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Carnage to BTC and Altcoins can be a warning for equities

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By James Van Straten (all the time and unless otherwise indicated)

The CME Bitcoin (BTC) Futures Chart is committed again once the 12% Bitcoin retirement has filled the latest CME GAP– Performs closing the weekend of exchange and the price of Bitcoin is up to $ 95,000.

According to RiggsbtcAn X post has been highlighting a remarkable statistics: Since the bitcoin futures launched in December 2017, there are 80 CME gaps, with only one who has not finished $ 21,000.

When it comes to the macroeconomic photo, the US economy faces a slower growth due to fiscal cuts, trade uncertainty, and a weakening housing market. It is expected that inflation will be lower, with the Federal Reserve Prioritizing Price control job, according to Professor Satoshi, an analyst at the Greeks Live Options Trader, CoinDesk said exclusively.

Professor Satoshi also views equities as an excessive amount, predicting a potential fall of the S&P 500 to 5700-5500. Meanwhile, the crypto market is experiencing de-risk, which is often preceded by collapse of equality.

“You can see the altcoins getting de-risked. This means that majors get de-fitted afterwards. Usually, this is the crypto market, then follow the equality”, according to Professor Satoshi.

In addition, Professor Satoshi expects Fed to skip a cutting rate in March and the potential for a larger 50 bps cut in May. A potential return of the volume of emergence in 2025, the one he hoped for since the growth of last year’s growth.

“The Federal Reserve is always in the back because they are driven by data. In my bingo cards for 2025 is the return volume of emergence. With no thought that it is possible but it has been thinking for some time since the growth of growth last year, we managed to kick the can down the curvature until now”.

However, strengthening Japanese yen can be a coal mine canary, which is currently at this year’s strongest level against the US dollar at 148. Stay alert!

What to watch

Crypto:
Macro
- March 4, 8:00 PM: The 14th National People’s Congress (NPC) begins the third annual session.
- March 4, 8:30 pm: Bank of Japan Governor Kazuo Ueda Speech at the IMF event “Asia and the IMF: Resilience by cooperation” in Tokyo.
- March 4, 8:45 PM: Caixin Media has released activity data in China economic.
  - PMI services are. 50.8 vs. Past. 51
  - Composite PMI Prev. 51.1
- March 5, 4:00 am: HCOB (Hamburg Commercial Bank) released (final) February Eurozone PMI business activity activity.
  - Composite pmi est. 50.2 compared to prev. 50.2
  - PMI services are. 50.7 vs. Past. 51.3
- March 5, 5:00 am: Eurostat released January Eurozone Wholesale Inflation Data.
  - PPI mom est. 0.3% compared to Prev. 0.4%
  - Ppi yoy prev. 0%
- March 5, 8:00 am: S&P Global Releases February Brazil Economic Activity Data.
  - Services PMI Prev. 47.6
  - Composite PMI Prev. 48.2
- March 5, 8:15 AM: Automatic data processing (ADP) has released employment data in the US non-farm sector.
  - ADP Employment Change EST. 140k compared to prev. 183k
- March 5, 9:30 am: S&P Global Releases February Canada Economic Activity Data.
  - Services PMI Prev. 49
  - Composite PMI Prev. 49.5
- March 5, 9:45 AM: S&P Global releases US -economic activity data.
  - PMI services are. 49.7 vs. Past. 52.9
  - Composite pmi est. compared to 50.4 compared to prev. 52.7
- March 5, 10:00 AM: The Institute for Supply Management (ISM) has released US -economic data data.
  - PMI services are. 52.9 vs. Past. 52.8
Revenues (ESTS. Based on factset data)
- March 6 (TBC): Bitfarms (Bitf), $ -0.04
- March 17 (TBC): Bit Digital (BTBT), $ -0.05
- March 18 (TBC): Terawulf (Wulf), $ -0.04
- March 24 (TBC): Galaxy Digital Holdings (Tse: Glxy), C $ 0.38

Events with the token

Votes and Management Calls
Unlocks
- March 2: Etherna (ENA) to unlock 66.19% of the shifting -shifted supply worth $ 715.55 million.
- March 7: KASPA (KAS) to unlock 0.63% of the circulating -shifted supply worth $ 12.27 million.
- March 9: Movement (Move) to unlock 2.08% of its circulating -switch supply worth $ 19.57 million.
- March 12: Aptos (APT) to unlock 1.93% of the shifting -transfer supply worth $ 61.07 million.
- March 15: StarkNet (STRK) to unlock 2.33% of the circulating -shifted supply worth $ 11.99 million.
Token lists
- March 4: Livepeer (LPT) listed in BitBank.
- March 6: Roam ($ Roam) listed in Kucoin and Mexc.

