Quick Take Data from Farside reveals outflows for Bitcoin (BTC) exchange-traded funds (ETFs) on Apr. 9. BTC ETFs experienced an outflow of $18.6 million, marking consecutive outflows. Grayscale GBTC saw outflows of $154.9 million, the smallest daily outflow since Apr. 4, bringing its total outflows to $15,963.5 billion…
Read More
Quick Take Bitcoin, frequently dubbed “digital gold” and traditional gold, showcased impressive performance throughout Q1 2024. Bitcoin has surged over 60%, trading above $70,000 and nearing its all-time high of approximately $73,500. Similarly, gold has gained over 7%, trading at over $2,200, close to its record high…
Read More
Quick Take The US Federal Reserve’s recent policy stance has had noticeable effects on various financial assets. The Fed maintained the fed funds rate at 5.25 – 5.50% on March 20 and signaled a slowed pace of balance sheet reduction. According to Zerohedge, Jerome Powell said…
Read More
Quick Take Bitcoin market forces are demonstrating an intriguing trend. The cohort of Bitcoin holders who have kept their Bitcoin for over a year, also known as the Supply Last Active (SLA) 1+ year, reached an all-time high of approximately 71% in November 2023. As a general principle…
Read More
Quick Take A trend emerged between Bitcoin and TLT, the U.S. long bond ETF, in early December as BTC denominated in TLT hit a triple top level previously seen in 2021. Bitcoin just rallied above $44,200 and is 36% off its all-time high of $69,000; it has showcased a significant dominance in relation to TLT…
Read More
Recent Comments