Bitcoin (BTC) closed the week 3.32% up, while Ethereum (ETH) marginally outperformed, closing the week up 4.23% from the week prior. Total crypto market cap climbed 2.3% from $3.041T to end the week at $3.113T.
The week’s liquidation data continue to remain uneventful, with most days seeing total liquidations under $250M. Funding rates also highlight lowered risk appetites, with funding rates on most cryptocurrency majors falling into the low negative range, perhaps indicating a buildup of short positions on cryptocurrency majors.
📌 Strategy has acquired 15,355 BTC for a total of $1.42B at an average of $92,737 per Bitcoin.