Crypto market update:
Inflation data came in as expected, boosting trader sentiment, with BTC breaking its all-time high again, surpassing $93k.
Key Metrics:
Fear and Greed Index: 88 (Extreme Greed)
Altseason Index: 33
Long/Short Ratio: 49% Long, 51% Short
Market Cap: $2.95 trillion
Bitcoin Dominance: 60.67%
Recent Activity:
BTC-ETFs saw a net inflow of $510.11 million, while ETH-ETFs attracted $146.89 million. The BlackRock BTC-ETF traded $5 billion yesterday for the first time.
Miners transferred 25,000 BTC from their wallets to exchanges—marking the highest outflow in over a year.
Coinbase hit #1 in Finance and #13 in the overall App Store rankings, possibly signalling a sell-off.
Coinbase is adding PEPE and WIF meme coins.
Robinhood is considering adding Solana, XRP, Cardano, and PEPE for US traders.
Tether printed another $2 billion USDT, bringing the 5-day total to $7 billion.
Trump is selling D.O.G.E Ministry-themed T-shirts, referencing Elon Musk.
Market Sentiment:
BTC is steadily climbing, but there is some uncertainty. A bearish divergence is appearing as price rises while the RSI falls, with both long and short positions being liquidated. This could signal some volatility ahead.
