Market Overview

Hindsight is as they say 20/20 vision.

Looking at the Bitcoin chart on the monthly it was clearly evident that bearish divergence was flashing and buyers were exhausted. Important data relating to $BTC whale wallets selling for the 1st time in years or even a decade was showing large volumes being sold.

(A very interesting narrative emerged as a result with ZCash price simultaneously spiking as the talk was Bitcoin Ogs were moving into ZEC – more on that later).

We had the inconvenient truths of :

– 10/10 liquidation of over $20B shocking liquidity on most exchanges.
– Reddit user post “You just draw a vertical line on a specific date, in my case Oct 6, 2025.” The exact local top of $126 000.
– 1050 days measured from 21 Nov 2022 (historical average).
– Bitcoin broke correlation with the equity market, and precious metals.

We have also witnessed the re-emergence of privacy coins, we look at whats happening and the current trends.

Our Project Research for the month takes a deeper look into Deriverse.

Just when we thought ICO platforms were so 2017, Coinbase goes and launches one and pushed into the token launch sector.

Bitcoin once rose and fell almost in sync with the global M2 money supply, but thats changed rapidly in recent months, we explain just why!