Amberdata Digital Asset Snapshot: Negative Funding Persists as BTC Liquidity Stress Builds April payrolls printed at 115K against a 55-65K consensus, unemployment held at 4.3%, the 10-year sits near 4.44%, and Strait of Hormuz tensions keep oil-led inflation pressure live. Energy and freight pass-through is 4-6 weeks from the data, with shipping, aviation, and manufacturing absorbing input cost pressure. Inside crypto, BTC funding extended to 32 negative sessions, and BTC/ETH correlation recoupled to 0.81x, but the squeeze grinding on is not a regime change.
Amberdata Digital Snapshot: BTC Vol Collapse, Positioning Shift, & Market Reset The Fed held rates at 3.50-3.75% with the highest dissent since 1992, the 10-year sits at 4.44%, and Strait of Hormuz re-escalation is pushing oil higher. Q1 GDP missed and April payrolls are projected at 60K against 178K in March, the slowdown landing in growth and labor before services and shipping. Inside crypto, the BTC short squeeze fully delivered with $181M in liquidations, but mechanical position closure is not a regime change.
The $2B Problem: 2025's Security Crisis in Numbers This is Section 12, excerpted from our Amberdata Crypto Market Review 2025 and 2026 Outlook: Six Regimes, One Story. Our full report spans 14 sections - ETF flows, derivatives, on-chain, liquidity, and our complete 2026 outlook. Bybit, Lazarus Group, and the hack timeline that changed everything.