Crypto Daybook Americas: Bitcoin Meltdown Worsens As Macro Jitters Overshadow Positivers

I The Dip That Keeps On Dipping. Bitcoin Took Another Hit Early Friday, Falling Below $ 80,000 and Taking February’s Decline to Over 20%. That spurred a Bloodbath in the Broader Crypto Market, with Ether Sliding Below $ 2,100, A Level It Managed to Hold Since August.

I Not Just Crypto. Increasted volatility in Cryptocurrencies Mirrors Trends in Traditional Markets. Compare the 10% Jump in the Volmex BVIV, WHICH TRACKS The 30-Day Implied Volatility in Bitcoin, with the Equal Increase in the Move Index, Wich Measures of the Nots. The VIX, Wall Street’s So-Called Fear Gauge, Has Risen by 14%.

TheSe Movements, Coupled with a Sell-Off in Grow-Sensitive Commodi-Sensitve Currencies Like The Australian, New Zealand and Canadian Dollars, Are Indicatio of Jirocon Inf. Concerns over potential trump tariffs, prompting a rotration Towards Less Volatile Assets.

“Us Domestic Policies Have Become Unstable, and the White House Sems Happy to Take Advantage of this Instability,” SAID Griffin Ardern, Head of Options Trading and Fat. “Given The Challenges Investors Face in Obtaining Accurate Forward-Looking Guidance, Many Are More Inclined to Hold Low-Valativity Transitioning to Other Markets, WHICH Explans the Decline Across Almost All Asset Classes, Including Cryptocurrencies. ”

Volatility Looks Set to Remain Heigheted, with President Donald Trump Reportedly Schelyled to Speak Later on Friday. In the meantime, Those hoping for a significant rebound in Risk Assets Based on Personal Consphomption Data May Be Disappinned Because anticipated soft readings coulded was overshadowshadowshadowshadowowed Forward-Looking Inflation Metrics.

While the Outlook May Seem Gloomy, More Positive Developments Could Occur Once The Macro Dust Settes. Nobly, this weeke was Progress on the Regulatory Front, with The Sec Droping Charges Against Uniswap, One of the Leading Decentralized Exchange, and Mulling the Same Regarding ITSES.

As evgeny gaevoy, ceo of leading market Maker Wintermute, Pointed Out at Consensus Hong Kong Last Week, Many Are Overloving the Evolving Attitude of the Sec, Ante. price in.

Plus, The Decline in the Basis in the CME Bitcoin and Ether Futures, A Sign of Weakening Demand, Has Stalled and From A Technical Analysis Perspective, Bitcoin Is Fast Closing Toward A pontal A pontal A pondal. So, Stay Alert!

What to Watch

• Crypto:
  • March 1: Spot Trading on the Arkham Exchange Goes Live in 17 US States.
  • March 5, 2:29 AM: Ethereum Testnet Sepolia Gets The Pectra Hard Fork Network Upgrade at Epoch 222464.
  • March 15: Athene Network (ATH) Mainnet Launch.
  • March 24, 11:00 am: Bugis Network Upgrade Goes Live on Enjin Matrixchain Mainnet.
• Macro
  • Feb. 28, 8:30 AM: The US Bureau of Economic Analysis Releasees January Personal ConSumption and Expenditure Data.
    • Core Pce Price Index Mom Est. 0.3% Vs. Prev. 0.2%
    • Core Pce Price Index Yoy Est. 2.6% Vs. Prev. 2.8%
    • PCE PRICE INDEX MOM EST. 0.3% Vs. Prev. 0.3%
    • PCE PRICE INDEX YOY EST. 2.5% Vs. Prev. 2.6%
    • Personal Income Mom Est. 0.3% Vs. Prev. 0.4%
    • Personal Spending Mom Est. 0.1% Vs. Prev. 0.7%
  • March 2, 8:45 PM: Caixin and S&P Global Release February China Manufacturing Data.
    • Manufacturing PMI Prev. 50.1
• Earnings
  • March 6 (TBC): Bitfarms (Bitf), $ -0.04
  • March 17 (TBC): Bit Digital (BTBT), $ -0.05
  • March 18 (TBC): Terawulf (Wulf), $ -0.03
  • March 24 (TBC): Galaxy Digital Holdings (TSE: GLXY), C $ 0.38

