The firm has sold over $150 million worth of stake in COIN since Dec. 5.

Key indicators tracking Bitcoin's blockchain activity, miner flows and the 200-day moving average suggest bitcoin is far from being overvalued and

The Fed's benchmark interest-rate range is currently 5.25% to 5.5%.

Funding rates for major tokens, including BTC, have normalized to below 0.1%, indicating an exit of over leveraged bulls.

Increased interest in the three-dimensional options market suggests an influx of sophisticated traders in the crypto market.

The bull market has been clearly spot-driven, with all major derivatives data relatively flat, one observer said, adding the rally has limited down