FOMC Verdict: Rates raised by 25bps, FOMC dot plot remains unchanged, Bitcoin stays at $28,500
Jerome Powell raised the fed funds rate by 25bps taking fed funds rate to 4.75 - 5%.
James Van Straten 1 min read Bitcoin Insights
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James Van Straten 1 min read Latest insights
Bitcoin
Bitcoin breaks £23,000 as UK inflation hits double-digits, markets price in 25bps for the BOE
UK CPI YOY breaks double-digits as BTC breaks out past £23,000 and exceeds economic forecasts as rate hike looms.
Bitcoin
Bitcoin options ATM implied volatility exceeds ETH for the first time
The Bitcoin options ATM implied volatility (1 week) indicator has reached 74.8%, surpassing ETH — which is currently at 71.3%.
Bitcoin
Bitcoin’s ongoing rally not derivatives or leverage driven
Funding rates on perpetual futures remain neutral, lack of build-up of OI and leverage ratio across exchanges sits below 3-year average.
Bitcoin
Bitcoin funding rate turns slightly negative as markets awaits Fed interest rate decision
Perpetual funding rate turns negative for the first time since March 14
Bitcoin
Bitcoin Coinbase premium index hits record levels
High premium values indicate US investors buying from Coinbase Pro
Bitcoin
Stablecoins being converted into Bitcoin approach a four-year high
As stablecoins continue to leave exchanges, they are being converted into Bitcoin at one of the fastest rates in years.
Bitcoin
Options open contracts hit new ATH – 468K Bitcoin
The notional value of $13 billion seen in options open contracts is the same value during the 2021 bull run.
Bitcoin
Over 50% of the Bitcoin UTXOs that have been created now sit in profit
A huge wall of support, 30% of all UTXOs now sits between the price levels of $15.5k and $28k
Bitcoin
Bitcoin hits $28,000, as UBS buys Credit Suisse for $3.2B
Updates over the weekend: Gold hits ATH, Bitcoin hits $28,000, UBS buys Credit Suisse
Bitcoin
Bitcoin open interest drops almost 15% in the past two weeks
Roughly 300,000 Bitcoin has been unwound in Open Interest (OI) contracts since the peak back in October 2022.
Bitcoin
Stealth QE: Feds balance sheet grows $300B, Bitcoin breaks $26,000
Fed balance sheet grows by $300 billion as fed discount window borrowing hits-all time high and BTC breaks $26,000.
Bitcoin
Bitcoin as an indicator for global liquidity, balance sheet growth
Global balance sheets as a total have increased year-to-date, which includes China, Japan, Europe and US