Year: 2024

Bitcoin continues to follow the liquidity plus the aggregation of central bank balance sheets

Quick Take As the global world faces extreme inflation, central banks try to rein in inflation by decreasing their balance…

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Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected

Quick Take Feb. 24 saw an influx of macro data, which includes the PCE index, personal income, and consumer spending.…

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Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3%

Quick Take Bitcoin is down -3.31% on Feb. 24 due to a hotter than expected PCE data.  Traditional assets are…

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Bitcoin difficulty adjusts 10%, surpassing 180T, a new all-time high

Quick Take Bitcoin difficulty has adjusted by 10% positively, at an all-time high, surpassing 180T. Of the last 42 adjustments…

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Bitcoin old supply has just surpassed 15 million coins – 78% of the circulating supply

Definition This chart presents the BTC supply which is Older than 6m 🟦 This broad cohort of coins tends to swell…

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BUSD has seen 12 billion withdrawn from exchanges in 3 months, USDT, BTC have been net beneficiaries

Quick Take The outflows for BUSD continue, which sees a balance on exchanges of less than 10 billion. The balance…

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Bitcoin re-entering exchanges, Whales dumping Bitcoin due to PCE data

Definition Illiquid supply is defined as the total supply held by illiquid entities, while supply change is a monthly (30d)…

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Bitcoin faces key resistance with 365D-SMA, 200W-SMA at $25k

Definition Yearly Moving Average (365D-SMA) 🔵 The 365-Day Simple Moving Average provides a long-standing baseline for high-time-frame market momentum. The 200…

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Macro Insights: European CPI reaccelerates, when economists expected a slowdown

Quick Take Consumer price inflation came in hot for the E.U. and accelerated in France and Spain. Spanish CPI (Y/Y)…

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Bitcoin bear market bottoms follow this price appreciation trend

Quick Take So far in this cycle, Bitcoin has put a low in November 2022 during the FTX collapse at…

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