🚨🚨🚨 The German 🇩🇪 Government has transferred 400 BTC worth $25.28 million to Bitstamp, Coinbase, and Kraken today at 16:25 UTC 8, according to Arkham.
📊 Bitcoin Spot Trade Market Share Update:
Over the past 12 months, Binance's share of all bitcoin exchange spot trades dropped from approximately 67% to closer to 30%. So, who captured the market share from Binance?
Here's the increase in market share of spot volumes over the past 12 months:
- Bybit: +20%
- Coinbase: +3%
- Rest of Market: +15%
The landscape is shifting!
Over the past 12 months, Binance's share of all bitcoin exchange spot trades dropped from approximately 67% to closer to 30%. So, who captured the market share from Binance?
Here's the increase in market share of spot volumes over the past 12 months:
- Bybit: +20%
- Coinbase: +3%
- Rest of Market: +15%
The landscape is shifting!
The German government continued its cryptocurrency transfers today. According to blockchain data analysis firm Arkham Intelligence, on July 1st at 4:25 PM UTC+8, the government sent a total of 400 Bitcoin (BTC) to three major cryptocurrency exchanges: Bitstamp, Coinbase, and Kraken. This latest transfer is valued at roughly $25.28 million. With this transaction, the total amount of Bitcoin moved by the German government to centralized exchanges (CEX) over the past two weeks has surpassed 2,700 BTC.
The Mayer Multiple metric, which assesses the ratio between price and its 200-day moving average (200DMA), is an essential tool for evaluating market momentum. The 200DMA serves as a simple indicator to gauge bullish or bearish trends, with any breaks above or below this average marking key market pivot points. The 200DMA is currently at $58,000, aligning with on-chain price models.