After a brutal sequence of events led to the collapse of several crypto-related firms in 2022, FTX’s bankruptcy dealt a massive blow to public trust in centralized crypto entities. During this period of heightened market volatility, crypto investors preferred Circle’s USD Coin (USDC) to Tether’s USDT. According to Glassnode’s data, while USDT is the largest…
The year 2022 marked the start of a new crypto winter, with major crypto companies collapsing and digital currency prices plummeting, including Bitcoin. In addition, interest rate increases and general economic negativity are causing investors to worry. The fundamentals of Bitcoin remain strong despite all of these. Let’s take a look at some of the…
Glassnode data analyzed by CryptoSlate showed a significant trend difference between Bitcoin (BTC) and Ethereum (ETH) shrimp and crab cohorts. BTC fundamentals’ core narrative is the reason that so many investors believe in the asset — and buy regardless of the price. Evidence of this can be seen below as Shrimps (who hold one BTC or…
Glassnode data analyzed by CryptoSlate showed significantly greater open interest calls for Bitcoin and Ethereum. Calls and puts refer to the buying and selling, respectively, of options. These derivative products give holders the right, but not the obligation, to buy or sell the underlying asset at some future point for a predetermined price. This predetermined…
Out of all the crypto derivative products, perpetual futures have emerged as a preferred instrument for market speculation. Bitcoin traders use the instrument en masse for risk hedging and capturing funding rate premiums. Perpetual futures, or perpetual swaps as they’re sometimes referred to, are futures contracts with no expiration date. Those holding perpetual contracts are…
Glassnode data analyzed by CryptoSlate revealed that the total amount of Bitcoin (BTC) that was last active six months ago reached just below 15 million. The chart below represents the total BTC supply that has stagnated for at least six months with the blue area. The data starts from 2010 and shows a steady increase…
The crypto derivatives market has grown so big in the past few years that it can be used as an indicator of future price movements. Bitcoin options have captured the crypto industry and have quickly turned into mature products whose movements have the power to sway the rest of the market. Just like in the…
Glassnode data analyzed by CryptoSlate showed a divergence between super whales and retail, with the former remaining in aggressive accumulation mode going into the new year. Bitcoin Accumulation Trend Score The Accumulation Trend Score (ATS) looks at the relative size of entities that are actively accumulating or distributing their Bitcoin holdings. The ATS metric uses…
Unspent Transaction Outputs (UTXOs) are often referred to as the fundamental building block of Bitcoin. As the Bitcoin network is built on an accounting model based on unspent outputs, they can be used to measure the overall state and growth of the network. Changes in the cumulative value settled through UTXOs, their number, and the…
Altcoins often mirror the price movements of Bitcoin (BTC), the largest cryptocurrency by market capitalization. However, Cosmos (ATOM) and Solana (SOL), over the past two weeks, managed to outperform BTC. Cosmos is up nearly 15% compared to BTC over the past two weeks, Glassnode data indicates. On the other hand, SOL beat BTC by almost…