Rate cuts are now the expectation as fed balance sheet grows
Markets are signalling rate cuts, as bank funding stress increases
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
Ripple effects, contagion, counterparty risk as banks and crypto stocks slide
Deutsche Bank share price down 15%, European banks tumble, but Bitcoin price continues to hold firm despite volatility.
Bitcoin
Resistance at roughly $28.6k could last a while as long-term holders take profits
Long-term holders are taking profit for the first time since May 2022 — causing potential for a long-drawn resistance at roughly $28.5k.
Bitcoin
A third consecutive positive adjustment for Bitcoin, hash rate hits all-time high
Bitcoin hash rate has hit an all-time high as difficulty adjusts significantly to the upside by a whopping 7%.
Bitcoin
Bitcoin liquidity situation worsening; volatility expected to be enhanced
Order book continues to dwindle as bank contagion enhances illiquid market
Bitcoin
Bitcoin, mempool explodes; not Ordinals driven
Investors are opting for privacy when it comes to Bitcoin as unspent capacity surges
Stablecoins
USDT dominance exceeds 60% – fundamentals for stablecoins declining at rapid rates
USDC, DAI, and BUSD are continuing to make new lows as USDT supply continues to increase and dominance exceeds 60%.
Bitcoin
Third biggest outflow of Bitcoin from exchanges this year – driven by whales
Roughly $350 million Bitcoin was withdrawn from exchanges yesterday, in USD terms this was the most this year.
Bitcoin
Bitcoin, DXY suffer the most following FOMC meeting
Bitcoin is now 4% down since Jerome Powell started to discuss economic projections
Bitcoin
Bitcoin is now above the realized price of every year other than 2021
Investors who have bought Bitcoin the past few years are now sitting on profit
Bitcoin
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%.
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%.