Weekly Crypto Market Round-Up

Helping EVERYONE to make better crypto investment decisions.

👇 1) Chart of the Week: ProShares Bitcoin ETF or BITO (5d rolling volume, $mln): jumped by 420% during the last week as FOMO kicks in for a Bitcoin ETF

👇 2) Crypto Snapshot: The Crypto market cap stands at 1.28trn, 12.3% larger than the week before, with avg. weekly volume of 49.9bn, 20% higher than avg.; Technical Support now at 31,000 while upside targets 40,000

👇 3) Sentiment: Our Greed & Fear Index @ 97%, while Ethereum's @ 95%. The RSI for Bitcoin is 83% (overbought) while the Ethereum RSI is at 72%

👇 4) Volatility: Realized Volatility has doubled from 22% to 45% as market makers were short calls >30,000, expect implieds to stay higher

👇 5) Volume: Bitcoin's daily volume is 10.9bn, week on week volume is 48% higher, however, volume is declining, expect BTC squeeze to 40,000; Ethereum's daily volume is 4.3bn, week on week volume is 81% higher, ETH is still underperforming BTC

👇 6) Dominance: BTC's dominance at 53.1% while BTC volume trades 2.55 higher than ETH, but dominance fails to advance further; BTC/ETH ratio is making a new one-year high as BTC continues to outperform

👇 7) Stablecoins: Tether USDT market cap is 84.5bn, 0.5% than a week ago, while volume was 36.5bn, 10% higher than avg. New USDT mints are bullish

👇 8) Fundamentals: Top 10 blockchains generated $99.4m in fees during the last week, Ethereum: 32.4m, Tron: 23.2m, Lido Finance: 12m, Uniswap: 11m; Top 4 TVL: Lido ($16bn): 8%, Maker ($8.2bn): 2.9%, JustLend ($5.7bn): 18.2%, AAVE ($5.5bn): 8.7%, Uniswap ($3.4bn): 5.7% (WoW)

👇 9) Exchanges: Avg. daily Derivatives Volume was $95bn, with Binance mkt share of 49%, OKX 19%, Bybit 16%, Deribit 7%; Avg. daily Spot Volume was $18bn, with Binance mkt share of 52%, Coinbase 8%, Bybit 8%, OKX 7%.

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Crypto Titans explains how the crypto industry started and evolved through four crypto bull and bear markets, and how everything in crypto is ultimately connected. It shows all the main players behind the three-trillion-dollar industry, and how billions of dollars have been lost in the pursuit of crypto gains. If you want to understand why and when crypto prices move up or down, this book is for you.In this book you'll learn:

  • How each of the four crypto bull markets of 2011, 2013, 2017, and 2021 unfolded, the drivers behind them, and what caused prices to correct violently during bear markets

  • How crypto markets naturally progressed, and how everything is therefore related

  • The players involved, and how they have made money—while others have lost large sums.