from potential losses but also fosters a sense of security in the overall lending ecosystem.

For borrowers, the LTV ratio becomes a powerful tool for self-assessment. Picture it as your personal risk-o-meter. Different lending platforms offer varying LTV ratios, spanning from a conservative 5% to a more daring 70%. Opting for a lower LTV provides you with a cushion of safety. Should the market experience a downturn, your assets are less likely to face immediate liquidation, granting you time and breathing space to navigate through market fluctuations.

On the flip side, embracing a higher LTV means you're playing in the fast lane. Extraordinary market situations demand swift decision-making, as your collateral becomes more susceptible to liquidation in order to settle the outstanding loan. It's a high-stakes game that necessitates a keen awareness of market dynamics and the ability to make nimble moves.

In essence, the benefits of Loan-to-Value in crypto lending extend beyond a mere risk metric. It's a dynamic tool that balances the interests of lenders and borrowers, fostering a symbiotic relationship within the crypto lending landscape. As investors seek security, and borrowers navigate risk, the LTV emerges as a crucial factor, orchestrating a harmonious dance between risk and reward in the ever-evolving crypto financial arena.

Here's the Analysis of #ADA :

#ADA is been rejected from the Strong Resistance Zone of $0.67 - $0.69 and moving within the falling wedge pattern. The pattern aiming towards the major support zone of $0.41 - $0.42. In case of early breakout, you can look for buying opportunities with a structural resistance break.

#BTC made a break of the Triangle pattern and the structural resistance area too. Price straight away entered into Resistance now and expected a drop now back to the support zone. Alternatively, a break and close above of daily candle is required for turned the overall market direction.

#TOTAL2 (Altcoin MarketCap) Update :

#TOTAL2 kept getting strong and hodling the support zone too. Index rejected the support and reached the structural resistance area. #bitcoin also gave a breakout over the zone and pattern, and a closure above will give a confidence to buyer, which will bring up an alts rally.