quick recap from the week, ngl things got a bit spicy.
$BTC took a bit of a hit, dipping under 78.3k after that 3.8% inflation print dropped. saw a solid 1.25b in open interest get wiped across the big exchanges, guess folks were playing it safe with that macro news.
but on-chain, cryptoquant's bull-bear cycle just flashed an early bull signal, which is kinda notable since we haven't seen that since march 2023. also, asopr's still above 1, looks like some healthy profit-taking going on, not just panic selling. constructive vibes there.
and speaking of health, over 70% of all
$ETH , roughly 85 million tokens, is now staked. that's an all-time high, ser. meanwhile, the big boys are apparently busy scooping up
$XRP , seeing some aggressive accumulation there. wagmi.
#crypto #marketupdate #altcoins #onchain