James Van Straten

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.

On-chain Bitcoin metrics continue to suggest a market bottom, but it remains to be seen if the current cycle plays out the same as past cycles.

Retail buyers continue to pile into Bitcoin at a greater proportion compared to institutions, professional traders.

Marathon, Hut8, and Riot collected the largest amount of Bitcoin while Bit Digital emerged as the one that increased its mining capability the most.

Bitcoin Options Traders ignore wider macro concerns in the short term, turning further bullish amid the uncertainty.

Ethereum's Shanghai upgrade in March will enable withdrawals from the beacon chain by granting ETH validators the ability to unstake.

FTX's collapse led to market uncertainty and low trust in centralized exchanges, resulting in 3.93 billion stablecoins leaving exchanges since then.

The number of active addresses holding GUSD returned to 2020 levels, while BUSD volume on exchanges shrank by 96% in the last seven months.

Economists predict a slowdown in the pace of rate hikes, but questions linger over a full pivot, keeping pressure on risk assets for now.

According to Glassnode's data, while USDT is the largest stablecoin by market cap, USDC has more transfer volume. 

Bitcoin has endured a turbulent year, including a decline in price and market cap, but its foundations remain solid.

Bitcoin and Ethereum Shrimp and Crab cohorts reveal a stark difference in market trend and sentiment of the top two cryptocurrencies.

Bitcoin and Ethereum Open Interest shows significantly more calls than puts, suggesting traders have flipped bullish.

Bitcoin's annualized 3-month futures basis just came out of deep backwardation. Every time this happened in the past, a price rally occurred within months.

Bitcoin's implied volatility currently stands at a two-year low and shows that the derivatives market sees no major price movements in the near future.

Entities holding 10,000+ Bitcoin continue accumulating to a strong degree going into the new year, having done so since the FTX collapse.

The growing number of Bitcoin UTXOs indicates a healthy network usage that defies the ongoing bear market.

Active addresses indicate that the bear market set in months before BTC and ETH prices attained all-time highs in November 2021.

Implementing token burn has caused Ethereum's average gas fees to fall from around 100-200 Gwei in early 2021 to 15-20 Gwei in December 2022.

Bitcoin's price and market cap have plummeted aggressively over the past year and certain on-chain metrics remain concerning.

CryptoSlate's analysis of the Antminer S9 and the Antminer S17 profitability shows trouble ahead for strained miners.