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The cost basis ribbon for Short-Term Holders shows that investors holding $
BTC
for over 1 month have returned to profit. This shift eases sell pressure from older STHs and may signal early signs of positive market momentum if maintained.
#BTC
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MVRV Ratio compares #BTC's market price to the average investor cost basis - helping gauge when investors hold outsized unrealized profits. We're now trading between +0.5σ ($100.2K) and +1σ ($119.4K) bands, a zone that has often preceded local tops.
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Spot $BTC ETFs have seen >$300M/day in inflows past week and continue to drive sustained buy-side pressure this week. Yesterday, the 7-day SMA of ETF inflows clocked in at around 2.2K #BTC, worth nearly $250M: https://glassno.de/4kfrWg5
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This cycle, $BTC and $ETH no longer grow in tandem. We partnered with @CMEGroup to cover the distinctive trends shaping each market in our new institutional-grade overview of H1 2025. 🔸#Bitcoin H1 Report: https://glassno.de/43D6oTM 🔹#Ethereum H1 Report: https://glassno.de/43Dhng3
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$BTC options open interest recently hit an all-time high of $46.2B - up +$25.8B from the lows. This sharp growth outpaces futures and signals rising demand for more advanced hedging and strategy execution as market participants grow more sophisticated.
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Over the past 24h, $TON perpetual futures OI surged +33% from $143M to $190M - its highest level since Feb 18. Interestingly, OI stayed elevated even after the price pullback. Past spikes like this have often preceded corrections - worth watching closely: https://glassno.de/3Z8gHhf
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