Bitcoin power-law model projects $100K value before January 2025

cryptoslate.com Quick Take The Bitcoin (BTC) Power-Law Model, coined by Giovanni Santostasi, provides a mathematical description of BTC’s price movements, revealing a power-law distribution…

Insights from Q1 2024 13f filings for Bitcoin ETFs

cryptoslate.com Quick Take The 13f filings for Bitcoin exchange-traded funds (ETFs) in the first quarter of 2024 have unveiled a significant surge in demand and investor interest. According…

Bitcoin shrimps outpace monthly issuance, accumulating 25,000 BTC in 30 days

cryptoslate.com Quick Take According to Glassnode, in Bitcoin (BTC) ownership, the smallest cohort, known as “shrimps” holding less than 1 BTC, remarkably commands approximately 7% of the…

Grayscale GBTC registers rare inflow amid $303 million Bitcoin ETF surge

cryptoslate.com Quick Take According to Farside data, the Bitcoin (BTC) exchange-traded funds (ETFs) saw the largest inflow since May 3, witnessing a $303 million inflow on May 15; all ETFs…

Hash Ribbon metric signals miner capitulation, possibly marking Bitcoin’s price bottom at roughly $56,500

cryptoslate.com Quick Take The Hash Ribbon metric by Glassnode, which has marked most of the bottoms in Bitcoin in the past five years, is finally signaling miner capitulation. This…

Ark ARKB’s $133.1 million surge leads Bitcoin ETFs to inflows

cryptoslate.com Quick Take According to data from Farside, Bitcoin (BTC) exchange-traded funds (ETFs) witnessed an inflow of $100.5 million. This marks the largest inflow into these ETFs…

Coinbase records third-largest Bitcoin outflow of 2024, totaling nearly $1 billion

cryptoslate.com Quick Take Two transactions originating from Coinbase cold storage were detected around 3 am GMT on May 15. Each transaction involved 8,000 Bitcoin, totaling $493.96…

ETH/BTC ratio falls 30% year-over-year amidst rising Bitcoin market dominance

cryptoslate.com Quick Take The Ethereum to Bitcoin (ETHBTC) ratio recently hit 0.046, a low not seen since April 2021, briefly revisiting levels from April 2024. This downward trajectory…

Hong Kong Bitcoin and Ethereum ETFs face record single-day outflows

cryptoslate.com Quick Take According to Farside data, the Hong Kong (HK) Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) experienced the largest single-day outflow since…

El Salvador reveals Bitcoin treasury holdings, totaling over 5,700 BTC worth roughly $360 million

cryptoslate.com Quick Take El Salvador has taken a significant step towards transparency in its Bitcoin adoption journey. The National Bitcoin Office (ONBTC) of El Salvador has unveiled its…

Major institutions reveal significant stakes in BlackRock IBIT ahead of 13F filing deadline

cryptoslate.com Quick Take As the 13F filing deadline approaches, all eyes are on institutional investors and their exposure to the Bitcoin ETFs in the US for the first quarter of 2024.…

Bitcoin fees quadruple since October 2023

cryptoslate.com Quick Take CryptoSlate recently reported that Ethereum had entered an inflationary state due to the Dencun upgrade, which has reduced the burn rate and diminished gas fees.…

86% of Bitcoin supply still in profit despite recent price drops

cryptoslate.com Quick Take As Bitcoin pushed toward a new all-time high in March, a significant milestone was reached on Feb. 28, with over 99% of the Bitcoin supply in profit. This was the…

Over 46% of Bitcoin’s circulating supply hasn’t moved in 3+ years

cryptoslate.com Quick Take The Glassnode supply last active (SLA) chart overlays multiple cohorts, each representing a percentage of the circulating supply based on the duration since the…

Hong Kong and US ETFs see modest outflows on mixed day

cryptoslate.com Quick Take US ETFs According to the latest Farside data, US Bitcoin exchange-traded funds (ETFs) experienced outflows on May 9, totaling $11.3 million. Notably, the…

Luxor Q1 report predicts recovery in Bitcoin hashprice over next five months

cryptoslate.com Quick Take The Bitcoin mining sector has faced challenges with historically low hashprices in recent weeks following the halving event. However, hash prices surged to…

Surge in Bitcoin to OTC desks potentially marks a local peak

cryptoslate.com Quick Take The recent stagnation in Bitcoin’s price has been accompanied by a significant influx of Bitcoin (BTC) into the over-the-counter (OTC) trading desks, a trend that…

Rate hikes linked to 11 out of 14 past U.S. recessions, historical analysis shows

cryptoslate.com Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical…

Bitcoin and Ethereum ETFs in Hong Kong diverge

cryptoslate.com Quick Take Hong Kong ETFs According to Farside data, the digital asset exchange-traded funds (ETFs) market in Hong Kong (HK) experienced a divergence in flows on May 8.…

Bitcoin accumulation fails to keep pace with issuance

cryptoslate.com Quick Take Over the past 30 days, entities across all cohorts have accumulated just over 10,000 BTC. This rate of accumulation has not kept up with the approximately 19,000…

Susquehanna has more Bitcoin exposure than just ETFs

cryptoslate.com Quick Take Susquehanna, a prominent trading firm, has disclosed a $1.3 billion investment in spot Bitcoin ETFs. The firm’s portfolio is primarily dominated by the Grayscale…

Bitcoin’s 280% surge from cycle lows mirrors previous bull cycles

cryptoslate.com Quick Take Since bottoming out around $15,500 in November 2022, Bitcoin’s performance has been on a consistently upward trajectory. This growth culminated in new all-time…

Bitcoin ETFs in the US see $15.7 million in outflows

cryptoslate.com Quick Take US Bitcoin ETFs saw an outflow of $15.7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was…

As Marathon Digital joins S&P SmallCap 600, shares surge 18%

cryptoslate.com Quick Take Marathon Digital Holdings Inc. (MARA), the largest Bitcoin mining company in terms of market cap, is set to join the S&P SmallCap 600 index, effective before the…

Fidelity leads with inflows as Bitcoin ETFs capture $217M in one day

cryptoslate.com Quick Take According to Farside data, the Bitcoin ETFs (Exchange-Traded Funds) in the US witnessed another net inflow day on May 6, reaching $217.0 million. This massive…

Bitfinex whales bolster Bitcoin holdings by 6% amid recent price surge

cryptoslate.com Quick Take Over the past few days, Bitfinex has recorded a substantial 6% increase in Bitcoin (BTC) long positions held by whales — totaling a staggering 48,615 BTC. BTCUSD…

Challenging the notion of ‘Stag’ or ‘Flation’

cryptoslate.com Quick Take Federal Reserve Chair Jerome Powell dismissed concerns about stagflation following the release of the latest US economic data. In his speech following the Fed’s…

Bitcoin surges above $60,000 following jobs report

cryptoslate.com Quick Take Trading Economics data shows that the unemployment rate edged up to 3.9% in April, surpassing expectations of holding steady at 3.8%. Unemployment has been below…