Ethereum’s staked supply is climbing as ETH consolidates around the $2k area, a setup some traders compare to Bitcoin’s 2020 supply-driven breakout. On-chain figures show the Ethereum Foundation added $93 million in staked ETH, while total staking reached 38.5 million ETH (about 31.67% of circulating supply). Supporters of the thesis argue that if risk-on conditions and large treasury buying return, ETH could shift from consolidation into a faster expansion phase.

Charles Schwab, which manages nearly $12 trillion in client assets, says it plans to launch spot Bitcoin and Ethereum trading this quarter while offering early access via a "Schwab Crypto" waitlist. The move is framed as a step toward bringing crypto into the same brokerage workflow used for stocks and ETFs, potentially amplifying institutional participation. Meanwhile, stablecoin growth continues to underpin DeFi liquidity, with total stablecoin market cap up 3.3% year-to-date and more than $1 billion added this week.

Crypto entered Q2 after a weak Q1, with total market cap down nearly 21% and about $1.5 trillion erased over the past six months. Trump’s weekend post warning of a potentially severe attack on Iran’s infrastructure, alongside oil’s Q1 surge of nearly 70%, is being framed as a catalyst that could amplify volatility and liquidation risk when markets reopen Monday.

Solana (SOL) fell nearly 35% in Q1, but its stablecoin market cap still rose by around 5%, signaling a gap between price performance and on-chain conditions. The network’s total transaction volume has crossed 500 billion, while Solana’s RWA value reached a new all-time high of $2 billion, up more than 40% QoQ. The setup suggests liquidity—particularly USDC supply growth—could play a larger role than price action in driving interest this cycle.

Solana has overtaken Ethereum in all-time unique developers, reaching 10,864—nearly 20% more than ETH—alongside rising on-chain engagement. Over the past 60 days, USD1 supply on Solana increased from $160 million to $850 million while the network saw $200-$300 million in daily stablecoin volume, and analysts say SOL/ETH holding near 0.04 could support a push back toward 0.05 in Q2.

Investors appear to be rotating selectively from Bitcoin into certain altcoins as BTC faces selling pressure and BTC dominance meets resistance at 60%. The Altcoin Season Index is up 10 points this month, while gold rose +4% above $4,550/oz and silver gained +5% past $71/oz, a shift that could cap broader altcoin upside until risk conditions improve.

Bitcoin posted a nearly 25% drawdown in Q1, as macro volatility intensified and markets leaned toward tighter U.S. monetary policy. Rate expectations shifted toward potential hikes into 2027, while sentiment weakened and short-term holders sent about 21,700 BTC to exchanges in the past 24 hours at a loss. The mix of falling risk appetite and muted institutional demand is raising questions about whether the pullback is turning into a broader bearish phase.

Bitcoin [BTC] fell more than 6% over a volatile 48 hours and broke below the $70,000 support level, retracing toward early-March prices. Long liquidations stayed contained at under $120 million, while a newly created wallet withdrew 2,650 BTC ($179.6 million) from Binance and short-term holder inflows to Binance declined to 25,000 BTC from roughly 100K BTC in early February.

Ethereum (ETH) fell 5% on March 26 and failed to retake $2.2k, putting renewed pressure on the $2k level as liquidations and staking exits rose. Long liquidations reached about $112 million the next day, while an early holder sold 7,302 ETH at $2,073 and the validator exit queue jumped from 288 to 63k in under a week. Despite the stress, exchange balances hit a 10-year low and net withdrawals included $1.67 billion on March 22, a setup that could support a rebound if selling pressure fades.