Bitcoin exchange deposits decline, mimicking 2019’s bearish trend
Bitcoin withdrawals have been greater than deposits since the FTX collapse, however the gap is closing
James Van Straten 1 min read Insights
Data-led research on the narratives, flows, and on-chain signals moving crypto markets.
CryptoSlate Insights has been discontinued. Visit News for the latest crypto news and market coverage.
James Van Straten 1 min read Latest insights
Bitcoin
Bitcoin holds firm on strong economic data, while Powell testifies to House discussing CBDC
Strong economic data sees 50bps back on the table for the fed, Bitcoin holds firm and GBTC discount narrows
Bitcoin
Investors adopt risk-off approach as Bitcoin futures OI plummets to YTD low
There is less than 400k Bitcoin allocated in futures open contracts and 30% is crypto-margin heading to all-time lows.
Bitcoin
Third-largest YTD Bitcoin exchange withdrawal driven by whales
Roughly $200M worth of Bitcoin was withdrawn from exchanges on March 7.
GBTC
GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike
GBTC discount sees improvement, narrows to roughly -40%, up roughly 9% today
Bitcoin
Retail investors’ habits vary between exchanges when it comes to Bitcoin
Kraken and Gemini see Bitcoin withdrawals by retail users, while Coinbase attracts deposits
Macro
Powell Testimony: DXY breaks 105, BTC down to 22k as support, new peak rate of 5.60% in futures market
Powell "Ultimate Level of Interest Rates Likely to Be Higher Than Previously Anticipated"
GBTC
GBTC bucks trend, surged 4.5% while BTC remains steady ahead of SEC hearing
Pre-positioning or slight bullish sentiment ahead of the opening argument against the SEC
Bitcoin
Bitcoin market sentiment shifts as Asia turns from net buyers to net sellers
Asia's shift in investment strategy puts 'smart money' thesis in doubt for 2023
Bitcoin
Bitcoin network reaches record-breaking hash rate while taproot adoption picks up speed
Positive trend continues: Only a few days of negative hash rate adjustments in 2023
Litecoin
Litecoin maintains its lead over Ethereum as Bitcoin hits 1.1 billion total addresses
In terms of total addresses Litecoin has outperformed Ethereum since May 2021
Bitcoin
The calm before the storm? Bearish sentiment builds as premium for Bitcoin puts increase
Bitcoin Options 25 delta skew suggests investors are hedging with puts since the start of March, but what does it mean?
Bitcoin
Regime change as Bitcoin returns to self-custody
February saw coins return to exchanges, which saw a build-up of open interest and flat price structure