Bitcoin and Ethereum regained key levels, surpassing $71,000 and $72,000 respectively, with Ethereum up by 7%, leading to liquidation of $117 million in short positions.
Total Value Locked (TVL) in DeFi applications hit $105 billion, mainly driven by Ethereum's dominance accounting for over 50% and staking protocol Lido's growth.
Increased user flows towards DeFi applications, particularly staking and lending, are seen ahead of the Bitcoin halving event, hinting at hopes for further market gains.
Bitcoin spot ETFs saw net outflows of over $223 million, while Grayscale Bitcoin Trust (GBTC) recorded significant outflows exceeding $303 million.
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