Because the institutional funding narrative continues to play out, on-chain metrics present the continued accumulation of BTC in giant addresses continues to be ongoing, with a rise of 9% through the earlier 30 days alone. This was barely offset by the lower in addresses holding 10-100BTC, indicating that smaller “whales” have been discovering the prospect to take revenue too good to go up.
The yr began with a surging enhance in volatility and buying and selling quantity, with BTC setting a new all-time high at $41,941 before plunging back below $32,000. In doing so, annualized volatility hit a excessive of 97%, a determine not seen since April of 2020.
The newest bi-weekly publication from Cointelegraph Consulting takes a take a look at how futures funding charges are impacting the market. With traders grasping to money in on Bitcoin’s skyrocketing costs, funding charges hit new highs, exposing the market to excessive threat from over-leveraged positions.
Read the full newsletter edition here for extra information and alerts, full with detailed charts and pictures.
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