This Friday 8 AM UTC, 199K $BTC are set to expire on Deribit with a notional value of $14.16 billion.

Max pain price $75,000, put/call ratio: 0.63

Ethereum max pain price $2,300, $2.22 billion notional value, put/call ratio 0.57

📊 #BTC CryptoQuant reported that Bitcoin is trading around $70K, with the short-term holder (STH) realized price above spot. Of the roughly 5.7 million BTC held by STHs, about 8% are in profit and 92% in loss, indicating potential sell pressure. The strategy’s realized price for approximately 762K BTC is around $75.6K, aligning with recent resistance. The overall realized price is about $54K, a level that price has historically revisited or stayed below in bear markets, suggesting overhead resistance and a fragile market structure.

🇧🇹👀 #BTC Bhutan reportedly selling $30M in Bitcoin per Arkham data.

The overall crypto payment market has declined in recent months after crypto card spending volume reached an ATH in December.

🚨 Veteran investor Simon Dixon criticizes Michael Saylor's $BTC strategy, says it could increase Bitcoin centralization risk.

JUST IN: Franklin Templeton launches tokenized ETFs that trade 24/7 in crypto wallets.

JUST IN: 🇺🇸 CFTC Chair Mike Selig says "crypto clarity is coming."

JUST IN: 🇺🇸 $4.3 trillion mortgage provider Fannie Mae to accept crypto-backed mortgages, WSJ reports.

JUST IN: Bitcoin miner Marathon Digital $MARA sells 15,133 BTC worth over $1 billion.

JUST IN: Goldman Sachs says crypto prices may have bottomed.

🇧🇷💰 Brazilian President Signs Law to Channel Seized Crypto Into Public Security Funding.

📊📉 Solana’s tx volume share falls from 85% to 44%

Both volume and share declined, signaling a cooldown after peak activity, while revenue also trends lower.

Despite $SOL pulling back to $87, ecosystem growth remains strong with a record 173K #RWA holders.

📊 Open interest surged to ~$30B as prices rallied.

Binance led inflows, with $BTC +$829M and $ETH +$1.6B, while activity concentrated on top exchanges.

Leverage is flowing into major venues, not broad market participation.

Approximately 12.5% of crypto protocols that once did over $10M in monthly fees and launched a token are dead (no current activity). In contrast, only 8.3% of those with no token are dead.

🇺🇸💸 Over $1,000,000,000,000 wiped out from the US stock market today.

Prediction markets currently constitute 2.4% of crypto spot exchange volume, representing a 20-fold increase from near-zero levels just nine months ago.

JUST IN: 🇺🇸 $2 trillion wiped out from the US stock market this week.