Bitcoin’s illiquid supply surges after market turmoil
"The root problem with conventional currency is all the trust that’s required to make it work"
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
Macro
CPI beats expectations; Bitcoin trading over $30k
CPI YOY came in at 5.0% and Bitcoin reacts positively on the news
Bitcoin
Bitcoin OI jumped by fifth-largest amount in one day, pushed price over $30K
Bitcoin price was able to break the $30,000 resistance as the result of a massive surge in Bitcoin's open interest (OI).
Macro
S&P 500 index, Bitcoin show further signs of decoupling as tech stocks prop up index
Roughly 93% of the 7% increase in the S&P 500 has been driven by seven tech stocks in 2023
Bitcoin
Binance records increase in Bitcoin holdings amid declining trend in exchange balances
Binance reported significant influx of over 35,000 BTC onto the exchange in the past 30 days — despite declining trend of exchange balances.
Ethereum
Ethereum validators observe unprecedented consecutive drops in network involvement
The Ethereum (ETH) network has witnessed successive dips in active validators in the lead up to the Shanghai upgrade.
Bitcoin
Bitcoin price soars above 30K amid weak inflation concerns in China
Bitcoin (BTC) short positions begin to crumble — resulting in over $175 million in liquidations within 24 hours.
Bitcoin
CoinJoin volume explodes as investors seemingly opt for privacy
Privacy-conscious investors embrace CoinJoin to shield Bitcoin transactions
Ethereum
Ethereum investors brace for potential selling pressure from Shanghai as unrealized losses reach $5B
As Kraken and Celsius join the fray: more sell pressure looms for Ethereum
Bitcoin
Bitcoin inscriptions cross 1M to reach new record-breaking heights
One millionth inscription achieved in the face of soaring transaction volume
Ethereum
Voluntary exit count surges ahead of Shanghai upgrade on Wednesday
Over 1700 validators leave the exit pool voluntarily - the highest number recorded
Macro
Jobs report fuels speculation of impending interest rate hike
Fed Funds Rate would surpass 5% if FOMC announces 25 basis point rate hike
Bitcoin
Bitcoin trades steady following lower unemployment than expected in jobs data
Bitcoin posts a 0.5% swing capping an already flat performance this week.