Bitcoin's volatility has reached historic lows during a period of prolonged market consolidation, with its 60-day volatility remaining below 50% throughout 2024, a significant change from 2022 when it exceeded 100%. This period of low volatility has coincided with Bitcoin dominance exceeding 56% and a decline in the ETH/BTC ratio. Despite the choppy price action, Bitcoin investors' unrealized profit remains constructive, and over 87% of the circulating supply is held in profit. Additionally, Bitcoin's OTC balances have spiked by 62,000 BTC in the last 30 days, the highest since 2021. Long-term holders' supply in profit holds above 14 million BTC. Meanwhile, the SEC has expressed concerns about Circle's IPO plans, particularly around whether USDC should be considered a security and if Circle should be classified as an investment company.
ICYMI: Circle CEO describes unprecedented optimism about the future of crypto Read the full article 👇 https://t.co/SHiiKAEVw2 https://t.co/h5OEZHD6R7
ICYMI: Perpetual futures trading volume surges as #Bitcoin spot trading lags Read the full article 👇 https://t.co/c9lVqk0nDW https://t.co/MdW4KY4kUs
ICYMI: #Bitcoin fee shifts in transaction trends and market dynamics Read the full article 👇 https://t.co/HRxYjoSsGI https://t.co/oFr915zFTK
Stablecoin issuer Circle faced concerns from the SEC in its last attempt to go public. Coinbase would benefit if Circle now succeeds.
Barron’s obtained *155 pages* of docs from SEC via public records request pertaining to correspondence b/w Circle & the agency… Centers around whether USDC a security & if Circle should be considered investment company. Relevant b/c Circle trying to IPO. via @joelight https://t.co/67k9TfQW7O
New documents show SEC’s concerns about #crypto company aiming for #IPO https://t.co/MHRppx6cwm
ICYMI: #Bitcoin OTC balances spike by 62,000 BTC in 30 days, highest since 2021 Read the full article 👇 https://t.co/qXb6E7uigB https://t.co/Vq2gnFjQxf
NEW: "#Bitcoin prices are consolidating within a well-established trade range. Investors remain in a generally favourable position, with over 87% of the circulating supply held in profit, with a cost basis below the spot price," says Glassnode. https://t.co/0nfEusnjiK
α INSIGHTS 📈 #Bitcoin OTC balances spike by 62,000 BTC in 30 days, highest since 2021 via @jvs_btc data via @cryptoquant_com https://t.co/658kCy25Ka
ICYMI: SEC concerns over USDC may complicate Circle’s IPO plans – Barron’s Read the full article 👇 https://t.co/3QR1sBRGFd https://t.co/aM2p4hjzNH
ICYMI: Long-term #Bitcoin holding trends push illiquid supply higher Read the full article 👇 https://t.co/yZa6uebKxk https://t.co/AfcaWg0Nbz
ICYMI: #Bitcoin long-term holders’ supply in profit holds above 14 million BTC Read the full article 👇 https://t.co/dxIvzCIHcn https://t.co/mpNzK5dyvO
SEC concerns over USDC may complicate Circle’s IPO plans – Barron’s https://t.co/W3zsQUZrxh
Onchain Highlight 🔗 Long-term #Bitcoin holding trends push illiquid supply higher https://t.co/YoUQ4nbe5r
ICYMI: #Bitcoin’s volatility hits new lows during prolonged market consolidation Read the full article 👇 https://t.co/PUnJvhnV1z https://t.co/kFoAiYR9bF
Onchain Highlight 🔗 #Bitcoin long-term holders’ supply in profit holds above 14 million BTC https://t.co/WspI8T9ZZS
[BARRONS] New Documents Show SEC’s Concerns About Crypto Company Circle Aiming for IPO
ICYMI: #Bitcoin dominance exceeds 56% as ETH/BTC ratio heads lower Read the full article 👇 https://t.co/9DGzSBNv6q https://t.co/k9jT1SxPO3
New Documents Show SEC’s Concerns About Crypto Company Aiming for IPO https://t.co/CUuB0uO6Tw
NEW: #Bitcoin has been surprisingly stable in 2024, with 60-day volatility staying below 50% all year. This is a big change from 2022, when wild swings pushed volatility above 100%. https://t.co/LKBvPKwfh5
Despite choppy price action, the unrealized profit of #Bitcoin investors remains constructive. However, volumes across all market facets are declining markedly as an equilibrium between demand and sell-side forces is established. Discover more in the latest Week On-Chain… https://t.co/N5jFsHPPlJ
INSIGHTS 📉 #Bitcoin’s volatility hits new lows during prolonged market consolidation via @jvs_btc data via @glassnode https://t.co/Sv0e3emhcK
📊Since the beginning of 2023, #Bitcoin's 60-day historical volatility has remained below 50%. This shows a stark contrast to the significant fluctuations of 2022, when volatility exceeded 100%👀 https://t.co/xaXgziYR6o
α INSIGHTS 📉 #Bitcoin dominance exceeds 56% as ETH/BTC ratio heads lower via @jvs_btc data via @glassnode https://t.co/xwPVJJvHcf
ICYMI ‼️ - Yesterday’s #Bitcoin Daily Bitcoin’s volatility is hitting historic lows, while the merits and advantages of a globally open and stateless alternative monetary system become more apparent. 📉 Are we in the calm before the Bitcoin storm? ⛈️ https://t.co/ytxup3Pt8W
ICYMI ‼️ - Yesterday’s #Bitcoin Daily Bitcoin Hits Record Low Volatility. 📊 It's becoming more clear we are entering a multi-polar world post-US dollar dominance. 💵 Are we in the calm before the Bitcoin storm? ⛅️ https://t.co/IhsZNFQlej
ICYMI: Demand for stablecoins grows as market prepares for volatility Read the full article 👇 https://t.co/KvwzujLL9s https://t.co/BqbRusCxon