Year: 2024

Market braces for rate cuts as Fed’s Quantitative Tightening slows

Quick Take FRED shows that the Federal Reserve’s balance sheet continues to experience gradual quantitative tightening (QT), with a negligible…

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Bitcoin’s cumulative transaction volume hits $125 trillion milestone

Quick Take As of Aug. 8, the cumulative sum of on-chain transaction volume for Bitcoin has hit an impressive $125…

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Bitcoin’s MVRV Z-Score suggests undervaluation

Onchain Highlights DEFINITION:The MVRV Z-Score evaluates whether BTC is overvalued or undervalued relative to its “fair value”. Instead of using…

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Rising age bands in Bitcoin supply suggest reduction in market liquidity

Onchain Highlights DEFINITION: This chart displays an overlay of multiple Supply Last Active variants, each shown as a percentage of…

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Bitcoin’s Spent Output Profit Ratio shows volatility amid post-halving corrections

Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by…

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Harris widens lead to Trump in Polymarket betting odds as election heats up

Quick Take Kamala Harris has surged ahead in Polymarket’s betting odds for the upcoming US Presidential election, marking a significant…

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Bitcoin dips below $60,000 in historically challenging 33rd week

Quick Take Bitcoin began the week with a dip below $60,000, continuing a trend observed in the 33rd week of…

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Bitcoin’s maturity reflected in declining volatility trends

Quick Take Bitcoin, often dubbed “digital gold,” shares some characteristics with the precious metal, though the two are perceived differently…

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Bitcoin’s Puell Multiple struggles to recover post-April halving decline

Onchain Highlights DEFINITION:The Puell Multiple is calculated by dividing the daily issuance value of bitcoins (in USD) by the 365-day…

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Halving cycles amplify significance of Bitcoin transaction fees

Onchain Highlights DEFINITION: The percentage of miner revenue derived from fees, i.e., fees divided by fees plus minted coins. Historically,…

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