Follow us on Google News Decentralization is one of the most essential characteristics of digital currencies. This implies they are distributed over many computers, networks, and nodes rather than controlled by a single organization like a government or central bank.…
On-Chain and Derivatives: It is crucial to understand the current regime of the delta between perpetual futures and spot BTC. Prolonged regimes of spot premium paired with trends towards additional spot premium almost always lead to short-term price reversion for…
Follow us on Google News While NFTs aren’t precisely new, NFT avatars suddenly became a buzzword, making The Novatar collection the hottest avatar drop. Over the past year, the topic of non-fungible tokens (NFTs) has been widely and actively discussed.…
On-Chain and Derivatives It’s been another week of volatility for bitcoin with several news events from 7.5% CPI print raising monetary tightening expectations to Russia considering cryptocurrency and Blackrock seeking to offer Bitcoin trading to their clients. Looking at price…
Follow us on Google News On-Chain and Derivatives: BTC has broken a 3-month long downtrend dating back to November. However, horizontal levels are far more important than diagonal. Major horizontal resistance still lies at 40.7K; start closing above that, and…
XYM is a coin of platform Symbol. Its current price is around $0.1768 by writing, with a low of $0.08969 in 2021, and has a market cap of 987 million dollars. What is Symbol? The Symbol is a secure and trusted network…
On-Chain/Derivatives Update Another exciting week as always for Bitcoin. After breaking below 40k support, BTC now faces 40k as a heavy resistance level. Below support remains 30k across several timeframes, but the area seems to have been front-run for now.…
Follow us on Google News The Securities and Exchange Commission (SEC) has approved BSTX, a joint venture between tZero and Boston Options Exchange (BOX) Digital Markets, to operate a blockchain-based securities exchange. Because of the blockchain transactions, BSTX aims for…
This week Bitcoin’s correlation to the Nasdaq reached an all-time high. With no catalyst to cause idiosyncratic flows to Bitcoin, it is trading in tandem with risk-off behaviour from equities with a high beta. For no catalyst to trigger idiosyncratic flows,…
Derivatives/ On-Chain Analytics Update From a price structure standpoint, Bitcoin bounced off the macro support level we talked about last week of $40K. Open interest is still high and in the area of which we have seen major squeezes/flushes take place. …
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