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2022-08-29 13:22:46 #ETH
Funding rates in the derivatives markets turned negative for the first time during last 13 months (the last one was before the strong contraction of the shorts, then the price bounced up). This is not a 100% bullish signal, but the overall picture aligns well with potential impulse wave. Now the coin is at 61.8% of the July growth.
One small thing to keep in mind: negative funding can be a result of traders hedging their spot exposure to be delta neutral. This makes sense because of the upcoming ETH2.0 Merge Open / Comment

2022-08-29 12:31:21 https://twitter.com/documentingbtc/status/1563859904850706432 Open / Comment

2022-08-26 17:27:49 #monetary #policy #inflation #rate

Results:
- the longer high inflation persists, the more likely it will stay at a high level;

- The Fed seeks to limit demand;

- restrictive monetary policy is needed for some time;

- data on decelerating inflation is good, but it is not enough yet;

- rate decision in September will depend on incoming data. Open / Comment

2022-08-26 17:04:34

Open / Comment

2022-08-26 17:03:03 While the entire financial world is waiting for Jerome Powell's speech at the FED meeting, BTC is adding 2.5% to its price, most likely on expectations of softening monetary policy (a rate hike of less than 75 basis points(like this month) will be considered as positive news ). Open / Comment

2022-08-26 12:38:26 If we consider the emergence of a new cycle not only as a lack of supply pressure (sales), but also as the activity of new players in the market (demand), then we can safely state the fact of a certain transitional period between the bear and the bulls.
Following the principles of Supply-Demand, the sustainability of a bear market rally can be critiqued when the Supply side is not balanced by new Demand and rising network activity.
The number of unique New Addresses which appeared for the first time is an effective tool to gauge the activity in the network.
If you look at the annual moving average of new addresses in the network, you can trace the dynamics of the emergence of new growth impulses due to them. As it was seen after the bear market of 2018, after the migration of miners in May 2021, the subsequent stages of growth were accompanied by a surge in the growth of new addresses in the network. At this stage, from the bottom in June of this year, a surge in the fuel we need is not observed YET. Open / Comment

2022-08-25 17:04:05 Chart of price changes depending on the trading sessions:
you can see that the European session and the American one are antagonistic. Open / Comment

2022-08-25 14:50:24 A bit of a fundamental summary of bitcoin in macro and micro terms in order to understand whether the market belongs to one of the market cycles (bear or bull):
The chart above shows a section of coins older than 1 year (which have not been spent or sold for more than a year). This averaged statistic allows us to distinguish distribution zones (when 1+ coins are spent) and accumulation (when these coins are accumulated). The graph shows a clear pattern of cycles since 2017. At the moment of decline (from ATH in 2021) there is a steady accumulation of coins that are moving into the 1+ year age cohort, which suggests a steady accumulation trend (coin maturation). Open / Comment

2022-08-25 14:44:04 I will drop series of Onchain Analysis here shortly. Open / Comment

2022-08-24 22:01:47 +32% Open / Comment