Bitcoin ETF, frog themes to see renewed interest

By Omkar Godbolole (all time and unless otherwise indicated)

Bitcoin (BTC), Ether (ETH) and the widest cryptographic market face a renewed pressure, reversing some of the profits achieved after the president of the Federal Reserve, Jerome Powell, minimized concerns about inflation driven by rates.

According to reports, President Donald Trump is scheduled to speak at the Digital BlockWorks assets in New York later, with merchants anxious to listen to how the administration plans to acquire BTC neutrally to the budget. Do not get too emotions, the probability of such an ad is to be low.

Trump is more likely to reiterate his aspiration to make the United States the “cryptographic capital of the world”, and even this can overwhelm the markets.

In a more positive note, the renewed interest in the ETF spot that are listed in the United States supports the market force. On Wednesday, the Bitcoin ETF experienced a total net ticket of $ 11.8 million, a fourth consecutive day of positive flows, according to Farside investors. In contrast, Ether Spot ETF registered a net exit of $ 11.7 million, extending a retreat streak to 11 consecutive days.

“Several catalysts continue to support a bullish perspective,” said Blockhead Research Network. “The US Government. Exploring neutral forms with budget to accumulate Bitcoin could be a factor that changes the game for this cycle. In addition, solana futures that are added to the CME is an important upward indicator for the Altcoins, potentially increasing the institutional exposure to Sol.”

Speaking of flows in the chain, the data of Entotheblock reveal that the whales now have about 62,000 BTC more than at the beginning of the month, which indicates a resurgence in the accumulation after almost a year of balances in decline. XRP whales have also been buying in the last two months.

For its part, the Token Sui has remained resistant, seeking to build on its profits on Wednesday following Canary Capital Group, an institutional firm of Cryptography Trade and Commerce Management, requesting a fund quoted by the exchange (ETF) with the SEC.

In the broader news of the market, a domain claim page for Hyperlane, an open interoperability frame, arose, causing speculation of a potential token airdrop on social networks.

Traditional markets offered mixed signals, with and in dollars looking at a deadly death pattern, causing a great increase ahead in the Japanese currency, which is considered an anti-risgo possession. Meanwhile, copper approached a record in a positive sign for risk assets. Stay alert!

What to see

• Crypto:
• Macro
  • March 20, 8:00 am: The Bank of England announces its interest rate decision.
    • Banking Rate Est. 4.5% vs. Prev. 4.5%
  • March 20, 8:30 am: The US Department of Labor.
    • Initial unemployment claims Est. 224k vs. Prev. 220k
    • Continuing unemployment claims Est. 1890k vs. Prev. 1870k
  • March 20, 3:00 pm: The National Institute of Statistics and Census of Argentina releases employment data from the fourth quarter.
    • Unemployment rate Prev. 6.9%
  • March 20, 7:30 PM: The Ministry of Internal Affairs and Communications of Japan publishes data from the February Consumer Price Index (CPI).
    • YOY EST Nucleus inflation rate. 2.9% vs. Prev. 3.2%
    • Previous mother inflation rate. 0.5%
    • YOY PREF INFLATION RATE. 4%
  • March 21, 6:30 am: Russia Bank is expected to announce its interest rate decision.
    • Key Rate Est. 21% vs. Prev. 21%
• Earnings (Estimates based on data data)
  • March 27: Kulr Technology Group (Kulr), Post -Mercado, $ -0.02
  • March 28: Galaxy Digital Holdings (GLXY), Pre-Mercado, C $ 0.38

Token events

• Government votes and calls
• You unlock
  • March 21: Immutable (IMX) to unlock 1.39% of the circulating offer for a value of $ 14.13 million.
  • March 23: Metarsis (MRS) Unlock 11.87% of its circulating supply worth $ 240.90 million.
  • March 31: Optimism (OP) to unlock 1.93% of its circulating supply for a value of $ 28.06 million.
  • April 1: SUI (SUI) will unlock 2.03% of its circulating supply for a value of $ 158.56 million.
  • April 3: Wormhole (W) to unlock 47.64% of its circulating supply worth $ 117.81 million.
  • April 7: Kaspa (Kas) will unlock 0.59% of its circulating supply for a value of $ 12.31 million.
• Tokens listings
  • March 20: Jupiter (JUP) that will be listed in Binance.us.
  • March 31: Binance to Delist USDT, FDUSD, Tusd, USDP, DAI, AEUR, UST, USTC and PAXG.

Conferences

Token talk

By Shaurya Malwa

• Frog’s thematic chips jumped on Thursday, with a Token Kekius Maximus with 96% after Elon Musk published an image that housed a portrait “Kekius Maximus” in X.
• “OK” replied to a user’s suggestion to change his screen name to “Kekius Maximus”, amplifying attention in the memes and tokens related to the frog. The name is linked to existing coins with frog theme like Pepe, with a frog dressed as a Roman gladiator.
• Musk’s support caused speculation about whether it is insinuating to support the existing Token Kekius or simply join the holidays of the day, although it creates volatility in such tokens.
• The phrase increased in visibility when Musk made Kekius Maximus his screen name on December 31.
• The KEK connection also sets with the “Kek cult”, an ironic Internet phenomenon that unites the term with an ancient deity of Egyptian chaos and darkness.
• The homonymous token issued at that time increased to a market capitalization of almost $ 200 million shortly after the emission only for crater more than 95% after the initial exaggeration decreased.
• Memecoras tend to increase when Musk refers to them due to their massive influence and worship monitoring. Such tokens are often based on feelings and thrive in such attention that it turns Musk’s recreational nods, as a mere mention, in price catalysts.

