Data centers are driving significant growth in the utilities sector, with some 
companies experiencing growth rates as high as 8%. The power consumption of 
data centers is expected to increase dramatically by 2035, necessitating 
careful supply-side planning. Utilities are strategically positioned &#8230;
The post Andy DeVries: Data centers drive utility growth to 8% | Odd Lots appeared first on Crypto Briefing.

Andy DeVries: Data centers drive utility growth to 8% | Odd Lots

David Solomon says he owns “very little” bitcoin, a candid admission that 
places the Goldman Sachs chief personally inside the asset class he once 
treated with caution. Goldman Sachs Boss Discloses Owning ‘Very Little’ 
Bitcoin at the World Liberty Forum in Florida Solomon disclosed his holdings 
Feb. 18 during a panel at the World Liberty […]

Goldman Sachs Chief David Solomon Calls Himself ‘Observer’ as He Reveals Small BTC Investment

A drop in Solana’s dApp revenues, along with limited institutional and retail 
investor interest, adds vulnerability to SOL’s $78 support.

Solana futures data shows panicked bulls: Will $80 SOL hold?

Bitcoin’s “short-term holder stress” metric has fallen to lows not seen since 
2018, suggesting the market has capitulated and possibly bottomed.

Bitcoin bottom signal that preceded 1,900% rally flashes again

XRP’s derivatives markets are still showing signs of bearish pressure, with 
funding rates across major exchanges now in negative territory. According to 
real-time data, funding rates have been predominantly below zero in recent 
trading sessions, with the lowest exchange funding rate recorded around 
-0.0748%. At the same time, open interest has returned to levels associated 
with long-term base zones in previous years. Could this environment lead to a 
turning point, or is further downside still unfolding for XRP&#8217;s price action? 
Bearish Derivatives Positioning Shows In Deeply Negative Funding Real-time 
funding metrics from Coinglass reveal that XRP’s average funding across major 
exchanges has dipped into negative readings, and several crypto exchanges are 
on bearish rates. At the time of writing, the lowest funding observed is at 
-0.0748%, which is a clear indication that short positions are currently 
dominating sentiment. Related Reading: Analyst Reveals What XRP Price Will 
Move Toward In Bid For $4 Negative funding rates mean that perpetual futures 
shorts are paying longs, and bearish bets outweigh bullish ones across 
exchanges. In practice, heavily negative funding can reflect overcrowded short 
exposure. However, this is a condition that sometimes precedes sharp rebounds 
if the price begins to stabilize, as short sellers may eventually be forced to 
cover. Technical analysis posted on the social media platform X by crypto 
analyst Osemka shows that XRP’s aggregated funding rate, weighted by open 
interest, is in deep negative territory on a weekly timeframe. As it stands, 
this metric is now at its lowest level since late 2022, only bested by the 
week of the November 2022 FTX crash. However, the interesting thing is that 
the prolonged period of negative funding back then marked a bottom in 2022. 
Open Interest Returns to Multi-Year Base Levels Open interest has also dropped 
significantly alongside funding in negative levels. The weekly aggregated open 
interest metric is now sitting on levels associated with previous multi-year 
accumulation bases. This base, shown in the chart above, has been acting as 
the base level for open interest since October 2022. Each time open interest 
has revisited this zone since then, it has been followed by a rebound to 
higher levels. Related Reading: Here’s The Mistake Most People Are Making With 
XRP; Pundit Reveals In terms of price action, XRP has been struggling to find 
a sustainable bottom because the wider crypto market is yet to turn bullish. 
As it stands, XRP now needs to hold above two intermediate supports. The first 
of these is around $1.45, where recent daily candles have registered wicks. 
Beneath this lies a larger demand area roughly spanning $1.15 to $1.30. On one 
hand, the negative funding rate points to bearish positioning stress, but 
history shows this has always occurred just before lows. At the time of 
writing, XRP is trading at $1.49, although it recently traded above $1.60 
during the weekly open. A weekly close above $1.50 will be the first step to 
confirming a return to bullish momentum. Featured image from iStock, chart 
from Tradingview.com

Cryptocurrency price in VEF