James Van Straten

Weekly recap of key Bitcoin metrics and the macro factors affecting its price performance, published every Saturday at 8am ET.

Weekly recap of key Bitcoin metrics and the macro factors affecting its price performance in the market, published every Monday at 10:00 a.m. ET.

Weekly recap of key Bitcoin metrics and the macro factors affecting its price performance in the market, published every Monday at 10:00 a.m. ET.

Ethereum’s current rally could be attributed to speculation as traders race to post profits ahead of the upcoming Merge.

USDC is expected to have a bigger market cap than Tether in the coming months due to greater compliance and transparency efforts.

The Poolin Bitcoin mining pool sees a sharp drop in hash rate and block rewards following a freeze on withdrawals due to liquidity problems.

Prior to Feb. 2021, GBTC was trading at a premium of up to 20%. As of Sept. 30, the share price has slipped into the discount area with its current price of $12,508 (priced with a -36.2% discount).

In the seven days, the miners responsible for most of the hash rates were Foundry USA, AntPool, F2Pool, Binance Pool and ViaBTC.

While the spikes we've seen in Bitcoin trading volume might not signify that mass adoption is near, they show that it's beginning to act as a safe haven asset.

Bitcoin whales are holding the asset between the $10,000 to $17,000 range. These whales could sell if the price were to drop to around $17,000.

Short-term Bitcoin holders are now, on average, underwater and losing faith.

With the GBP acting as volatile as low market cap cryptocurrencies, the fact that one Bitcoin still remains one Bitcoin has never been so valid.

Although on-chain Bitcoin metrics suggest the bottom is in, bottoms can take months to reflect a price reversal.

The inflationary pressure on ETH has been steadily dropping since the Merge, but it's still early to tell whether it will eventually create a deflationary supply.

On-chain analysis shows that Ethereum is trying to offset centralization with increased network stability following the Merge.

Analysis of derivatives traders' behavior showed short-term speculation is over, but investors are still willing to go long even though Ethereum is down 20% over the past week.

Overall market sentiment remains bearish, but traders are still willing to go long even on minor signs of price recovery.

The HODL waves metric is a chart that groups Bitcoin supply in circulation into different age bands and the changes in these age bands over the years.

Developer Nicholas Gregory is hopeful that Bitcoin privacy solutions, including Mercury Wallet, can combat the encroachment on personal freedoms.

Every time Bitcoin's price dropped below these MAs, the market was presented with what some analysts call a "generational buy" opportunity.

Ethereum dominance over Bitcoin has been increasing since July 2021, and it reached its peak as the merge closes in.

Bitcoin’s price crashed by over 6% within the last 24 hours to around $20,800.

Options traders are bracing for volatility post-Merge with the expectation of downside risk to follow.

During the current bear market, gas usage has trended downwards for each of the four categories, however, ERC-20 contract gas usage appears to have bottomed.

Ethereum may be a better store of value than Bitcoin according to on-chain data.