Bitcoin settled more than 40 million transactions in a single quarter for the first time since its inception in Q3 of 2023
Читать полностью…Upcoming Bitcoin spot ETF decisions. Bloomberg Intelligence estimates a 90% chance approval by Jan 10
Читать полностью…While BTC 60-day correlation with risk assets has been moving upwards, it is way below its 2022 average of over 50%.
In fact, BTC showed remarkable resilience to surging borrowing costs and growing macro uncertainty in September, outperforming the S&P 500 and the Nasdaq 100.
Funding rates on Binance's BTCUSDT perpetual contracts have now been below neutral (0.01%) for 118 consecutive funding rate intervals - by far a new record.
Читать полностью…Approximately $50B worth of Bitcoin are now held by ETFs, countries, public and private companies
Читать полностью…The 90-day supply of aggregate stablecoins has dropped more than 20% from $162 billion in March 2022 to $120 billion today, pointing to a decline in on-chain liquidity
Читать полностью…Digital asset investment product flows cooled off, with relatively minor outflows totalling $11.2m. This run of negative sentiment over the last 7 weeks now totals $342m
Читать полностью…The short-term correlation between Nasdaq tech stocks and Bitcoin has turned positive, indicating the two are moving more in step
Читать полностью…Despite BTC surging by 75%, trade volume continued to fall in 2023 with nearly all exchanges registering double-digit declines in July relative to the year before.
Читать полностью…#Bitcoin bearish retested. My point of view - this is not bull market.
I am still watching the market as its getting messed, to me it is better to keep my assets in stablecoins than to enter any position(s), at this moment the market sentiment is quite bad.
BTC's inverse correlation with the U.S. Dollar has significantly weakened in 2023, dropping from -61% to -10%
Читать полностью…Since spring of 2023, the majority of stablecoin inflows to the 50 biggest crypto services have shifted from U.S. licensed-services to non-U.S. licensed services.
We can see similar trends in looking at stablecoin on-chain transaction volume by whether or not the issuer is a U.S.-licensed entity.
Binance to stop accepting new U.K. users to comply with ad rules
https://www.coindesk.com/business/2023/10/16/binance-to-stop-accepting-new-uk-users-to-comply-with-ad-rules/
The percentage of Bitcoin supply inactive for 1+, 2+, 3+, and 5+ years are all at all-time highs
Читать полностью…#Bitcoin dominance bullish breakout. Take care of your longs and altcoins positions just in case 👀
Читать полностью…Binance currently has more than 380 assets trading on the exchange, but many of them are illiquid.
The lion's share of trade volume remains concentrated within the top 10 altcoins.
Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
https://www.binance.com/en/support/announcement/d392843e81fd4bc3a5f7e219aa01f34d
Binance's BTC and ETH futures market share has continued to fall while OKX's has grown from 18% to 26% this year
Читать полностью…CME's Bitcoin futures market in July saw a volume of $55.78 billion, the highest level since January 2022
Читать полностью…Crypto markets have become more concentrated over the past three years, with the bulk of trading activity in 2023 happening on just one exchange — Binance.
In contrast, back in 2020, the largest trading platform accounted for only 24% of the total global trade volume, while the combined trade volumes of the two largest platforms was still below 50%
Binance is facing growing competition from offshore exchanges. Since the start of 2023, OKX (9%), Huobi (5%), and Bybit (8%) have all gained market share.
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