As the institutional investment story continues to unfold, on-chain statistics show that the continued accumulation of BTC in major addresses is still ongoing, with a 9% increase in the past 30 days alone. This was somewhat offset by the 10-100BTC decrease in addresses, indicating that smaller “whales” thought the opportunity to make a profit was too good to pass up.
The year started with an increasing increase in volatility and trading volume, with BTC sets a new all-time high at $ 41,941 before falling back below $ 32,000. In addition, annual volatility peaked at 97%, a figure not seen since April 2020.
The latest bi-weekly newsletter from Cointelegraph Consulting looks at the impact of futures funding rates on the market. With investors eager to take advantage of Bitcoin’s skyrocketing prices, funding rates hit new highs, exposing the market to high risk from overloaded positions.
Read the full newsletter edition here for more news and alerts, complete with detailed charts and images.
Cointelegraph’s Market Insights newsletter shares our knowledge of the fundamentals that move the digital asset market. With market intelligence from one of the industry’s leading analytics providers, Santiment, the newsletter delves into the latest data on sentiment on social media, measurement data in the chain and derivatives.
We also cover the industry’s most important news, including mergers and acquisitions, changes in the regulatory landscape, and enterprise blockchain integrations. Sign up now to be the first to receive these insights. All previous editions of Market Insights are also available at Cointelegraph.com.