Never Waste a Good Liquidity Crisis
Sep 1, 2021
• 10
Min Read
Key Takeaways
Bitcoin stalled this week but continues to trade above its 200-day SMA. Ethereum received some late inspiration and has surged beyond $3,500 for the first time since the industry drawdown in May.Dating back to 2011, September is the only month in which $BTC has experienced a negative average return (this should not be a grave concern for investors).Bitcoin’s supply action last week was an anomaly as coins resume being removed from exchanges and LTH supply reaches an all-time high.Ethereum price action reflects similar bullish supply dynamics ushered in by EIP-1559 and ETH ...