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Opening Bell - Issue 43

Research11 February 2025Copper
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Prepare for the week with key data points and trends in the digital asset marketplace.

Opening bell | Issue #43 report highlights:

  • Ethereum has been inflationary for 300+ days, with supply exceeding
    pre-Merge levels. Despite 13M ETH being liquid staked, the market supply balance continues to decline.
  • Gold: Perhaps real, perhaps fantasy.
  • Bitcoin ETF inflows arrive with a diminishing price impact. Investors are less willing to buy at a premium, though fundamentals remain strong. There remains a very strong relationship between price and ETF holdings, at least for now.


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Opening Bell | Copper