Crypto Brief – February 24th 2021
News
#Square has added about 3,318 $BTC to its stack, @benjaminpirus reports. https://t.co/frRshEZeTx
— Cointelegraph (@Cointelegraph) February 23, 2021
Bitcoin bet sparks rally at Japan’s most expensive brokerage https://t.co/2zuk2Efuur
— Bloomberg Crypto (@crypto) February 24, 2021
The Reserve Bank of India is concerned that cryptocurrencies may impact financial stability https://t.co/1pvkrZawwY
— Bloomberg Crypto (@crypto) February 24, 2021
Charts
BTC volume is now at the highest level since the Jan. 11 correction. Previous volume spikes coincided with extreme price moves, both up and down. Investors are in for a bumpy ride. pic.twitter.com/v84S5gLUuj
— CoinDesk Research (@CoinDeskData) February 23, 2021
Just a few days after the world's first #Bitcoin ETF started trading, its holdings are at 8,288 BTC – 2,251 were added yesterday alone.
The ETF's AUM has crossed half a billion USD, currently sitting at $564M.
Charts: https://t.co/gupWslpJDR pic.twitter.com/FMMFSDZJ7Z
— glassnode (@glassnode) February 23, 2021
HODL activity – the number of BTC accumulation addresses (which have received at least two non-dust transfers and which have not spent funds) has been increasing since early 2018. Note the spurt since the beginning of the year. (Chart from @glassnode). pic.twitter.com/XgvJqJpcz6
— CoinDesk Research (@CoinDeskData) February 23, 2021
Ethereum is on pace to settle $1.6 trillion in transactions for Q1 2021.
In the last 12 months it has settled $2.1 trillion in transactions.
Incredible scale for a technology that critics claimed couldn’t scale. pic.twitter.com/dAvZBRJgRX
— Ryan Watkins (@RyanWatkins_) February 24, 2021
Analysis
Nearly $6 billion: Crypto futures market saw the highest amount of liquidations in its history on Mondayhttps://t.co/lYuqw84EQx
— The Block (@TheBlock__) February 23, 2021
ETH put-call skew suggests bullish price sentiment has started to wane. While still negative, skew has risen over the past few months, signaling greater downside protection. pic.twitter.com/ryxtlC5hIB
— CoinDesk Research (@CoinDeskData) February 23, 2021
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