Short-term holders are now increasingly holding onto their Bitcoin, potentially setting the stage for a new market dynamic.
As 75% of supply turns profitable, echoes of previous mid-cycle patterns emerge.
Unraveling the decoupling of Bitcoin and the S&P 500 from net liquidity and its potential impact on market dynamics.
Mixed results from the Federal Reserve's bank stress test are in line with the increased shorting of U.S. regional banks. CryptoSlate explores the effects this could have on Bitcoin.
CryptoSlate's latest market report dives deep into the nickel crisis that began in March 2022, to analyze the overlooked crisis' effect on the crypto market.
Bitcoin's correlation with gold reached its yearly low on June 30, suggesting a decoupling from other assets.
June brought on a significant increase in stablecoin buying power on exchanges, indicating there could be an increase in buying pressure on the market amid large Bitcoin and Ethereum outflows.
A small drop from the all-time high on June 22, when miners sent an equivalent of 315% of their daily mining revenue to exchanges.
June 27 marks the longest streak ever recorded of Bitcoin withdrawals from exchanges outpacing deposits to exchanges.
Only 11.71% of Bitcoin's supply is currently held on exchanges.
Bitcoin has maintained the $30,000 level throughout the weekend, putting 86.24% of UTXOs in profit. However, the decreasing 50-day SMA suggests that despite the recent surge in Bitcoin's price, the overall profitability of UTXOs has been on a downward trend over the past two months.
CryptoSlate's latest market report dives deep into the concept of yield convergence and its potential effect on Bitcoin.
