1. Significance of $45k:The $45k mark is pivotal for Bitcoin, representing the cost basis for investors who acquired Bitcoin 2 to 3 years ago.2. Investor Cohort Impact:This cohort, holding 16% of the #BTC Bitcoin supply, plays a significant role in the market dynamics.3. Realized Cap Impact:Investors at the $45k threshold represent 33% of the Realized Cap, underscoring their influence on the market.$BTC This convergence at $45k marks a crucial juncture for medium-term Bitcoin holders, shaping the narrative and potential future market trends.

$ETH Staked Realized Price Breakout: The surge in Ethereum's value is attributed to a breakout in the realized price of staked ETH.2. Deflationary Phenomenon Intensifies: Etherem is experiencing an intensification of deflationary factors, contributing to its upward trajectory.3. Grayscale Ethereum Trust Premium Gap Narrowing: The narrowing gap in the premium of Grayscale Ethereum Trust adds to the overall positive sentiment, influencing the rise of $ETH .