Ethereum is trading above $2,200. The recovery is real. And a CryptoQuant 
report has identified the structural event that made it possible — one that 
most participants were reading as a danger signal at the time it occurred. 
Related Reading: Aave Breakdown Deepens With Supply Flooding Back To Binance. 
Learn What Triggered The Rush The report traces the current price strength to 
a single, measurable development in February: Binance&#8217;s ETH Open Interest 
30-day Change fell to approximately -$2.13 billion in mid-February 2026 — the 
deepest deleveraging event since October 2025, when the metric reached a 
comparable -$2.11 billion. At the time, that reading looked like confirmation 
of further downside. The chart was falling. Leverage was being violently 
removed. The market appeared to be breaking. The distinction matters because 
of what followed in October 2025. When Binance recorded a comparable leverage 
flush at -$2.11 billion, Ethereum did not extend its decline — it stabilized 
and recovered. The deleveraging event that looked like a continuation signal 
was actually a cleanup event: speculative excess removed, liquidation pressure 
reduced, structural foundation strengthened. February 2026 produced the same 
reading. Ethereum held above $1,800 instead of extending lower. The recovery 
above $2,200 is what came after. The mechanism behind it is what the report 
has now confirmed. The Price Held. The Leverage Did Not The report&#8217;s core 
analytical observation rests on a specific divergence between what the open 
interest data showed and what the price did in response. When Binance&#8217;s ETH 
open interest fell by $2.13 billion, the expected outcome — given the speed 
and scale of the deleveraging — was a comparable collapse in price. Instead, 
Ethereum stabilized around $1,800. The price held while the leverage did not. 
That divergence is the signal. When open interest drops aggressively without a 
proportional price decline, it typically means one thing: the leverage being 
removed was speculative excess, not genuine demand. The forced exits cleared 
the market of positions that would have amplified further downside. The 
holders who remained were not leveraged longs waiting to be liquidated — they 
were participants with enough conviction to absorb the selling without 
flinching. Related Reading: XRP Longs Keep Getting Crushed On Binance – Here 
Is What That Imbalance Signals The report is precise about the consequences. 
The leverage reset on Binance most likely reduced the liquidation pressure 
that had been overhanging the market since the cycle peak. Without that 
overhead, the path to stabilization became shorter. Without the speculative 
excess, the recovery that followed had a cleaner structural foundation to 
build on. Ethereum above $2,200 is not simply a price recovery. It is the 
output of a market that absorbed its worst deleveraging event in months, held 
its ground, and rebuilt from a base that the cleanup made structurally more 
durable than the one that existed before it. Ethereum Price Stabilizes Below 
Key Moving Averages Ethereum is attempting to stabilize after a sharp 
breakdown that defined the February leg lower. The chart shows a clear shift 
in structure: a prolonged downtrend from late 2025 transitioned into a high- 
volume capitulation event, followed by a compression phase just above the 
$2,000 level. That level is now acting as short-term support, with buyers 
repeatedly stepping in to defend it. However, the broader trend remains 
fragile. ETH is still trading below its 50-day (blue), 100-day (green), and 
200-day (red) moving averages, all of which are sloping downward. This 
alignment reflects sustained bearish control across multiple timeframes. 
Notably, the recent bounce toward $2,200 has failed to reclaim the 50-day 
average decisively, suggesting that momentum remains weak. Related Reading: A 
Key Bitcoin Signal Is Quietly Building While The Price Stays Flat: Here Is 
What to Watch Next Volume also provides important context. The spike during 
the February sell-off indicates forced liquidations rather than organic 
selling, which typically marks exhaustion. Since then, declining volume during 
consolidation suggests reduced participation, not yet renewed demand. 
Structurally, ETH is forming a base, but not a reversal. A confirmed shift 
would require reclaiming the $2,400–$2,600 region, where the 100-day average 
currently sits. Until then, this remains a recovery attempt within a broader 
downtrend. Featured image from ChatGPT, chart from TradingView.com

