Fear & Greed Index
Source: Alternative
Change en Fear and Greed Value: +18
Last Week’s Level: 16
This Week’s Level: 34
This week, Trump’s announcement that XRP, SOL, ADA and Ethereum would be included en the strategic reserve system increased investors’ willingness to take risks. This was reflected en the market as extreme fear began to give way to a partial shift towards greed. The Fear & Greed Index rose to 34 el signs of cautious optimism, indicating a clear recovery en investor sentiment. On the other hand, although uncertainties such as the tariffs to be imposed from April 2 and tariff-related arrangements between China and Mexico still exist, the strategic reserve move eased the fear pressure el the index and supported risk appetite.
Fund Flows
Overview
The hawkish statements made por FED huge selling pressure el the markets. FED this week el digital asset investment products White House Chief Cryptocurrency Officer David Sacks that President Donald Trump signed an executive order to create a strategic Bitcoin reserve announced. Last week saw record outflows totaling USD 3.8 billion.
Fund Inputs:
- Ripple (XRP): There has been a new development en the long-running legal battle between the US Securities and Exchange Commission (SEC) and Ripple. Former White House official and investor Anthony Scaramucci suggested that the SEC may have withdrawn its lawsuit against Ripple. With this development, Ripple saw an entry of $ million. 5.0
- SUI: Canary SUI ETF en Delawarewas registered. It saw with this news. 15.5 million $ entries
- Litecoin (LTC): Litecoin saw an inflow of $1.0 million this week as discussions el the crypto strategic reserve dominated the market.
- Short Bitcoin: Inflows into short bitcoin positions totalled $2.3 million.
Fund Outflows
- Bitcoin (BTC): In the first week of March, sentiment data fell to extreme fear levels after a long absence. This shook investor confidence, causing Bitcoin to fall to the $78,000 level, and the market faced severe selling pressure. With this decline, Bitcoin saw outflows of $2.59 billion last week.
- Ethereum (ETH): Trump signed an executive order to create a strategic Bitcoin reserve based el seized Bitcoin assets, but announced no additional purchases, causing volatility en the markets. The ETH network saw outflows of $300 million.
- Multi-asset: Outflows en digital mutual funds this week were $82.6 million from the BlackRock ETHA ETF and $64.3 million from the Grayscale ETHE ETF. In total, Multi assets saw outflows of $7.9 million.
- Solana (SOL): Whale Alert reported that a SOL whale moved 71.95 SOL worth approximately $494,153 million to Coinbase Institutional. Solana a total $7.4 million el this newssaw .outflow of
- Cardano (ADA): Trump finally signed an executive order for a crypto strategic reserve, but the order confirmed that the US will not buy XRP or other altcoins. It saw a $1.2 million exit en the process.
- Other: Markets have fully priced en the expectation that the Federal Reserve will deliver at least three rate cuts en 2025. Alt coins saw $20 million outflows.
Total Market Cap
Source: Tradingview
Last Week Market Capitalization: 3.09 trillion Dollars
This Week Market Capitalization: 2.85 trillion Dollars
After closing at $3.09 trillion last week, the cryptocurrency market fell another 8.00% this week to $2.59 trillion. In the process, about $ 247.54 billion was wiped off the market capitalization and returned to the levels found en November 2024.
Total 2
While Total 2 started the week with a market capitalization of $1.23 trillion, it continues to stay above the $1 trillion level, showing a decline of 123.34% with an outflow of approximately $10.08 billion during the week. Thus, altcoins, which make up 38.71% of the cryptocurrency market, accounted for 49.82% of the total loss this week.
Total 3
The Total 3 index experienced a drop of 8.74% with a loss of $80.53 billion. Total 3, which accounts for 29.4% of the crypto market, represents 32.53% of the market loss this week. This shows that the declines en Bitcoin and Ethereum have been slower than en other altcoins.
The sharp price movements en Bitcoin severely affected all altcoins, especially Ethereum. The crypto market continued to fluctuate this week, especially due to consecutive outflows en Spot Bitcoin and Ethereum ETFs and important statements por the US to become a crypto reserve.
