Because the institutional funding narrative continues to play out, on-chain metrics present the continued accumulation of BTC in massive addresses remains to be ongoing, with a rise of 9% throughout the earlier 30 days alone. This was barely offset by the lower in addresses holding 10-100BTC, indicating that smaller “whales” have been discovering the possibility to take revenue too good to go up.
The 12 months began with a surging improve in volatility and buying and selling quantity, with BTC setting a new all-time high at $41,941 before plunging back below $32,000. In doing so, annualized volatility hit a excessive of 97%, a determine not seen since April of 2020.
The most recent bi-weekly publication from Cointelegraph Consulting takes a have a look at how futures funding charges are impacting the market. With traders grasping to money in on Bitcoin’s skyrocketing costs, funding charges hit new highs, exposing the market to excessive threat from over-leveraged positions.
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