Breaking: Coinbase Officially Halts Operations In Japan

https://bit.ly/3HdAumH

The service Glassnode found a strong overflow of stables in the VTS. Most often this happened somewhere near the tops, although it did not prevent the price from rising for a while longer.

Large Bitcoin wallet volume trades (Whalemap)
The accumulation was really large-scale and the fuel for growth created is enormous.

Binance’s Fiat Partner Signature Bank Puts A Minimum Transaction Limit

https://bit.ly/3WvxFSk

So far, bitcoin movement is not much different from previous correction cycles (Arcane)

There is a significant overflow of funds to altcoins with low capitalization (Santiment)

Revealed: FTX Owes Money To These Industry Giants

https://bit.ly/3WJoWwa

Polygon surpassed Ethereum #ETH in daily active users🔥

The bulk of the liquidation of longs is now in the $16,000-22,000 range.

A large number of short liquidations are in the 26000-29000 range (Kingfisher)

These levels always act as magnets.

The monthly bitcoin chart shows a fairly bullish picture. The long fall stopped at the strong mirror level of ~$18,000. And after the horizontal consolidation a rebound begins.

Strong resistance is now only around $30,000. Therefore, the chances of continued growth are still high.

Bitcoin network on February 3 recorded a transaction of 313 million dollars, a record for 4 weeks (Santiment)

An interesting observation: previously, after such record deals there was often a change in trends.

There are strikingly similar bearish cycles in the GTS in 2017-2018 and now.

Then, in a similar situation, we got a rise of almost three times.

The current behavior of bitcoin continues to fit perfectly with the dynamics of previous cycles of correction and growth (Coinshares)

Against the background of bitcoin growth to 25000$ the very reliable Puell multiplier also gives a bullish signal. After exiting the oversold zone, it rose to a 14-month high and rose above the "1" mark.

Historically, this has given a signal for the start of the bull run.

Most indicators on the higher timeframes are signaling an impending rise in bitcoin.
Visually all cycles of growth and decline have been similar, the current bear market is no exception.

Technically right now we are breaking through long-term dynamic resistance. Historically, this event has triggered a powerful up-trend. With each new one, there is less and less chance of history repeating itself completely. So getting into longs on the whole cutlet is clearly not the right time. But it's also not a good idea to sit completely in stablenecoin waiting for a new decline. Right now a healthy caution is the ideal solution.

The mass withdrawal of bitcoins and ethers from centralized exchanges continues. Balances on exchanges have fallen to 5-year lows. Falling supply of BTC and ETH on trading floors reduces the likelihood of strong sales in the future (Santiment)

March has been a positive month for bitcoin lately, but historically it is still a weak time. On average, VTC was down 4.8%.

We can already state the fact that in the market there was a distribution of VTC from weak to strong hands. Now a significant portion of bitcoin supply is again controlled by long-term holders.

In the past this always preceded bullruns. The graph looks very optimistic (CryptoQuant)

Funding rates are signaling that short positions are actively accumulating on bitcoin (CryptoQuant).
Historically, this has been a good bullish sign.

JPMorgan is still in a bearish mood. For market recovery, it is waiting for the resumption of capitalization growth of steibles and the resumption of growth of venture capital investments in crypto. Right now, both are falling.

And the recent collapse of Silvergate crypto-bank and tighter regulation of crypto in general will have a negative impact on financial flows in the near future.

Circle said that the situation is "inflated" - the main collateral issuer USDC are stored in BlackRock and BNY Mellon, and even if you can not get back that $3.3 billion from Silicon Valley, the shortfall will be overlaid from corporate reserves.

They promise to restore full USDC-dollar parity by the beginning of the new week.