TKEN EVENTS

• Governans votes & calls
  • Sky Dao Is Discussing The Reduction of the Smart Burn Engine Activity, Which Wound Effectvely Reduce The Rate of Sky Token Buybacks from 1 Million USDS.
  • Lido Dao Is Discussing A Proposal On An SSV Lido Module (SSVLM), A Permissionless Staking Module, that would be distribute staking rewards to node operators, The Lidos.
  • Feb. 28, 12 PM: Vechain (Vet) To Host A Vechain Builders Ama.
• Unlocks
  • Mar. 1: Dydx to Unlock 1.14% of Circulating Supple Worth $ 5.58 Million.
  • Mar. 1: Zetachain (Zeta) to Unlock 6.48% of Circulating Supple Worth $ 12.45 Million.
  • Mar. 1: sui (sui) to unlock 0.74% of circulating Supple worth $ 60.40 Million.
  • Mar. 2: Ethena (ENA) to Unlock 1.3% of Circulating Supple Worth $ 15.91 Million.
  • Mar. 7: Kaspa (KAS) to Unlock 0.63% of Circulating Supple Worth $ 12.35 Million.
  • Mar. 8: Berachain (Bera) to Unlock 9.28% of Circulating Supple Worth $ 73.80 Million.
  • Mar. 9: Movement (Move) To Unlock 2.08% Of ITS Circulating Supply Worth $ 21.4 Million.
• Token Listings
  • Feb. 28: Worldcoin (Wld) to be listed on kraken.
  • Feb. 28: Zcash (Zec) and Dash (Dash) Are Being Delisted from Bybit.
  • Feb. 28: Sonic SVM (Sonic) to Be Listed on AscendEx.
  • Feb. 28: Redstone (Red) to be listed on binance and mexc.

Conferences

• Coindesk’s Consensus to Take Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.
• Day 6 of 8: Ethdenver 2025 (Denver)
• March 2-3: Crypto Expo Europe (Bucharest)
• March 8: Bitcoin Alive (Sydney)
• March 10-11: Moneylive Summit (London)
• March 13-14: Web3 Amsterdam ’25 (Netherlands)
• March 19-20: Next Block Expo (Warsaw)
• March 26: DC Blockchain Summit 2025 (Washington)
• March 28: Solana Apex (Cape Town)

Token TalkBy shaurya malwa

• Lazarus Group, The North Korea-Backed Hacker Group, Is Laundering Over $ 240 Million in Ether Through Thorchain, A DECENTRALIZED CROSS-CROSS-CROSAIN SWAP PROTOCOL, BY CONVERING.
• Thorchain Enables Cross-Chein Swaps Wrapped Assets, MainTAINING User Custody and Securing Funds on the Blockchain.

Derivatives Positioning

• TRX and TRON ARE SEEING NEGATIVE PERPETUAL FUNDING RATES, OR DOMINANCE OF BEARISH, SHORT POSIONS, AS The Crypto Sell-Off Deepens. MOST Other Majoor Coins Still Have Positive Funding Rates.
• On Decentralized Exchange Derive.xyz, Eth’s Options Skew for Both the 7 -Day and 30 -Day Options Has Sharply Droped to -15% and -6% Respectvely, RepreSteenting.
• The Way Bitcoin Options on Derive Were Priced at Press Time Showed A 44% CHANCE BTC SETTLING BLOW $ 80K by the End of June. And Just 3.5% Chance of Prices Rising to $ 150k, Talk About the Fear in the Market.
• On Deribit, BTC and Eth Options Showed a Bias for Puts in Expiries Up to the April End.

Market Movements:

• BTC is Down 3.3% from 4 pm et thursday at $ 80,5552.45 (24hrs: -7.09%)
• ETH IS DOWN 4.62% AT $ 2,135.58 (24hrs: -9.3%)
• Coindesk 20 is Down 4.63% AT 2.821.02 (24hrs: -8.31%)
• Ether Cesr Composite Staking Rate is up 4 BPS at 3.06%
• BTC FUNDING RATE IS AT 0.0069% (7.55% Annualized) on Binance

• DXY IS UNCHANGED 107.32
• Gold Is Down 0.77% AT $ 2.863.13/Oz
• Silver is Down 1.09% AT $ 31.15/Oz
• Nikkei 225 CLOSED -2.88% AT 37,155.50
• Hang Seng Closed -3.28% AT 22,941.32
• Ftse is up 0.25% AT 8,778.39
• Euro Stoxx 50 is Down 0.49% AT 5.4445.93
• Djia Closed On Thursday -0.45% AT 43,239.50
• S&P 500 CLOSED -1.59% AT 5.861.57
• NASDAQ CLOSED -2.78% AT 18,544.42
• S&P/Tsx Composite Index Closed -0.79% AT 25,128.24
• S&P 40 Latin America Closed -1.36% AT 2.347.52
• US 10-YEAR Treasury Rate is Down 2 BPS at 4.26%
• E-mini S&P 500 Futures Are Up 0.34% AT 5896.50
• E-mini NASDAQ-100 Futures Are Up 0.3% AT 20667.25
• E-mini Dow Jones Industrial Average Index Futures Are Up 0.33% AT 43,438.00

