Year: 2024

BTC mining stocks surge as Bitcoin breaks $25k

Quick Take So far, 2023 has been a great year for Bitcoin miners as the hash rate and price has…

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Bitcoin loses $24k – as 15k coins go back onto exchanges, profits get realized

Quick Take Bitcoin broke below $24,000 on Feb. 17, as coins returned to exchanges while short-term holders realized large amounts…

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Bitcoin drawdowns vs other assets – Amazon with the largest drawdown of 95%

Quick Take Bitcoin (BTC) is currently experiencing a drawdown of 69% from its all-time high. The collapse of FTX brought…

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Bitcoin breaks $24k – correlation seen with traditional assets trending downwards YTD

Quick Take Bitcoin was strongly correlated to traditional assets during 2022 due to uncertainty in the unprecedented speed of rate…

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Bitcoin is now above the realized price on all major exchanges

Definition We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate…

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Nail in the coffin for 2023 rate cut hopes in light of January inflation report

Quick Take The change in expectations from the market of the future fed policy during February has been significant. The…

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In the past two bear markets, Bitcoin has used the realized price by year as support

Definition We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate…

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Supply Last Active 2+ years ago hits over 50% of the circulating supply

Definition As investors accumulate and store (or lose) coins for longer periods, we can categorize them based on how long…

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Bitcoin Ordinals’ adoption, utilization, memory usage drop

Quick Take Since introducing Ordinals and inscriptions in January 2023, Bitcoin block space, usage, and transactions have grown exponentially. Last…

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Stablecoin outflows into Bitcoin begin to repeat – behaviour change shifting Bitcoin towards $25k

Definition This chart measures the 30-day change in stablecoin buying power on exchanges. It considers the 30-day change in major…

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