Crypto DayBook Americas:

By James Van Straten (all times one unless otherwise stated)

Macroeconomic factors continue to drive Bitcoin’s (BTC) short -term award volatility as it holds steadily over $ 80,000, with a wave of significant news that arises over the last day.

There is still a risk-off feeling in the air as the deviation between Bitcoin and the wider crypto market is growing. Bitcoin dominance has risen to 62%and approached one year to date high, while relations with ether-to-bitcoin (ETH-BTC) have done negatively on a four-year composite annual basis, which means ETH is underpurable.

Meanwhile, Trump’s trade war persists as another concern that reinstates optimism in the market. It is not only with Canada, but also in the form of metal rigs, which results in retaliation measures from the European Union.

One of the most exciting developments comes from Canada, where the newly appointed Prime Minister Mark Carney has filed to sell US dollar bonds. While the size of the sale does not remain revealed, it is worth noting that the country is the sixth largest proprietor of US Treasurer, which holds $ 379 billion from the end of 2024. If sales continue, it can put upward pressure on the yield, which is the opposite of what Trump wants.

Treasury yield’s narrative is most important because the US debt of approx. 9 trillion dollars are set to mature or demand refinancing this year alone. This is one of the main reasons why the US administration is eager to reduce the treasury.

More instantly, the market’s attention is turned into today’s CPI report on Consumer Price Index (CPI) with risk-active bulls hoping for a softer inflation sprint. The S&P 500 hovers around the correction area, down almost 10%. If inflation comes in warmer than expected, risk assets may have further downward. Stay aware!

What to look at

• Crypto:
• Macro
  • March 12, 8:00: The Brazilian Institute of Geography and Statistics (IBGE) releases February Consumer Price Inflation Data.
    • Inflation rate mother est. 1.3% vs. Prev. 0.16%
    • Inflation rate yoy est. 5% against prev. 4.56%
  • March 12, 8:30: The US Bureau of Labor Statistics (BLS) releases February -consumer price inflation data.
    • Core Inflation Mother Est. 0.3% vs. Prev. 0.4%
    • Core inflation speed yoy est. 3.2% vs. Prev. 3.3%
    • Inflation rate mother est. 0.3% vs. Prev. 0.5%
    • Inflation rate yoy est. 2.9% against prev. 3%
  • March 12, 9:45am: Bank of Canada announces his interest decision followed by a press conference (livestream link) 45 minutes later.
    • Rate of Police Est. 2.75% against prev. 3%
  • March 12, 12:00: Russia’s federal state statistics Service releases February Consumer Price Inflation Data.
    • Inflation rate mother est. 0.8% against prev. 1.2%
    • Inflation rate yoy est. 10.1% against prev. 9.9%
  • March 13, 8:30: The US Bureau of Labor Statistics (BLS) releases February producer price inflation data.
    • Core PPI Mom est. 0.3% vs. Prev. 0.3%
    • Core ppi yoy est. 3.6% vs. Prev. 3.6%
    • PPI MOM est. 0.3% vs. Prev. 0.4%
    • PPI yoy est. 3.3% vs. Prev. 3.5%
• Earnings (Estimates based on Factset -Data)
  • 12 March (TBC): Terawulf (Wulf), $ -0.03
  • March 14: Bit Digital (BTBT), Pre -Market, $ -0.05
  • March 24 (TBC): Galaxy Digital Holdings (TSE: GLXY), C $ 0.38

Token -events

• Management votes and calls
• Unlock
  • March 12: APTOS (APT) to lock 1.93% of circulating supply worth $ 58.26 million.
  • March 14: Starknet (Strk) to lock 2.33% of its circulating supply worth $ 10.67 million.
  • March 15: SEI (SEI) to lock 1.19% of its circulating supply worth $ 10.35 million.
  • March 16: Arbitum (Arb) to lock 2.1% of its circulating supply worth $ 31.53 million.
  • March 18: Fixed token (FTN) to lock 4.66% of its circulating supply worth $ 79.60 million.
  • March 21: Immutable (IMX) to lock 1.39% of circulating supply worth $ 12.70 million.
• Token lists
  • March 31: Binance to Devist Usdt, FDUSD, TUND, USDP, DAI, AEUR, UST, USTC and PAXG.

Conferences

Token Talk

By Shaurya Malwa

• The freshly issued BMT-tokens of Bubblemaps, a crypto transparency and on-chain analysis tools, have been more than 50% down since they went live on Tuesday.
• Bubblemaps use clusters for group wallet addresses in bubbles, reveal whale concentrations, insider control or suspicious patterns (eg an implementation of 76% of the supply), which helps investors assess risks through visual ownership cards.
• BMT can be used to access an “Intel Desk” for community-driven scam surveys and Premium Analytics functions and participate in governance.
• People slam BMT for an almost 90% supply concentration in one wallet, a mint contract that risks inflation, an elitist air drop that excludes many, and unlocked liquidity that raises blankets-Pull-fear, which is rather ironic for a transparent-focused project.

