Kaiko's Research Factsheet provides a comprehensive overview of cryptomarkets 01_25_2021.pdf

(1107 KB) Pobierz
Research
FACTSHEET
Kaiko's Research Factsheet provides a comprehensive overview of 
cryptocurrency markets through weekly updated metrics, derived from
historical trade and order book data.
Monday, January 25th, 2020
North American Traders Dominate Bitcoin Markets
Price Movements:
As Bitcoin suffered steep losses, Ethereum and several
altcoins reached new all time highs, a divergence from typical market behavior.
Trading Volume:
Both Tether and Dollar volumes peak during North American
trading hours, notable considering the majority of Tether trades occur on Asia-
based exchanges.
Order Book Liquidity:
The shortage of bids and asks on Bitcoin order books is
correlated with an increase in long-term holders, identified using on-chain data.
Volatility and Correlations:
Ethereum is consistently more volatile than Bitcoin,
but intraday volatility for both assets is on the rise.
Subscribe to our weekly market commentary that accompanies this Factsheet here.
For an interactive version of the Factsheet, visit our website here:
https://www.kaiko.com/pages/research-factsheet
1. PRICE AND VOLUME
Fig. 1 - Percentage Price Change (7 Days)
BTC/USD
-9.99%
ETH/USD
12.95%
XRP/USD
-1.38%
Fig. 2 - Weekly Close
BTC/USD
32,293
ETH/USD
1,393.67
XRP/USD
0.27
BTC/USD
ETH/USD
XRP/USD
Fig. 3 - Price Evolution
BTC-USD Price
$40K
$35K
$30K
Jan 13
Jan 15
Jan 17
Jan 19
Jan 21
Jan 23
Jan 25
ETH-USD
$1,400
$1,200
$1,000
Jan 13
Jan 15
Jan 17
Jan 19
Jan 21
Jan 23
Jan 25
XRP/USD Price
$0.32
$0.30
$0.28
$0.26
Jan 13
Jan 15
Jan 17
Jan 19
Jan 21
Jan 23
Jan 25
Fig. 4 - Daily Return (Lines) & Daily Volume (Bars)
30%
29.97%
10,000M
20%
Daily Volume in USD
8,000M
% Price Change
10%
6,000M
0%
4,000M
2,000M
-19.34%
Jan, 05
Jan, 06
Jan, 07
Jan, 08
Jan, 09
Jan, 10
Jan, 11
Jan, 12
Jan, 13
Jan, 14
Jan, 15
Jan, 16
Jan, 17
Jan, 18
Jan, 19
Jan, 20
Jan, 21
Jan, 22
Jan, 23
Jan, 24
0M
Daily return
is
computed as the
difference between the
close price for the data
point and the close
price on the previous
day, divided by the
price on the previous
day.
Daily Traded Volume
equals the amount of
the base asset traded
against USD.
-10%
-20%
1/10
Fig. 5 - Hourly Returns
BTC/USD
3.0%
2.0%
Hourly Returns
1.0%
0.0%
-1.0%
-2.0%
-3.0%
-4.0%
-5.0%
Jan, 11
Jan, 12
Jan, 13
Jan, 14
Jan, 15
Jan, 16
Jan, 17
Jan, 18
Jan, 19
Jan, 20
Jan, 21
Jan, 22
Jan, 23
Jan, 24
Hourly Returns
5.5%
4.0%
2.5%
1.0%
-0.5%
-2.0%
-3.5%
-5.0%
Jan, 11
Jan, 12
Jan, 13
Jan, 14
Jan, 15
Jan, 16
Jan, 17
Jan, 18
Jan, 19
Jan, 20
Jan, 21
Jan, 22
Jan, 23
0M
Dec, 26
Dec, 28
Dec, 30
Jan, 01
Jan, 03
Jan, 05
Jan, 07
Jan, 09
