By Francisco Rodrigues (at any time and unless otherwise indicated)
While Bitcoin (BTC) is little changed in the last 24 hours, down only 0.7%, the wider market is in a downward mood following the Balance token debacle, which led to accusations fraud and calls for the indictment of Argentinian President Javier Milei.
The Coindesk 20 index is down approximately 2.3% in the last day, and the near-term market movement probably depends on how American-Russia negotiations in Riyad Go. The talks are concentrated Not only on the end of the conflict in Ukraine, but also on the “normalization” of the links between countries.
An additional layer of uncertainty comes from the digital markets of the FTX, the subsidiary based at the Bahamas de FTX, which is starting to reimburse the creditors today. In total, the FTX reimbursement program will be around $ 16 billion.
Liquidity injection will be in the form of stabbed. Creditors with complaints below $ 50,000, who will receive around 119% of their claim value tried, with 9% annual interest accumulated since November 2022.
The effect that reimbursements will have is not clear. While some analysts say that the amount reimbursed is now “too small to move the needle”, others suggest that the historic interest of the FTX for the Solana ecosystem means that some of these funds go to it.
Investors recently turned their attention to Ether. The FNB spots classified in the United States offer an exhibition to the second largest cryptocurrency by market capitalization see a net cumulative influx of $ 393 million this month. This is compared to a net output of $ 376 million for Bitcoin Spot ETF.
These entries become before the Ethereum pectra upgrade entering its test phase on the Holesky Testnet. Pectra should make a certain number of improvements to scalability and safety and will allow users to pay gas costs with tokens other than ether.
Elsewhere, individual investors are lowering in the midst of trade threats, a reduction in expectations to reduce interest rates and coherent inflationary surprises. An investigation by the American Association of Individual Investors revealed that the lowering among investors has a two -year summit, reports the Wall Street Journal.
This pessimism, however, is often a contrary indicator. Appétit in the risks of institutional investors has also dropped this month on the potential effects of a potential trade war in the chances of falling a drop in Fed rates. Stay vigilant!
What to look at
- Crypto:
- Macro
- February 18, 10:20 am: The president and chief executive officer of San Francisco Fed, Mary C. Daly, gives a speech to Phoenix. Livestream link.
- February 18, 1:00 pm: The Michael S. Barr of the Fed took, vice-president of supervision, gives a speech entitled “Artificial intelligence in the economy and financial stability” in New York. Livestream link.
- February 19, 2:00 p.m.: The Fed publishes the minutes of the January 28 meeting of the FOMC.
- Gains
- February 18: Coinshares International (CS), pre-market
- February 18: Semler Scientific (SMLR), post-marketing
- February 20: Block (xyz), post-market, $ 0.88
- February 24: Riot platforms (Riot), post-marketing, -0.18 $
- February 25: Bitdeer Technologies Group (BTDR), pre -commercialization, -0.53 $
- February 25: Cipher Mining (CIFF), pre -market, -0.09 $
- February 26: Mara Holdings (Mara), post -marchand, -0.13 $
Token events
- Governance
- Unlocking
- February 21: Fast Token (FTN) to unlock 4.66% of the supply in circulation worth $ 78.6 million.
- February 28: Optimism (OP) to unlock 1.92% of the supply in circulation worth $ 34.23 million.
- Token launches
- February 18: Ethena (ENA) will be listed on Arkham.
- February 18: Ronin (Ron) will be listed on Kucoin
Conferences:
Coindesk consensus to take place in Hong Kong on February 18 to 20 and in Toronto from May 14 to 16. Use the code’s day book and save 15% on passes.
Talk about tokens
By Francisco Rodrigues
- Donald Trump supporters are expected to receive around $ 50 from the official TRUMP tokens if they bought goods from websites associated with the American president.
- The token was unveiled only a few days before Trump took up his duties and has lost more than 70% of its value since then.
- Decentralized Exchange, based in Solana, Jupiter began to accumulate the USDC using 50% of the protocol costs collected to buy JUP tokens. The buyouts have not yet started.
- The price of JUP is down more than 12% in the last 24 hours compared to the protocols apparent involvement In the debacle of the cryptocurrency balances.
Positioning of derivatives
- The soil price can continue to decrease, seeing that perpetual open -end interest has increased by 5% in the last 24 hours, accompanied by a negative Delta cumulative volume (CVD). This combination indicates net sales pressure on the market.
