0
0
Daily Brief

5 Bearish Onchain Stats

Citizen Brief: gm, economists are increasingly betting on recession. Today, we dig into five charts that have us feeling antsy.
0
0
Apr 17, 2025 • 2 min read
5 Bearish Onchain Stats
Published on April 17, 2025
View in Browser

Sponsor: Uphold — Buy, swap & hold 300+ crypto. Capital at risk.

Learn more
.  .  .
NEED TO KNOW
EigenLayer's Big Moment
  1. 🤺 EigenLayer Finally Goes Live with ‘Slashing’ Feature. A year after launch, the restaking protocol is rolling out the key security feature.
  2. 💰 a16z Wants SEC to Allow Registered Investment Advisors to Self-Custody Crypto. The storied venture firm wants the SEC to change the rules for how RIAs engage with crypto assets.
  3. 🚔 Crypto Casino Founder Arrested After Gambling Investor Funds. The former Galaxy executive now faces securities fraud charges after allegedly gambling away investor funding.
📸
Daily Market Snapshot: Trump set himself on a collision course with the Federal Reserve after Chair Jerome Powell indicated he wasn't in any hurry to cut interest rates before the impacts of tariffs became clearer (a statement that sent stock markets dumping Thursday).
Prices as of 7pm ET 24hr 7d
Crypto $2.67T ↗ 0.7% ↗ 5.1%
BTC $84,763 ↗ 0.4% ↗ 6.5%
ETH $1,580 ↘ 0.5% ↗ 3.8%
.  .  .
CHEAT SHEET
Risk-to-Earn

Every Thursday, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇

Become a Citizen
.  .  .
PLAY OF THE WEEK
5 Bearish Onchain Charts
Bankless Analyst: Jack Inabinet

Crypto prices have underwhelmed since Trump's much-hyped inauguration, and now the stock market is joining in on the malaise.

There is an increasing number of macro charts floating around on Twitter that sell the story of an impending bear market, but after several months of crypto price depression, there's a lot of noteworthy onchain data here too.

Today, we’re discussing five crypto indicators that are showcasing trouble ahead 👇

Unlock the Alpha
FRIEND & SPONSOR: UPHOLD

Explore +300 assets on Uphold. Trade, swap & hold — all in one place. In the US? Earn rewards, including rewards on stablecoins, exclusive insights, and early token access—just by staying active. Terms apply. Don’t invest unless you’re prepared to lose all the money you invest.

Learn more

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.