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
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
ECB Rate hike verdict is 50bps, Bitcoin stands firm just below $25k
ECB raised the deposit facility rate from 2.5% to 3%
Bitcoin
Self-custody surge: 70K Bitcoin have been sent to self-custody since the collapse of SVB
Bitcoin investors demand greater control with surge in self-custody withdrawals as significant BTC volume leaves markets.
Macro
Bailout, bailout bailout! Further backstops and liquidity for Credit Suisse as all roads lead to Bitcoin
Credit Suisse borrowing up to 50 billion CHF from Swiss National Bank bailout as Credit Suisse shares plummeted over 20%.
Stablecoins
Less than $30B of stablecoins now sit on exchanges, wiping out all of 2022’s gains
Stablecoins on exchanges have seen a $15B drawdown in the past 4 months
Bitcoin
ETH/BTC continues to break down, while almost $1B of Bitcoin flows back onto exchanges
Contagion from banking sector is seeing risk-on assets suffer today
Macro
Gold is pricing in global financial distress, while oil prices in recession
Gold reflects financial uncertainty, while oil predicts economic downturn
Bitcoin
US PPI lower than expected across the board, Bitcoin touches $25k
Bitcoin broke $25,000, while Gold broke $1920 on lower than expected PPI data
Bitcoin
Bitcoin proving to be an independent player in European market turmoil
Bitcoin has a revealed negative correlation with the turmoil currently hitting the largest European stock markets.
Bitcoin
Credit Suisse sparks de-risking as EU, US equities markets sink – Bitcoin steady above $24,500
U.S equities futures are seeing red as equities markets fall en masse — Dow Jones pre market down 480 points.
Macro
After US banks fail, contagion heads to European banks – banks halted on exchange
Another day, another substantial leg lower in Credit Suisse share price as contagion spreads to European banks.
Bitcoin
Bitcoin breaks multiple key resistance levels on path to $26K
Bitcoin has broken through the 365-DMA, 200-WMA and LTH realized price indicators on it's surge to $26,000.
Bitcoin
Welcome to the 2020’s – its going to be full of volatility
All volatility index's have hit structurally higher points across multiple indicators including VIX, Move index and BVOL.