Key Takeaways:

• BTC and ETH finally come to life after a DeFI lead ‘alt season’
• We explore likely reasons why ETH lead this recent rally
• All holder metrics ranging from growth in whales to decline in weak hands continue trending in the right direction
• Bitcoin holder base is highly favorable for a continued move up as the supply on exchanges is near 12 month lows and the percent of supply unmoved in the past year is at all time high’s.
• Could growth in Open Interest be a precursor of what’s to come or are we in a different environment now?