OVERVIEW

Bitcoin’s Momentum Gauges Just Broke History 🤯

Before we dive in, here’s today’s crypto market heatmap:

Source: finviz

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

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TECHNICAL ANALYSIS
Well, That Is Certainly A New Low 😱

$BTC ( ▼ 4.27% ) ’s monthly Composite Index hit a new all-time low on the monthly chart last month – and it’s on track to do it again this month. 📉

And I want to stress that this kind of a big deal – a very big deal. I don’t mean like big deal like OMG THE END IS NIGH I mean big deal as in, wow, this is kind of cool from a technical analysis perspective.

And when I say cool, I mean cool like a mortician, crime scene investigator, or grim reaper might find the technical workings of their job cool. Anyway.

BTCUSD Monthly Chart – Click to enlarge.

The Composite Index

Developed by late great Connie Brown, the Composite Index was built to fix a core flaw in the RSI: the RSI is bounded between 0 and 100, which means it can mask a deteriorating trend behind a floor that looks permanent.

The Composite Index is unbounded. No ceiling, no floor. It can register extremes RSI simply can’t show, and on monthly timeframes it functions as a structural read on the underlying momentum architecture of a market.

Also, it catches divergences the RSI can’t.

The prior all-time low on Bitcoin’s monthly Composite Index was -8.84, set in July 2022 – the structural floor of the 2022 bear market, when BTC hit the $17,000s and the full damage from Luna and Three Arrows was priced in.

February 2026 closed at -13.19. Already a new all-time low.

As of March 27, 2026: -18.21.

That’s more than twice as negative as the reading that marked the deepest fear of the prior cycle. 🤔

The DPO Confirms It

The Detrended Price Oscillator strips trend out of price entirely, measuring how far Bitcoin sits from its trend-adjusted baseline. The prior all-time low was -28,224 in June 2022.

Current March 2026 reading: -40,919.

That’s a 45% deeper deviation from trend than the worst month of the 2022 collapse produced.

What They’re Saying

Two unbounded indicators. Both with prior all-time lows at the 2022 structural bottom. Both now printing readings materially worse than anything that bottom required.

The bearish interpretation is straightforward: momentum this negative, on the highest timeframe, could mean something is more broken this cycle than last.

The contrarian read is the one the data supports historically. The 2022 Composite Index extreme didn’t lead more downside – it ended the move. Monthly momentum compressions of this magnitude have preceded violent reversals, because the coil is proportional to the compression.

What makes the setup notable: price has not made a new, structurally important low. The Composite Index has. That’s a textbook bullish divergence structure – the indicator registers an extreme that price doesn’t confirm. The DPO extension tells the same story differently: the gap between price and trend is wider than it has ever been, and markets do, eventually, revert to some form of equilibrium.

The data doesn’t control timing. But it has cast its vote – and it’s the loudest vote it’s ever cast. 🔊

NEWS
The UK Had A Busy Week With Crypto 💂‍♂️

Britain came at crypto from two directions this week. 📆

On Wednesday, Prime Minister Keir Starmer announced a moratorium on cryptocurrency donations to political parties, framing it as a defense of democracy against foreign interference.

The move lands hardest on Reform UK – Nigel Farage’s party and one of the few in Britain actively accepting crypto. Reform lawmakers walked out of Commons after the announcement. Deputy leader Richard Tice called crypto “a perfectly legitimate” financial tool on his way out the door. The ban still needs parliamentary approva.

Then yesterday (Thursday), Britain did something no one would complain about (except the scammers): sanctioned the operators of Cambodia’s largest fraud compound and Xinbi, a Chinese-language crypto marketplace linked to stolen personal data and fraud networks.

Several London properties tied to the scheme – including a £9 million penthouse near Westminster – were frozen. 👍️

NEWS
GameStop Is Doing With Bitcoin What Retail Has Been Doing for Years – Just At A VERY Different Scale ⚖️

Borrowing against crypto or lending it out for yield isn’t new. Retail traders have been doing it for years – posting BTC as collateral for loans, earning yield through lending platforms, selling covered calls on their stack to generate income between price moves. 🎫

It’s become a normal part of how people manage a crypto position. GameStop just did the same thing with $500 million and 4,709 Bitcoin.

The company pledged nearly its entire BTC stack to $COIN ( ▼ 7.06% ) , sold covered calls with strikes between $105,000–$110,000 expiring this month, collected the premiums, and watched accounting rules remove those coins from their balance sheet entirely. What’s left is a receivable. They technically own 1 coin outright.

Retail does this to squeeze income out of a position. GameStop did it with a treasury. It’s basically yield farming with a treasury position. 🤑

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

💰 Yearn’s yvUSD Runs a Leveraged Stablecoin Position Automatically So You Don’t Have to Babysit It

The tokenized-looper builds a leveraged Morpho position in a single atomic flashloan – either it hits target leverage or the transaction reverts, no broken half-states. MORPHO rewards get claimed, sold, and re-deployed back into the leveraged position automatically every time the keeper calls report(), meaning rewards compound at the leverage ratio instead of sitting unclaimed in a Merkl contract going nowhere. Rebalancing only fires when leverage drifts outside the buffer band AND gas is below 200 gwei AND enough time has passed. yearn.finance.