- The MCV for most major tokens is negative, indicating a lower feeling.
- BTC and Eth Front-Dated or in the short term the puts continue to be more expensive than the calls on drunken. The feeling is optimistic after the expiration of February.
- Block flows has presented Bitcoin Bull propagation, involving strikes of $ 85,000 and $ 100,000 and long dishes at $ 94,000 and $ 90,000 strikes. Bull Ether’s call spreats also crossed the band.
Market movements:
- BTC is down 0.69% compared to 4 p.m. HE Monday at $ 95,802.76 (24 hours: -0.57%)
- ETH is down 2.88% to $ 2,698.31 (24 hours: -1.89%)
- Coindesk 20 is down 2.23% to 3,161.95 (24 hours: -3.03%)
- The CESR ether composite pace is up 27 bps to 3.18%
- The BTC financing rate is 0.0078% (8.5541% annualized) on Binance
- Dxy is up 0.36% to 106.94
- Gold is up 0.97% to $ 2,922.9 / Oz
- Money increased by 0.70% to $ 32.99 / Oz
- Nikkei 225 closed 0.25% to 39,270.4
- Hang Seng closed + 1.59% to 22,976.81
- FTSE increased by 0.18% to 8,783.43
- Euro Stoxx 50 is unchanged at 5,520.7
- Djia closed Friday -0.37% to 44,546.08
- S&P 500 closed unchanged at 6,114.63
- Nasdaq closed + 0.41% to 20,026.77
- The S & P / TSX composite index closed from -0.84% to 25,483.2
- S&P 40 Latin America closed + 2.12% to 2,490.30
- The 5 -year American treasure rate increased by 3 BPS to 4.51%
- The term contracts on E-Mini S&P 500 increased by 0.1% to 6,151.5
- The term contracts on the NASDAQ-100 E-Mini increased by 0.21% to 22,282
- E-Mini Dow Jones Index Index Futures is down 0.15% to 44,676
Bitcoin statistics:
- BTC dominance: 61.17 (0.85%)
- Ethereum / Bitcoin ratio: 0.02813 (-1.71%)
- Hashrate (Mobile average at seven days): 790 EH / S
- Hashprice (spot): $ 53.47
- Total costs: 6.93 BTC / 663 706 $
- CME Futures open interest: 174 200 BTC
- BTC at the price of gold: 32.8 oz
- BTC vs Gold Bourse Capt: 9.31%
Technical analysis
- The graph shows the domination of the USDT market in Tether, the largest stablecoin in Pius.
- Its dominance rate seems to have rebounded on the bottom of March 2024, teasing a double bullish background.
- In other words, the USDT could become more dominant, which is generally occurring during market -scale price corrections.
Cryptographic actions
- Microstrategy (MSTR): closed on Friday at $ 337.73 (+ 3.94%), down 0.6% to $ 335.76 in pre-commercialization.
- Coinbase Global (corner): closed at $ 274.31 (-7.98%)
- Galaxy Digital Holdings (GLXY): closed at $ 27.65 CA (-2.54%)
- Mara Holdings (Mara): closed at $ 16.90 (-0.06%)
- Riot platforms (Riot): closed at $ 12.27 (+ 0.33%)
- Core Scientific (CORZ): closed at $ 12.51 (-0.24%)
- Cleanspark (CLSK): closed at $ 10.50 (-1.59%)
- Coinshares Valkyrie Bitcoin Miners Etf (WGMI): closed at $ 23.40 (+ 0.52%)
- Semler Scientific (SMLR): closed at $ 49.67 (+ 0.44%)
- Exodus movement (Exodus): closed at $ 50.00 (unchanged)
ETF Flows
The data below can be found on February 14. The American markets were closed on February 17.
BTC ETFS spot:
- Daily net flow: $ 70.6 million
- Cumulative net flows: $ 40.12 billion
- Total BTC Holdings ~ 1.180 million.
ETH ETFF SPOT
- Daily net flow: $ 11.7 million
- Cumulative net flows: $ 3.15 billion
- Total of Holdings ~ 3.791 million.
Source: Wacky investors
Nightflow
Graphic of the day
- While Bitcoin remains apathetic below $ 100,000, the Nasdaq 100 of Wall Street jumped near the records.
- If the Historical BTC positive correlation with the technology stock is any guide, BTC may soon take a solid offer.
