Insights
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Bitcoin holds firm on strong economic data, while Powell testifies to House discussing CBDC
Quick Take Strong economic data continues to come out of the U.S., which is the opposite of what Powell wants…
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Bitcoin exchange deposits decline, mimicking 2019’s bearish trend
Definition This chart presents the relative dominance of exchange-related deposits and withdrawals with respect to all confirmed transactions. This chart…
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Signature Bank plummets in share price pre-market, after news of Silvergate halting operations
Quick Take As of March 9, Silvergate will halt operations and undergo liquidation. Silvergate saw a 70% drop in deposits…
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Bitcoin memory usage full, number of transactions waiting in the mempool exploding to new highs.
Quick Take Bitcoin memory usage has exceeded 300MB, with a capacity of 545 MB We are currently seeing
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Back to back withdrawals from Bitcoin whales, first Bithumb and now Binance
Definition Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions. Quick Take…
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Ethereum’s NFT gas usage heads towards a two-year low as inscription demand takes over
Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of…
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Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector
Quick Take Bitcoin lost $21,000 as support and is over 5% down today This comes after news of Silvergate halting…
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Over $320M in liquidations in the past 24 hours, as Bitcoin loses $20k support
Quick Take Due to the fallout of SIlvergate Capital and possible further contagion in the bank and financial sector. As…
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Bitcoin whales are the first cohort to start accumulating below $20k
Definition This metric breaks down the Accumulation Trend Score into the relative behaviour by various entity wallet cohorts. The relative strength of…
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Is SVB to big to fail? Will it get rescued? Bill Ackman already calling for bail-outs
Quick Take A short timeline on what has happened to Silicon Valley Bank (SVB) and whether there is more contagion…
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