Market Update - Weekend 15
Cryptoken Board weekly market commentary ending on Friday, April 6 2025.
Cryptoken Board UÜ
4/5/2025
MARKET UPDATE
Tariff Wars! Bitcoin rebounded from the seven day trading lows, conventual risky assets like the US equities $NASDAQ tumbled near 15,158 or some 11.75% 🔻 Outch ! #Bitcoin closed at $ 83,356 as of the day end April 5th 2025.
The CB 250 Benchmark index, declined for the past seven days, with Currency "basket" performing the best followed by Financial and Infrastructure sectors. The biggest crypto laggers this week are in the Services and Media & Entertainment sector.
Crypto currency total market capitalization is currently valued at $ 2.67 trillion USD, we're still up $ 250 billion from the pre $TRUMP election levels. However due to economic uncertainty, and macro headwinds facing the supply chain stress, and main street economy, BTC and ETH total market capitalizations have declined over the past week.
NOTE: The Bitcoin dominance reached to 61% $ 1.651 T ($ 37 billion decrease) and and Ethereum dominance declined to 8% $ 217 B ($ 6.5 billion decrease), with BTC/ETH 7.61x ratio. These metrics are staggeing at BTC begins to dominate digital assets.
CME GROUP - FUTURES AND OPTIONS
The Bitcoin futures is currently trading at $84 475 and 14,102 total contracts (1 contract represents obligation to deliver 5 BTC coins) and the open interest of 27,537 (volume indicates the number of contracts traded within a specific period, giving a snapshot of trading during that time. Open interest reflects the number of outstanding contracts that have been opened but not yet closed or settled).
The futures curve for month end April +375 (84,845), May 2024 +530 (85,005), June 2024 +940 (85,440).
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Bitcoin Futures CME
TECHNICAL ANALYSIS
We only rely on CB PRO 📊 modules and Cryptoken Board DFA 250 index, to publish technical analysis below.
#Bitcoin
○ Moving Average Rank Quantile [MARP] - is a statistical metric attempting to better explain stochastic variable with random returns (with a drift) like Bitcoin price taking into consideration both convexity and curvature of non-normal probability distributions. MARP is produced for every single digital asset in our market universe.
Bitcoin current price $ 83 456 will translate Current MARP 30 BTC is 29 / 100, suggesting that over the last 30 days, BTC price currently falls on the 28th percentile out of 100. MARP 60 is 15 / 100 and MARP 90 is 10 / 100 ( we are looking for any divergence in the marp 30-60 and marp 30-90 spreads ).
