Bitcoin Dominates
Oct 13, 2021
• 9
Min Read
Key Takeaways
Bitcoin experiences healthy consolidation following a red-hot start to October but continues to exhibit strong underlying fundamentals.BTC open interest has increased dramatically in recent weeks, but data shows that the majority of futures are cash-margined, which may point to a more robust derivatives market as compared to prior bull runs.Historical trends in Market Value to Realized Value ratio and Market Cap to Thermocap multiples suggest that despite the leasing asset’s recent impressive performance, there is still room for price to run.Historically, decisive decreases in B...