Bitcoin (BTC) edging higher as nearly 100,000 coins are locked in DeFi

Bitcoin (BTC) price is trading over 5% higher this week as the buyers attempt to secure a weekly close above $11,200. Separately, the recent data shows that over $1 billion worth of Bitcoin (nearly 100,000) are now tokenized over decentralized finance protocols on Ethereum.  Fundamental analysis: DeFi trend winning over The latest data from DeFi metrics provider, Defi Pulse, shows that around 98,300 BTC has been tokenized through protocols apart from Blockstream’s Lightning Network, amounting to over 12% of DeFi’s $8.57 billion combined capitalization. Over half of the BTC amount has moved in the last 30 days.   This data indicates