Conference

Token talk

By Shaurya Malwa

Investors in Ether (ETH) are narrowly avoided a catastrophic cascade of fluids within the Makerdao ecosystem because ETH prices come within $ 80 of the first extermination of a critical price point of $ 1,929, according to data from Makerdao’s vaults.
Vaults, including Vault 26949, Vault 22025, and Vault 1985, have been -collateralized with ETH and hold a joint value of over $ 348 million. However, they faced the destruction risks if the ETH price dropped to $ 1,929, $ 1,844, or $ 1,796, respectively.
Market observers closely monitor these levels, as a violation can ensure Dai Stablecoin and Ripple through a broader defi ecosystem, which potentially cause significant volatility.
The slide came as ETH grapples with the worst price action in recent years – dropped 12% in the past 24 hours to reach the levels last seen in late 2023.

Derivatives positioning

Swoon prices are constantly trembling with leverage entrepreneurs. Bitcoin and Ether futures open interest in Binance have hit the lowest level since August last year. The open interest in BTC and Eth Futures listed in CME refused the levels seen in November.
The basis of the CME, however, recovers above 5%, indicating the modified bullish flows.
Top 25 Cryptocurrencies are on a 24 -hour basis, but Hype, BCH, XMR, Sui, OM, BNB, UNI and Ton have seen a concurrent increase in open interest. That is a sign of merchants who shorten the fall of these tokens.
In the derivit, BTC and ETH options show a modified bias for those placed. A market participant pays more than $ 2 million in the premium to buy the $ 85,000 BTC that expires by the end of April.

Market Movements:

BTC dropped 1.62% from 4 pm et Monday to $ 84,001.60 (24hrs: -9.49%)
ETH dropped 0.48% to $ 2,101.37 (24hrs: -0.48%)
CoinDesk 20 drops 2.7% to 2,734.47 (24hrs: -10.9%)
Ether Cesr Composite Staking Rate drops 7 bps to 3.07%
BTC funding rate is at 0.0035% (3.89% annual) in Binance

DXY drops 0.43% to 106.29
Gold reached 1.18% to $ 2,924.2/oz
Silver reached 1.28% to $ 32.44/oz
Nikkei 225 closed -1.2% to 37,331.18
Closed by Hang Seng -0.28% to 22,941.77
FTSE drops 0.3% to 8,856.47
Euro Stoxx 50 drops 2.02% to 5,428.65
DJIA closed on Monday -1.48% to 43,191.24
S&P 500 closed -1.76% to 5,849.72
NASDAQ closed -2.64% out of 18,350.19
The S&P/TSX composite index is closed -1.54% to 25,001.6
S&P 40 Latin America closed -0.53% to 2,286.64
The US 10-year Treasury Rate is up to 1 bps at 4.17%
E-Mini S&P 500 futures dropped 0.11% to 5,854.25
E-Mini Nasdaq-100 Futures do not change to 20,464.25
E-Mini Dow Jones Industrial Average Index Futures dropped 0.1% to 43,202.00

Bitcoin Stats:

BTC Dominance: 60.98 (-0.82%)
Ethereum in Bitcoin Ratio: 0.02511 (0.72%)
Hashrate (seven-day moving average): 810 eh/s
HASHPRICE (spot): $ 52.2
Total Fees: 6.06 BTC / $ 550,672
CME Futures Open Interest: 139,245 BTC
BTC is priced in gold: 29.1 oz
BTC vs Gold Market Cap: 8.27%

Technical analysis

Weekly chart of XRP/BTC. (Tradingview)

The XRP-Bitcoin (XRP/BTC) pair drives against the upper end of a four-year-old channel.
Breakouts from such prolonged integration patterns -together often produce sharp rallies.

Crypto equities

Microstrategy (MSTR): Closed on Friday at $ 250.92 (-1.77%), down 1.63% to $ 246.82 to pre-market
Coinbase Global (coin): closed to $ 205.75 (-4.58%), down 1.01% to $ 203.68
Galaxy Digital Holdings (GLXY): Closed to C $ 20.76 (-3.58%)
Mara Holdings (Mara): closed at $ 13.79 (-0.93%), down 2.61% to $ 13.43
Riot Platform (Riot): closed to $ 8.86 (-4.53%), down 1.58% to $ 8.72
Core Scientific (Corz): closed to $ 10.14 (-9.14%), down 0.89% to $ 10.05
CleansPark (CLSK): closed to $ 7.79 (-2.5%), down 1.8% to $ 7.65
COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): Closed to $ 16.50 (-7.41%)
Semler Scientific (SMLR): closed at $ 38.89 (-9.39%), down 3.5% to $ 37.53
Exodus Movement (Exod): closed -2.91% at $ 40.97

ETF is flowing

Spot btc etfs:

Net -Net Flow: -$ 74.2 million
Cumulative Net Flow: $ 36.87 Billion
Total handling of BTC ~ 1,131 million.

Spot etfs

Net -Net Flow: -$ 12.1 Million
Cumulative Net Flow: $ 2.81 billion
Total Eth Holdings ~ 3.636 million.

Source: Farside Investor

Overnight flowing

Top 20 prices and quantities of digital assets

Chart of the day

Monthly Dex Volume: Ethereum vs Solana. (Artemis)

Solana -based Dexes registered $ 105.9 billion in trading volume in February, comfortably outside the Ethereum tally of $ 82 billion.
Solana’s winning trend began in October, mainly due to Frenzied trading in Memecoins.