Bitcoin has entered a bottoming phase that could last one to three months, according to prominent crypto analyst PlanB, known for his stock-to-flow price models. In a post on X, PlanB noted that Bitcoin closed July at $62,818, while its 200-week moving average stood at approximately $63,000. Understanding the Bottoming Process PlanB, whose real name
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, though most of the increase came from a single Binance-linked token. Binance bStocks accounted for $9.41 billion, or 83.3% of the total, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. A bStocks token, QQQB, tracking Invesco’s QQQ
Perpetual futures, or “perps,” are the largest market crypto has built, and they are quietly reversing the story everyone tells about convergence. Crypto is described as maturing toward traditional finance, adopting its discipline around revenue, buybacks and disclosure. In perps, the movement runs the other way: traditional assets are migrating onto a structure that crypto
The negative premium period on the US-based cryptocurrency exchange Coinbase, caused by the Bitcoin price falling below Binance’s, has reached its longest period to date. According to CoinGlass data, the Coinbase Bitcoin Premium Index remained in negative territory for 75 consecutive days between May 19 and August 1. The index’s final value was recorded at
U.S. spot Bitcoin exchange-traded funds recorded net outflows of approximately $265.4 million on July 31, according to data from Farside Investors. The reversal ends a two-day streak of net inflows, signaling a shift in investor sentiment amid broader market uncertainty. Fund-Level Breakdown Leading the outflows was BlackRock’s IBIT, which saw $122.7 million leave the fund,
Bitcoin tried but failed at $65,000 on several occasions in the past week, and there are now multiple and different signals suggesting that another leg down is on the cards. From war escalation to ETF withdrawals, let’s dive in. Macro Factors Let’s start with the Wednesday developments on US soil when the central bank decided
Strategy is exploring a capital management framework that may permit the sale of up to $5 billion in Bitcoin. This initiative aims to support $1.25 billion in USD reserves, alongside funding for dividends and buybacks. The implications of this strategy could significantly influence Bitcoin’s market dynamics as it may affect supply and overall investor sentiment,
Bitcoin’s on-chain structure is beginning to resemble the 2022-2023 bear market bottom, but analysts say one important ingredient is still missing before a meaningful recovery can begin. According to on-chain analyst Axel Adler Jr., Bitcoin is steadily moving out of speculative hands and into long-term holders, reducing the amount of actively traded supply. However, demand
Bitcoin has historically delivered modest gains in August, with an average return of 1.12% since 2013. However, the median return for the month is -7.49%, indicating that most Augusts have actually been negative for the cryptocurrency. This mixed performance underscores the volatility that continues to define Bitcoin’s seasonal patterns. Historical August Performance: The Data Since