Q3 tends to be the weakest seasonal period in BTC, whereas Q4 tends to be the strongest. BTC will have to endure supply distribution from bankruptcy estates in Q3.
Q4 is prone to offer strength stemming from the U.S. election, halving effects coming into play, cash distributions from the FTX estate, and easing macro conditions.
In Q2 2024, venture capitalists invested $3.194bn (+28% QoQ) into crypto and blockchain-focused companies across 577 deals (-4% QoQ)
Читать полностью…Market is bouncing but trading volume may not be enough on their own to reveal changes in a trend. Overall volumes have been declining for some time and the prevailing thinking is that volume is down because there is more risk.
The market is currently very volatile on both sides I recommend to be patient. I expected your calm before taking more positions. Late-Summer/ Early-Autumn will likely see a reversal.
The share of stablecoins vs fiat market share of volume just hit its highest level since 2020. Currently, 84% of crypto trade volume involves stablecoins, while fiat accounts for only 16%
Читать полностью…Currently, the BTC weekend trading volume stands at an all-time low of 16% in 2024, marking a 12 percentage point decrease from its peak of 28% in 2019
Читать полностью…Despite healthy investor profitability, the magnitude of volume being processed and transferred on the Bitcoin Network following the ATH has declined drastically.
This underscores a reduced appetite for speculation and heightened indecision in the market.
Since the beginning of 2023, Bitcoin's 60-day historical volatility has remained below 50%, a stark contrast to the significant fluctuations of 2022, when volatility exceeded 100%
Читать полностью…#BTC.D UP and #Bitcoin DOWN
Bad time for ALTs
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Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners
Читать полностью…Monthly stablecoin transfer volumes have ~10x'd over the past 4 years. From $100B to $1T+ per month
Читать полностью…USD-backed stablecoin continues to dominate the crypto market. Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was $270bn which is 70 times higher than their EU counterparts.
In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high.