Strong Dollar Mounts to Global Recession Concerns

$BTC 24 Hour High $19,370 / Low $18,680 | $BTC +2.3% Past 24 hours; -1.4% Past 7 days

Crypto markets rebound overnight once again led by Ethereum. GBTC was trading at a 35% discount last Friday, the largest disparity on record. Interpol issued a red notice for Do Kwon, yet he tweeted overnight that he is “making zero effort to hide”.

Equities, Commodities & Macro 

S&P 500 was trading at the lowest since Dec 2020. Asia markets are looking to follow. Pound continues to weaken to a record low, while the Yuan is approaching the lowest level in 14 years. 


Digital Assets Market

  • Total crypto market capitalization stands at $981B, +1.8% from yesterday
  • $BTC is +0.51% at time of writing; 24H liquidations and funding rates: 20.72M, 0.01911%
  • $ETH is +0.53% at time of writing; 24H liquidations and funding rates: 20.83M, 0.024362%
  • Stablecoins market dominance: USDT 45.15%; USDC 32.71%; BUSD 13.64%; DAI 4.29%

Alts and DeFi watch

  • DeFi TVL: $54.85B (+0.01% over last 24 hours)
  • $SOL +5.4% in the last 24 hours, +4.5% in the past week
  • $SHIB +1.1% in the last 24 hours, +1.8% in the past week
  • $ADA +0.6% in the last 24 hours, -1.0% in the past week
  • $ENJ +3.2% in the last 24 hours, -2.9% in the past week

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OSL Trader View is contributed by Hans-Stefan von Haenisch, Ethan Fu, Tiffany Wee, Melvin Gallu, Keith Hwam & Kevin Lee.

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