Insights
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Bitcoin balances on OTC desks surge by 30,000 BTC in May
Bitcoin’s tumultuous journey from May to June has raised eyebrows, especially with its recent climb past $70,000. However, there’s a…
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Market accumulation drove Bitcoin’s realized profits to all-time high pre-halving
Onchain Highlights DEFINITION: Bitcoin’s entity-adjusted realized profit is the entity-adjusted variant of Realized Profit, which denotes the total profit (in…
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Bitcoin ETFs see $1.4 billion in 2 days amid 17-day inflow streak, tying record
Quick Take According to Farside data, Bitcoin (BTC) exchange-traded funds (ETFs) experienced substantial inflows on June 5, with a notable…
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NVIDIA edges closer to becoming world’s most valuable company
Quick Take On June 5, 2024, the Nasdaq and S&P 500 reached unprecedented heights, closing at 19,035 and 5,354, respectively.…
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Bitcoin mining difficulty sees second negative adjustment following April halving
Quick Take According to Newhedge, Bitcoin’s mining difficulty has decreased by -0.78%. This is the second negative adjustment in the…
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MicroStrategy faces highest institutional net short positions among crypto-related firms
Quick Take Analyzing institutions’ net short positions can reveal crucial insights into market sentiment and potential volatility. For instance, examining…
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US creates 272,000 new jobs in May as Bitcoin falls below $71,000
Bitcoin fell around 2% instantly as US nonfarm payrolls rose 272,000 month over month for May, way above the estimated…
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Bitcoin’s ‘hodled or lost coins’ metric falls to 7.7 million BTC
Onchain Highlights DEFINITION: Lost or HODLed Bitcoins indicate moves of large and old stashes. They are calculated by subtracting Liveliness from…
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Bitcoin accumulation addresses surge as market optimism returns
Onchain Highlights DEFINITION: The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least two…
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Decline in crypto-margined futures signals shift towards stable collateral
Onchain Highlights DEFINITION: The percentage of futures contracts open interest that is margined in the native coin (e.g., BTC) and…
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