Diversitas

1. Market Overview

The “Trump Pump” is in full swing. Prediction markets now place the odds of a Bitcoin strategic reserve at around 70% as he mentioned Bitcoin in yesterday’s speech. While it’s unclear exactly how things will unfold, the flurry of rumors is overwhelmingly bullish, suggesting a new era for crypto may be just around the corner🤔

In a nod to these developments, Bitcoin miner MARA recently mined the “Trump 47” block—a historic marker on the Bitcoin blockchain to commemorate the inauguration of President-Elect Donald Trump, the first U.S. President openly aligned with Bitcoin👀

The stage is set—grab some popcorn and enjoy the show!🍿

P.S. The weekly candle close looks extremely bullish for $BTC as well as altcoins

2. ETF Flows

With bullish catalysts on the horizon, ETF inflows climbed higher this week👀

• $BTC ETFs Weekly Flow: +$1,86 billion🤑
• $ETH ETFs Weekly Flow: +$212 million💸

3. On-Chain Data

• Coinbase Premium: Negative🤔(looks like Binance is driving this rally)
• Exchange Reserves: Reached new lows ✅
• MVRV Ratio: 2.49 (Cycle Top Above 3.7) ✅
• Net Unrealized Profit/Loss (NUPL): 59 (Cycle Top Above 75) ✅
• Open Interest: Moderate 👌
• Funding Rates: Moderate 👌
• CMC Fear and Greed Index: 58 (Neutral)✅

Bitcoin’s market value spiked to $105,970 during a bullish Friday, characterized by widespread crypto gains. Notably, the number of wallets holding 100+ BTC climbed to 17,799 just before this one-month high, indicating ongoing accumulation. As accumulation continues, so does the expectation for further price rallies📈

4. Top Weekly News

Coinbase Prime sees notable uptick in OTC bitcoin trading by institutional investors

https://www.theblock.co/post/335358/coinbase-prime-sees-notable-uptick-in-otc-bitcoin-trading-by-institutional-investors-cryptoquant

Trump plans executive order to make crypto a 'national priority

https://www.theblock.co/post/335456/the-daily-trump-plans-executive-order-to-make-crypto-a-national-priority-xrp-market-cap-approaches-200-billion-and-more

Bitcoin miner MARA Holdings immortalizes portrait of Trump as block art

https://www.theblock.co/post/335451/bitcoin-miner-mara-holdings-immortalizes-portrait-of-trump-as-block-art

Donald Trump's memecoin rallies to $13.5 billion market cap, cracking top 20 coins

https://www.theblock.co/post/335602/donald-trumps-memecoin-rallies-to-13-5-billion-market-cap-cracking-top-20-coins

Coinbase launches Bitcoin-backed onchain loans via DeFi protocol Morpho

https://www.theblock.co/post/335007/coinbase-bitcoin-backed-onchain-loans-morpho

Trump receptive to include US-based coins in ‘America-first’ crypto reserve: NYP

https://www.theblock.co/post/335017/trump-america-first-strategic-reserve-usdc-sol-xrp

Vitalik Buterin details 'large changes' to Ethereum Foundation leadership amid calls for new leadership

https://www.theblock.co/post/335575/vitalik-buterin-details-large-changes-to-ethereum-foundation-leadership-amid-calls-for-new-leadership?utm_source=twitter&utm_medium=social

5. Summary

The cycle is unfolding much like its predecessors. According to the Root 4-Year $BTC Cycle Matrix, we’ve entered the most bullish quadrant/year—where the real magic tends to happen. Meanwhile, altcoins are beginning to outperform $BTC on the way up, mirroring previous cycles. It appears this time won’t be different; in fact, larger capital inflows from institutions could amplify the effect. Still, the overall cycle dynamics should follow a similar path to what we saw in 2017 and 2021👀