Insights
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Bitcoin futures open interest reaches ATH
Bitcoin futures open interest (OI) reached an all-time high of $39.37 billion on July 29. The significant jump from the…
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Over 35k BTC added to exchange balances in 2 weeks
Between July 15 and July 28, the total amount of BTC held on exchange addresses increased significantly, with over 35,000…
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Bitcoin ETFs see $124.1M in inflows as Ethereum struggles with outflows
Quick Take Recent data from Farside showed significant movements in Bitcoin and Ethereum exchange-traded funds (ETFs). Bitcoin ETFs experienced a…
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Bitcoin mining difficulty set for largest increase since October 2022
Quick Take Bitcoin’s network difficulty is anticipated to rise by as much as 11% on July 31 at 8 A.M.,…
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US national debt surpasses $35 trillion
Quick Take According to the US Debt Clock, the US national debt surpassed $35 trillion on July 30. This is…
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Bitcoin transaction fees drop to yearly low
Onchain Highlights DEFINITION: The total amount of fees paid to miners. Issued (minted) coins are not included. The total fees…
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Open interest on cash-margined futures is volatile and tied to spot prices
Onchain Highlights DEFINITION: The total amount of futures contracts open interest that is margined in USD or USD-pegged stablecoins. Stablecoins…
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BlackRock’s Ethereum ETF inflow surpasses its Bitcoin ETF inflow
Quick Take Farside data shows that on July 30, Bitcoin exchange-traded funds (ETFs) experienced an $18.3 million outflow, marking the…
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Bank of Japan’s rate hike hits highest since 2008, Metaplanet shares drop 22%
Quick Take As reported by Trading Economics, the Bank of Japan (BoJ) has raised its interest rate to 0.25%, up…
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Magnificent 7 market cap drops $2.6 trillion in 20 days, while Bitcoin rises
Quick Take According to the Kobeissi Letter, the “Magnificent Seven” tech stocks—comprising Apple, Microsoft, NVIDIA, Google, Amazon, Tesla, and Meta—have…
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