😱 Bears paid to stay short for 46 straight days.
$BTC perp 30-day average funding has been below zero since March 1. Open interest climbed approximately 12% in the same window.
Rising open interest and negative funding indicate new shorts stacking rather than capitulating longs, creating a crowded-short regime.
Our derivatives screener flagged this setup weeks before yesterday's $79K print. Similar configurations in history have resolved violently.
$BTC perp 30-day average funding has been below zero since March 1. Open interest climbed approximately 12% in the same window.
Rising open interest and negative funding indicate new shorts stacking rather than capitulating longs, creating a crowded-short regime.
Our derivatives screener flagged this setup weeks before yesterday's $79K print. Similar configurations in history have resolved violently.
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🇪🇹⛏️ #BTC BitCluster is constructing a 120 MW Bitcoin mining data center in Ethiopia, leveraging the country’s ideal climate and abundant renewable energy. Ethiopia aims to double its share of global hashrate from 2.5% to 5% this year.
🇺🇸📝 #macro USA - Initial Jobless Claims = 214k (exp 212k / prev 207k)
USA - Continuing Jobless Claims = 1.821M (exp 1.819M / prev 1.818M)
USA - Continuing Jobless Claims = 1.821M (exp 1.819M / prev 1.818M)
🇺🇸📝 USA - Chicago Fed National Activity Index (March) = -0.2 (-0.11 expected — prior +0.11) #macro
🇺🇸🗽 Tether freezes $344 million in $USDT following requests by US law enforcement. #regulation
🐳 46 days of fear. Fear & Greed sitting at 32.
The crowd has been afraid for almost two months, with exchange reserves at 7-year lows and whales at decade-high accumulation.
Our Alpha Crypto Sentiment Gauge shows a different picture than the public Fear & Greed index, distinguishing retail panic from smart-money positioning.
Historically, sustained fear combined with silent whale absorption is one of the most underrated setups on the calendar.
The crowd has been afraid for almost two months, with exchange reserves at 7-year lows and whales at decade-high accumulation.
Our Alpha Crypto Sentiment Gauge shows a different picture than the public Fear & Greed index, distinguishing retail panic from smart-money positioning.
Historically, sustained fear combined with silent whale absorption is one of the most underrated setups on the calendar.
📊 Lido Responds to Kelp rsETH Hack: EarnETH Paused, DAO Activates $3M First-Loss Protection
Lido Finance provided an update on Lido Earn vaults following the Kelp incident, noting that the Lido staking protocol, stETH, and wstETH remain unaffected.
Key updates include:
- Only the EarnETH vault has exposure to rsETH (~9% of its TVL), and its deposits and withdrawals are currently paused.
- If a loss occurs, a $3 million "first-loss protection mechanism" funded by the Lido DAO treasury will be applied by burning the DAO’s vault shares. #hack
Lido Finance provided an update on Lido Earn vaults following the Kelp incident, noting that the Lido staking protocol, stETH, and wstETH remain unaffected.
Key updates include:
- Only the EarnETH vault has exposure to rsETH (~9% of its TVL), and its deposits and withdrawals are currently paused.
- If a loss occurs, a $3 million "first-loss protection mechanism" funded by the Lido DAO treasury will be applied by burning the DAO’s vault shares. #hack
🎁 #BTC Iranian media Fars News: Reports claiming that Iran is collecting fees for passage through the Strait of Hormuz in cryptocurrency are inaccurate.
📊 JPMorgan Says DeFi Exploits and Stagnant TVL Continue to Limit Institutional Appeal - The Block
🕵️ H100 agreed to acquire Moonshot and Never Say Die in a share deal that could raise its Bitcoin holdings to ~3,500 #BTC, with support from Adam Back.
🇺🇸👀 Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: +4,349 $BTC (+$338.83M)
7D NetFlow: +15,357 $BTC (+$1.2B)
Ethereum ETFs:
1D NetFlow: +35,736 $ETH (+$83.26M)
7D NetFlow: +144,456 $ETH (+$336.58M)
Solana ETFs:
1D NetFlow: +1,311 $SOL (+$113K)
7D NetFlow: +373,090 $SOL (+$32.09M)
Bitcoin ETFs:
1D NetFlow: +4,349 $BTC (+$338.83M)
7D NetFlow: +15,357 $BTC (+$1.2B)
Ethereum ETFs:
1D NetFlow: +35,736 $ETH (+$83.26M)
7D NetFlow: +144,456 $ETH (+$336.58M)
Solana ETFs:
1D NetFlow: +1,311 $SOL (+$113K)
7D NetFlow: +373,090 $SOL (+$32.09M)