Crypto enters CPI day at significant price zones for BTC and ETH, with ETH’s breakout above $4K fueling a broad risk-on tone.
Institutional positioning remains net long, although ETF MVRV’s rise to 2.43 points to elevated unrealized profits and potential profit-taking risk. ETF flow resilience and on-chain accumulation signal structural demand remains intact, even if short-term volatility spikes post-data.
On-chain and derivatives data confirm seller exhaustion and measured re-leveraging, but CPI is now the critical short-term trigger.
Five years in, Bitcoin remittances in El Salvador are growing, but still account for just 0.7% of flows, exposing a gap between bold policy ambitions and on-the-ground behaviour.
The seed round, led by Castle Island Ventures, bets on execution quality becoming the next competitive frontier as high-performance blockchains shift to multi-proposer designs.
