• bitcoinBitcoin (BTC) $ 103,604.00
  • ethereumEthereum (ETH) $ 3,546.16
  • tetherTether (USDT) $ 0.999817
  • xrpXRP (XRP) $ 2.50
  • bnbBNB (BNB) $ 967.04
  • solanaWrapped SOL (SOL) $ 155.94
  • usd-coinUSDC (USDC) $ 0.999703
  • staked-etherLido Staked Ether (STETH) $ 3,541.75
  • tronTRON (TRX) $ 0.299111
  • dogecoinDogecoin (DOGE) $ 0.176055

Market Maker Flowdesk Says Crypto Credit Is Finding a Fragile Balance

DeFi lenders are deleveraging but not retreating, with borrowing demand for majors like SOL and BTC staying firm and yields compressing across Maple and JitoSOL.

🔗 Source

💡 DMK Insight

DeFi lenders are tightening their belts, but demand for BTC and SOL remains surprisingly strong. With BTC at $102,559 and SOL at $160.88, the ongoing deleveraging in the DeFi space indicates a shift in risk appetite among lenders. While yields are compressing on platforms like Maple and JitoSOL, the sustained borrowing demand for major assets suggests that traders are still looking for opportunities. This could signal a potential consolidation phase for BTC and SOL, where traders might want to watch for breakout patterns. If BTC can hold above $100,000, it may attract more institutional interest, while SOL’s performance will hinge on its ability to maintain support around $150. However, it’s worth noting that this resilience in borrowing could mask underlying risks. If market sentiment shifts or if liquidity tightens further, we could see a rapid reversal. Keep an eye on the broader market indicators and any shifts in DeFi lending rates, as these could provide early signals of a trend change.

📮 Takeaway

Watch BTC’s ability to hold above $100,000 and SOL’s support around $150 for potential trading opportunities in this resilient DeFi environment.

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