check balance sheet > https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

Bitcoin outflows from exchanges have continued for 10 consecutive days, with a further $200 million worth of Bitcoin withdrawn yesterday. Investors are increasingly interested in holding Bitcoin for the long term and are moving their funds off exchanges and into cold storage or other forms of secure storage.

Notably, Gemini saw a significant whale outflow of $100 million. (Graph #1 & graph #2)

When we look at the holdings of entities that hold large amounts of Bitcoin (100 to 1,000 BTC), we can see that they continue to accumulate the BTC, as indicated by a positive 21-day balance change. This may suggest that large investors and institutions are bullish on Bitcoin's long-term prospects and are actively seeking to increase their exposure to the Crypto. Graph (#3)

Just over $4B notional worth of BTC options are set to expire March 31 (tomorrow). Graph (#4)
Max pain price is $24,000

Graph#1

Graph#2

Graph#3

Graph#4 /end

Arbitrum slowly but surely, a rising star.

FED'S KASHKARI COMMENTS!

$BTC imp level..

Binance listings Cumulative returns..

Lose this level its light out
$27600-700

Busd dominated Selling with futures selling. $27,700 imp level!

Based on the past 10 years record, 5/10 raked in >30% upside during April..

graph last 7years vs current!

Imp data release in couple of hours:

Core PCE Price Index m/m
Forecast ~ 0.4%

Different time zone:
USA Eastern Time: 8:30 AM
USA Pacific Time: 5:30 AM
UAE Time: 1:30 PM
Turkey Time: 7:30 PM

10 minutes to the PCE

[BBG] : Core PCE Price Index m/m
0.3% 0.4% 0.6%

nothing major but it’s still progress for the FED, most likely the market will be pushing for more dovish expectations with this

Slightly bearish for USD and bullish stocks and crypto!