Crypto Derivatives On The CME Reach New Milestones Amid Regulatory Uncertainty

Bitcoin also had a big month, with options open interest reaching an all-time high and crossing $1 billion for the first time. Open interest is the total number of outstanding contracts that are yet to settle.

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Bitcoin bulls’ desire for a trend reversal could be obliterated by this week’s $565M options expiry

Bitcoin keeps liquidating longs as BTC price action gives up $22K support.

In a clear sign that Silvergate's demise is disproportionately affecting U.S.-based exchanges/market makers, BTC and ETH depth in the USD market has improved on international exchanges in the past month while U.S. exchanges have become less liquid.

Binance's market share, having recently peaked at 88%, has fallen to 80% as the regulatory crackdown continues

Miners are putting pressure on Bitcoin

"If miner pressure continues to increase in addition to other factors, Bitcoin could fall to either $19,500 or $16,600."

ANALYSIS: DeFiLlama reveals that if USDC drops to $0.872, approximately $45.3 million in USDC collateral will be liquidated, with Aave v2 and Compound holding the majority of the position. Currently, USDC is trading below $0.9.

Euro share of BTC volumes has spiked in the last few days vs. USD. Up 3x since November as regulatory ambiguity continues to hurt the US.

USDC and DAI regaining some ground after falling below $0.90

🚨 CAUTION: Keep an eye on these regional banks.

Last week, a total of 52 U.S. regional banks experienced a stock drop of over 10%. As of Friday, their combined market capitalization was $369 billion.

Bitcoin price makes comeback above $20,000 after $422 million in BTC options were liquidated

With the collapse of many major banks it will not be inevitable that Bitcoin will step on the support of the monthly indicator of EMA100 near $16644.31. #bitcoin #crypto $bitcoin #silvervalleybank

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Binance to convert the remaining of the 1 billion industry recovery funds from BUSD to Bitcoin, Ether and BNB — link 💣

ANALYSIS: EUROC volumes suggest that US dollar traders are seeking to invest in the European stablecoin since Coinbase's listing at the end of February.

STUDY: 🇺🇸 US ranks first in global Bitcoin interest, followed by 🇸🇻 El Salvador where it's a legal tender, and 🇻🇳 Vietnam ranks third with the highest Bitcoin interest in Asia - per cryptobettingOrg.

Gas Usage on Ethereum for NFTs and Defi head to 2-year lows — link

ANALYSIS: The Ethereum network is experiencing an increase in deflation, as evidenced by the record high value observed within six months of The Merge. The supply of ETH has decreased by approximately 63,000 ETH.

ANALYSIS: Bitcoin options trading on Deribit surged following US bank failures, with a $2.4 billion trading volume in the past 24 hours - the highest since May 17, 2021, as per the data monitored by Amberdata.

💧 Current state of the market in our weekly overview.

Bitcoin rises amid bankruptcy of U.S. Banks 🔥

"The price of Bitcoin has risen more than 20% amid the crisis in the US banking system, where 3 banks have been closed by the US government and declared bankruptcy."

The number of transactions in the Bitcoin mempool has surpassed three-year highs — link