π #BTC CQ: The average volume of flows (Inflow + Outflow) on centralized exchanges has decreased to 40,000 BTC per day - this is the lowest figure in the past 10 years. A significant portion of BTC has left the platforms, which is a sign of consolidation and potential liquidity shortage.
π Santiment: Traders are pushing Bitcoin's & Ethereum's funding rates in 2 directions. With #BTC pushing crypto's recovery, traders are shorting (expecting a slight pullback). Meanwhile, #ETH has been trailing, and traders are longing in hopes it will catch up.
π Coinbase launched cbADA and cbLTC β wrapped Cardano and Litecoin tokens β on its Base network. Each is 1:1 backed by on-chain reserves.
Base users can now use #ADA and #LTC directly in DeFiβjoining cbBTC, cbETH, cbXRP, and cbDOGE. More assets, more liquidity, better yield. Baseβs DeFi toolbox keeps growing.
Base users can now use #ADA and #LTC directly in DeFiβjoining cbBTC, cbETH, cbXRP, and cbDOGE. More assets, more liquidity, better yield. Baseβs DeFi toolbox keeps growing.
ππ #EUL Sentora: This image shows asset exposure on Euler Labs, which is important to analyze as leverage increases.
- We can see largest RLUSD exposure is to USDC and cUSDO PT;
- USDCβs largest exposure is similar to RLUSD but has additional exposure to eUSDe.
As most of these assets are correlated with each other, price volatility risks are not as prominent.
- We can see largest RLUSD exposure is to USDC and cUSDO PT;
- USDCβs largest exposure is similar to RLUSD but has additional exposure to eUSDe.
As most of these assets are correlated with each other, price volatility risks are not as prominent.
π #BTC Matrixport: Global money supply (13 weeks ahead) continues to act as a leading indicator for BTC price.
The chart shows how liquidity anticipated even the recent correction β a pattern many traders now consider self-fulfilling.
As long as the belief holds, it may keep fueling demand.
The chart shows how liquidity anticipated even the recent correction β a pattern many traders now consider self-fulfilling.
As long as the belief holds, it may keep fueling demand.
πΊπΈπ #BTC The US and others are adopting Bitcoin alongside gold as a reserve asset for its scarcity, inflation hedge, and digital resilience.