Veteran investor Doug Casey says the escalating Iran conflict poses a deeper political threat than financial turmoil, with far-reaching consequences for markets, oil, and global stability. Markets Face Deeper Risks From Geopolitics Than Economics, Casey Says Doug Casey, author of Crisis Investing, told The David Lin Report this week that the current geopolitical environment is […]
Crypto markets – and the American people – deserve clarity
For more than a decade, American investors and innovators have operated under a cloud of uncertainty about when crypto assets implicate the federal securities laws. Markets function best when everybody understands the rules. Yet, for too long, financial regulators have responded to good-faith regulatory inquiries with silence, raised barriers to entry, and ad-hoc enforcement actions that only deepened the industry’s confusion.
The Securities and Exchange Commission is taking an important step to reverse that prior approach.
The Commission has released a landmark interpretation that finally provides clear guidelines. We establish a straightforward taxonomy of crypto assets — most of which are not securities — and clarify how the Supreme Court’s Howey test applies when a crypto asset is part of an investment contract
This action builds a bridge to the historic and much-needed bipartisan market structure legislation moving through Congress. Only Congress can rewrite the law, and we stand ready to work with CFTC Chairman Michael Selig to implement the CLARITY Act. In the meantime, we are providing the responsible regulatory approach that markets demand.
Our interpretation — grounded in existing law and informed by extensive public input — establishes four categories of crypto assets that are not securities: digital commodities, digital collectibles, digital tools and payment stablecoins under the GENIUS Act.
Only one class remains within the federal securities laws: digital securities, the tokenized versions of conventional securities like stocks and bonds. This distinction returns the Commission to its core mission — and its statutory authority — by protecting investors involved in securities transactions.
A workable framework, however, requires more than a taxonomy. It also must clarify how the Howey test applies to crypto. While it is clear what a stock is, the statute does not define “investment contract,” so its definition is based on a Supreme Court test.
At its core, the Howey test defines an investment contract as an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the essential managerial or entrepreneurial efforts of others. Early-stage blockchain projects sometimes sell tokens in a capital raising transaction tied to the development of software, a protocol, or a network. When teams make explicit promises that lead purchasers to rely on the team’s continued efforts with an expectation of profit, the transaction constitutes an investment contract.
Equally important, our interpretation explains how and when an investment contract ends, freeing the crypto asset from securities-law obligations. The key is clear disclosure: project teams must set out the representations or promises they are making so investors understand the rights they are buying.
As a project evolves, once the team’s promised efforts have been completed or resolved, purchasers no longer expect profits from those essential managerial efforts, and the investment contract terminates. In other words, Howey reliance must stem from clear and unambiguous promises the project team intends to undertake.
The SEC’s role is to provide merit-neutral clarity, not dictate how teams design their projects.
By providing this guidance as Congress finalizes legislation, we ensure that crypto asset innovation can take root and thrive here at home immediately. Clear rules also allow regulators to focus enforcement resources where they belong: combatting fraud and protecting market integrity within the limits of our statutory authority.
For generations, America’s capital markets have been the world’s most dynamic and trusted. A crucial ingredient of that success is our regulatory system’s ability to embrace new technologies without sacrificing strong investor protections.
The emergence of blockchain networks and crypto assets is another opportunity to strike that balance.
Crypto markets — and the millions of Americans who participate in them — deserve long-overdue clarity. Under President Trump’s leadership, we are well on our way.
DeFi risk management giant Gauntlet sees $380 million exit as OKX crypto campaign ends
Gauntlet, one of decentralized finance’s (DeFi) leading providers for risk management tools, has seen its total value locked (TVL), a measure of the assets deposited across its vaults, fall sharply over the past seven days, dropping 22.84% to $1.325 billion.
That has erased roughly $380 million in dollar-denominated value from a week-ago peak of approximately $1.72 billion, according to DeFiLlama data. The decline accelerated Thursday with a single-day slide of 7.57%.
The primary driver, according to Gauntlet, was the conclusion of OKX’s pre-deposit campaign on the DeFi-focused blockchain, Katana. Pre-deposit campaigns — where users are incentivized to park capital ahead of a protocol launch — can produce sharp TVL spikes that unwind quickly once the campaign ends or if a token airdrop occurs. The chart bears this out: Gauntlet’s TVL surged sharply around March 2 before reversing just as steeply.
