Of Omkar Godbole (all times one unless otherwise stated)

Bitcoin and Ether, the two largest digital assets by market value, remain largely within their recent trading areas two days after $ 1.5 billion hacked bybit, one of the best cryptocurrency exchanges.

Eterual financing rates for both are positive, indicating a bias for long positions that benefit from price increases. Bitcoin options traded on Deribit show a bullish bias for call options across all time frames, while tied to ether shows a downward bias in March. However, bias for ether puts has been present since well before hacked.

Meanwhile, Volmex Finance’s 30-day Bitcoin Implicated Volatility Index has dropped to an annual 48.45%, the lowest since July, according to Kortplatform TradingView. Ether’s implied volatility has turned the smaller weekend increase from 67% to 70%.

The tranquility is a sign of market maturity, according to QCP Capital. “Price acting emphasizes the growing maturity of the crypto -vocalist since the FTX interruption in 2022, especially in the crypto credit market,” the trading company said. “Any facet of crypto – from repository and security solutions to corporate management and transparency – is strengthened with every previous crisis.”

Overall, the crypto community is reassured by Bybit’s ability to control over $ 6 billion in withdrawal after hacked. Plus, the exchange has filled the gap in its ETH reserves.

According to Mena Theodorou, a co-founder of Crypto Exchange Coinstash, all eyes will be on Solana’s sun, as Franklin Templeton, one of the world’s largest asset management companies, has submitted a Spot Sol Etf proposal to SEC. In addition, 11.2 million solar (2.3% of the total supply) from the FTX property is scheduled to be unlocked on March 1, which can breed market volatility. It has already increased volume in the SOL PUT settings on leave.

President Donald Trump’s decision to revise gold reserves in Fort Knox in Kentucky has turned interest in the crypto community. “While routine gold revisions are rare, the timing is noteworth , “Theodorou said in an E email.

In traditional markets, the yen continues to win a place against the US dollar and growth -sensitive raw material currencies such as the Australian dollar and requires caution from the risk company. Stay aware

What to look at

• Crypto:
• Macro
  • February 24 at. 20.00: Bank of Korea’s (BOK) Monetary Policy Committee announces its interest decision.
    • Basic frequency est. 2.75% against prev. 3%
  • February 25, 10am: Conference Board (CB) Release February’s “Consumer Confident Index” report.
    • CB consumer confidence est. 102.1 vs. Prev. 104.1
  • 25 February at. 13:00: Richmond Fed -President Tom Barkin gives a talk entitled “Inflation back then and now.”
  • 25 February at. 7.30pm: The Australian Bureau of Statistics Release January’s “Monthly Consumer Price Index Indicator” report.
    • Monthly CPI indicator est. 2.5% vs. Prev. 2.5%
• Earnings
  • February 24: Riot Platforms (Riot), Post -Market, $ -0.18
  • February 25: Bitdeer Technologies Group (BTDR), Pre -Market, $ -0.17
  • 25th February: Cipher Mining (digifr), pre -market, $ -0.09
  • February 26: Mara Holdings (Mara), Post -Market, $ -0.13
  • February 26: NVIDIA (NVDA), Post-Market

Token -events

• Government votes and calls
  • Sky DAO votes on key changes to the protocol, including reducing Smart Burn Motor’s protocol -owned liquidity to $ 15 million and adjusting some parameters to enable immediate repurchase and direct all surpluses for incineration.
  • Ampleforth Dao votes to reduce the flash coin fee to 0.5% and flash redeem the fee to 5% to increase the system’s adaptability.
  • Dydx DAO is discussing the creation of a DydX re -buying program. Its preliminary steps would set aside 25% of Dydx’s protocol -neto turnover to buy the token back.
• Unlock
  • February 28: Optimism (OP) to lock 2.32% of circulating supply worth $ 35.43 million.
  • Mar 1: Dydx to unlocked 1.14% of circulating supply worth $ 6.24 million.
  • Mar 1: Zetachain (Zeta) to lock 6.48% of circulating supply worth $ 13.7 million.
  • Mar 1: SUI (SUI) to lock 0.74% of circulating supply worth $ 81.07 million.
  • Mar 7: Kaspa (KAS) to lock 0.63% of circulating supply worth $ 15.55 million.
  • Mar 12: APTOS (APT) to lock 1.93% of circulating supply worth $ 69.89 million.
• Token lists
  • February 25: Zoo (Zoo) to be performed on Kucoin.
  • February 26: Moonwell (good) to be erected on the crack.
  • February 27: Venice (VVV) to be erected on Kraken.
  • February 28: Worldcoin (WLD) to be erected on Kraken.

Conferences:

• Coindesk’s consensus about taking place in Toronto on 14 to 16 May. Use the code’s diary and save 15% on passports.

Token Talk

By Francisco Rodrigues

• The deeds of the nearly 1.5 billion dollars hack of larger crypto exchange Bybit have apparently turned to popular Solana-based Token-Launchpad pump.Fun to try to launder the stolen funds.
• Pump.Fun attached a token called “Qinshinhuang (500000)” to the hacker (s) after a 60 sun transfer and removed the token from its front end to prevent this type of activity.
• Pump.Fun, meanwhile, could soon launch its own automated market manufacturer (AMM) in a blow to popular Solana-based decentralized raydium, which benefits from being the platform Graduating Pump.Fun-Tokens, which is traded with.

Derivatives Location

• SOL PUT OPTIONS that expires this Friday on abandoned trade in a prize of 7 vol -points for calls, reflecting strong downward fears.
• Ether settings continue to show concern about downward risk until the end of March, with subsequent expiry reflecting a bullish positioning. BTC settings are partial bullish across time frames.
• BTC block currents on deribit contained calendar spreads and a bull call spread. ETH streams included long positions in calls to strikes of $ 2,850 and $ 2,900 and a short choking in the April outlet.
• Financing rates in eternal futures attached to whether the tokenet remains negative, a sign that dealers are taking protective bearish efforts as the spot price continues to hit record heights.

