ChainCatcher message, on-chain data analyst Murphy released an analysis of ETH based on token flow and value ratio. The flow ratio of ETH on trading platforms has dropped below 35% since the end of December 2022, a figure that had exceeded 50% in September 2021. This indicates that ETH was once able to compete with BTC in terms of inflow/outflow ratios on trading platforms, but the significant decline now means that the attention of funds towards ETH is decreasing.Since December 2022, Bitcoin's MVRV "Market Value to Realized Value Ratio" (blue line) has shown a clear divergence from Ethereum's MVRV (yellow line). For the previous 7 years, this indicator had always alternated dominance, with ETH sometimes stronger and sometimes BTC stronger. Now, the blue line remains below the yellow line, indicating that since December 2022 until today, the unrealized profits of ETH holders have consistently been lower than those of BTC. Whether from trading platform data or on-chain data, the turning point for Ethereum's trend seems to have occurred in December 2022. Coincidentally, on September 15, 2022, the Ethereum mainnet merged with the Beacon Chain, completely ending PoW mining and transitioning to a PoS consensus mechanism, and everything changed right after that.As the trend of diminishing sentiment weakens, the capital inflow into these two major assets, BTC and ETH, has significantly decreased since last December. Nevertheless, BTC can still maintain a positive inflow of $5.4 billion over the past 30 days; whereas ETH has turned into a net capital outflow since February 15, with nearly $6.2 billion flowing out in the last 30 days as of yesterday. The attitude of funds is a crucial factor in determining price and trend, and ETH's revival in trend requires waiting for a renewed focus of capital.

ChainCatcher news, according to CoinDesk, Ethena and Securitize plan to launch the Converge blockchain mainnet focused on RWA in the second quarter. The Converge blockchain will use Arbitrum and Celestia to provide fast block times.In addition, USDe and USDtb will serve as gas tokens, along with a validator network backed by ENA.

ChainCatcher news, according to Ember monitoring, a whale with 57,000 ETH on the verge of liquidation has once again made a strategic reduction, selling 4,055.6 ETH for 5.72 million DAI to repay.Currently, its ETH position is 49,018 ETH, with a liquidation price of $1,418.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, 67,000 ETH is on the verge of liquidation, with the whale only 35 dollars away from its ETH liquidation price. Previously, on March 11, this whale's 67,000 ETH position was close to liquidation due to the drop in ETH price, but it managed to avoid liquidation through repayment and reducing positions. Later, the rebound in ETH allowed its position to temporarily escape the liquidation risk, and there have been no actions taken to increase margin or reduce positions to lower the liquidation price. Now, ETH is about to drop again, and if it falls another 100 dollars, the position will be liquidated once more.

ChainCatcher news, Matrixport analysis shows that the Bitcoin ETF IBIT's 30-day actual correlation with Nasdaq is approaching 70%, a level that has only occurred twice in history, indicating that Bitcoin is currently driven by macro factors and is moving in line with other risk assets.The high correlation mainly stems from the market's reassessment of earnings expectations ahead of the first-quarter earnings season and the uncertainty surrounding tariff policies.However, historical data indicates that such a high correlation is difficult to sustain, and Bitcoin may experience a divergence in trends from Nasdaq in the future.

According to ChainCatcher news, Ethena Labs, in collaboration with Securitize, will launch an EVM blockchain called Converge. In addition to providing access to standard DeFi applications aimed at retail investors, Converge will also offer a suite of applications and products specifically developed for institutional investors in partnership with others, helping institutional capital access the innovations and capital efficiency of DeFi in a compliant manner.Ethena will focus its institutional products on Converge and seek to migrate its existing DeFi ecosystem, which currently holds nearly $6 billion in assets. Securitize, which has created nearly $2 billion in RWA across multiple blockchains, will seek to issue existing and future tokenized assets on Converge and continue to facilitate the interoperability of its numerous protocol integrations.Additionally, ENA will serve as a stakable asset on Converge, with USDe and USDtb both acting as the network's gas tokens. Converge is expected to launch in the second quarter of 2025.

ChainCatcher news, CoinDesk analyst Omkar Godbole stated that Bitcoin fell below $80,000 this Tuesday, marking a several-month low, while the Relative Strength Index (RSI) — a widely used momentum oscillator — indicates a potential bullish rebound. This indicator has produced a higher low, contradicting the lower lows on the Bitcoin price chart, resulting in what is known as a bullish RSI divergence. This suggests that while prices are declining, the momentum behind the sell-off is weakening, potentially signaling an upcoming reversal to a bullish trend.The analyst added, "The timing of this pattern today couldn't be more interesting, as the U.S. Consumer Price Index (CPI) for February will be released at 8:30 PM Beijing time, and is expected to show progress. The bullish divergence in BTC's RSI indicates that a phase ready to react positively to potential weak readings is in place."According to CNBC, the expected data shows that the overall CPI for February and the core CPI, excluding food and energy, are projected to rise by 0.3% month-over-month. This implies an annualized increase of 2.9% for the overall CPI and 3.2% for the core CPI, both 0.1 percentage points lower than in January.

