Insights
-
Bitcoin mining difficulty is anticipated to drop by 6%, marking one of the most significant declines since the FTX collapse
Quick Take According to Newhedge, Bitcoin mining difficulty is anticipated to adjust negatively by 6% on June 5, marking one…
Read More » -
Bitcoin remains resilient amid DXY’s strength
Quick Take The DXY index, a measure of the US dollar’s value relative to a basket of six major currencies,…
Read More » -
Bitcoin long liquidation dominance hits 70% in June amid 2024 market volatility
On-chain Highlights DEFINITION: The percentage of long liquidations out of all liquidations in a given timeframe, i.e., long liquidations /…
Read More » -
Bitcoin spot volume data shows significant buying pressure pre-halving
Onchain Highlights DEFINITION: Spot Cumulative Volume Delta (CVD) measures the net difference between buying and selling trade volumes, specifically highlighting the…
Read More » -
Bitcoin’s dormant supply rises 3%, echoing past bull run patterns
Onchain Highlights DEFINITION: The percent of circulating supply that has not moved in at least three years. Bitcoin’s percent of…
Read More » -
ETF trading volumes on decline, failing to hit $3 billion since mid-May
Quick Take On July 2, Bitcoin (BTC) exchange-traded funds (ETFs) experienced their first outflow of July, as reported by Farside.…
Read More » -
Odds of Biden dropping out of presidential race surge as high 63% on Polymarket
Quick Take According to crypto prediction platform Polymarket, users are betting on a 55% chance that President Biden will withdraw…
Read More » -
Bitcoin basis trade unwind reflected in shifting futures market and lack of inflows
Bitcoin futures on CME have plummeted by nearly 40,000 BTC from their peak, and the dramatic single-day drop on June…
Read More » -
Bitcoin correlation to S&P 500 goes negative indicating potential bottom
Quick Take Bitcoin (BTC) has often mirrored the S&P 500 (SPX), with periods of positive correlation in the past five…
Read More » -
Low Bitcoin volatility marks potential market maturation amid steady prices
Onchain Highlights DEFINITION: Realized volatility is the standard deviation of returns from the mean return of a market. High values…
Read More »
