💰 $BTC is 59.9% short.
$ETH, $SOL, $XRP, $DOGE are all 70%+ long.

That's not a market. That's a rubber band.
BTC funding sits at -0.0067%. Alts are paying premium to stay long.

One of these crowds is wrong. Which one capitulates first?

📊 Miners are mining at a record but losing money doing it.

Hash rate: 995 EH/s — touching 1 ZH/s for the first time in history.
Hash price: $27.89 per PH/s/day — near record lows.
Marathon dumped 15,133 $BTC in Q1 just to keep the lights on.

Setups like this historically resolve through capitulation. Watch the Mining Pressure curve.

🤔 #DRIFT plans to relaunch the exchange in May or June.

🇺🇸📝 Sanctioned ships continue to pass through the Strait of Hormuz despite US blockade, NBC reports.

🇺🇸🇮🇷 The Minister of Foreign Affairs of Iran left Islamabad without meeting with representatives of the USA.

🇺🇸🧑‍💻 #USA 79% of the world's crypto ATMs are in the USA.

News | Markets |

📊 $DOGE social interactions: collapsing. Long/Short ratio: 2.6433.

Network activity is fading. Address counts and transfer volume are sliding. Yet leverage keeps stacking on the long side.

Crowded longs without spot conviction create a textbook setup for a rinse.

See DOGE Social Interactions vs L/S overlay.

🤔 Solana Foundation Chair Lily Liu said the foundation is lending USDT to Aave as part of its recovery effort, supporting broader DeFi ecosystem stability. The foundation also plans to bring AAVE to the Solana network this weekend.

🔮 Jurrien Timmer, Fidelity’s Director of Global Macro, predicts a Bitcoin rally driven by a shift in investor capital from gold into Bitcoin.

He points to Bitcoin’s rebound from the low $60,000s to around $78,000 as a sign of strength. #macro