The asset outflows are predominantly stablecoin-based, Gauntlet noted.
The scale of the move is notable given what Gauntlet actually does. Think of it as a risk management consultancy for DeFi — the firm helps protocols understand, for example, what percentage of a borrower’s collateral would be at risk of liquidation if ETH fell 30% overnight. It doesn’t hold funds itself; instead, it sets the parameters that govern how lending markets and vaults behave.
Its TVL is a measure of the capital held within systems that Gauntlet is responsible for safeguarding. When that number falls sharply, it can reflect either market stress or, as in this case, the mechanical end of an incentive program.
Gauntlet, which received a $1 billion valuation in 2022, currently manages three vaults — essentially pooled deposit accounts where users lock up capital in exchange for a yield. The vaults hold USDC, BTC, and WETH, respectively. The USDC vault is the most liquid, offering an APY of 4.86%, while the others offer between 2% and 2.3%. The outflows could also reflect DeFi traders rotating capital to higher-yielding alternatives — SOL-based protocols like Jito, for example, currently offer 5.69%.
Gauntlet has navigated large capital swings before. In October 2025, its USDT vaults absorbed a $775 million single-transaction deposit — a 40x TVL increase — and recovered to pre-deposit levels within ten days through active reallocation and new collateral market additions. The firm framed this week’s outflows in similar terms, noting that incentive campaign endings, token generation events, and shifts in market conditions regularly produce short-period swings in either direction.
“Institutional risk managers manage through these events,” the firm said in a statement to CoinDesk. “Working to maintain rates, preserve capital supplied to vaults, and adjusting to market conditions.”
Oliver Knight contributed reporting to this story.
Read more: Tokenized Apollo Credit Fund Makes DeFi Debut With Levered-Yield Strategy by Securitize, Gauntlet
European Central Bank Advances Digital Euro Plans With Focus on ATMs and Security
The European Central Bank is advancing its digital euro initiative by forming two specialized workstreams, G5 and B1. The ECB is encouraging collaboration with private-sector experts to create an attractive and functional digital currency across the euro area. Establishing Technical and Operational Rulebooks The European Central Bank (ECB) has taken another step toward the realization […]
EXCLUSIVE: “Leaning In and Stepping Up” – Radha Suvarna, Finastra in ‘The Paytech Magazine’
Finastra’s annual State Of The Nation report on the challenges facing financial institutions and their technology responses to them, highlights just how much the instant payment revolution is driving adoption of AI
When one of the world’s leading fintechs concludes that decisions made by financial institutions in the next 11 to 18 months will shape their competitiveness for the rest of the decade, it pays to take notice. Finastra’s State Of The Nation 2026 report based its observation on a survey of more than 1,500 banking and FI executives across 11 countries, including the US and the UK.
It revealed that AI, modernisation, security, and customer experience are no longer being viewed as separate initiatives. Instead, they are converging into a single operating reality where execution, resilience and trust matter just as much as innovation. Nowhere is this more apparent than in payments. That’s no surprise, says Radha Suvarna, Finastra’s Chief Product Officer for Payments.
“Payments is in the front line of customer experience and trust, more than any other area of financial services, because we’re all interacting with payments every day,” he says.
What is new, however, and what the report identified, is that confluence of priorities – execution, resilience and trust – and how AI is being leveraged across all of them.
Suvarna’s advice?
“Progress is not about being the biggest or the fastest, but about being the most dependable”
“Lean in and figure out your strategy. Craft a story that is very customised to your specific organisation. That’s the key. Think about what’s going to deliver most value to your customers in the near term. That could be delivering a particular use case, modernising a set of capabilities, or improving the user experience.”
Whatever their specific roadmap, Suvarna cautions against banks and FIs going on the journey alone.
“Whether it’s a bank or whether it’s Finastra, if everyone tries to do everything by themselves, no one’s going to be successful,” he says. “And it’ll take you away from the core mission of your organisation. If the core mission of my organisation, as an example, is to deliver payment hubs and financial messaging solutions that work all the time, I may not have any business building fraud detection models. Just because I can doesn’t mean I should. The same applies to every organisation.
“So, figure out what your core mission is, focus on that, and partner with ecosystem players, because that will help you be nimble, experiment and fail fast. Banks and financial institutions need to keep that in mind, especially in times like this, where the change is happening fast and furious.”
