Why this report matters
Bitcoin sits at a critical juncture, with key supports being tested and trend signals flashing caution. Ethereum, once the engine of the latest altcoin rally, is showing cracks that could reshape positioning across the market. At the same time, shifting Fed expectations and fading catalysts raise questions about what might drive the next leg higher. On-chain data reveals telling moves by whales and smart money, hinting at where conviction is building—and where it’s disappearing. Some altcoins may be setting up for sharp reversals, while others quietly prepare for opportunity. The full report breaks down the signals that matter most right now, and why the weeks ahead could prove decisive.
Spread (RHS) between ETH Staking Yield - Borrow rate (LHS)