💳 MultiversX Connected to Stripe’s Machine Payments Protocol So AI Agents Can Pay for API Resources in One HTTP Trip

MultiversX natively supports MPP – the Stripe-backed standard where an agent requests a resource, gets a 402 payment challenge, pays, and receives the response in a single round trip with no checkout flows or API key management. Three implementations ship: tagged transfers for one-shot payments, an on-chain escrow with off-chain vouchers for high-frequency micropayments that only touch the chain at settlement, and gasless relayed execution for agents without native EGLD. MultiversX.

🤖 EigenCloud Launched AgentKit So Developers Can Deploy Agents That Hold Money, Publish Content, and Pay Their Own Bills

EigenCloud AgentKit is a developer toolkit for sovereign agents – TEE-backed execution, onchain USDC wallets, social media credentials, automatic compute and inference payments, and a verifiability dashboard that proves the agent is running the code it claims to be running. The first template is media agents; Sovra, a sovereign AI cartoonist, already generates content, auctions it, manages its treasury, and covers its own overhead with no operator involved. CLI scaffolding, Twitter and Substack integration, inference gateway, all in one kit. EigenLayer.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

📊 Orca Added Automated Vaults

Orca launched Vaults – automated yield strategies powered by Kamino – inside the same platform where 126,000 active LPs generated $165M in fees in 2025. It’s the first Orca product built for people who want stablecoin yield without the overhead of managing tick ranges, monitoring out-of-range positions, and rebalancing over the weekend while price does something inconvenient. Active LP positions and Vault holdings both show in the same Portfolio view. One platform, full spectrum – from “I want to optimize every basis point” to “I want yield and I want to think about it never.” Orca.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🏎️ McLaren Racing Joined Hedera Council and Is Already Dropping Free NFTs at Formula 1 Races

🏎️ McLaren Is Handing Out Free NFTs at Grand Prix Weekends and Calling It Web3 Onboarding

McLaren Racing joined Hedera Council with full governance voting rights – equal seat at the table alongside global enterprises, not a sponsorship badge. The first activation is free-to-mint digital collectibles dropping at Formula 1 race weekends throughout the season – Australian GP already live, China done, Japan next. It’s motorsport fans discovering Web3 and Hedera community discovering motorsport, which is a cleaner two-sided funnel than most “partnerships” in this space ever produce. Hedera.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending News 🏦

🏗️ Bitpanda Is Building a Fully Managed OP Stack Chain for European Banks

Vision Chain is a purpose-built L2 for European institutional finance – 200ms blocks, OP Succinct ZK proofs targeting same-day L1 withdrawals, MiCA-compliant Euro stablecoins as gas tokens, and fully managed by OP Enterprise so Bitpanda never runs infrastructure. European financial institutions have been stuck choosing between permissioned ledgers with no interoperability and public chains without the regulatory architecture they need. Retail distribution through Bitpanda’s 7M users comes later. Optimism.

NEWS IN THREE SENTENCES
Protocol News 🏦

🎂 Celo’s First Year as an Ethereum L2: 840K Peak Daily Active Users, 99.8% Lower Security Costs, and a Long List of People Who Called It Dead

One year post-migration from L1 to OP Stack L2, Celo is the #1 Ethereum L2 by daily active users – 840K peak, 14M MiniPay wallets across 66 countries, $65.9B in stablecoin volume in 2025. USD₮ gas payments now account for nearly half of all transaction fees, which means fee abstraction isn’t just a design principle anymore, it’s the actual behavior. The Jovian Hardfork ships next week. Opera’s proposed 160M CELO allocation puts 50M browser users within reach of the ecosystem. Celo.

📦 Filecoin Onchain Cloud Is Live on Mainnet

Filecoin Onchain Cloud mainnet ships with two-copy replication by default, PDP proofs verifying data onchain every 24 hours, and automatic payment halts if proofs stop. Every storage provider runs against a 95%+ success threshold, sub-1% fault rate, and 95%+ retrieval success – miss any of those and you’re removed. Storage starts at $2.50 per TiB per month per copy. Built specifically for autonomous agents that need verifiable, programmable storage without centralized accounts or humans approving anything. Filecoin.

STOCKTWITS
Latest Stocktwits Podcasts & Videos 😱

The Latest Cryptotwits Podcast – DeFi Hacks, MEV “Sandwich Tax,” and Why CME Wants 24/7 Futures

The Howard Lindzon Show – Truth Social Moves Markets + Why Young Traders Think the Market’s Rigged

Talking Tickers – AI Spending vs Layoffs: META Debate, ServiceNow Value Case, and HIMS Risk/Reward

Boardroom Exclusives – Emergent BioSolutions CEO Joe Papa on the Turnaround, Narcan, and Global Growth

StocktwitsTV – After the IPO: Swarmer CEO Explains the Moat, Data Flywheel, and Backlog

True Odds Podcast – Big Ten to Win It All? Conference Winner Market + Sweet 16 Picks

LINKS
Links That Don’t Suck 🔗

📉 Bitcoin Falls Below $66,000 – Wipes Out $500 Million In Crypto Bets Amid Oil Surge, Hormuz Tensions

🛢️ Guggenheim CIO Reportedly Warns Oil Shock Could Drag US Stocks By 10% – S&P 500 Eyes 5th Weekly Loss

👋 David Sacks Steps Away From White House Crypto Role – Leaving CLARITY Act, Bitcoin Reserve In Limbo

💸 Arthur Hayes Says Quantitative Easing Is ‘Almost There’ As MOVE Index Flashes Stress Amid U.S.-Iran War

Get In Touch 📬

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Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLC, IMX, XTZ, NEAR, HBAR, ALGO, INJ, LTC, LINK, ZEC, XLM, and FET. 📋