Amberdata Digital Asset Snapshot: BTC Short Squeeze, ETF Flows Surge, & Liquidity Deepens Inflation is sticky at 3.3% year-on-year, the 10-year sits near 4.33%, and the Fed is holding rates steady, a difficult backdrop compounded by the Strait of Hormuz standoff keeping oil elevated. The full second-round impact from freight costs is 4-6 weeks from the data, with shipping, aviation, and manufacturing absorbing input pressures. Inside crypto, a BTC short squeeze is running, which can move the price, but mechanical short closure is not a regime change.
Digital Asset Snapshot: BTC Long Liquidations, BTC/ETH Correlation, and Funding Regime Re-Inversion March CPI hit 3.3% year-over-year on the Iran oil shock, core held at 2.6%, the Fed stays on hold at 3.50-3.75%, and the 10-year at 4.26% as a ceasefire pulls oil lower into the April 28-29 FOMC. The energy impulse has not reached services; shipping, aviation, and manufacturing absorb elevated costs regardless. In crypto, ETH funding cratered from +4.8% to -9.1% APR as longs cleared in a 5.5:1 liquidation ratio; mechanical, not a regime change.
Onchain Valuation: What Bitcoin's Realized Price Says About 2026 This is Section 10, excerpted from our Amberdata Crypto Market Review 2025 and 2026 Outlook: Six Regimes, One Story. Our full report spans 14 sections - ETF flows, derivatives, onchain, liquidity, and our complete 2026 outlook. MVRV, NUPL, Puell Multiple - the signals that called October's bottom and what they mean now.