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.
The headline GAAP loss is almost entirely non-cash. The more consequential development is SharpLink's shift from basic staking into institutional-grade DeFi yield strategies, formalised in a new fund with Galaxy Digital.
Bitcoin hovers above $80K with momentum building toward $83.4K, but traders brace for a CPI-driven move as overbought signals and geopolitical tension threaten a near-term pullback.
The MOU, signed in March and announced Thursday, pairs South Korea's second-largest exchange with SSI Digital as Vietnam prepares to license its first regulated trading platforms.