Finastra’s Top 5 Ways To Lean On Partners To Future-proof
1. Accelerate Modernisation
“Ninety-six per cent of the people we surveyed said they are actively pursuing AI and modernisation within their organisations, either implementing something or working on implementing something,” says Suvarna. “Experimentation is the key theme that we have seen this year,” he continues, “but banks can do that only when they have modern technology platforms that make it easier to experiment and fail fast.”
Here, though, many feel they face a dilemma: partnerships speed up innovation, but in-house builds ensure data sovereignty, even if that comes at a much higher cost in expertise and infrastructure. The report proffers a pragmatic solution:
“For leaders who are cautious about over‑reliance on external providers, the most resilient path forward is not choosing one model over the other but blending both,” it says. “Leveraging partnerships to accelerate innovation while retaining in‑house builds for areas where control, compliance, and data integrity are paramount.”
This is the first survey where AI and modernisation are equally top of mind for business leaders, points out Suvarna. While AI can deliver powerful customer experience in some cases, it is also driving internal change. “And that’s mutually reinforcing, multiplying the ability to deliver the end customer experience, because now banks can experiment with new solutions faster, thanks to AI coding and testing agents,” says Suvarna.
“It’s going to take longer initially to test some of these AI use cases. That’s always going to be the case with anything new. But stay with it because the exponential growth of efficiencies that you will see subsequently is likely to deliver real value.”
2. Close the skills gap
Forty-three per cent of financial institutions surveyed by Finastra for the report said that a talent and skills gap is stopping them from modernising. So, its second recommendation relates to accessing specialised talent in AI, Cloud and security, where shortages are most acute. Suvarna highlights how the dramatic growth in demand for immediate payments has highlighted the necessity for FIs to have the right staff working on the right technology.
“Instant payments are growing, and, as a result, regulators are expecting banks to make their systems resilient and always on. In order for them to deliver that, the payment models, be it fraud detection or sanctions screening, have to become much faster,” he says. “You don’t have the luxury of a wire transfer that can sit for two hours while someone is going through a repair. The transaction has to happen within seconds, and it’s humanly impossible for somebody to go and fix it in that timeframe.”
“Experimentation is the key theme that we have seen this year. But banks can do that only when they have modern technology platforms that make it easier to experiment and fail fast
That’s forcing adoption of AI as a co-pilot and redefining the role of operations staff. Across the sector, the recruitment challenge is particularly acute in Singapore (54 per cent), the UAE (51 per cent), and Japan and the US (50 per cent). And within the sector, hedge funds face the largest shortages, says the report. So what’s the solution?
Here again, partnerships with providers are seen as key. Fifty-four per cent of organisations surveyed believed this was the fastest way to add new technology capabilities and mitigate internal gaps, allowing them to ‘access innovation without bearing the full burden of talent’.
3. Streamline integration
The best way for institutions to go about streamlining integration, according to the report, is by adopting modular APIs and interoperable platforms. That allows them to modernise discrete areas of the business where value can be felt fast.
“Modernise a set of capabilities, whether it’s user experience or the intermediate interface layer, if that’s what is going to deliver most value to the customers in the near term, versus going all the way to the back end and modernising the underlying systems,” says Suvarna.“Put some points on the board in terms of the value of modernisation and then progressively go on the journey.”
4. Strengthen compliance
Almost half of the institutions surveyed cited constantly evolving risks and AI deployment itself as their two biggest security concerns. As a result, four in 10 were prioritising investment in security. Finastra suggests they reframe it as an investment not only in risk but also in
competitiveness.
“Leaders need to think about security not just as an insurance policy but also as a growth strategy,” the report says. Suvarna cites the use of AI for fraud detection and sanction screening as examples of where technology dollars in auditable workflows and embedded reporting not only minimise regulatory risk, but also improve customer experience, driving better results for banks.
5. Balance sovereignty concerns
Finastra is aware that this is an acute issue for banks. But it can be achieved by establishing governance frameworks that maintain control while benefitting from external innovation, it says.
“We have to absolutely retain, if not enhance, security and trust within payments,” stresses Suvarna. “No matter what the better customer experience might be, new technology and capabilities can’t be at the expense of that. That is absolute table stakes.”
The key takeaway from the State Of The Nation report?
“Progress is not about being the biggest or the fastest, but about being the most dependable. Firms that build responsibility into every decision will not only earn trust, but they will also define what competitiveness looks like in the age of AI.
