Cointime

RECENT

Ancient Supply, Mt Gox, and US Government Coins

This week, the market experienced a sharp sell-off, following what turned out to be false rumours related to distributions by the Mt Gox Trustee, and the US Government. Add to this the revival of 3.2k ancient Bitcoin, and the market found itself amidst serious volatility.
Ancient Supply, Mt Gox, and US Government Coins

Bitcoin Miners' Aggregate Profit Margin Reaches $13.6B Since Inception

According to data from Glassnode, Bitcoin miners have earned a total revenue of $50.2 billion from block subsidies and fees since the cryptocurrency's inception. The estimated input cost for mining during this time was $36.6 billion, resulting in an all-time aggregate profit margin of $13.6 billion, a 37% increase.
Bitcoin Miners' Aggregate Profit Margin Reaches $13.6B Since Inception

The Allure of Profit

After an incredible quarter of price performance, Bitcoin price action has taken a breather. In this edition, we evaluate participant spending behavior to assess the markets conviction towards the prevailing trend.
The Allure of Profit

Is the Bitcoin Bear Behind Us?

Bitcoin has posted the strongest price performance since the market all-time-high, with several on-chain indicators signalling strength in support. In this edition, we assess whether the Bitcoin Bear may be behind us, and if a robust recovery is underway.
Is the Bitcoin Bear Behind Us?

Simulating Shanghai Sell-side: Investigating the Ethereum Unlock

The highly anticipated Shanghai/Capella hard fork is scheduled to take place on 12-April-2023, which enables withdrawals of staked ETH. In this piece, we establish cohorts of stakers, and assess the potential sell-side pressure which may occur due to the unlock event.
Simulating Shanghai Sell-side: Investigating the Ethereum Unlock

The Binance Stablecoin Shuffle

With Binance firmly in the cross-hairs of US regulators this week, we investigate how the market has responded by deep diving into net coin flows through the exchange. We also assess the supply dynamics of Bitcoin, to gauge the shaking of holder confidence.
The Binance Stablecoin Shuffle

The Price of Time

After several weeks of out-performance by Bitcoin prices, the market is taking a breather. Within this consolidation, we will gauge investor confidence in the uptrend using a suite of on-chain tools, ranging from exchange flows, to profit taking, and coin holding times.
The Price of Time

Investigating the Cost of Bitcoin Production

The Bitcoin difficulty adjustment is one of the most remarkable of Satoshi's innovations, creating a system that autonomously seeks equilibrium in the mining sector. In this article, we estimate the cost of production, and derive several metrics describing the cyclical nature of the mining market.
Investigating the Cost of Bitcoin Production

The Shrimp Supply Sink: Revisiting the Distribution of Bitcoin Supply

The supply distribution of Bitcoin continues to be a topic of great interest, for analysis of capital flows, and also for observing behaviors of investor cohorts. In this piece, we break down the BTC supply by wallet size, and explore how coins disperse over time.
The Shrimp Supply Sink: Revisiting the Distribution of Bitcoin Supply

Three Fallen Banks

After one of the most consequential weeks of 2023, the digital asset industry is short three crypto friendly banking institutions in the US. However the principle investor response thus far appears to be a seeking safety in the most trustless major assets BTC and ETH.
Three Fallen Banks