Jan, 11
Jan, 13
Jan, 15
Jan, 17
Jan, 19
Jan, 21
Jan, 23
Jan, 25
Jan, 24
2/10
ETH/USD
XRP/USD
9.5%
7.5%
Hourly Returns
5.5%
3.5%
1.5%
-0.5%
-2.5%
-4.5%
-6.5%
Jan, 11
Jan, 12
Jan, 13
Jan, 14
Jan, 15
Jan, 16
Jan, 17
Jan, 18
Jan, 19
Jan, 20
Jan, 21
Jan, 22
Jan, 23
Jan, 24
Fig. 6 - Miracles and Disasters, Past 3 Months
Probabilities of extreme positive and negative returns
BTC/USD
5% Miracle
10% Miracle
15% Miracle
5% Disaster
10% Disaster
15% Disaster
14.44%
2.22%
2.22%
5.56%
1.11%
0.00%
ETH/USD
24.44%
3.33%
1.11%
10.00%
2.22%
1.11%
XRP/USD
17.78%
8.89%
5.56%
20.00%
6.67%
1.11%
The probability that there will be extreme daily returns of -/+5%,
-/+10% or -/+15% based on the observed frequency of such daily
returns for each pair. Calculations are made using the previous 3
months of market data.
Fig. 7 - Weekly Percentage Volume Change
Nov, 23
BTC/USD
ETH/USD
XRP/USD
15.21%
40.56%
231.50%
Nov, 30
-19.53%
-21.50%
-63.13%
Dec, 07
-25.81%
-36.32%
-4.88%
Dec, 14
111.07%
57.46%
19.94%
Dec, 21
5.47%
18.28%
58.55%
Dec, 28
44.20%
77.08%
-55.86%
Jan, 04
76.01%
189.84%
28.24%
Jan, 11
-4.62%
-23.90%
-53.72%
Jan, 18
-37.87%
0.16%
-45.39%
Fig 8 - Stablecoins Daily Price, Daily Returns, and
Volume
1.000
Price
0.995
Fig 9 - Tether (USDT/USD) Price and Volume
1.003
600M
1.002
500M
% Price Change
0.5%
0.0%
-0.5%
Price
400M
Volume
1.001
300M
1.000
Volume
40M
20M
0M
Dec, 27
Dec, 29
Dec, 31
Jan, 02
Jan, 04
Jan, 06
Jan, 08
Jan, 10
Jan, 12
Jan, 14
Jan, 16
Jan, 18
Jan, 20
Jan, 22
Jan, 24
0.999
200M
100M
USDC
PAX
TUSD
2. EXCHANGE VOLUME
Fig. 10 - Daily Trading Volume (Per Exchange),
in USD
Coinbase
Bitfinex
Bitstamp
Kraken
Gemini
Fig. 11 - Trading Volume (Per Exchange), Past Week,
in USD
Itbit
Bittrex
bitFlyer
BTC/USD
Coinbase
5,295.15M$
40.91%
BTC/USD
Bitstamp
2,201.66M$
17.02%
Kraken
2,007.15M$
15.56%
3B
Volume in USD
2B
1B
Bitfinex
2,465.49M$
18.97%
0B
Jan, 12
Jan, 13
Jan, 14
Jan, 15
Jan, 16
Jan, 17
Jan, 18
Jan, 19
Jan, 20
Jan, 21
Jan, 22
Jan, 23
Jan, 24
Gemini
599.61M$
4.61%
Itbit
Bittrex
ETH/USD
2000M
Coinbase
4,305.68M$
43.10%
ETH/USD
Kraken
1,504.49M$
15.02%
Volume in USD
1500M
1000M
Bitstamp
1,130.65M$
11.30%
Bitfinex
2,402.59M$
24.15%
500M
0M
Jan, 12
Jan, 13
Jan, 14
Jan, 15
Jan, 16
Jan, 17
Jan, 18
Jan, 19
Jan, 20
Jan, 21
Jan, 22
Jan, 23
Jan, 24
Gemini
449.43M$
4.46%
XRP/USD
150M
Bitstamp
168.67M$
41.82%
XRP/USD
Kraken
79.89M$
19.75%
100M
50M
Bitfinex
92.68M$
22.94%
Coinbase
64.34M$
14.75%
0M
Jan, 12
Jan, 13
Jan, 14
Jan, 15
Jan, 16
Jan, 17
Jan, 18
Jan, 19
Jan, 20
Jan, 21
Jan, 22
Jan, 23
Jan, 24
3/10
Fig. 12 - Exchange Weekly Percentage Volume Change
BTC/USD
Coinbase
Bitfinex
Bitstamp
Kraken
Gemini
Itbit
Bittrex
bitFlyer
Coinbase
Bitfinex
Bitstamp
Kraken
