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Telegram founder Pavel Durov was temporarily allowed to leave France for Dubai. Against this backdrop, the cryptocurrency TON jumped more than 20%. However, the bulls exhausted their strength near $3.6, which coincided with the 50-day moving average. On the other hand, TON erased its gains from last year’s rally early last week. This return to the former resistance level of the past two years has a high chance of being a solid foundation for further gains.
Crypto News
According to SoSoValue, net outflows from spot bitcoin-ETFs rose to $870.4 million last week. Cumulative inflows since the bitcoin-ETF was approved in January 2024 fell to $35.20 billion. Net outflows from ETH-ETFs rose to $143.1 million last week. Cumulative net inflows since the ETF’s launch in July fell to $2.52 billion.
Crypto traders expect Bitcoin to decline further in March, having accumulated positions worth $550 million in put options with a $70,000 strike, according to Amberdata. However, according to Deribit, a derivatives exchange, traders are showing an active build-up of positions in call options with strike prices of $100,000-120,000.
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