Insights
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JP Morgan points to institutional Bitcoin optimism for resilient market
Quick Take Recent research shared by Matthew Sigel, Head of Digital Assets Research at VanEck, J.P. Morgan, highlighted several reasons…
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Bitcoin addresses in profit hit 100% pre-halving but fell to 80% by August
Onchain Highlights DEFINITION:The percentage of unique addresses whose funds have an average buy price that is lower than the current…
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Bitcoin funding rates showcase market sentiment shifts from 2021 to 2024
Onchain Highlights DEFINITION: The average funding rate (in %) set by exchanges for perpetual futures contracts. When the rate is…
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Bitcoin reclaims $60K amid largest ETF inflow since July 22, led by BlackRock
Quick Take On Aug. 8, Bitcoin surged to reclaim the $60,000 mark, a significant recovery from its low of $49,000…
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Spot-driven rally propels Bitcoin back to over $1 trillion market cap
Quick Take Bitcoin has experienced a significant resurgence, surging approximately 25% from its recent lows of $49,000. The digital asset’s…
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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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