Gemini
Itbit
Bittrex
Coinbase
Bitfinex
Bitstamp
Kraken
Bittrex
Nov, 16
47.05%
55.59%
13.47%
60.40%
58.38%
75.60%
99.03%
174.77%
90.16%
108.49%
95.49%
62.38%
76.05%
-5.86%
122.01%
605.77%
926.29%
205.17%
562.98%
681.14%
Nov, 23
9.36%
40.40%
6.85%
2.22%
31.22%
10.09%
32.78%
57.11%
36.18%
22.24%
58.29%
44.18%
96.32%
141.46%
47.02%
240.57%
264.00%
170.30%
292.91%
140.96%
Nov, 30
-16.68%
-22.56%
-29.44%
-8.34%
-28.99%
-10.10%
-26.54%
6.33%
-33.20%
-9.66%
-1.62%
-20.71%
-39.13%
-9.95%
-13.98%
-64.48%
-71.36%
-53.11%
-64.13%
-48.52%
Dec, 07
-19.46%
-41.15%
-15.91%
-25.19%
-30.64%
-16.63%
-32.80%
-69.71%
-29.67%
-62.57%
-7.10%
-39.06%
-36.85%
-44.75%
-42.38%
-2.32%
-14.15%
2.47%
-20.69%
6.57%
Dec, 14
112.28%
136.80%
116.81%
83.79%
97.35%
96.58%
73.63%
127.93%
59.46%
142.75%
11.61%
45.79%
59.23%
76.79%
36.77%
30.71%
35.25%
-11.33%
35.94%
17.85%
Dec, 21
1.95%
12.60%
1.86%
15.50%
4.78%
-11.86%
8.27%
-49.58%
25.20%
15.31%
3.19%
15.93%
55.32%
-1.03%
19.01%
47.34%
85.27%
63.01%
73.80%
33.08%
Dec, 28
52.70%
33.31%
44.60%
47.17%
27.21%
22.30%
11.81%
34.90%
75.54%
73.27%
63.59%
105.08%
90.46%
44.92%
37.05%
-58.06%
-57.36%
-49.75%
-56.49%
-44.33%
Jan, 04
71.20%
79.61%
96.53%
51.69%
128.28%
60.32%
91.42%
37.55%
184.70%
255.97%
178.00%
141.52%
179.30%
177.87%
118.42%
19.64%
44.95%
23.52%
48.45%
34.02%
Jan, 11
-8.06%
1.73%
-14.52%
4.94%
11.22%
-6.44%
4.10%
-9.43%
-19.25%
-32.26%
-29.77%
-18.04%
-24.03%
-14.45%
-19.88%
-53.24%
-59.17%
-51.46%
-52.00%
-62.86%
Jan, 18
-34.86%
-42.56%
-39.58%
-34.19%
-44.53%
-43.26%
-37.81%
-47.48%
3.14%
5.84%
-3.81%
-2.27%
-13.01%
-43.66%
-10.34%
-74.12%
-23.35%
-9.90%
-39.01%
-59.63%
ETH/USD
XRP/USD
3. VOLATILITY & CORRELATION
Fig 13 - Realized 20-day Volatility of Cryptoassets, Stablecoins, and
Traditional Assets
The annualized volatility of each asset
represented in this
box-and-whisker plot
is
derived from the
annualized 20-day rolling
standard deviation of daily log returns.
The
assessed timeframe is 6 months. This
representation of volatility depicts the
spread of volatility for each asset, showing
the overall distribution of volatility. The line
that separates each box is the median and
data is separated in 4 quartiles.
150
Annualized Volatility
100
50
BTC/USD
ETH/USD
0
BTC/USD
ETH/USD
GOLD
Nasdaq
S&P 500
GOLD
Nasdaq
S&P 500
Fig 14 - Realized 20-day Volatility
150
Annualized Volatility
100
50
0
Dec, 02
Dec, 04
Dec, 08
Dec, 10
Dec, 14
Dec, 16
Dec, 18
Dec, 22
Dec, 24
Dec, 30
Jan, 04
Jan, 06
Jan, 08
Jan, 12
Jan, 14
Jan, 19
Nov, 03
Nov, 05
Nov, 09
Nov, 11
Nov, 13
Nov, 17
Nov, 19
Nov, 23
Nov, 25
Nov, 30
Jan, 21
4/10

Plik z chomika:

Inne pliki z tego folderu:

Inne foldery tego chomika:

Zgłoś jeśli naruszono regulamin