Insights
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Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps
Quick Take +311k jobs created vs. estimate of +205k. 3.6% unemployment rate vs. an estimate of 3.4% Bitcoin broke $20,000…
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Banks halted on exchanges, Silicon Valley Bank now closed by California regulators
Quick Take Signature bank halted after dropping a record 22%, while 30% down in the past five days. Other banks…
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Bitcoin long-term holders capitulate at levels seen during FTX collapse
Quick Take Bitcoin long-term holders (LTHs) are defined as investors who have held Bitcoin for longer than six months and…
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Something banks cannot do: Clear on weekends as BTC transactions hit record numbers
Definition The total number of transactions waiting in the mempool in different size (vByte) cohorts. Quick Take The number of…
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Bitcoin perps most negative since FTX collapse as BTC continues to be withdrawn from exchanges
Quick Take The second most amount of Bitcoin withdrawn from exchanges this year at roughly 15,000 BTC. The perpetual funding…
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Bitcoin rises to over $21k, as shorts get squeezed out and returns to pre SVB price levels
Bitcoin made a high on March 12, to $21,500, as futures markets prepared to open in the next few hours.…
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Powell chose financial assets over inflation, but here’s what you need to know
Quick Take An update since futures opened last night SVB depositors will have access to all of their money on…
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Macro update: Is fed tightening almost over? Here’s what the markets think
Quick Take U.S. two-year yields set for the largest two-session drop since 1987, according to Zerohedge. Since last night, S&P…
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Bitcoin funding rate has turned positive as liquidations soar over $230M
Quick Take The perpetual funding rate for Bitcoin flipped positive this morning, which has seen Bitcoin shorts rekt and take…
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Majority of stablecoins re-store peg as USDT dominance hits 58%
Quick Take Over the past few days, stablecoins lost the peg to $1; the main headline was USDC. USDT was…
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