Analyst Retrospective: Bitcoin price action disconnected from on-chain demand signals

The March edition of our Analyst Retro is here

Copper

How to value Bitcoin continues to be a seriously debated topic despite on-chain metrics showing a clear direction in demand.

Small and medium investors have upped their take of the supply and exchange balances continue to drop.

Decentralised Finance markets are showing more parked wrapped Bitcoin and less borrowing of the cryptocurrency too. But, cash and carry plays are only showing lukewarm returns and funding rates remain flat. Copper ties things together in this report.

Read the full report here.

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THE INFORMATION CONTAINED WITHIN THIS PRESENTATION IS FOR PROFESSIONAL INVESTORS, REGULATED FINANCIAL ADVISERS AND THEIR INVESTORS ONLY. ALL INVESTMENT IS SUBJECT TO RISK. THE VALUE OF DIGITAL ASSETS MAY GO DOWN.

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