๐ Global & Macro: Russia has classified crypto miners as fourth-tier power reliability users, allowing electricity to be cut off at any time without negotiation. This places mining operations at the lowest priority for power supply, reflecting tightening energy policies toward the sector.
๐ฆ RWA & Institutional: No major RWA or institutional developments in this hour.
โก Crypto & Markets: BTC’s chip distribution shifted from a two-peak to a three-peak structure over the past month, with dense trading zones at $78,544.70 and $84,040.19, indicating a gradual upward shift in market cost basis. Meanwhile, 8,005 BTC worth $801M flowed into exchange wallets in 24 hours, with Binance receiving 3,215 BTC and Coinbase Pro 2,934 BTC.
๐ก Key Takeaway: BTC’s cost basis is rising with $84,040 as key resistance, while heavy exchange inflows and Russia’s mining crackdown signal potential selling pressure and regulatory headwinds.