Opening Bell - Issue 38
Research3 December 2024Copper
Prepare for the week with key data points and trends in the digital asset marketplace.
Opening bell | Issue #38 report highlights:
• 37%: Bitcoin’s monthly gain driven by provable fundamentals, not hype.
• 55%: Current downside risk to Bitcoin’s 200-week SMA, compared to March’s record.
• $1.9bn: ETF flows needed to purchase 20,000 BTC and push Bitcoin to $100,000.
• 2 months: Bitcoin in overbought RSI territory this year, now entering its third.
• $25 billion: Binance’s USDT holdings, 68% of all exchange-held Tether.
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