Token Daily

Long-term holders at current levels are intensively fixing profits on bitcoin. Accordingly, a local pullback is quite possible. Technically, the VTS chart also looks weak: the bearish wedge has already been broken down on the 4-hour timeframe.
(Glassnode)

One of the most reliable metrics on bitcoin, NUPL, which predicts extremes, signals the VTC to move out of the "oversold" zone. Historically, it has always reliably predicted the bull run.

Strong inflows of VTCs to exchanges continue. In the last two days, bitcoins were added to exchanges for more than a billion dollars (Glassnode).

All of this poses the threat of massive fixes, especially in the event of a price drop.

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BTC miners are using the Bitcoin cycle comparison chart, and now is the hottest time for growth. The price spike we saw in the previous few days was the beginning of the bull run in previous times.

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Circle said that the situation is "inflated" - the main collateral issuer USDC are stored in BlackRock and BNY Mellon, and even if you can not get back that $3.3 billion from Silicon Valley, the shortfall will be overlaid from corporate reserves.

They promise to restore full USDC-dollar parity by the beginning of the new week.

JPMorgan is still in a bearish mood. For market recovery, it is waiting for the resumption of capitalization growth of steibles and the resumption of growth of venture capital investments in crypto. Right now, both are falling.

And the recent collapse of Silvergate crypto-bank and tighter regulation of crypto in general will have a negative impact on financial flows in the near future.

Funding rates are signaling that short positions are actively accumulating on bitcoin (CryptoQuant).
Historically, this has been a good bullish sign.

We can already state the fact that in the market there was a distribution of VTC from weak to strong hands. Now a significant portion of bitcoin supply is again controlled by long-term holders.

In the past this always preceded bullruns. The graph looks very optimistic (CryptoQuant)