📈 General Bitcoin Market News
Fear and Greed Index
- Current Value: 76
- Change Since Last Week: +10
Bitcoin Price Update
- Current Price: $71,313.08
- Weekly Percentage Change: +16.3%
Market Sentiment
- Strong start to the week with Bitcoin soaring towards the recent all time highs, but meeting resistance. Will it break out? We will see.
- US ETFs are netting an inflow of +$4.55B whilst HK are netting a modest outflow of -$32.94M bringing total net inflows across US and HK to around +$4.51B which seems to further indicate optimism: source
- With net inflows looking very positive, the price has reacted well and everyone seems to be more optimistic with a bit more greed coming into the fray.
- The federal funds rate (FFR) is steady at 5.25-5.5%.
BTC Liquidations
- Total Shorts Liquidated: $190.06M
- Total Longs Liquidated: $71.28M
🌐 Bitcoin Ecosystem Updates
- BOB | Build on Bitcoin
- NAV, a premier regulated crypto quant hedge fund, announces a collaboration with BOB which is set to play a significant role in NAV's Bitcoin L2 SIP.
- BOB will be integrated into Swing's cross-chain swaps and bridging.
- Comet announce integration with BOB. Comet is the first seamless interlink communication protocol between all Bitcoin and Ethereum ecosystems.
- Segment integrated DIA's oracles to power their markets on BOB.
- Velodrome is now live on BOB.
- BOB hits 100k daily transactions, 2 weeks in to mainnet launch.
We now have BOB data you can explore – Sign up
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- B2 Network:
- B2 will introduce Circle's bridged USDC standard.
- Launch joint airdrop with UX Link, Dego Finance, Second Live Real and Defusion AI. Learn more.
- B2 will utilize Ankr's RPC service, enabling B² users to enjoy easier access, secure data transfers, and a seamless developer experience.
- Merlin enters into strategic partnership with B2 Network. Learn more.
- uBTC, powered by UniRouter, is now live on Shoebill Finance.
We now have B2 Network data you can explore – Sign up
- Botanix Labs:
- Frax announce partnership with Botanix to bring Frax stablecoins and superprotocols to the network.
- Solv Protocol announce partnership with Botanix to bring SolvBTC to the network.
- Rover Staking emerge out of stealth to announce Bitcoin Liquid Staking on Botanix.
- Partnership with Kiln announced. This will bring enterprise-grade BTC staking to Botanix.
- Palladium Labs release private testnet on Botanix testnet. Explore Bitcoin-backed stablecoins, here.
- Botanix partner Bitzy announce a new Bitcoin primitive called Fees Remixing. Learn more.
- Vertex Protocol is partnering with Botanix to bring DEX to the network.
We now have Botanix Testnet data you can explore – Sign up
- Merlin Chain:
- bitSmiley announce alphanet launch on Merlin. An exclusive Liquidity Grant consisting of 1.5% BIT tokens is available for Merlin community members.
- Announce partnership with B2 Network.
- Nubit launch alpha devnet for their Bitcoin-native DA solution under the hood of Merlin.
- Umoja introduce smartcoins with a captivating video. Watch.
- BendDAO launches BTC lending on Merlin.
We now have Merlin data you can explore – Sign up
- Rootstock:
- Umbrella Networks price feeds go live on Rootstock Mainnet.
- Rootstock announce integration with OpenOcean, a leading cross chain aggregator.
- Tacen announce partnership with Rootstock to launch new trading pairs: rBTC/ETH + rUSDT/USDT
We now have Rootstock data you can explore – Sign up
- Stacks:
- Uphold integrate native STX transfers.
- Stacks Foundation announce the latest set of quaterly Critical Bounties. Learn more.
Here's how easy it is to create a dashboard with Stacks data on Ortege Studio:
- Check out our Stacks Nakamoto Dashboard
- Sign Up
Closing Thoughts
As Bitcoin flirts with new all-time highs and the market's sentiment tilts towards greed, the robust inflows into US ETFs contrast with modest outflows from Hong Kong, painting a picture of cautious optimism. The steadfast federal funds rate alongside significant liquidations points to a market at a crossroads. Whether Bitcoin will break through current resistance levels or take a breather remains to be seen. For enthusiasts and investors alike, staying informed through real-time data and insights is more crucial than ever. Leverage our exclusive dashboards at Ortege Studio to navigate these turbulent waters with confidence. Stay ahead in the fast-evolving world of Bitcoin by signing up today and exploring our extensive datasets.
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