Crypto

In today’s briefing:

Strong Summer Start Turns Sour

Strong Summer Start Turns Sour

BTC fights to hold multi-month range lows amidst aggressive liquidations and market volatility.
Altcoin market faces significant losses, with some sectors down 30%+ from yearly highs.
Upcoming ETH spot ETF launch offers potential bullish catalyst despite current market weakness.

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Jun 25

Daily Brief Crypto: Liquidity Headwinds Play Catch Up and more

In today’s briefing:

Liquidity Headwinds Play Catch Up
Crypto Crisp: There it was, the height of Mt. Gox fear

Liquidity Headwinds Play Catch Up

BTC faces headwinds as global liquidity contracts, impacting recent price action.
Spot BTC ETFs initially fueled highs, but inflows and volumes are now declining.
Crypto markets need a major catalyst to counteract waning liquidity support.

Crypto Crisp: There it was, the height of Mt. Gox fear

It was only a matter of time. Today, Mt. Gox confirmed that it will begin distributing its Bitcoin and Bitcoin Cash holdings to creditors, primarily former clients, starting in July.
The announcement did not specify the exact date or the timeline for the repayments.
The crypto market reacted poorly to this news, with Bitcoin dropping nearly 4% since the announcement this morning.

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Jun 22

Daily Brief Crypto: Crypto Moves #33 – Dazzling Positivity on the Horizon and more

In today’s briefing:

Crypto Moves #33 – Dazzling Positivity on the Horizon

Crypto Moves #33 – Dazzling Positivity on the Horizon

Today’s edition of Crypto Moves builds on this week’s Crypto Crisp, where we advocated a bullish outlook on the crypto market.
I have examined all of our charts to find every reason to maintain a long position in the current crypto market. Let us dive in.
From this week onwards, we anticipate a significant increase in liquidity over the next few months. This liquidity forecast model has been highly accurate in recent months.

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Jun 18

Daily Brief Crypto: Crypto Crisp: Imminent Surge in Liquidity and more

In today’s briefing:

Crypto Crisp: Imminent Surge in Liquidity

Crypto Crisp: Imminent Surge in Liquidity

Last Wednesday, the U.S. Consumer Price Index (CPI) for May was released, showing soft inflation.
However, during the U.S. Federal Reserve’s (FED) subsequent FOMC meeting on the same day, the Fed was more hawkish than expected, indicating only a 25 basis points interest rate cut this year.
This led to declines across the crypto market.

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Jun 14

Daily Brief Crypto: Crypto Moves #32 – Exploring the U.S.-based Bitcoin ETFs Basis Trade and more

In today’s briefing:

Crypto Moves #32 – Exploring the U.S.-based Bitcoin ETFs Basis Trade

Crypto Moves #32 – Exploring the U.S.-based Bitcoin ETFs Basis Trade

On Monday’s Crypto Crisp, we briefly discussed the Bitcoin basis trade, a strategy in futures markets that exploits the difference between an asset’s spot price and its futures price, known as the ‘basis.’
Since this strategy involves taking both long and short positions of similar size, it is considered market-neutral, meaning it does not by default impact the asset’s price.
Given its market-neutral nature, one might wonder why the Bitcoin basis trade is worth discussing.

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Jun 12

Daily Brief Crypto: ETF Flows Shine As BTC Flirts With Range Highs and more

In today’s briefing:

ETF Flows Shine As BTC Flirts With Range Highs

ETF Flows Shine As BTC Flirts With Range Highs

BTC Spot ETFs see record inflows, signaling strong market interest despite flat prices.
Market structure remains bullish as BTC consolidates near all-time highs, indicating potential breakout.
Altcoins suffer double-digit drawdowns amid BTC’s resilience, highlighting market dispersion.

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Jun 11

Daily Brief Crypto: Crypto Crisp: How Much of the Bitcoin ETF Inflow Comes from Basis Trading? and more

In today’s briefing:

Crypto Crisp: How Much of the Bitcoin ETF Inflow Comes from Basis Trading?

Crypto Crisp: How Much of the Bitcoin ETF Inflow Comes from Basis Trading?

Here is to another week in crypto, following an exceptionally strong performance for U.S.-based Bitcoin spot ETFs last week.
Over the five trading sessions, these Bitcoin spot ETFs saw total net inflows of $1.829 billion.
Last Tuesday was particularly notable, with the ETFs experiencing their second-best day since their launch on January 11, bringing in a net inflow of $887 million.

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Jun 08

Daily Brief Crypto: Crypto Moves #31 – Do Not Fear Mt. Gox Repayments and more

In today’s briefing:

Crypto Moves #31 – Do Not Fear Mt. Gox Repayments

Crypto Moves #31 – Do Not Fear Mt. Gox Repayments

It should come as no surprise that 2022 was rife with contagion in the crypto industry.
Numerous crypto companies went bankrupt, many due to fraud.
Now, the majority of these bankruptcy cases are nearing their conclusion, and some have already been completed, allowing creditors – primarily clients with assets stuck in these firms – to receive the remaining assets.

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Jun 05

Daily Brief Crypto: April Showers Bring May Flowers and more

In today’s briefing:

April Showers Bring May Flowers
Crypto Crisp: Three In A Row

April Showers Bring May Flowers

BTC Spot ETFs Net $2Bn in May: Discover how consistent ETF inflows are driving Bitcoin’s impressive rally and near all-time highs.
BTC Market Structure Insights: Learn about the consolidation patterns and market scenarios that could lead to Bitcoin breaking new highs.
Upcoming Token Unlocks: Stay informed about significant upcoming token unlocks and their potential market impact.

Crypto Crisp: Three In A Row

In the past one and a half months, exchange-traded crypto funds have been launched in two countries.
Hong Kong introduced both Bitcoin and Ethereum exchange-traded products in late April, followed by the UK doing the same last week.
Tomorrow, Australia will launch its Bitcoin spot ETF, but like the recent launches in Hong Kong and the UK, we do not expect it to be a major success.

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May 31

Daily Brief Crypto: Crypto Moves #30 – The European Union’s MiCA Removes Tether from the Market and more

In today’s briefing:

Crypto Moves #30 – The European Union’s MiCA Removes Tether from the Market

Crypto Moves #30 – The European Union’s MiCA Removes Tether from the Market