Cake, TKX add spark since the price of BTC steps water before feeding

By Omkar Godbolole (all time and unless otherwise indicated)

Bitcoin (BTC) negotiated around its 200 -day average of $ 84,000 when the famous hyperliquida whale left its short position of multimillionaire BTC. Smaller coins such as Cake, TKX, OKB and ATOM contributed to market optimism with positive actions.

Token Sui fought to extend the 6% increase on Monday, which was stimulated by the ETF presentations of asset administrators before the SEC, showing a growing institutional interest in the broader cryptographic market.

While some analysts declared the end of the execution of Bitcoin Bull, throwing doubts about the sustainability of the recent rebound, the data indicated otherwise, pointing to the exhaustion in the sales pressure directed by ETF.

On Monday, Spot Bitcoin ETF based in the United States attracted $ 275 million in investor funds, building the influx of $ 41 million on Friday. That is the first consecutive entry since February 7, according to data tracked by Farside investors.

“These data reinforce the narration that the sales pressure promoted by ETF is exhausting,” said Valentin Fournier, BRN analyst. “If this trend continues, we could see that tickets gradually generate impulse, which further supports the price of Bitcoin.”

The Fed rates decision on Wednesday could introduce volatility in the cryptography market with a misleading statement that possibly increases risks.

“After the FOMC, Bitcoin is expected to be negotiated within the range of $ 80,000 to $ 86,000 with 80% confidence, while Ethereum is projected to fluctuate between $ 1,800 and $ 2,100 under the same level of trust,” according to Ryan Lee, chief analyst at Bitget Research. “These ranges reflect potential movements linked to macroeconomic signals, feeling of broader investors and financial conditions.”

In traditional markets, European actions exceeded the German parliamentary vote on the historical reforms of the debt. The gold remained firm above $ 3,000 per ounce, with Blackrock calling a better diversifier than the treasure notes in the current macro environment.

Meanwhile, the futures linked to Nasdaq, S&P 500 and Dow exchanged unchanged in the midst of reports that the so-called Trump-Poutin with respect to the Ukraine Peace Agreement will take place between 13:00 and 15:00 GMT. Stay alert!

What to see

• Crypto:
• Macro
  • March 18, 8:30 am: STATISTICS CANADA PUBLISH FEBRUARY CONSUMER PRICE INDEX (CPI).
    • Central inflation rate Previous. 0.4%
    • Nucleus inflation rate Yoy Prev. 2.1%
    • Inflation rate Mom est. 0.6% vs. Prev. 0.1%
    • Yoy Est inflation rate. 2.1% vs. Prev. 1.9%
  • March 18, 8:30 am: The US Census Office. Uu. Liberates February residential construction data.
    • Housing begins Est. 1.38m vs. Prev. 1,366m
  • March 18, 11:00 pm: The Bank of Japan (BOJ) publishes its statement of monetary policy.
    • Interest rate est. 0.5% vs. Prev. 0.5%
  • March 19, 6:00 am: Eurostat Versions (Final) EUROZONA Consumer Price Index (IPC) of February.
    • YOY EST Nucleus inflation rate. 2.6% vs. Prev. 2.7%
    • Inflation rate Mom est. 0.5% vs. Prev. -0.3%
    • Yoy Est inflation rate. 2.4% vs. Prev. 2.5%
  • March 19, 2:00 pm: The Federal Reserve announces its interest rate decision. The FOMC press conference is broadcast live 30 minutes later.
    • Fed Foundation Interest rate Est. 4.5% vs. Prev. 4.5%
  • March 19, 3:00 PM: The National Institute of Statistics and Census of Argentina releases GDP data.
    • GDP growth of the full year (2024) Prev. -1.6%
    • GDP growth rate QOQ (Q4) Prev. 3.9%
    • GDP growth rate Yoy (Q4) Est. 1.7% vs. Prev. -2.1%
  • March 19, 5:30 PM: The Central Bank of Brazil announces its interest rate decision.
    • Rate Seica Est. 14.25% vs. Prev. 13.25%
• Earnings (Estimates based on data data)
  • March 27: Kulr Technology Group (Kulr), Post-Market
  • March 28: Galaxy Digital Holdings (GLXY), Pre-Mercado

Token events

• Government votes and calls
• You unlock
  • March 21: Immutable (IMX) to unlock 1.39% of the circulating offer worth $ 13.96 million.
  • March 23: Metarsis Genesis (MRS) Unlock 11.87% of its circulating supply worth $ 242.9 million.
  • March 31: Optimism (op) to unlock 1.93% of its circulating supply for a value of $ 27.47 million.
  • April 1: SUI (SUI) will unlock 2.03% of its circulating supply for a value of $ 147.65 million.
  • April 3: Wormhole (W) to unlock 47.7% of its circulating supply worth $ 121.48 million.
  • April 7: Kaspa (Kas) will unlock 0.59% of its circulating supply for a value of $ 11.28 million.
• Tokens listings
  • March 18: Jupiter (JUP) that will be listed in Arkham.
  • March 18: Paws (PAWS) that will be included in Bybit.
  • March 18: Slingshot (Honda) that will be listed in Kucoin.
  • March 19: Hamster Kombat (HMSTR) and Duckchain (Duck) that will be included in Kraken.
  • March 31: Binance to Delist USDT, FDUSD, Tusd, USDP, DAI, AEUR, UST, USTC and PAXG.