Market Movement:

• BTC has risen 0.7% from 1 p.m. 16 A Friday of $ 95,581.78 (24 Hours: -0.6%)
• ETH has risen 1.91% of $ 2,679.37 (24 hours: -4.25%)
• Coindesk 20 has risen 1.18% at 3,089.09 (24 hours: -3.52%)
• Ether Cesr Composite Staking Rate is unchanged at 2.99%
• BTC financing rate is at 0.0069% (7.51% annual) on Binance
• DXY is unchanged at 106.6
• Gold is unchanged for $ 2,936.29/OZ
• Silver is unchanged for $ 32.47/oz
• Nikkei 225 closed Friday+0.26% at 38,776.94
• Hang bed closed Monday -0.58% at 23,341.61
• FTSE has increased by 0.1% at 8,668.07
• Euro Stoxx 50 is unchanged at 5,477.70
• Djia closed Friday -1.69% at 43,428.02
• S&P 500 CLOSED —1.71% at 6.013.13
• Nasdaq closed -2.2% at 19,524.01
• S&P/TSX Composite Index Closed -1.44% at 25,147.03
• S&P 40 Latin America closed -2.89% at 2,408.55
• US 10-year-old Treasury has risen 1 BP of 4.44%
• E-MINI S&P 500 FUTURES have increased 0.5% at 6,059.25
• E-MINI NASDAQ-100 FUTURES rose 0.38% at 21,761.75
• E-mini dow jones industrial average index futures has increased 0.71% at 43,796.00

Bitcoin -Statistics:

• BTC Dominance: 61.65% (24 hours: 1.3%)
• Ethereum to Bitcoin ratio: 0.02801 (-4.4%)
• Hashrate (Seven-Day Sliding Average): 789 EH/S
• Hashprice (Spot): $ 56.53
• Total fees: 5.65 BTC / $ 540,507
• CME FUTURES OPEN INTEREST: 169.620 BTC
• BTC priced in gold: 32.3 oz
• BTC VS GOLD MARKET CAP: 9.17%

Technical analysis

• Sun’s daily diagram shows that cryptocurrency has fallen under its critical 200-day simple sliding average.
• Plus, it has confirmed a double top collapse with a feature under the horizontal (yellow) support line.
• The Bearish technical setup suggests the possibility of continued losses against $ 120, which served as a floor last year.
• A step above the lower height of $ 209 printed early this month would invalid the bearish technical prospects.

Crypto shares

• Microstratey (Mstr): Closed on Friday of $ 299.69 (-7.48%), an increase of 1.21% to $ 303.31 on market
• COINBASE GLOBAL (COIN): CLOSED TO $ 235.38 (-8.27%), an increase of 2.02% to $ 240.20
• Galaxy Digital Holdings (GLXY): Closed to C $ 22.76 (-11.27%)
• Mara Holdings (Mara): Closed to $ 14.66 (-8.09%), an increase of 0.41% to $ 14.72
• Riot Platforms (Riot): Closed to $ 10.46 (-9.83%), an increase of 2.77% to $ 10.75
• Core Scientific (Corz): Closed to $ 10.80 (-8.78%), unchanged in market
• CLEANSPARK (CLSK): CLOSED TO $ 9.24 (-8.15%), an increase of 0.97% to $ 9.34
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 20.52 (-8.76%)
• Semler Scientific (SMLR): Closed to $ 47.74 (-8.61%), an increase of 0.65% to $ 48.05
• Exodus Movement (Exod): Closed to $ 47.81 (+0.02%)

Etf is flowing

SPOT BTC ETFS:

• Daily Net Tream: -$ 69.2 million
• Cumulative net streams: $ 39.57 billion
• Collected BTC holdings ~ 1,167 million.

SPOT ETH ETFS

• Daily Net Tream: -$ 8.9 million
• Cumulative net streams: 3.15 billion dollars
• They collected ETH holdings ~ 3,808 million.

Source: Father’s page -Investors

Flows overnight

Today’s chart

• Daily transactions and cumulative trading of Solana’s decentralized exchange has dropped significantly since the debut of Trump Memecoin a month ago.

While you were asleep

• BYBIT closes ‘Eth Gap’ as Exchange replaces $ 1.4B hole after Hack (Coindesk): On-Chain Tracking Service Lookonchain Bybit received about 446,870 ETH via loans, large deposits and ether purchases over the past two days.
• Solana whales increase the commitment to Bearish settings plays on abolition in the middle of the option of dismissed.
• The ECB may need to lower the key percentage to the level stimulating the economy, says Wunsch (Financial Times): The National Bank of Belgium Governor Pierre Wunsch said that if the eurozone inflation is cooled and demand remains weak, ECB’s key percentage may fall to 2% in Mid- 2025.
• Choosing option dealers set up hedges before pivotal nvidia earnings (Bloomberg): Despite the S&P 500 -Rally, dealers are retired for volatility, with the rising VIX call activity suggesting caution.
• Trump hands the Russian economy a lifeline after three years of war (Reuters): Russia’s sustained inflation and 21% interest rate driven by its war in Ukraine, partly remedied by Trump’s push for a peace agreement that has increased the ruble to six months altitude against the dollar.
• Singapore inflation climbs in the slowest rate since February 2021 (CNBC): In January, Singapore’s heading inflation rose 1.2% year to year, below the 2.15% increase expected by economists held by Reuters. Core inflation dropped to 0.8%.

In ether