GSG Market Update – Feb 11, 2020

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GSG Market Update

February 11, 2020

Market Watch

Name Current Price 24h % 30d Vol 90d Vol 21d EMA 50d EMA
Bitcoin $9,757.00 -1.62% 48.70% 53.42% $9,317.17 $8,756.49
Ethereum $219.19 -1.50% 71.63% 68.32% $193.25 $174.39
XRP $0.270 -1.85% 61.34% 65.13% $0.255 $0.240
Bitcoin Cash $443.92 0.01% 131.91% 102.90% $391.23 $335.29
Bitcoin SV $352.53 2.87% 350.09% 225.92% $291.07 $238.53
Litecoin $73.34 -1.77% 91.41% 80.39% $67.06 $59.55
EOS $4.86 0.22% 95.91% 84.26% $4.24 $3.73
Binance Coin $24.50 -1.52% 73.46% 72.68% $19.69 $17.92
Tezos $2.650 2.35% 94.79% 92.70% $1.960 $1.681
Cardano $0.059 -1.41% 85.78% 78.16% $0.054 $0.048

Top Stories

Upcoming Events

  • Feb 26: Wilshire Phoenix ETF proposal decision date
  • Feb 28: CME Feb 2019 contract last trade date
  • Feb 29-Mar 4: Binance Blockchain Week Vietnam 2020 (postponed)
  • Mar 2-6: Hong Kong Blockchain Week (postponed)
  • Mar 27: CME Mar 2019 contract last trade date
  • Mar 27-28: Bitcoin 2020 (San Francisco)
  • Mar 31: Mt. Gox submission deadline for claims
  • April 2020: Bitcoin Cash Halving
  • April 4-5: Deconomy (Seoul)
  • May 12: Bitcoin Halving
  • Nov 2020: ZCash Halving / Founders’ Reward set to expire



BTC Longs-Shorts

ETH Longs-Shorts

Market Cap Return

Sector Return

Bitmex Perp Swap Daily Funding Rate

Bitmex Perp Swap Funding Rate MA Ribbon

BTCUSD vs Fear & Greed Index

BTCUSD vs Tether Market Cap


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Twitter Daily  Discussions Happening Today on Twitter

Willy Woo@woonomic
This breakout is the real deal. Fundamental investment activity is backing this $10k breakout.
Lower chart tracks investor velocity (the buy and hold people, not short term traders). This metric corrects for degradation of signal from coins moving off the blockchain onto layer 2 (exchanges etc), that was something NVT was prone to. It's proprietary to @AdaptiveFund
Caitlin Long @CaitlinLong_

HOLY COW--this won at @wyohackathon 2018 & it's now coming to fruition! Can't wait to see it at #ETHDenver. The process of business entity registration is terribly antiquated & secretaries of state should be upgrading like mad. Well done guys! @Tyler_Lindholm @ethereumJoseph

Tristan Roberts @aitherick

Heralding Etherize: Hybrid Entity Formation Services Create a Wyoming legal corporation and have it connect it to an 'ethereal' component, such as a token, multi-sig, or DAO, using our legal template collection. Try it out Thread  1/

glassnode alerts@glassnodealerts

$USDT Balance on Exchanges (1d MA) just reached a 3-month low of 419,938,110.599 USDT Previous 3-month low of 420,712,100.121 USDT was observed on 06 February 2020 

Thomas Lee@fundstrat

Best evidence that #bitcoin is in a bull market is the denial by those with no exposure... #BTFD good chatting with @KellyCNBC @PowerLunch #tylermathisen @steveliesman sman

Power Lunch  @PowerLunch

The #Bitcoin surge has wowed investors, but is it a better bet than U.S. equities for 2020 and beyond? @fundstrat's Tom Lee gives his verdict. $BTC

Conor O'Hanlon @Conor0Hanlon

A Statement by the CFTC's Director of Swap Dealer and Intermediary Oversight on 'Supporting Innovation in Digital Asset Products, including Pooled Investment Vehicles' was published today:…

Ceteris Paribus @ceterispar1bus

Whether or not optional privacy ends up being a design flaw, this does kind of kill the “privacy coins will have mass de-listings” narrative. Shielded pool is small but growing. Will be interesting to see what regulators think of this in a few years when (if?) most are private.

Coinbase Pro  @CoinbasePro

USDC ($USDC) and Zcash ($ZEC) are now available to trade on Coinbase Pro in New York.


*** Update: my 2 sats on #bitcoin price:
- 2020: btc stays above $8200 (so we are NOT dropping to $6k or $4k levels that others are predicting now)
- May 2020 halving: will be above $10k
- 2021: bull run starts after the halving and tops $100k before Dec 2021

Joyce Yang @JoyceInNYC

A good overview of some of the largest Chinese crypto investors' investments by category in 2019, compiled by our partners at @ChainNewscom Main focus on chains and trading, less on defi and STO @HashKeyGroup @FenbushiDigital @FBGCapital #ngc #idg

The EW Guy@TheEWGuy

#BTC completed min 5 waves move . The only question is are we going to see extension or not. Even in that case we need some pullback before any move higher.Extensions need higher volume than wave 3 and is usually preceded by running/expanded flat.

Joseph Young@iamjosephyoung

Funding rate for Ethereum on Binance is 0.34%. Again, this means $1,000 in daily funding when a $100k long is placed. On BitMEX, funding rate is 0.07%. What's causing this discrepancy?

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