Analyst Forward Outlook November 2022

In this month’s outlook we're examining:

• Bitcoin spot exchange reserves drop by 25%
• Layer 2 chains offer high rewards and low fees, for now
• Ethereum staking inflows hold steady
• Positive funding rates foster month-on-month growth for open interest
• Stablecoins present a mixed picture as market segments moves in different directions
• Bitcoin continues trading above key trend line