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.

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

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%

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

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.

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

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.

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

Join on this conversation https://news.1rj.ru/str/+a5yBK0DyRY1mMzNk 🌟

#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

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.

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

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

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

A small number of bears may be a harbinger of short-term downside risks

"When the number of bears (supply in a loss) decreases about bulls (supply in a profit) in the local trading cycle, this can create ground for downside risks."
― Link

A correction on $BTC is likely

Massive bearish divergence on the indicator.

Like in February, I think we can dip into the green cloud.

Through to March 26, a downtrend followed. But as we entered this week, futures traders began piling in to lift XRP PFOI much higher – peaking at $610 million on Wednesday.

Over 1.1M $ ETH has been earned by Ethereum 2.0 validators — link

ANALYSIS: On-chain analyst Charles Edwards believes that the Bitcoin indicator "Bitcoin yardstick" is showing a familiar pattern to 2019 lows, indicating that Bitcoin is undervalued.

March’s total #Bitcoin mining revenue of $734 million also outpaced February’s $627 million, January’s $601 million, and December’s $477 million. Out of the 4,498 blocks, the largest mining pool by network hashrate, Foundry USA, discovered 1,468 blocks or 9,175 new bitcoins.

Foundry’s percentage of the hashrate in March was around 32.64%, and at press time, the pool has 105 EH/s of hashpower. Antpool found 910 blocks in March, which produced 5,687.50 BTC. - link

#Binance trading volume is disproportionately skewed towards U.S. trading hours (orange) and is in fact quite similar to Coinbase, a U.S.-based exchange. #BNB $bnb #bnbusd #bnbusdt - link