Insights
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Bitcoin flips multiple moving averages, faces key resistance levels at $25k
Quick Take Bitcoin has reclaimed over $24,500 and has flipped multiple-day moving averages in the process. The 60 DMA is…
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Short-term holder cost basis has been below long-term holder cost basis for 146 days
Definition Realized Price reflects the aggregate price when each coin was last spent on-chain. Using Short- and Long-Term Holder (STH,…
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BTC mining stocks surge as Bitcoin breaks $25k
Quick Take So far, 2023 has been a great year for Bitcoin miners as the hash rate and price has…
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Bitcoin loses $24k – as 15k coins go back onto exchanges, profits get realized
Quick Take Bitcoin broke below $24,000 on Feb. 17, as coins returned to exchanges while short-term holders realized large amounts…
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Bitcoin drawdowns vs other assets – Amazon with the largest drawdown of 95%
Quick Take Bitcoin (BTC) is currently experiencing a drawdown of 69% from its all-time high. The collapse of FTX brought…
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Bitcoin breaks $24k – correlation seen with traditional assets trending downwards YTD
Quick Take Bitcoin was strongly correlated to traditional assets during 2022 due to uncertainty in the unprecedented speed of rate…
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Bitcoin is now above the realized price on all major exchanges
Definition We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate…
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Nail in the coffin for 2023 rate cut hopes in light of January inflation report
Quick Take The change in expectations from the market of the future fed policy during February has been significant. The…
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In the past two bear markets, Bitcoin has used the realized price by year as support
Definition We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate…
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Supply Last Active 2+ years ago hits over 50% of the circulating supply
Definition As investors accumulate and store (or lose) coins for longer periods, we can categorize them based on how long…
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