Crypto Investors on Edge: Unveiling the Top Fears

👇 1) Bitcoin price is 25,919 below the 50d MA 27,450 -> this is bearish, price WoW increased by 1.1%; Ethereum price is 1,743 below the 50d MA 1,848 -> this is bearish, price WoW decreased by -3.3%; overall the trend is down -> bearish.

👇 2) Ethereum currently underperforms Bitcoin as the trend (20d) MA shows ETH / BTC ratio is going down, beta factors drive crypto, this is negative, stay cautious.

👇 3) The Global Crypto market cap decreased by -6.7% WoW to $1.1trn, below the 50d MA ($1.2trn), which is bearish, Bitcoin dominance at 45.2% for the week (above the 50d MA 44.9% -> as altcoins underperforming), this is bearish.

👇 4) Global Crypto trading volume decreased by -10.7% WoW to $44.8bn, below the 50d MA ($50.1bn), which is neutral, weekly Bitcoin volume was -33% lower than avg. at the same time, Ethereum volume was 7% higher than average. Global volume trades now often sub $30bn, weekly # skewed by $94bn on Saturday when altcoins dropped -30%.

👇 5) Top 3 stablecoin mkt cap ($117.4bn) is in the 0%ile range, volume ($23.9bn) is in the 9%ile range (last 3m), Mkt cap WoW -1.3% or $-1.5bn, liquidity is leaving the eco-system, which is bearish. Circle's USDC and Paxos Binance's BUSD continue to see each $1bn outflows WoW. Volume in BUSD has dropped to $100-500m per day only, this threatens the demise of BUSD.

👇 6) TVL is below the 2m MA, which is negative, TVL (Total Value Locked) decreased by -4.5% (or by $-2.6bn) WoW, & now stands at $65.5bn, notably MakerDAO TVL decreased by -7.2% to $5.8bn, TVL outflows driven by Yield sector with $-0.46bn outflows to $5.21bn, Convex Finance dominance 62.8%.

👇 7) The number of active Bitcoin addresses has decreased by -7.6% over the last 1 week, to 794k, this is bearish, number of active Ethereum addresses has increased by 0.5% over the last 1 week, to 689k, this is bullish.

👇 8) The futures funding rate trades positive for Bitcoin (9.6%), this is bullish and the funding rate is positive for Ethereum (10.4%), this is bullish, BTC futures open interest ($18.2bn) is in 71%ile range, this is neutral - ETH futures open interest ($12.1bn) is in 69%ile range, this is neutral. Altcoin open interest has declined by 30-40% WoW, this is bearish.

👇 9) Bitcoin futures saw avg. daily liquidations of $26m, historically, liquidations print $50m, this is seen as neutral, Ethereum saw avg. daily liquidations of $18m, historically, liquidations print $44m, this is seen as neutral. There is very little leverage in the crypto universe right now.

👇 10) Our Greed & Fear Index prints 29%, while the Ethereum Greed & Fear Index prints 13%. The RSI for Bitcoin is 41% while the Ethereum RSI is at 37%. G&F tactical sell signal triggered around 30k, still no buy signal...at 29% is not sub 10%.

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