Stablecoins
Research
How short-term holders keep Bitcoin price stable but constrained
Short-term holders have contributed to Bitcoin's stability, as their on-chain cost basis created support at $28,000 while the selling pressure from their exchange deposits kept it from breaking above $30,000.
Analysis
Adjusting Bitcoin’s price for US liquidity reveals key indicator for bull run
Bitcoin's evolving correlation with M1 money supply key to understanding its growing role in the financial system.
Research
Options Put/Call Ratio suggests cautious optimism among traders
The steep decline in the open put/call ratio, coupled with the recovery in the volume ratio indicates a complex market scenario.
Bitcoin
Bitcoin sees the second-highest number of new Inscriptions per day
A total of 400,000 new Ordinal Inscriptions were added to the Bitcoin blockchain on Aug. 7, the second-highest number ever.
Research
Bitcoin perpetual futures funding rate soars in August: Here’s what this means
August saw a sharp upturn in Bitcoin perpetual futures funding rate, highlighting its correlation with Bitcoin price movements.
Research
Growing supply diminishes stablecoin Bitcoin buying power
The Stablecoin Supply Ratio (SSR) has grown notably this year, indicating a diminishing Bitcoin buying power for dollar-pegged coins.
Research
Market back in profit-taking mode despite flat Bitcoin shows key metric
Bitcoin's SOPR just broke through a crucial threshold showing the market has began realizing profits. However, a deeper look at cohorts shows which market participants are driving this spike.
Bitcoin
Bitcoin at $29,200 as unemployment rate drops to 3.5%
The U.S. unemployment rate dropped to 3.5% in July while nonfarm payrolls increased by 187,000, indicating a cool-off in the labor market.
Coinbase sees more revenue from subscriptions, services than fees
Transactional revenue takes a backseat as Coinbase rides the wave of subscriptions and services.
Exchanges
U.S. exchanges are seeing fewer outflows than offshore competitors
Despite the ongoing regulatory pressure on U.S. exchanges, their offshore competitors saw much higher Bitcoin outflows in the past month.
Bitcoin
Options implied volatility drops but market still expects turbulence
A decrease in implied volatility signals more confidence in Bitcoin's stability, but high IV on 6-month options shows the market expects instability ahead.
Ethereum
NFT gas usage on Ethereum reaches 2-year low
Declining gas usage on NFT marketplaces signals a potential shift in the NFT landscape.