Year: 2024

GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike

Quick Take Result of Powell Speaking The US 10-year minus 02 years has reached -100 bps inversion. The forward growth…

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Third-largest YTD Bitcoin exchange withdrawal driven by whales

Definition Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions. Quick Take…

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Investors adopt risk-off approach as Bitcoin futures OI plummets to YTD low

Definition The total amount of funds (USD Value) allocated in open futures contracts. While crypto backed-margin is the percentage of…

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Bitcoin holds firm on strong economic data, while Powell testifies to House discussing CBDC

Quick Take Strong economic data continues to come out of the U.S., which is the opposite of what Powell wants…

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Bitcoin exchange deposits decline, mimicking 2019’s bearish trend

Definition This chart presents the relative dominance of exchange-related deposits and withdrawals with respect to all confirmed transactions. This chart…

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Signature Bank plummets in share price pre-market, after news of Silvergate halting operations

Quick Take As of March 9, Silvergate will halt operations and undergo liquidation. Silvergate saw a 70% drop in deposits…

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Bitcoin memory usage full, number of transactions waiting in the mempool exploding to new highs.

Quick Take Bitcoin memory usage has exceeded 300MB, with a capacity of 545 MB We are currently seeing

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Back to back withdrawals from Bitcoin whales, first Bithumb and now Binance

Definition Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions. Quick Take…

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Ethereum’s NFT gas usage heads towards a two-year low as inscription demand takes over

Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of…

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Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector

Quick Take Bitcoin lost $21,000 as support and is over 5% down today This comes after news of Silvergate halting…

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