Ethereum’s $2.1B Leverage Flush Was Not a Breakdown Signal: Here Is What It Actually Was

The US inflation reading the market has been dreading arrives Friday morning 
when the Bureau of Labor Statistics releases the March Consumer Price Index at 
8:30 AM ET, with economists widely forecasting it will be the hottest monthly 
inflation print…

US Inflation News: Tomorrow’s March CPI Report Is Expected to Be the Worst in Almost Two Years and Here Is What to Watch Before It Drops

Italy&#8217;s outgoing football federation president, Gabriele Gravina, who resigned 
after the national team&#8217;s failure to qualify for the World Cup for the third 
time in a row, has called for repealing the country&#8217;s blanket ban on gambling 
advertising and redirecting betting revenue into youth development, arguing in 
an 11-page report that 2019 restriction has failed […]

Italy Eyes Gambling Sponsorship Return as Football Federation Links Ad Ban to Structural Decline

Bitcoin is back above $70,000 after a bruising first quarter, but there are 
still questions as to whether the asset has already established its cycle low 
or is still moving through a bottoming phase. A technical indicator following 
one interesting Bitcoin metric is presently showing signs that the bottom may 
not yet be in. The Metric With A Perfect Record One Bitcoin metric has always 
predicted every cycle bottom, and what it is saying now is very important for 
its next outlook. This metric is the long-term holder supply in loss, which is 
a measure that tracks how much of the supply held by long-term investors is 
underwater at current prices. Related Reading: Bitcoin Price To $80,000: How 
The February Bullish Trend Can Push It 20% Higher Long-term holders are 
Bitcoin addresses who have held their coins for at least 155 days, and so it 
captures how deeply underwater the most patient cohort of the market has 
become. The numbers, which were noted in an analysis by crypto analyst Ardi, 
show that whenever long-term holders fall into losses in significant numbers, 
it has always occurred near the end of bear markets. These are phases where 
selling pressure decreases as weaker hands exit, and only the most committed 
investors are left. During the 2015 cycle bottom, 53% of long-term holder 
supply was in loss. A similar pattern appeared at the 2018 low, where about 
45% of long-term holdings were in loss. The trend repeated once more during 
the 2022 bottom, with the figure reaching around 44%. b The current long-term 
holder supply in Loss reading sits at approximately 29% and it is climbing. 
That figure is meaningful in two directions simultaneously. On one hand, it 
confirms that conditions are deteriorating and there&#8217;s still a large share of 
holders that would move into loss if prices decline further. Related Reading: 
Bitcoin Just Deviated From The Bearish Trend That Began In January And $86,000 
Could Be Next On the other hand, the reading is still well short of the 44% to 
53% range that has always been certified as genuine cycle floors. According to 
crypto analyst Ardi, this second meaning shows that the Bitcoin price is not 
at the bottom yet but is still building toward the conditions where bottoms 
form. At the time of writing, Bitcoin is trading at $71,127, down by 1.1% in 
the past 24 hours. Its most recent cycle low was recorded just below $63,000 
during the market-wide crash in early February. The leading cryptocurrency is 
still trading around $70,000, which has turned out to be a psychologically 
important area. The broader crypto market sentiment is currently lacking any 
clear bullish momentum, with price action across major assets reflecting 
hesitation. The Crypto Fear and Greed Index sits at a reading of 43, placing 
it firmly in neutral territory. Featured image from Pixabay, chart from 
Tradingview.com

This Bitcoin Metric Has Predicted Every Cycle Bottom, But What Is It Saying Now?

Stablecoin FX rates hit interbank parity in Latin America during Q1 2026, 
while East African corridors compressed pricing gaps by as much as 81%, 
according to the Borderless Benchmark Quarterly Insights: Q1 2026 report. Key 
Takeaways: The Borderless Benchmark Q1 2026 report analyzed 1.15 million rate 
observations across 51 currencies. East Africa’s KES, TZS, and […]

Cryptocurrency price in TWD