Diversitas

Crypto Market Pulse👀

The new week kicks off with strong momentum across the board🔥

• Coinbase premium remains positive, signaling continued institutional demand flowing in through U.S. markets 💼

• Another day of positive ETF flows for both Bitcoin and Ethereum💰

• Bitcoin printed a powerful reversal, nicely holding above our key trackline 📈

• Ethereum and most of our altcoins bounced right off their tracklines, confirming the recent dip as a successful retest 💥

• Metaplanet acquired 1,004 BTC for ~$104.3 million 🇯🇵

• Strategy, acquired 7,390 BTC for ~$764.9 million ⚡

• The U.S. Senate voted to move forward with the landmark GENIUS Act, which would bring regulatory clarity to stablecoins. This could open the door for fiat-backed stablecoins to scale globally — a crucial step in bringing traditional finance on-chain 🌐

• JPMorgan CEO Jamie Dimon told investors they will now allow clients to buy Bitcoin — another Wall Street giant bends the knee to crypto 🏦

Weekly update👀

1. Market Overview

This past week made one thing crystal clear: adoption isn’t just happening — it’s accelerating on all fronts, simultaneously 🔥

In the traditional financial world, Galaxy Digital got listed on Nasdaq, a major milestone in bridging crypto and Wall Street. Even more striking? They’re now reportedly in talks with the SEC to tokenize their own stock and other equities — a glimpse into the future of financial markets.

Not to be outdone, Coinbase officially joined the S&P 500, becoming the first crypto-native company ever included — a historic moment that solidifies crypto’s role in the global financial system👀

ETF flows continued to tell a powerful story — BlackRock’s Bitcoin ETF has now seen inflows in 22 of the past 23 trading days, with over $6 billion in new capital pouring in. Just this month alone, spot Bitcoin ETFs have bought 26,700 BTC, while miners have only produced 7,200. The supply squeeze is real — and intensifying💥

On the corporate front, new companies are joining the Bitcoin race daily, with treasuries shifting and capital reallocated — a theme we’ve been tracking closely in our daily updates.

And while all of this unfolds, macro liquidity is quietly flooding back into the system — the Federal Reserve bought $8.8 billion in 30-year Treasuries in a single day, and $43.6 billion over the past week. That’s fresh fuel — and much of it is finding its way into crypto📈

2. ETF Flows

ETF flows stayed firmly in the green this week, signaling continued institutional demand and growing confidence

• BTC ETFs: +$608.4 million💰
• ETH ETFs: +$41.8 million💸

3. On-Chain Data

• Coinbase Premium: Positive✅
• Exchange Reserves: Reached new lows✅
• MVRV Ratio: 2.2 (Cycle Top Above 3.7)✅
• Net Unrealized Profit/Loss (NUPL): 57 (Cycle Top Above 75)✅
• Open Interest: Low✅
• Funding Rates: Negative✅
• CMC Fear and Greed Index: 71 (Greed)🤔

While Bitcoin is currently struggling to break through the $104K–$105K range, we actually view this consolidation as a healthy sign. The pause has triggered a wave of short-term bearish sentiment — but as history shows, markets often move in the opposite direction of the crowd. With fear rising and sentiment cooling, the setup for a bullish continuation is quietly strengthening👀

4. Top Weekly News

Abu Dhabi sovereign wealth fund raised BlackRock Bitcoin ETF exposure to 8.7 million shares in Q1, valued at $408.5 million

https://www.theblock.co/post/354605/abu-dhabi-sovereign-wealth-fund-blackrock-bitcoin-etf

Brazil's first listed bitcoin treasury firm buys 274.5 BTC amid growing corporate crypto adoption

https://www.theblock.co/post/354583/brazils-meliuz-buys-274-btc

JPMorgan, Chainlink and Ondo Finance test cross-chain settlement of tokenized treasury fund

https://www.theblock.co/post/354336/jpmorgan-chainlink-ondo-finance-crypto-partnership

Bitwise CIO says 'Bitcoin is king' but history favors a diversified crypto basket, drawing parallel to 2004 internet investing

https://www.theblock.co/post/354259/bitwise-cio-says-bitcoin-is-king-but-history-favors-a-diversified-crypto-basket-drawing-parallel-to-2004-internet-investing

London-based asset manager buys nearly $500 million worth of Ethereum in six days

https://www.theblock.co/post/354178/london-based-asset-manager-buys-nearly-500-million-worth-of-ethereum-in-six-days

Analysts say investors are rotating into major altcoins amid monthly rebound

https://www.theblock.co/post/354255/altcoin-led-rally-increasingly-favored-as-eth-and-major-alts-outclassed-btc