Crypto Coinfessions ✖️

Bitcoin and Ether options client interest and trading activity continue to accelerate as Q1 wraps up, with both contracts reaching record open interest of 15,089 contracts on March 27 — link

Bitcoin correlation with SP500 is coming back to normal historic levels — link

ANALYSIS: USDC outflow continues - stablecoin market cap has fallen by $10 billion in the last 2 weeks.

ANALYSIS: Data from The Block indicates that the monthly options volume for ETH has reached its highest level since May, ahead of Ethereum's scheduled Shapella update on April 12.

📚📔📒📕📗📘📖📕📗📒📘📔📙📚 This Is Link To Channel Where I Download Paid Books, Indicators And Video Courses📹 📚📔📒📕📗📘📖📕📗📒📘📔📙📚 JOIN NOW👇 https://t.me/+MuKbZoBjohUzOTQ0 https://t.me/+MuKbZoBjohUzOTQ0

This Is Link To Channel Where I Download Paid Books, Indicators And Video Courses📹 📚📔📒📕📗📘📖📕📗📒📘📔📙📚 JOIN NOW👇 https://t.me/+7vzZ4BAnTTMwZDE9 https://t.me/+7vzZ4BAnTTMwZDE9

#Bitcoin #btcusd #btcusdt $btc Funding rate continues to climb higher whilst the long/short ratio remains flat. With price declining and funding positive, short perps are potentially profitable and being paid by longs to keep their positions open. - link

Join on this conversation https://t.me/+a5yBK0DyRY1mMzNk 🌟

ETH/BTC 30-day correlation rises back to >90%

Tomorrow is quarterly settlement day and quarterly contracts are currently trading very actively, with short-term implied volatility continuing to rise, up almost 10% in one day for the monthly term. Block trades accounted for more than half of the total volume, dominated by option buying and bull spreads.

Binance Bitcoin trading volume hits lowest level in 8 months following termination of zero-fee trading.

ANALYSIS: CryptoQuant disclosed that a breach of 1.5 in BTC's MVRV Ratio would indicate a bullish drive, as it has been a reliable market trend indicator.

Bitcoin price aims at $30,000 even as SEC charges cause crypto exchange Beaxy to cease operations.

Cryptos Gained in Q1 Despite Weakened Asset Class Perceptions It’s been an eventful start to 2023, with what feels like a full year of news crammed into just three months. Year-to-date cryptocurrency returns, similarly, have been much bigger than is typical for a single quarter: Layer 1s Bitcoin: 71% Ether: 51% Avalanche: 58% Cardano: 57% Solana: 112% Algorand: 34%

The #Bitcoin #btc $btc #btcusd Relative Strength Index is above 50 for the first time in a year, signifying the beginning of a new 📈 bullish trend 🙌 - link

The banking crisis pushed more than $286 billion into money market funds in two weeks. Goldman Sachs money funds have received USD 52 billion, representing a growth of 13%, while JPMorgan funds received almost USD 46 billion and Fidelity registered inflows of almost USD 37 billion, notes the FT. During a seven-day period ending March 22, the money market fund's total assets increased by $117.42 billion to $5.13 trillion, according to a report by the Investment Company Institute.

Ethereum's supply has decreased by more than 70,000 ETH since The Merge — link

Ethereum and BNB Chain have two of the largest user bases in crypto, with BNB seeing its user onboard rate increase as ETHs fell. ETH's stunted growth can be attributed to the rise of Arbitrum and Optimism, both seeing industry-leading user growth and retention rates — link

Bitcoin hashrate continues to rise, hits an all-time-high.

There is a high probability that Bitcoin will break the supports of $26693.54; $25156.99; $23,978.45; and if there is news that alters market sentiment, it could hit $22,855.48.