This article was published in The Paytech Magazine Issue #18, Page 32-33
The post EXCLUSIVE: “Leaning In and Stepping Up” – Radha Suvarna, Finastra in ‘The Paytech Magazine’ appeared first on FF News | Fintech Finance.
Coinbase’s (COIN) asset manager bring its bitcoin (BTC) yield fund onchain with Apex
Exchange giant Coinbase’s (COIN) asset management arm is bringing its bitcoin yield fund onchain, creating a tokenized share class of the fund with $3.5 trillion fund administrator Apex Group.
The Coinbase Bitcoin Yield Fund, managed by Coinbase Asset Management (CBAM), will be available to investors on the Base network, Coinbase’s blockchain built on Ethereum. Apex remains the transfer agent, keeping records aligned with the fund’s net asset value.
The launch comes as global asset managers are looking at tokenization as the next frontier in how capital markets evolve, making bonds, equites and funds tradable on blockchain rails. Firms including BlackRock (BLK), Fidelity and Franklin Templeton have introduced tokenized funds in recent years, aiming to speed up settlement times, cut costs and open new distribution channels.
Brett Tejpaul, head of Coinbase Institutional, said the company’s asset management business already has a lot of institutional capital allocated, with many investors holding core positions in bitcoin and ether.
“Incrementally, we’re getting new capital coming to the space that wants the ability to get compounded returns, so their bet isn’t just on the appreciation of bitcoin, but while they’re waiting for it to rise in price, they’re earning yield along the way,” he told CoinDesk.
“The bitcoin yield fund allows them to do that by virtue of doing things like selling call options or participating in lending arrangements.”
Tokenized assets are potentially a multiple-trillion-dollar market, with estimates ranging from McKinsey’s projection of $2 trillion by 2030 to BCG and Ripple’s $18.9 trillion target by 2033.
Apex, a significant player in the fund service business supporting $3.5 trillion in assets, is increasingly leaning into tokenization as well. It acquired Tokeny last year, a specialist that facilitated the tokenization of over $32 billion in assets. Apex also said it plans to tokenize $100 billion in funds using the T-REX Ledger by June 2027 to manage ownership and compliance across multiple blockchains.
In the case of the Coinbase Bitcoin Yield Fund, the tokenized share class uses the ERC-3643 token standard, which encodes investor checks directly into the token. Only approved investors can hold or transfer the asset, with identity tied to each wallet through a dedicated onboarding process.
The setup replaces manual compliance checks with automated rules. If a wallet is not cleared, the transaction fails. That could reduce friction in how institutional investors access and move fund positions.
The fund is available to non-U.S. investors, but CBAM said it plans to create a tokenized share class of the fund’s U.S.-version as well.
Despite A 47% Price Drop, Bitcoin Traders Aren’t Selling
Bitcoin faced a dramatic market correction in early 2026, plunging 46% from its $126,000 all-time high and briefly dipping below $61,000 on February 6.
The drop erased over $1 trillion in market value and prompted headlines warning of a defining crypto moment. Social media feeds filled with reactions, yet most holders remained on the sidelines.
A survey by Oobit of 1,006 American Bitcoin holders and sentiment analysis of 117,630 posts across 10 major crypto subreddits reveals that fear did not translate into widespread selling.
Anxiety and hope dominated emotional responses, with 39% of holders reporting anxiety and 38% hope.
Despite the turbulence, 69% of respondents had neither sold their holdings nor planned to, demonstrating what the community often calls “diamond hands.” Only 8% were classified as true panic sellers.
Among anxious holders, 72% still intended to hold, and 64% of fearful holders expressed the same.
Overall, 75% would maintain their positions even if prices continued to fall. The survey indicates that fear and hope often coexist: 86% of respondents reported experiencing both emotions while holding their Bitcoin, according to the survey.
A Bitcoin recovering is coming
Investors are also anticipating a recovery. Two-thirds of holders (66%) expect Bitcoin to reach a new all-time high, with the median 12-month price forecast at $75,000.
Expectations varied across demographics: Gen Z participants were most bullish at 70%, compared with 60% of baby boomers. High-income holders ($100,000+) predicted a median price of $80,000, while those earning less than $100,000 forecasted $72,000.
Market behavior during the downturn also included opportunistic buying. Roughly 25% of holders purchased Bitcoin during the dip, with younger and higher-income investors more active in buying.
