TUSD supply spiked ahead of Bitcoin’s $30K rally
Analyzing the correlation between increased TUSD supply and the price of Bitcoin
Read crypto research, data-driven reports, on-chain studies, and analytical deep dives into Bitcoin, Ethereum, and Web3 trends.
An often underrated on-chain metric, Bitcoin liveliness serves as a valuable barometer of market activity and provides insight into hodler behavior.
Short-term holders were responsible for 76% of all Bitcoin deposits in the past week, showing the impact the SEC's lawsuits had on the cohort.
Exploring the impact of SEC lawsuits on Binance and Coinbase as major asset balances shed light on market response.
Long-term hodlers have continued to accumulate Bitcoin into June and remain unfazed by regulatory uncertainty and potential market volatility.
June 3 saw the largest miner transfer to exchanges in four years, with around a third of the volume coming from a single mining pool.
Bitcoin lost only 7.3% on news about the SEC's lawsuits, as $25,300 represented the bottom of a tight trading range.