Derivatives Location

• Cumulative Open interest in ETH Standard and eternal futures has risen to 9.75 million ETH, the highest since February 3rd. The count has risen from 8.4 million ETH four weeks ago, which shows that dealers have sold in the falling market.
• Open interest in BTC Perp and Standard Futures remains easy, with financing speeds marginally positive. Sun, ADA, TRX and link still see negative eternal financing rates.
• Deribit-notified BTC and ETH settings continue to exhibit a bias for puts out to May Expiry, with meaningful constructive views of calls coming from the third quarter.
• Block streams overnight contained selling higher strike BTC and ETH calls and purchases of card-tenor sets.

Market Movement:

• BTC is down to 0.55% from 1 p.m. 16 A Tuesday to $ 82,577.14 (24 hours: +0.87%)
• ETH has dropped 2.6% to $ 1,892.41 (24 hours: -1.58%)
• Coindesk 20 has dropped 1% at 2,556.70 (24 hours: +0.52%)
• Ether Cesr Composite Staking Rate has risen 32 bps by 3.43%
• BTC financing rate is at 0.007% (2.54% annual) on Binance

• DXY is down 0.31% at 103.52
• Gold is unchanged for $ 2,914.29/OZ
• Silver has increased 0.69% of $ 33.01/oz
• Nikkei 225 closed unchanged at 36,819.09
• Hang bed closed -0.76 at 23,600.31
• FTSE has increased 0.43% at 8,532.17
• Euro Stoxx 50 has risen 1.19% at 5.373.08
• Djia closed Tuesday -1.14% at 41,433.48
• S&P 500 closed -0.76% at 5,572.07
• Nasdaq closed -0.18% at 17,436.10
• S&P/TSX Composite Index closed -0.54% at 24,248.20
• S&P 40 Latin America closed +0.44% at 2,307.52
• US 10-year-old Treasury is unchanged at 4.28%
• E-MINI S&P 500 FUTURES have increased 0.54% at 5,607.25
• E-MINI NASDAQ-100 FUTURES have increased 0.67% at 19,529.25
• E-MINI DOW JONES INDUSTRIAL AVERAGE INDEX FUTures increased 0.37% at 41,627.00

Bitcoin -Statistics:

• BTC Dominance: 62.13 (-0.16%)
• Ethereum to Bitcoin ratio: 0.02290 (-0.06%)
• Hashrate (Seven-Day Sliding Average): 815 EH/S
• HashPrice (Spot): $ 46.1
• Total fees: 6.03 BTC / $ 490,764
• Cme futures open interest: 142,725 BTC
• BTC priced in gold: 28.3 oz
• BTC VS GOLD MARKET CAP: 8.04%

Technical analysis

• The dollar index, representing Greenback’s exchange rate against a basket with Fiat currency, has fallen below 61.8% Fibonacci Retracement support from the end of September to January -Rally.
• The division means that a potential soft American CPI release could easily send the index sliding to 102.31, 78.6% Retracement -Support.
• A deeper slide in the dollar could bode well for risk assets, including BTC.

Crypto shares

• Strategy (MSTR): Closed Tuesday of $ 260.59 (+8.91%), dropped 0.58% to $ 259.09 in the Pre-Market
• COINBASE GLOBAL (COIN): CLOSED TO $ 191.69 (+6.95%), unchanged in the market before market
• Galaxy Digital Holdings (GLXY): Closed to C $ 17.27 (-1.09%)
• Mara Holdings (Mara): Closed to $ 13.32 (-0.67%), dropped 0.68% to $ 13.23
• Riot Platforms (Riot): Closed to $ 7.72 (+2.12%), down 0.26% of $ 7.70
• Core Scientific (Corz): Closed to $ 8.63 (+7.74%), down 0.46% to $ 8.59
• Cleanspark (CLSK): Closed to $ 8.26 (+3.51%), dropped 0.73% to $ 8.20
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 15.08 (+4.14%)
• Semler Scientific (SMLR): Closed to $ 32.80 (+0.18%)
• Exodus Movement (2.

Etf is flowing

SPOT BTC ETFS:

• Daily Net Tream: -$ 371 million
• Cumulative net streams: $ 35.47 billion
• Collected BTC holdings ~ 1,121 million.

SPOT ETH ETFS

• Daily Net Tream: -$ 21.6 million
• Cumulative net streams: 2.66 billion dollars
• Collected ETH holdings ~ 3,571 million.

Source: Father’s page -Investors

Flows overnight

Today’s chart

• The diagram shows the daily trading volume of Hyperliquid, the leading eternal-focused decentralized exchange.
• Despite the SWOON market, quantities have kept remarkably stable and contrasts the sharp slowdown on other ways like Solana’s Raydium.

While you were asleep

In ether