Reddit sentiment mirrored the survey’s findings. Across 117,630 posts, positive sentiment outweighed negative nearly 2-to-1.
Bitcoin prices recovered faster than sentiment. By February 12, the market had rebounded to $66,221, though online sentiment trailed, reflecting ongoing emotional processing among holders.
The data suggests that investors react on conviction as much as price, with sentiment volatility roughly one-third that of price volatility during the downturn.
At the time of writing, Bitcoin is trading at $70,400 after briefly trading above $75,000 this week.
Yesterday, Bitcoin fell below $70,000, trading near $69,500, as rising energy prices and a firm Federal Reserve stance strengthened the dollar and weighed on risk assets.
The drop coincided with Brent crude surpassing $114 per barrel amid Middle East tensions, driving broader market weakness and a roughly 4% decline in Bitcoin over 24 hours.
Thugs slashed crypto worker’s mother with box cutter. Demanded $9m to stop – DL News
- Attackers subjected elderly couple to two-day ordeal, police say.
- Gang reportedly demanded a $9 million ransom from a crypto industry figure.
- Suspects charged with organised crime.
Police in France have charged seven people suspected of carrying out a brutal assault that saw a crypto industry professional’s parents kidnapped and tortured by attackers who filmed the ordeal — and said they wouldn’t stop unless they were paid over $9 million.
The attack, in Haute-Savoie, followed an increasingly familiar and gruesome playbook.
The victims were “bound with heavy-duty tape,” and the attackers “inflicted a head wound” on the man, a retired doctor, officers told French newspaper Le Dauphiné Libéré. They also “cut his wife’s back several times” with a box cutter, police said.
The charges come as police say they are closing the net on gangs of attackers who use violence, kidnapping, and coercion to steal from crypto holders.
While police have had some success in their recent crackdowns, many suspects remain at large as crypto kidnapping cases continue to balloon in France.
Detectives in the affluent town of Versailles are still hunting three men accused of forcing a couple to send them about $1 million worth of Bitcoin at knifepoint. The charges follow the arrest of a teenager in relation to an attack in Saint-Genis-Pouilly, where another crypto influencer’s fathers was doused with petrol.
Two-day ordeal
The Haute-Savoie case began on January 14, when a gang of masked individuals burst into the retired couple’s house in a small, unnamed hamlet near Sallanches.
The gang reportedly abducted the duo and drove them to an unknown location. Their target was their son, who police said works in the crypto industry.
The attackers filmed themselves attacking the elderly couple, and threatened more violence if their son did not pay a $9.2 million ransom.
Police did not say if the couple’s son paid this ransom. But on January 16, the attackers released the couple near Montélimar, in the Drôme region.
The National Prosecutor’s Office’s organised crime department told Le Dauphiné Libéré the group of arrestees included six men and one woman.
All suspects are being held in custody, a spokesperson said.
They all face charges of criminal conspiracy, organised crime, money laundering, and extortion.
Police said the case remains active as detectives continue their search for possible accomplices.
Tim Alper is a News Correspondent at DL News. Got a tip? Email him at tdalper@dlnews.com.
7 Key Responsibilities in Managing Shared Residential Properties
Living and cooperating in a community with shared spaces requires high skills of coordination so that all residents can experience a functional place to live. A professional manager is the communication channel between individual unit owners and the operational needs of the complex. This article looks at the seven most important things that will keep a shared residential property functional and operational.
Maintaining the Fabric of the Building
The most obvious responsibility is ensuring that the physical structure and all shared facilities are kept in excellent condition throughout the year. Expect the manager to organise regular cleaning, garden maintenance, and repairs for common areas like the lobby and car parks. If a pipe bursts in a shared wall or the roof begins to leak, it is the manager’s job to find a qualified tradesperson to fix the issue quickly.
Handling the Financial Affairs of the Owners Corporation
Managing the money for a large residential complex is a massive job that involves collecting levies, paying bills, and keeping accurate records for all owners. Every dollar spent must be accounted for to ensure transparency and to meet the legal requirements of the owners’ corporation’s financial reporting. When the finances are handled correctly, there is enough money in the bank to handle emergencies.
Navigating the Complexities of Insurance and Safety
Shared buildings are required by law to have types of insurance to protect the owners from financial loss. You should trust your manager to find the best policy that offers the right level of protection for the specific needs and risks of your building. This legal and safety oversight provides a vital shield for the owners, making sure the building is compliant with current government regulations at all times.
