#Cryptocurrency” market overview

✔️BTC continues to trade above $50,000 to the delight of altcoins. Small outflows from GBTC continue (-$174mn), while inflows across all ETFs for the day (+$340mn).

✔️The alts have excellent pumps, and in large-cap tokens, and I wouldn't say the euphoria is in full swing. It feels like few people are selling, and liquidity of big players and market makers is not enough for everything at once, that's why a couple of dozens of medium-sized coins are pamped during the day and the next day they move on to others.

✔️Today the pamp was held in Terra. LUNC, LUNA2, USTC all went up a lot.

✔️Longs with shoulders in BTC are prevalent, but less than one would expect from reaching such levels, as many are already laying down for $60-70k. There is a skew in open interest, but not so critical that it is necessary to punish longs now.

✔️Well, it will be $3000 on ETH, but it is hard to believe that it will not. It is very similar to November. With BTC already at year highs and ETH not yet. ETH restocking is already a bright bell, buying and restocking ETH is extremely popular now, many people are carrying assets into staking, the volume dynamics is similar to when PoS was launched.

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