Conferences

Token talk

By Shaurya Malwa

• The computer pirates attacked the launch platform of four. Meme of BNB Chae, exploiting new memes tokens to drain liquidity by avoiding listing restrictions and creating unauthorized negotiation pairs in Pancakeswap, diverting the funds around 04:00 GMT.
• The attack was advanced to the cured token launches of Four.me, buying small amounts of tokens before launch, adding liquidity to the pairs of Pancakeswap and pulling carpets, pointing to popular tokens such as Mubaraking (87.90 BNB stolen) and others like Eddy and Cocoro.
• Four.me suspended the new tokens pitches and promised compensation for affected users, although no smart contract vulnerability was found. The filtered early transactions enabled the career of the hacker pirate, according to analyst Chaofan Shou.
• The attack exploded a defective token function that allowed transfers during the stage of the union curve, a problem of manipulation of recurrent flow cells, which potentially affects the four meme tokens despite the fact that only a few were beaten due to their popularity.

Derivative positioning

• The open interest in future ETH, LTC, XRP and Perpetual Sol increased by the last 24 hours along with a delta of flat to negative volume (CVD), indicating the net sale in the market.
• Sol, Ada and Doge have also seen negative financing rates.
• Both the open interest and the basis in the futures of BTC and ETH CME remain depressed in the recent minimums, which suggests a lack of trust among the institutions to deploy capital.
• The BTC and ETH options of Deribit continue to show biases for expirations until the end of April.

Market movements:

• BTC has dropped 1.62% from 4 pm et on Monday to $ 82,676.40 (24 hours: -0.81%)
• ETH has dropped 2.29% to $ 1,892.55 (24 hours: -1.1%)
• COINDESK 20 has dropped from 2.25% to 2,582.56 (24 hours: -1.46%)
• The commitment rate composed of CESR Ether does not change to 2.96%
• The BTC financing rate is at 0.0036% (3.89 annualized) in Binance

• DXY has not changed to 103.28
• Gold has increased 0.76% to $ 3,020.72/oz
• La Plata rises 0.82% to $ 34.07/oz
• Nikkei 225 closed +1.2% to 37,845.42
• Hang Seng closed +2.46% to 24,740.57
• Ftse rose 0.44% to 8,715.59
• Euro Stoxx 50 rises 0.85% to 5.491.99
• Djia closed Monday +0.85% to 41,841,63
• S&P 500 closed +0.64% at 5,675.12
• Nasdaq closed +0.31% to 17,808.66
• The closed S&P/TSX compound index +0.94% to 24,785.11
• S&P 40 Latina America closed +1.76% at 2,475.69
• The 10 -year Treasury rate of US has dropped 1 BP to 4.31%
• E-mini s & p 500 futures have dropped 0.29% to 5,715.75
• E-mini nasdaq-100 futures have dropped 0.38% to 19,963.00
• E-mini dow Jones Industrial average index future fell 0.27% to 42,112.00

Bitcoin statistics:

• BTC domain: 61.66 (-0.03%)
• Bitcoin Ethereum Relationship: 0.02285 (-0.31%)
• Hashrate (seven -day mobile): 805 eh/s
• Hashprice (spot): $ 47.08
• Total rates: 4.68 BTC / $ 386,699
• CME Futures Open Interest: 151,030 BTC
• BTC with a gold price: 27 oz
• BTC vs Gold Market Cap: 7.68%

Technical analysis

• The decrease in the dollar index (DXY) continues with the 61.8% fibonacci fibonacci setback support in a positive sign for risk assets.
• The advance has exposed the following support to 102.32, which represents the Fibonacci level of 78.6%.

Cryptographic equities

• Strategy (MSTR): closed Monday at $ 294.27 (-1.08%), less than 1.54% at $ 289.75 in the previous market
• Global coinbase (coins): closed at $ 188.96 (+3.19%), less than 1.55% at $ 186.21
• Galaxy Digital Holdings (GLXY): Closed at C $ 17.35 (-3.5%)
• Mara Holdings (Mara): closed at $ 12.97 (-1.59%), less 1.39% at $ 12.79
• Riot Platforms (Riot): closed at $ 7.76 (-0.77%), less than 1.16% at $ 7.67
• Core Scientific (Corz): Closed at $ 8.76 (-0.57%), 0.8% less than $ 8.69
• CleanSTark (CLSK): closed at $ 8.12 (+1.88%), less 1.23% at $ 8.02
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): closed at $ 15.37 (+0.46%)
• Semler Scientific (SMLR): closed at $ 36.03 (+4.89%), 2.19% more at $ 36.82
• Exodus movement (exod): closed at $ 32.35 (+15.33%), without changes in the previous market

ETF flows

Spot BTC ETF:

• Daily net flow: $ 274.6 million
• Cumulative net flows: $ 35.67 billion
• Total BTC holdings ~ 1,120 million.

Spot Eth Ethfs

• Daily net flow: -$ 7.3 million
• Cumulative net flows: $ 2.53 billion
• Total eth holdings ~ 3,509 million.

Source: Farside Investors

Flows during the night

Figure of the day

• Pump.fun is a largely used solar market to create and distribute tokens, mainly memecoras.
• Token’s daily deployment activity cooled at 29,475 transactions on Monday, below 71,738 on January 23.
• It is a sign that the broader market slide has cooled speculative activities.

While you sleep

In the ether