Dwindling order book depth raises liquidity concerns in crypto markets
Order book depth in the crypto market is even lower than during the collapse of FTX.
James Van Straten 1 min read Bitcoin Insights
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James Van Straten 1 min read Latest insights
Bitcoin
Short-term Bitcoin holder profit exceeds 70%; similar trend seen after each bear market bottom
Short-term holder supply in profit is at its highest level since April 2022, just before the Luna collapse
Bitcoin
Bitcoin 24-hour supply is at levels seen in previous bear markets
Realized cap HODL waves suggests 24 hour holders have less than 1% of the Bitcoin supply which hasn't been seen since the depths of previous bear markets
Bitcoin
BTC and ETH liquidations drop considerably in February
January 2023 brought massive volatility to ETH market, with 740 million ETH liquidated.
Bitcoin
Bitcoin bear market bottoms follow this price appreciation trend
After Bitcoin bear market bottoms, we tend to see a month of drastic price appreciation followed by a month or period of consolidation. As February draws to a close, Bitcoin is up 1%, after appreciating 40% in January
Bitcoin
Bitcoin faces key resistance with 365D-SMA, 200W-SMA at $25k
Technical pricing models of the 365D-SMA and 200W-SMA are both priced at $25k for Bitcoin which is currently a key resistance
Bitcoin
Bitcoin re-entering exchanges, Whales dumping Bitcoin due to PCE data
Bitcoin illiquid supply change falls since the FTX collapse — indicating re-entry onto exchanges while realizing profits.
Bitcoin
Bitcoin old supply has just surpassed 15 million coins – 78% of the circulating supply
A higher high has been shown to occur after each cycle — as long-term holders continue to hold on through volatile cycles.
Bitcoin
Bitcoin difficulty adjusts 10%, surpassing 180T, a new all-time high
Bitcoin difficulty adjusts positively for the third time in 2023, with two double-digit positive adjustments.
Bitcoin
Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3%
Wall Street is now pricing in another 25 bps hike, in addition to the 50 BPS remaining, taking fed funds rate to 5.25-5.50
Bitcoin
Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected
Bitcoin holds steady as PCE data comes in hotter than expected. While 30% chance of a 50 bps rate hike from the fed.
Macro
Bitcoin continues to follow the liquidity plus the aggregation of central bank balance sheets
Japan and China central bank balance sheets continue to expand and offset the quantitative tightening by Europe, UK and US.
Bitcoin
Futures OI exceeds 500K Bitcoin – volatility, liquidations increase as a result
Futures open interest ramps up in the past month alongside the continuation of long liquidations — put pressure on price.