Checking Bitcoin's Vital Signs
After a volatile few weeks, it's a great time to zoom out, and run a full health checkup on the Bitcoin market.
G’day Folks,
After a pretty volatile week, today seems like a good day to take stock, zoom out, and run a broad health check on the Bitcoin market. Our natural response to volatility is gravitating down to the weeds of smaller time-frames, looking over our shoulder for the next angry red candle.
Instead, I want to assess the core fundamentals that underpin Bitcoin markets, to see if we still have a robust foundation below us. We will explore the market from several perspectives:
Price performance and seasonality
Capital inflows via ETF and spot markets
Assess the financial status of BTC holders
Check in on leverage across derivatives markets
Gauge onchain activity and adoption trends
Miners, who appear to be under pressure
Let’s dig into the data, and assess how healthy the Bitcoin market is under the hood.
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