Derivative positioning

• The open interest of BTC Global Futures has increased to $ 13.3 billion, the highest since March 4, according to the coinglase data. The open interest of ETH remains below $ 2 billion.
• At the base of the future BTC of a month of BTC of the CME, it has fallen below 5% annualized despite the prices profits during the night, which suggests a lack of participation of institutional merchants. The ETH base remains around 5%.
• Doge, APT, XMR, BCH, XRP, LTC, ADA and close to see the delta of the negative cumulative volume, which implies the net sale in the middle of the price rebound.
• The BTC options of Deribit have turned reach, with frontal and almost dated calls that are now marketed more expensive than the positions. ETH, however, delayed in feeling.

Market movements:

• BTC has dropped 0.26% of 4 PM ET on Wednesday to $ 83,576.60 (24 hours: +2.07%)
• ETH has dropped 2.85% to $ 1,980.15 (24 hours: +0.3%)
• COINDESK 20 has dropped 0.96% to 2,711.65 (24 hours: +3.04%)
• The commitment rate composed of Ether increases 5 PB to 3.02%
• BTC’s financing rate is at 0.0043% (4.74% annualized) in Binance

• DXY has risen 0.46% to 103.90
• Gold has increased 0.19% to $ 3,039.20/Oz
• La Plata has dropped 0.19% to $ 33.49/oz
• Nikkei 225 closed on Wednesday -0.25% to 37,751.88
• Hang Seng closed on Thursday -2.23% to 24,219.95
• Ftse fell 0.33% to 8,678.09
• Euro Stoxx 50 has dropped 0.92% to 5,456.82
• Djia closed Wednesday +0.92% to 41,964.63
• S&P 500 closed +1.08% at 5,675.29
• Nasdaq closed +1.41% to 17,750.79
• S&P/TSX composite closed index +1.47% at 25,069.21
• S&P 40 Latin America closed +0.77% to 2,495.85
• The 10 -year Treasury Rate. UU. 2 BPS fell to 4.22%
• E-mini s & p 500 futures have dropped 0.1% to 5.724.00
• E-mini nasdaq-100 futures have dropped 0.16% to 19,919.00
• E-mini dow Jones The industrial average of the index of the futures has not changed to 42,290.00

Bitcoin statistics:

• BTC domain: 61.60 (0.04%)
• Bitcoin Ethereum Relationship: 0.02327 (-1.90%)
• Hashrat (seven -day mobile): 804 eh/s
• Hashprice (spot): $ 48.76
• Total rates: 5.28 BTC / $ 453,536
• CME Futures Open Interest: 154,690 BTC
• BTC with a gold price: 27.9 oz
• BTC vs Gold Market Cap: 7.91%

Technical analysis

• Nvidia (NVDA), the heavyweight Nasdaq, has caused a head and shoulder breakdown, hinting at a change of uploading trend.
• The breakdown offers bearish signals to risk assets.
• The 90 -day correlation between NVDA and Bitcoin is 0.6.

Cryptographic equities

• Strategy (MSTR): closed on Wednesday at $ 304.23 (+7.43%), less than 2.58% to $ 296 in the previous market
• Global Coinbase (Coin): Closed at $ 189.75 (+4.75%), less than 2.16% at $ 185.20
• Galaxy Digital Holdings (GLXY): Closed at C $ 17.70 (+3.57%)
• Mara Holdings (Mara): closed at $ 12.53 (+3.81%), less than 1.68% at $ 12.32
• Riot Platforms (Riot): closed at $ 7.78 (+5.14%), 0.39% higher than $ 7.75
• Core Scientific (Corz): closed at $ 8.68 (+8.23%), 0.12% at $ 8.67
• CleanSTark (CLSK): closed at $ 8.01 (+5.53%), minus 1.12% at $ 7.92
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): closed at $ 15.20 (+6.67%), 6.12% at $ 14.27
• Semler Scientific (SMLR): closed at $ 40.04 (+12.82%), less than 3.25% at $ 38.74
• Exodus movement (exod): closed at $ 40.75 (+34.67%)

ETF flows

Spot BTC ETF:

• Daily net flow: $ 11.8 million
• Cumulative net flows: $ 35.88 billion
• Total BTC holdings ~ 1,119 million.

Spot Eth Ethfs

• Daily net flow: -$ 11.7 million
• Cumulative net flows: $ 2.46 billion
• Total eth holdings ~ 3,450 million.

Source: Farside Investors

Flows during the night

Figure of the day

• The base of the coinbase layer 2 scale solution maintains its lead on other chains as a platform with the highest value in dollars of the currencies received through crypt bridges.
• Berachain and Solana take positions No. 2 and No. 3 with the referee at the bottom with most outputs.

While you sleep

In the ether