The ETH open interest on CME is near a 1-year low

The short-term correlation between Nasdaq tech stocks and Bitcoin has turned positive, indicating the two are moving more in step

The ratio of $BTC to $ETH is hovering near a trendline resistance, characterizing the corrective phase since June, this chart by Fairlead Strategies shows.

"A breakout above the trendline would suggest the long-term uptrend is resuming in favor of bitcoin. However, the 50-day MA has flattened, so we would not be surprised to see resistance stay intact for the time being," Fairlead said in a note to clients on Monday.

#BLZ Buy Setup

Bitcoin hashrate continues to rise, hits an all-time-high

Binance's BTC and ETH futures market share has continued to fall while OKX's has grown from 18% to 26% this year

The altcoin market continues to bleed out for a few days in a row now. Take care!

Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
https://www.binance.com/en/support/announcement/d392843e81fd4bc3a5f7e219aa01f34d

Digital asset investment product flows cooled off, with relatively minor outflows totalling $11.2m. This run of negative sentiment over the last 7 weeks now totals $342m

Binance currently has more than 380 assets trading on the exchange, but many of them are illiquid. 

The lion's share of trade volume remains concentrated within the top 10 altcoins.

The 90-day supply of aggregate stablecoins has dropped more than 20% from $162 billion in March 2022 to $120 billion today, pointing to a decline in on-chain liquidity

#Bitcoin dominance bullish breakout. Take care of your longs and altcoins positions just in case 👀

The right tail of extreme #Bitcoin    volatility has been shrinking and during the current halving cycle has almost completely disappeared.

#Bitcoin    is maturing as an asset.

Approximately $50B worth of Bitcoin are now held by ETFs, countries, public and private companies

The percentage of Bitcoin supply inactive for 1+, 2+, 3+, and 5+ years are all at all-time highs

Bitcoin hashrate continues to rise, hits an all-time-high.