Bitcoin prices continue to tread water today, still sitting at the foot of Tuesday’s decline. The market has settled into a tight range here and last night’s FOMC minutes failed to deliver any meaningful directional cues. As such, focus is firmly on Powell’s speech tomorrow with price action likely to remain muted ahead of that event. Given the difference in how Bitcoin operates versus other assets, namely the blockchain function, one of the interesting things about the market is the amount of analytical data offered up. On chain analytics can be thought of as similar to order flow analysis and this week there have ... (full story)