Slow recovery ahead?

K33 Research Pro

For Professional and Institutional Investors

05 Aug 2024

Slow recovery ahead?

Volumes near all-time highs, biggest leverage flush since August 2023, largest high/low spread since the FTX collapse, in a manic correlation 1 moment.

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Massive correlated shakeout

A worldwide market shakeout left BTC down -17% on the week, while ETH underperformed significantly, seeing weekly returns of -26%. Crypto and S&P correlation has strengthened as macro fears intensify amidst a strengthening yen and growing recession fears. August 5 saw a high-low spread of 18.8%, the largest seen since the FTX collapse. 268,803 BTC traded in the spot market, the highest amount since Binance’s zero fee regime in 2022-2023.

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Slow recovery ahead?

Massive correlated shakeout

CME traders managed through the madness

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