Speaker 1: Hey, it's Alex with the Token Metrics daily polls for
Speaker 1: March twelfth, twenty twenty six. Got a lot to cover
Speaker 1: today and honestly, the vibe in the market is shifting
Speaker 1: in a way that's pretty fascinating. Grab your coffee, let's
Speaker 1: get into it. But first, a quick word from our sponsor. Okay,
Speaker 1: So here's what's happening. So the big headline today is Blackrock.
Speaker 1: They just launched a steaked Ethereum ETF and look, this
Speaker 1: is a major deal. It's the first yield bearing crypto
Speaker 1: fund from the world's biggest asset manager. It basically changes
Speaker 1: the whole pitch for institutions. It's no longer just do
Speaker 1: you want to own ethereum, it's why would you own
Speaker 1: it without getting those staking rewards. It's putting every other
Speaker 1: fund manager on the clock to catch up. Meanwhile, the
Speaker 1: meme coin Factory Pump dot fund just hit a billion
Speaker 1: dollars in revenue and they're hinting at going crosschain to
Speaker 1: base and monad. But there's a catch. Bitcoin Future's volume
Speaker 1: on binance is now five times larger than Spot. That's
Speaker 1: a lot of leverage, and historically that's when things can
Speaker 1: get well messy. Now here's where it gets interesting. The
Speaker 1: actual numbers. Bitcoin is holding steady above seventy thousand, about
Speaker 1: seventy four hundred to be precise. It's up a bit,
Speaker 1: but Ethereum is actually outperforming it today, sitting around twenty
Speaker 1: one hundred. Solana is also catching a bid, up a
Speaker 1: few percent to around eighty seven dollars. Overall, the total
Speaker 1: market cap is sitting at nearly two and a half trillion.
Speaker 1: Bitcoin dominance is still high around fifty seven percent, so
Speaker 1: it's still the main driver. But we're seeing some serious
Speaker 1: heat in the niches. Data availability tokens are up over
Speaker 1: twenty five percent this week, and AI tokens jumped about
Speaker 1: seventeen percent. People are definitely starting to take more risk again. Okay,
Speaker 1: so let's talk about the leverage for a second. That
Speaker 1: five to one ratio on binance, that's the uncomfortable math
Speaker 1: when futures dwarf spot like that. The price is being
Speaker 1: driven by bets, not people actually buying the asset. It's
Speaker 1: a tower built on a very narrow base. And speaking
Speaker 1: of leverage, Michael Sailor's company strategy is at it again.
Speaker 1: They bought another seven thousand bitcoin using preferred stock. It's
Speaker 1: a brilliant playbook when the market goes up, but it's
Speaker 1: not a free lunch. They have to pay yield on
Speaker 1: that debt. And if Bitcoin ever drops hard, well, they're
Speaker 1: part of the wave that could crash. On a brighter note,
Speaker 1: perpetual dxs are absolutely exploding. Hyper Liquid now has nearly
Speaker 1: two billion dollars in total value locked on its own chain.
Speaker 1: It's proof that the pros are moving away from centralized
Speaker 1: exchanges and doing their heavy trading on chain. It's actually
Speaker 1: a pretty massive structural shift. Oh and for the ETF fans,
Speaker 1: Grayscale just launched an avalanche staking ETF on the Nasdaq.
Speaker 1: The yield bearing trend is officially a category now. All right,
Speaker 1: before we get into the risks, quick word from our sponsor. Okay,
Speaker 1: we're back. Let's talk about what to watch for. So
Speaker 1: what should you actually be worried about. Well, that leverage
Speaker 1: is the big one. We're one bad candle away from
Speaker 1: a cascade of liquidations because everyone is crowded into the
Speaker 1: same long trades. Also, keep an eye on the news
Speaker 1: around Binance. They're in a legal spat with the journal
Speaker 1: over reports of a DOJ probe. If that escalates. The
Speaker 1: exchange with the most leverage becomes a systemic risk overnight.
Speaker 1: It's a low probability but a very high impact if
Speaker 1: it happens. And honestly, seeing alt coin's rally while bitcoin
Speaker 1: dominance stays this high, it's a bit unstable. Usually you
Speaker 1: want to see one or the other, not both fighting
Speaker 1: for air and looking ahead. Watch the next seven days.
Speaker 1: If we see Fidelity or Vanack file for their own
Speaker 1: stake to Ethereum Funds, then this isn't just a black
Speaker 1: rock story, It's a market wide rotation. Also, keep an
Speaker 1: ear out for pump dot Fund's official launch date on base.
Speaker 1: If that happens, the retail liquidity on Coinbas's layer two
Speaker 1: is going to go absolutely nuts. Prediction markets are giving
Speaker 1: bitcoin about a forty percent chance of hitting one hundred
Speaker 1: k by the end of the year, so the market
Speaker 1: is optimistic but definitely not certain. Well that's the pulse
Speaker 1: for today. If you got something out of this, send
Speaker 1: it to a friend who's into crypto. That's the best
Speaker 1: way to support us. This is educational content, not investment advice.
Speaker 1: Always do your own research. I'm Alex, See you next time.