OSL Daily Update – March 23, 2021

$BTC 24 Hour High $58,422
$BTC 24 Hour Low $53,720
$BTC +1.45% since daily open

The bulls continue their struggle to hold their ground as morning trading kicks off in Asia. $BTC dropped more than 8% once again, with the slide starting from its small consolidation period after dropping 7% over the weekend. A key level (near $53,200) has provided support, with bears sparing further lows and conserving market structure for the time being. All this, surprisingly accompanied with more positive news for the day.

A few of the bullish news for today:

Digital assets market:

  • $BTC up 1.45% on the day, support/resistance – $54,100/$56,360
  • $BTC liquidations and funding: $763.42M, 0.0110% average
  • $ETH up 1.05% on the day, support/resistance – $1,663/$1,745
  • $ETH liquidations and funding: $53.89M, -0.001% average

Alts and DeFi watch:

  • DeFi TVL: $41.9B
  • $TRB broke $60, making it’s second highest high since its peak price of $75 in August 2020.
  • $THETA looking to rally again, reaching high $10s, following a quick 10% dip from its recently minted all-time highs

More news that caught our eye:

Did you miss Michael Saylor, Meltem Demirors, Tim McCourt and all the panelists at the inaugural OSL Capital Introduction Conference?  Get caught up… watch it here.

OSL Trader View is contributed by Santiago Nazaretti and Jose Reyes

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