Why RFK’s idea of a Bitcoin-backed dollar is a monetary mirageCryptoSlate dives deep into RFK Jr.'s proposal to partially back the U.S. dollar with Bitcoin to explore its (un)feasibility.
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Why RFK’s idea of a Bitcoin-backed dollar is a monetary mirageCryptoSlate dives deep into RFK Jr.'s proposal to partially back the U.S. dollar with Bitcoin to explore its (un)feasibility. α Weekly ResearchRising unrealized profits indicate a more optimistic Bitcoin marketBitcoin's growing NUPL has spent the majority of the year above the critical 0.25 ratio, indicating the market's growing optimism when it comes to Bitcoin's performance in the short-term. The Bitcoin futures contangoThe difference between the Bitcoin's spot price and the price of futures contracts that expire in 3 months is a valuable, but often overlooked indicator of market sentiment. α Top Insights
More α ResearchAn indecisive options market keeps Bitcoin flatBitcoin's future remains uncertain as divided derivatives market keeps BTC in a tight trading range. Sideways SOPR: A prelude to Bitcoin’s next big move?Discover how Bitcoin's SOPR data reveals potential for next significant price rally. Bitcoin miner revenue stabilizes as Inscriptions demand wanesThe normalization of miner revenue and the decrease in transaction fees suggest that the market has adjusted to the Inscriptions phenomenon.
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