đ Exciting News! The third edition of the 'Guide to Crypto Markets,' in collaboration with Coinbase Institutional, is now available. This comprehensive report dives into key developments in the crypto markets, including price performance, on-chain analytics, industry events, and derivatives data.
đ Key Insights:
- **Market Cycles:** Despite a Q2 pullback, data suggests we are in the middle of a bull cycle that started in late 2022.
- **ETFs Impact:** Spot Bitcoin ETFs have amassed nearly $50 billion in AUM, enhancing market liquidity and attracting new investors.
- **On-Chain Activity:** Metrics like TVL and active addresses show a significant uptick, driven by lending, staking, and trading use cases.
đ Q3 Trends:
- **MVRV Momentum:** Indicates robust uptrends and improving investor profitability.
- **BTC Cycle Performance:** Current bull market shows a 400% increase, with a robust market structure.
- **BTC Spot ETF Balances:** Over $50 billion in AUM, outpacing new Bitcoin issuance.
- **BTC Futures Volume:** Increased participation and liquidity in futures markets.
For detailed insights, download the full report here.
