OnChain

• How Candlesticks Unify Price Action, Derivatives, and On-Chain Data | Confluence ↓ • "In this dashboard, I show how the market can be analyzed using the same visual tool (candlesticks) across different areas: price action, derivatives, and on-chain data, thereby unifying the analytical framework. It also includes the history of indicators, their different forms of use, and reference links for further exploration." • @cryptoquant_com.

LATEST: ⚡ Ondo Finance is partnering with Franklin Templeton to bring tokenized ETFs on-chain with 24/7 trading.

We've launched our MCP Server. This helps to build a complete on-chain workflow. From your morning coffee to your next trade. No dashboards, no code, just conversation. Here's how 👇

🔥 NEW: Visa will join the Canton Network as a Super Validator, aiming to bring privacy-preserving blockchain payments and stablecoin infrastructure to banks and financial institutions.

Crypto stocks didn’t drop because of poor sentiment, audits, or profit-taking. They dropped because Washington just aimed directly at one of crypto’s biggest profit engines: stablecoin yield. For years, exchanges have offered returns on stablecoins. Not staking rewards - real income coming from things like Treasury bills or institutional lending. That’s what helped stablecoins evolve from simple payment tools into yield opportunities, and ultimately one of the most powerful growth drivers in crypto. Now the latest CLARITY draft could prohibit platforms from offering anything that resembles “interest” on stablecoins. Not just obvious yield products - but anything regulators deem economically equivalent. That profoundly changes the economics overnight. If reserve income can’t be shared, issuers like Circle face margin compression. If yield disappears as a user incentive, adoption slows. And if the definition of “interest” stays vague, innovation gets replaced by legal engineering. This isn’t just politics. It’s about who actually makes money in crypto’s dollar economy. Banks see stablecoins as competition for deposits. Lawmakers see them as financial products. Crypto sees them as infrastructure. The outcome will shape where capital sits inside the ecosystem - and what earns yield next. Ironically, if stablecoin returns get capped or cut, staking assets should become relatively more attractive. Not because they improved - but because one of their closest substitutes weakened. CLARITY was supposed to resolve uncertainty. Instead, it may be redrawing the boundary between crypto and traditional finance in real time. And prediction markets still put roughly a one-in-three chance on the law not passing this year. What do you think - is CLARITY, in its current form, still a win if the banks get their way, or is it already a lost cause?

🇺🇸 UPDATE: Morgan Stanley’s Bitcoin ETF ($MSBT) has received an official NYSE listing announcement, signaling a potential launch in the near term.

• cryptoquant.com/insights/quick…

• Bitcoin Bearish Confluence: Price Action, Derivatives, and On-Chain Data ↓ • "If you want to know why Open Interest and Apparent Demand are displayed using candlesticks, I recommend reading the following." • @cryptoquant_com:

📊It has been one month that BTC outflows from exchanges have largely dominated flows. While BTC continues its liquidation phase, Netflow has remained negative for almost an entire month. —> This persistent outflow suggests genuine accumulation by investors, who continue to buy and withdraw their BTC from exchange platforms. This demand is not yet strong enough to restart a trend, but it clearly indicates ongoing accumulation and is likely one of the factors behind the range formation that has been developing for several months now.

Bitcoin Fear & Greed Index just dropped into the bottom 5th percentile. Historically, these moments are rare — and they don't last long

📊 Ethereum is also continuing to trade within a short-term range, with the current price around $2150. This price is close to the average realized price, which sits at $2300. Applying a standard deviation allows projecting a high average price currently estimated at $5300 and a low at $1150. Ethereum is therefore positioned in the middle of this realized price zone, suggesting that for someone looking to take a medium- to long-term exposure, the best strategy would be to wait. 👉 This is especially true in the current market conditions, where the realized price acts as resistance and can serve as a break-even exit level for some investors.

Bitcoin treasury demand is now entirely driven by Strategy. 45K BTC bought in 30 days vs ~1K from others (−99%), with participation collapsing. With ~76% of holdings, the industry is highly concentrated; there is no broad corporate demand right now.

Awaiting Liquidity $BTC has stabilised around $70k, with ETF flows improving and sell-side pressure easing. However, muted spot volume and overhead supply suggest stronger demand is still needed to turn this into a recovery. Read the full Week On-Chain👇 glassno.de/4sATTn1

Free Chart: app.alphractal.com/cryptos/chart?…

Top traders are currently underexposed. The Top Trader Long/Short Ratio is sitting at relatively low levels. This metric tracks how the top 20% of traders by margin balance are positioned, weighted by positions, not accounts. In other words, it shows how aggressively smart money is allocating capital directionally. Right now, positioning is far from crowded on the long side. Which means many are currently focused on shorts.

🗞️ Need to catch up on the news? Here's our top 10 from today: 🔸 Canada's Bank of Montreal partners with CME Group to launch tokenized cash service for institutional clients, enabling 24/7 fund movement and settlement. 🔹 Tether hires “Big Four” accounting firm to conduct first-ever full independent audit of USDT reserves. 🔸 Elon Musk's SpaceX plans to file IPO prospectus as soon as this week, targeting June public listing, per The Information. 🔹 OpenAI shuts down Sora video platform, refocusing on business and coding functions ahead of potential Q4 IPO. 🔸 Coinbase CEO Brian Armstrong says major banks are integrating stablecoins for faster payments, tokenizing assets, and offering crypto trading to clients. 🔹 Robinhood has approved a new $1.5B share buyback program as its stock climbs nearly 80% over the past year. 🔸 Ethereum Foundation launches post quantum security platform outlining roadmap and research progress. 🔹 CFTC launches an Innovation Task Force to set clear rules for market innovators. 🔸 $867B AUM Bernstein Research says Bitcoin has likely bottomed, keeps $150K target for 2026. 🔹 New York Stock Exchange partners with Securitize to build tokenized securities platform, per WSJ.

BLACKROCK HEAD OF DIGITAL ASSETS ROBBIE MITCHNICK SAYS AI, NOT ALTCOINS, WILL DRIVE CRYPTO’S NEXT BULL PHASE AS INSTITUTIONAL INVESTORS CONCENTRATE ON $BTC AND $ETH

Drop a like and save in your favorites. 👇 cryptoquant.com/community/dash…

Still #1 on CryptoQuant's Verified Authors dashboard ranking. Over a month now. 2,400+ views. 51 likes. Trending since day one. Built this because I was tired of jumping between 15 charts every morning. Turns out other people were too. (The #2 dashboard right below mine looks... familiar. Very familiar. But hey, imitation and flattery and all that 😂) Genuinely grateful for the CQ team support on this project and glad to be part of this community. If the dashboard helps your daily process, that's the whole point. Link in bio and below. Free. Updated regularly.

Yeah bitcoin ETFs now $2.5b for month and one good day away from completely digging out of their YTD flow hole. $IBIT is already there and then some, in top 2% among all ETFs in YTD flows. Again, incredible fortitude in face of 40% 6mo price drop and widespread media pile on. For context, when gold fell 40% in short time frame about 10yrs ago, it saw 1/3 of its investors bail (not that that's bad either, that's normal, btc is just abnormal)

BREAKING: @tether signs a Big Four accounting firm for its first ever full independent financial statement audit, covering $184B in market cap and 550M users, the largest inaugural audit in financial market history.