Enforcing the Model Rules and By-laws
To keep life peaceful in a shared building, there must be a clear set of rules that everyone agrees to. Look to the manager, like the strata management Melbourne experts, for instance, to communicate these rules clearly to all residents and to step in when someone is causing a disturbance. By acting as a neutral third party, the manager can resolve disputes without the owners needing to get into arguments.
Managing Extensive Record Keeping and Documentation
A well-run building produces a lot of paperwork, including meeting minutes or correspondence between owners. You will find that having a professional manager ensures that all these documents are stored safely and can be accessed easily whenever they are needed for a sale or a legal check. Good records are essential for proving that the building has been managed properly and ethically over many years.
Coordinating Regular Meetings and Communication
Effective management relies on clear and open communication between the owners’ corporation committee and the people who live in the units. Expect your manager to organise and chair the Annual General Meeting, where owners get to vote on important decisions. When communication is strong, misunderstandings are avoided, and the community can move forward with a shared vision.
Strategic Planning for Future Asset Improvements
A building is a long-term investment that needs to evolve to stay modern and attractive to future buyers and tenants. You can work with your manager to create a maintenance plan that looks ten or even fifteen years into the future to prepare for big tasks like lift upgrades or painting. That’s why planning for the future is the best way to ensure that your home remains a top-tier asset for many decades.
The Value of Professional Oversight
The responsibilities involved in managing a shared residential property are varied and require a high level of expertise in law, finance, and building maintenance. Remember that a well-managed property provides a much better lifestyle for the residents and a safer investment for the owners in the long term. When every responsibility is met with care, the community thrives and stays strong for years to come.
Bitcoin Rally to $76K Shows Strength but Lacks Confirmation
Bitcoin’s (BTC) rally to $76,000 revived market optimism for investors, but onchain data suggested that the move may still be part of an early-stage recovery defined by frequent periods of price volatility.
According to Glassnode, BTC price has entered a relatively “open” zone between $72,000 and $82,000, where there’s less resistance.
This range is particularly defined by the UTXO Realized Price Distribution (URPD), which highlights where the investors accumulated their coins. This means BTC may move more freely in the short term within this range, if the momentum holds.
Glassnode explained that a more reliable signal lies in whether the broader market is returning to profitability. The share of Bitcoin supply in profit has climbed back to around 60%, which is a level often seen during the early stages of a recovery. Glassnode added,
“A sustained push above 75% would carry considerably more weight as a confirmation of early bull market conditions, whereas continued rejection near current levels would reinforce the bear market recovery narrative.”
Another key factor is how the market handles the current sell pressure. As Bitcoin climbed above $74,000, the short-term holders began realizing profits at an accelerated pace, with realized gains reaching $18.4 million per hour.
This mirrors behavior seen in earlier failed rallies, where investors sold into strength, capping the upside momentum. If Bitcoin can absorb this wave of profit-taking and maintain support above $70,000, it increases the chance for a rally into the $78,000 to $82,000 range.
Related: Bitcoin tests old 2021 top as gold falls to six-week lows under $4.7K
Trend indicator remains in “bear” market territory
From a technical standpoint, the broader trend structure still leans toward caution. On the higher time frames (daily and weekly charts), Bitcoin continues to trade within a pattern of lower highs and lower lows, indicating that a bullish market structure has not been established.
For a bullish shift, BTC needs to break above its previous lower high near $97,855 and sustain the price action above that level.
This region also aligns with the Fibonacci “golden zone” between the 0.5 and 0.618 retracement levels, an area tracked by traders as a key decision point during trend reversals.
A clean breakout above this range, followed by consolidation, will suggest a strong demand and increase the likelihood of a long-term rally.
CryptoQuant’s cycle indicator echoes this cautious outlook. The Bitcoin Bull-Bear Cycle indicator remains in bearish territory, improving to -0.72 from -1 earlier this month but still far from confirming a trend reversal.
For a full bull market confirmation, the indicator needs to move above 1, reflecting sustained positive momentum.
An early signal to watch is a move above the bull-bear 365-day moving average, currently at -0.23. This level acts as a long-term trend filter, smoothing out short-term volatility and highlighting whether the market conditions are shifting to bullish or bearish on the higher time frame.
Related: Bitcoin ETF inflow streak snaps with $164M outflows amid BTC dip
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.