Bitcoin Stats:

• BTC Dominance: 60.51 (-0.41%)
• Ethereum to Bitcoin Ratio: 0.02681 (-1.58%)
• Hashrate (Seven-Day Moving AVERAGE): 844 eh/s
• HashPrice (Spot): $ 48.1
• Total Fees: 8.38 BTC / $ 715,412
• CME FUTures Open Interest: 155,245 BTC
• BTC PRICED IN GOLD: 27.5 OZ
• BTC VS Gold Market Cap: 7.80%

Technical AnalysisEth’s Daily Chart. (TradingView/Coindesk)

• Ether is at a make or break level of $ 2,100, WHICH HAS SEEN SELER EXHAUSTION SEVERAL TIMES SINCE AUGUST LAST YEAR.
• If the Support Gives Way, It Could Trigger Additional Selling by Long-Term Holders, Leading to An Extended Slide.

Crypto equities

• Microstrategy (Mstr): Closed On Thursday at $ 240.05 (-8.82%), Down 1.99% AT $ 235.28 In Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 208.37 (-2.16%), Down 3.64% AT $ 200.78
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 20.28 (+0.6%)
• Mara Holdings (Mara): CLOSED AT $ 13.13 (+5.46%), Down 3.43% AT $ 12.68
• Riot Platforms (Riot): CLOSED AT $ 8.66 (-3.13%), Down 3.35% AT $ 8.37
• Core Scientific (Corz): CLOSED AT $ 10.71 (+6.89%), Down 2.24% AT $ 10.47
• Cleanspark (CLSK): CLOSED AT $ 7.51 (-4.7%), Down 2.4% AT $ 7.33
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 16.89 (-1.92%)
• Semler Scientific (SMLR): CLOSED AT $ 40.63 (-7.47%), Down 3.03% AT $ 39.40
• Exodus Movement (Exod): Closed At $ 42.20 (-5.13%), Up 0.52% AT $ 42.42

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: -$ 275.9 Million
• Cumulative Net Flows: $ 36.85 Billion
• Total BTC Holdings ~ 1,132 Million.

Spot eth etfs

• Daily Net Flow: -$ 71.2 Million
• Cumulative Net Flows: $ 2.86 Billion
• Total Eth Holdings ~ 3.702 Million.

Source: Farside Investors

Overnight FlowsChart of the dayUniswap’s Daily Trading Volume. (Artemis)

• Daily Trading Volume on Decentralized Exchange Uniswap Sawap A Small Spike to $ 3.5 Billion on Tuesday as the Sec Droped Charges Against the Protocol.
• SINCE THEN, However, Volumes have tapered off, Probably Due to the Wider Market Deckline.

While You Were Sleeping

• Bitcoin Tumbles to $ 80k, XRP Loses Key Support As Trump Tariff Tariffs Regain Centrality, Dollar IndeEx Rises (CoindeEsk): President Donald Trump said 10% Tariff on Chinese Imports Will Take Effect on March 4.
• Bitcoin Sell-Off Could Be A Textbook ‘Breakout and Retest’ Play: Godbole (Coindesk): Bitcoin’s 15% Drop Below $ 80,000 May Reflect Typical Market Behavior Potentilly Fueling a Nother Rally.
• Trump’s Tariff Onslaughhht is Coming Faster than his team Can Carry IT Out (The Wall Street Journal): Trump’s Reciprocal Tariff Plan April 2 Reported BUT Full Implementation Likely Months Away.
• China Vows ‘All Necessary Measures’ Against New Us Tariffs (Bloomberg): China Threatened retaliation After President Trump Announced Announced Announced Announced Announced AnnounC
• Sterling Outshines Rivals on Stronger Economic Data (Financial Times) Treasuries, and a perceived Lower Risk of US Tariffs.
• Mexico Sends Majoor Drug Capos to Us As Trump Tariff Threat Looms (Reuters): On Thursday, Mexico Carried Over Extradition in Years, Sending 29 Cartel Figures Smuggling.

In the Ether