Year: 2024

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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Over $320M in liquidations in the past 24 hours, as Bitcoin loses $20k support

Quick Take Due to the fallout of SIlvergate Capital and possible further contagion in the bank and financial sector. As…

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Bitcoin whales are the first cohort to start accumulating below $20k

Definition This metric breaks down the Accumulation Trend Score into the relative behaviour by various entity wallet cohorts. The relative strength of…

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Is SVB to big to fail? Will it get rescued? Bill Ackman already calling for bail-outs

Quick Take A short timeline on what has happened to Silicon Valley Bank (SVB) and whether there is more contagion…

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Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps

Quick Take +311k jobs created vs. estimate of +205k. 3.6% unemployment rate vs. an estimate of 3.4% Bitcoin broke $20,000…

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Banks halted on exchanges, Silicon Valley Bank now closed by California regulators

Quick Take Signature bank halted after dropping a record 22%, while 30% down in the past five days. Other banks…

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Bitcoin long-term holders capitulate at levels seen during FTX collapse

Quick Take Bitcoin long-term holders (LTHs) are defined as investors who have held Bitcoin for longer than six months and…

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Something banks cannot do: Clear on weekends as BTC transactions hit record numbers

Definition The total number of transactions waiting in the mempool in different size (vByte) cohorts. Quick Take The number of…

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