This market looks a lot like summer 2023.
In 2023, $BTC's first big move off the bottom ran into a meme and altcoin frenzy. Volatility then sank. This year has followed the same order, with volatility now at the lows.
More on these parallels in this week's Week On-chain.
In 2023, $BTC's first big move off the bottom ran into a meme and altcoin frenzy. Volatility then sank. This year has followed the same order, with volatility now at the lows.
More on these parallels in this week's Week On-chain.
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US spot #Bitcoin ETFs have seen net outflows over the past 30 days for the first time since late July, reaching -$292M on Oct 26.
The dip remains shallow, and inflows have returned this week. $BTC
Chart: https://glassno.de/etfs-30d-netflow
The dip remains shallow, and inflows have returned this week. $BTC
Chart: https://glassno.de/etfs-30d-netflow
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Outflows across chains happened one after the other. XRP went first, then SOL shortly after, then BTC, ETH, USDT and TRX together, finally USDC.
Binance's BNB balance was left untouched.
It wasn't just the major assets.
Dozens of smaller tokens saw a large share of their Binance balance leave in the same hour. According to our data, #FUN tokens were completely drained from the exchange.
Binance's BNB balance was left untouched.
It wasn't just the major assets.
Dozens of smaller tokens saw a large share of their Binance balance leave in the same hour. According to our data, #FUN tokens were completely drained from the exchange.
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Strategy Watch is our monthly read on fund performance, capital flows, and allocator positioning across digital assets, produced with Crypto Insights Group
Edition #9 is live now 👈
Edition #9 is live now 👈
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