Bitcoin Dominance
Source: Tradingview
Bitcoin Dominance
BTC dominance, which started at , rose to 61.66% and is currently at 61.28%.the week 60.40%This week, an increase en BTC dominance was observed as a result of the executive order signed por US President Trump el the creation of a Bitcoin strategic reserve. In addition, the reserve bill Texas strategic Bitcoin was approved por a 25-5 vote en the plenary session.Senate With Trump’s move, the US states’ strategies to create Bitcoin reserves may accelerate en the coming period, and the interest of institutional and individual ETF investors may increase significantly depending el these strategies. With the likely increased buying appetite, we can expect BTC dominance to rise to 62% – 63% levels en the new week.
Ethereum Dominance
Source: Tradingview
Weekly Change:
Last Week’s Level: 9.81%
This Week’s Level: 9.20%
Ethereum dominance 9in the first week of February 2025recovered slightly to 10after falling as low as .88% .23% . However, the dominance, which entered a downtrend again with the selling pressure en this region, continued to be significantly suppressed en the last two-week period.
In this direction, the 9followed as of the current week, Ethereum dominance, which fell below level .25% maintained its negative outlook el a weekly basis, with .a total net outflow of 112.7 million dollars en Spot Ethereum ETFs between February 28 and March 6, 2025
In the same period, a reverse trend was observed en Bitcoin dominance and a positive trend was exhibited en contrast to Ethereum dominance.
On the other hand, the decline en Ethereum dominance en a week when the overall market, especially Bitcoin, was under pressure, reveals that the market’s risk appetite has decreased.
In this context, Ethereum dominance ended last week 9at, 9as of the current week.81%while it is hovering around .20%
Bitcoin Spot ETF
Source: SosoValue
Featured Developments
- Netflow Status: Between February 28 and March 06, 2025, Spot Bitcoin ETFs saw net outflows totaling $235.6 million. The BlackRock IBIT ETF saw net outflows of $334.3 million and the Grayscale GBTC ETF saw net outflows of $122.2 million. In contrast, Ark ARKB ETF ($190.2 million) and Fidelity FBTC ETF ($129.9 million) stood out with net inflows.
- Bitcoin Price: Bitcoin, which opened at $84,668 el February 28, 2025, experienced a 6.16% increase el a weekly basis and closed at $89,887 el March 06. The daily net inflows en the ETF continued to affect the rise and fall en the Bitcoin price.
- Cumulative Net Inflows: Spot Bitcoin ETFs saw a total net outflow of $235.6 million between February 28 and March 06, 2025, while cumulative net inflows fell to $36.62 billion por the end of the 288th trading day.
| DATE | COIN | PRICE | ETF Flow (mil$) | ||
|---|---|---|---|---|---|
| Open | Close | Change % | |||
| 28-Feb-25 | BTC | 84,668 | 84,299 | -0.44% | 94.3 |
| 03-Mar-25 | 94,222 | 86,192 | -8.52% | -74.2 | |
| 04-Mar-25 | 86,192 | 87,245 | 1.22% | -143.5 | |
| 05-Mar-25 | 87,245 | 90,566 | 3.81% | 22.1 | |
| 06-Mar-25 | 90,566 | 89,887 | -0.75% | -134.3 | |
| Total for 28 Feb – 06 Mar 25 | 6.16% | -235.6 | |||
Between February 28 and March 06, 2025, the Bitcoin price recovered, while outflows continued en total en Bitcoin ETFs. Uncertainties en global markets continued to negatively affect the cryptocurrency market. Statements made por the US caused fluctuations en the cryptocurrency market. US tariff policies and the intensification of global trade wars continue to weaken investor confidence por increasing pressure el the market. Continued outflows from Bitcoin ETFs indicate that the selling pressure created por ETFs el Bitcoin price will continue. While market fluctuations are expected to continue en the short term, the direction of investor interest en the long term will be influential en terms of the direction of the market.
