DeFi Alpha: eBTC - EtherFi’s New Bitcoin LRT
gm Defiers! Here's today's alpha:
- Market analysis (Higher lows)
- Dispatch from the trenches (Trump DeFi project, EtherVista and more)
- EtherFi eBTC LRT tutorial
Market Analysis
Most major crypto assets managed to hold above their August 5 lows last week, even as bearish sentiment prevailed, with the ‘Fear and Greed’ index indicating ‘Extreme Fear.’
While it’s a promising start, bulls have a lot of work ahead, starting with reclaiming $60,000 on BTC and $2,500 for ETH.
Institutions capitulated last week, with Bitcoin ETFs recording net outflows of over $700 million. According to Coinshares, it was the biggest weekly outflow since March for crypto ETPs.
Unsurprisingly, ETH ETFs continued their losing streak with $90 million of outflows.
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