ChainCatcher news, according to Ember monitoring, "67,000 ETH on the verge of liquidation by a giant whale" reduced their position by 2,882 ETH for 5.21 million DAI repayment before the Maker oracle price update at 10 o'clock, slightly lowering the liquidation price to $1,781.

ChainCatcher news, according to Lookonchain monitoring, a certain whale's lending position of 65,675 ETH (worth 135.8 million USD) on Maker is on the brink of liquidation. Its health rate is only 1.05, and the liquidation price is 1,931.83 USD.

ChainCatcher news, according to Onchain Lens monitoring, a certain whale's 5,472.8 ETH on Compound is on the brink of liquidation, approximately 11.92 million dollars, with a health factor of 1.17 and a liquidation price of 1,863 dollars.

ChainCatcher news, according to Defillama data, after the Bybit hacking incident, major cryptocurrency exchanges have shown a divergence in fund flows. Binance had a net inflow of $749.3 million in 24 hours, making it the exchange with the highest inflow. This was followed by OKX and Gate.io, with net inflows of $36.98 million and $50.57 million, respectively.Meanwhile, Bybit experienced a net outflow of $2.399 billion in 24 hours, while Bitget and Robinhood had net outflows of $98.24 million and $39.73 million, respectively.

ChainCatcher news, JPMorgan strategist Matthew Landon said in a report that the potential for the British pound to appreciate against the US dollar appears limited following the latest policy decision by the Bank of England.The Bank of England cut interest rates by 25 basis points to 4.5% on Thursday, but two of the nine members leaned towards a 50 basis point cut. This vote may reflect concerns about the weak economic growth outlook. The market currently reflects the largest rate cut since last November's US presidential election. Given the weakness in economic growth, it seems reasonable for the Bank of England to diverge more from the Federal Reserve. This "may limit the appreciation of the pound against the dollar in the short term."

ChainCatcher news, Matrixport released today's chart stating that there is a significant technical divergence between Bitcoin's price and the Relative Strength Index (RSI). Although Bitcoin's price has remained above $100,000, the RSI has been in a consolidation phase, indicating that the momentum of the potential trend is weakening.Looking back at the corrections and consolidation phases before 2024, historically, strong buying opportunities only arise when the RSI drops to around 40%. Currently, while the RSI is close to that level (48%), it has not yet reached it, so entering new long positions may be premature. A more strategic approach is to remain patient and wait for the best entry point.

ChainCatcher news, HODL15Capital released an icon analysis stating that over the past year, there has been a significant trend of capital differentiation in the Bitcoin market.Data shows that small investors have been continuously net selling Bitcoin, while large capital players (such as ETFs, MicroStrategy, etc.) have become the main net buyers in the market. They not only absorbed all the Bitcoin sold by small investors but also took in all newly mined Bitcoin.This trend indicates that large institutions maintain a high level of confidence in the long-term value of Bitcoin, while also highlighting the increasing concentration of market capital. Investors need to pay attention to the potential long-term impact of this change on the market.

ChainCatcher news, according to CoinDesk, analysts explain the recent stock price trends of MicroStrategy (MSTR) through Soros' Theory of Reflexivity. This theory posits that there is a two-way interaction between investor expectations and prices: optimistic investors drive prices up, and rising prices enable the company to finance at lower costs, further improving performance and pushing prices higher, creating a virtuous cycle. However, when this cycle is broken, price adjustments may exceed market expectations.The stock price of MicroStrategy (MSTR) has continued to decline after being included in the Nasdaq 100 index, once dropping to the $300 mark, down nearly 45% from its historical high of $543 at the end of November, and about 30% from the $430 announced on December 14 after the Nasdaq 100 inclusion. Analysts point out that several market signals suggest MSTR may have formed a short-term top, including: the company's stock price skyrocketing nearly 8 times this year, founder Michael Saylor frequently appearing and promoting the new "Bitcoin yield" indicator, and multiple companies beginning to emulate its Bitcoin reserve strategy.Despite the recent significant pullback, MSTR's long-term performance remains impressive. The stock is still up over 400% this year, with a cumulative increase of 20 times since it began implementing its Bitcoin reserve strategy in August 2020. Most analysts believe that MSTR has experienced similar magnitude pullbacks multiple times over the past three years, but ultimately ended with gains.