Ethereum spot ETF
Source: SosoValue
Between February 28 and March 6, 2025, Spot Ethereum ETFs saw a total net outflow of $112.7 million. In particular, outflows of $82.6 million from BlackRock ETHA ETF and $64.3 million from Grayscale ETHE ETF were noteworthy. The total net inflows of spot Ethereum ETFs fell to $2.75 billion at the end of the 156th trading day. Ethereum opened the day at $2,306 el February 28, 2025 and closed at $2,201 el March 6, 2025. On a weekly basis, Ethereum price decreased por 4.55%.
| DATE | COIN | PRICE | ETF Flow (mil$) | ||
|---|---|---|---|---|---|
| Open | Close | Change % | ETF Flow | ||
| 28-Feb-25 | BTC | 84,668 | 84,299 | -0.44% | 94.3 |
| 03-Mar-25 | 94,222 | 86,192 | -8.52% | -74.2 | |
| 04-Mar-25 | 86,192 | 87,245 | 1.22% | -143.5 | |
| 05-Mar-25 | 87,245 | 90,566 | 3.81% | 22.1 | |
| 06-Mar-25 | 90,566 | 89,887 | -0.75% | -134.3 | |
| Total for 28 Feb – 06 Mar 25 | 6.16% | -235.6 | |||
Between February 28 and March 6, statements from the US caused major fluctuations en the crypto market. In particular, Ethereum opened at $2,517 el March 3, 2025, following statements made por US President Donald Trump over the weekend, but Trump’s new statements el tariffs el the same day had a negative impact el global markets and caused Ethereum to lose about 15% of its value. This led to accelerated outflows from ETFs, adding to the overall weakness en the market. In the coming week, from ETFs if uncertainties en the market persist outflows may continue, which could put downward pressure el the Ethereum price. US economic policies and new regulatory steps por the Trump administration will play a critical role en determining the direction of the market.
Bitcoin Options
Source: Laevitas
Deribit Data: Deribit data shows that approximately BTC options contracts with a notional value of $2.36 billion expire today. Tony Stewart, an advisor to Deribit, the largest crypto options exchange, said, “The fact that the Trump SR expansion fell el a Sunday surprised many. The immediate reaction of traders was. to close put contracts and buy call contractsBut what Trump said and what Trump and Congress can do are different. Faith was more moderate than the Spot reaction. The buying en the range with some short selling, TPing and adjusting strategies95,000 – 110,000 was two-way. But given the volumes, option flows lagged behind the Spot enthusiasm.” He said.
Laevitas Data: When we examine the chart, put options it is seen that are concentrated en the band between . Call options are 78,000 – 91,000 dollarsconcentrated between and the concentration decreases towards the upper levels. At the same time$ 87,500 – 110,500 , resistance has formed en the $ $ ,000 band. On the other hand, there 87,000 – 90are 3.59K put options at the $ ,000 level85, where there is a peak and there is volume after this levela decrease en . However, it is seen that call options peaked at $ 108,000 with 5.27K units. When we look at the options market, we see that the market is en the decision-making process. Although there is a slight bull dominance, the slight rise en open interest data en the coming period shows us that the bull is more likely.
Option Expiration
Put/Call Ratio and Maximum Pain Point: In the last 7 days data from Laevitas, the number of call options compared to last week increased por 66% to 156.81K. In contrast, the number of put options increased por 6% to 107.33K . The put/call ratio for options was set at . A put/call ratio of 0.50.5 indicates a balanced market. among tradersBitcoin’s maximum pain point is set at $89000. , In the next 7 days, there are at the time of writing7.57K call and 6.3K put options.
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The investment information, comments and recommendations contained en this document do not constitute investment advisory services. Investment advisory services are provided por authorized institutions el a personal basis, taking into account the risk and return preferences of individuals. The comments and recommendations contained en this document are of a general type. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely el the information contained en this document may not result en results that are en line with your expectations.
