ETFs Approved by SEC Impact Miners’ Reserves

Bitcoin miners are selling reserves since ETF approvals led to $1 bil. in BTC moves to exchanges. Main drivers include preparations for the Bitcoin halving, covering operation costs, and securing profits. Increased institutional involvement supports a positive outlook for miners. Recently, Bitcoin miners have been selling their asset reserves or using them to upgrade their capacity due to increasing inflows to cryptocurrency exchanges. A report from Bitfinex Alpha Market indicates that Bitcoin ETF approvals by the US Securities and Exchange Commission (SEC) have had an impact on miners’ reserves. As…

Breaking Free: A Bitcoiner’s Analysis of the Bullish Breakout in the CDD Metric

Greetings fellow bitcoin enthusiasts! It seems like we might just be on the cusp of another exciting chapter in the world of bitcoin as the Binary Coin Days Destroyed (CDD) indicator breaks out of its accumulation zone. According to recent on-chain data, this development could potentially signal the return of a powerful rally for our beloved cryptoasset. For those unfamiliar with the concept, ‘coin days’ refer to the amount of time a single bitcoin remains untouched within the blockchain. Once moved, these so-called ‘coin days’ cease to exist; hence, the…

The Bitcoin ETF Race: A Tug-of-War Between Inflows and Outflows

Grayscale Bitcoin Trust (GBTC), which began January 2021 with a holding of 619,000 $BTC, has seen a decrease to 478,000 BTC as of now. While Grayscale holdings dwindle, financial giants Blackrock and Fidelity have stepped into the scene, acquiring a staggering 134,357 BTC ($5.7 billion) for their respective Spot Bitcoin ETFs. This sudden increase raises questions about whether everyday crypto enthusiasts will even have access to Bitcoin if large institutions snap it all up! Let us take a closer look at the state of the ETF race using 3 revealing…

Navigating the Largest Ever Bond Auctions Amidst Economic Challenges

In a landmark decision aimed at addressing the burgeoning budget deficit, the United States Treasury recently unveiled plans to conduct the biggest-ever series of bond auctions. With the headline event being a colossal five-year, $70 billion auction scheduled for April, stakeholders eagerly await forthcoming announcements regarding increased auction sizes across multiple maturity categories within the upcoming three-month period, specifically concerning two-year and five-year treasury notes. In recent weeks, the U.S. Treasury held auctions for these maturities at their highest volumes ever – $60 billion for two-year notes and $61 billion…