🎯BTC is in a short-term uptrend, making higher lows and higher highs on a seven-day time frame. If Bitcoin manages to settle above $65,100, it will break the long-term downtrend structure with a top on March 13, 2024.

📈STH MVRV is at the same point as in November 2023, just before the rise to $73k. In both cases, the MVRV has exceeded the 155-day average.

🦾 Spot Bitcoin ETF demand has recovered, and the 30-day net change in total assets is positive again.

💰Ethena Labs teams up with BlackRock to introduce a brand-new stablecoin, UStb (USTB). This project will use BlackRock's tokenized USD Institutional Digital Liquidity Fund (BUIDL), which maintains a stable value of $1 per token. In essence, it will be an institutional stablecoin.