Ahead of the curve - February 21

21 Feb 2023

Ahead of the curve - February 21

Bitcoin has seen strong momentum in the past week, driven by no material crypto-related news, macro data, or equity correlations. This all points toward BTC’s recent buoyancy being caused by growing capital flows into the crypto market.

The crypto rally has been driven by BTC strength, with both ETH (12%) and BNB (7%) lagging behind BTC’s performance. A healthy signal from the market. Bitcoin is currently flirting with an important resistance level, trading at its range highs from the trading range that appeared after the 3AC collapse during last year’s summer. This area acted as support during the LUNA collapse in May and acted as resistance in early August. Technically, there are few resistance levels between $25,000 and $28,000, and a potent break-out could cause a strong market reaction. We explore BTC's geographic returns and new PTP guidelines potentially impacting U.S. bitcoin ETPs in this week's edition of "Ahead of the Curve".

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Ahead of the curve - Feb 21 2023

We’re moving! Arcane Research will soon become K33 Research.

As part of Arcane’s operational reorganization, we’re unifying our growing private wealth businesses under a new business unit called K33. As part of our rebranding, we’re moving to a new and improved platform and launching a new research subscription service.Look out for updates next week as we finish our transition to our new research platform. We’re excited to enter this new phase together with you.We understand that this might be confusing, so do not hesitate to reach out if you have any questions.