Second-largest exchange balance Bitcoin drop of 2023
Approximately 20,000 Bitcoin were withdrawn from exchange platforms
James Van Straten 1 min read Insights
Data-led research on the narratives, flows, and on-chain signals moving crypto markets.
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James Van Straten 1 min read Latest insights
Bitcoin
Record-breaking Texas power demand amid largest Bitcoin hash rate drawdown of 2023
The Bitcoin network is witnessing its most substantial hash rate drawdown in 2023
Bitcoin
Bitcoin remains mostly steady above $30.5k during weekend trading session
Over the weekend, Bitcoin's price fluctuated between $30,347 and $30,750.
Bitcoin
Bitcoin miners’ aggregate balances continue to grow despite recent flows to exchanges
Moreover, miners' revenue appears to be on the rise due to increased revenue from fees.
Bitcoin
Roughly $90M liquidated in 2hrs as Bitcoin sinks below $30K
Roughly $90 million of liquidations occurred in the past hour on the news that the spot ETFs that have been filed are inadequate
Macro
Reacceleration in core inflation for Europe
Europe facing a tough time as unemployment stays at 25 year lows
Bitcoin
Bitcoin realized price reaches a new peak for the year
Historically, when Bitcoin's value dips below the realized price, it has consistently indicated a market bottom
Bitcoin
Gold slides below $1,900, registers lowest correlation with Bitcoin in 2023
The economic landscape is witnessing notable movements in reaction to the recent report of the U.S. GDP exceeding expectations
Macro
Why the US Q1 GDP came in hot at 2.0%
US Q1 GDP grows at 2.0% annual rate; expected to come in at 1.4%
Bitcoin
Big expiration awaits tomorrow, roughly $7B in notional value for Bitcoin and Ethereum
Approximately $4.8 billion worth of Bitcoin options and $2.3 billion of Ethereum options are poised to expire.
Bitcoin
Bitcoin difficulty experiences 2% dip amid hash rate decrease
The Bitcoin network has experienced a 2% drop in its difficulty adjustment, marking the fourth such decrease in 2023
Bitcoin
Analyzing capital rotation across cycle transitions
The total supply loss incurred by Bitcoin Long-Term Holders (LTHs) is slightly below 4 million.
GBTC
GBTC charges forward, 33% discount marks narrowest gap in over a year
GBTC gains momentum, closes in on NAV