• 2022 could potentially be the second-worst year for Bitcoin since 2011, with a YTD performance of -65%.
• Arcane Research predicts that the majority of 2023 will be less frantic and uneventful compared to the last three years, and Bitcoin will likely trade in a flat range but finish the year with a higher price than it started.
• BitStarz Player Lands $2,459,12.

2022 has been a tumultuous year for Bitcoin, with its YTD performance of -65%, making it the second-worst year for the digital currency since 2011. Physical gold (-1% YTD) has significantly outperformed digital gold, Bitcoin, in a period of high inflation. This crypto winter has been fueled by tightening macroeconomic conditions and crypto-specific leverage and miserable risk management by core market participants. BTC had followed the U.S. equity markets due to its high correlation, apart from two distinct events in 2022 – 3AC, Celsius etc. and FTX – which are responsible for the entire underperformance of BTC vs. the U.S. equities.

As the year 2023 approaches, Arcane Research has predicted that contagion effects will “probably” continue in early 2023, but the majority of the year should be less frantic and uneventful compared to the last three years. The firm expects Bitcoin to trade in a flat range throughout 2023, but to finish the year with a higher price than it did at the start. This prediction is based on the understanding that BTC has a high correlation with U.S. equities, with its outliers being responsible for its underperformance in 2022.

Finally, in a surprising turn of events, BitStarz player recently landed an incredible $2,459,12 win. This is a testament to the potential of Bitcoin and cryptocurrency, and the optimism in the industry for 2023 and the years to come.

• Bitcoin Interexchange Flow Pulse is an indicator that measures the 1-year cumulative net flows between Coinbase and derivative exchanges.
• A trend shift in this metric has historically been associated with a phase change in the market.
• The Interexchange Flow Pulse is currently crossing over its 90-day MA, which could indicate a trend reversal in the near future.

The Bitcoin Interexchange Flow Pulse is a metric that measures the 1-year cumulative net flows between Coinbase and derivative exchanges. This indicator is used to determine how much capital is flowing from spot to derivative exchanges, and can be used to predict market shifts. Recently, the Interexchange Flow Pulse has been crossing over its 90-day moving average (MA), which could be an indication of a trend reversal in the near future.

The Interexchange Flow Pulse is a useful tool for traders and investors, as it can be used to gauge the risk appetite in the market. When the value of the indicator is high, it signifies that investors are transferring more coins from spot to derivative exchanges and are willing to take on more risk. On the other hand, low values suggest that not much capital is flowing into the derivative exchanges at the moment. Historically, the Pulse has seen a consistent climb during bullish periods, staying above its 90-day MA.

It is important to note that the Pulse is not always a reliable indicator of price movements, as it does not always predict the future. However, it is still useful to keep an eye on the metric, as trend shifts in the Pulse have been associated with phase changes in the market. Now that the Pulse is crossing over its 90-day MA, it could be a sign that the crypto market is about to experience a reversal in the near future.

This means that traders and investors should pay close attention to the Pulse, as well as other on-chain metrics, in order to make informed decisions. By keeping an eye on the Interexchange Flow Pulse, one can gain valuable insights into the current state of the market, and can potentially take advantage of any upcoming trends.

Bullet Points:
– Uniswap (UNI) has surged in the social dominance department, peaking on December 25 at 20.46%.
– UNI price drops 1.26%, with critical support spotted at $5.09.
– Technical indicators show that sellers are more aggressive than buyers in the coming days, forming a descending triangle pattern.

Uniswap (UNI) has been making waves in the crypto space, reaching a peak in the social dominance department on December 25 at 20.46%. This surge in the social arena has been driven by the increased adoption of decentralized finance (DeFi). It has become one of the leading protocols in the DeFi space, allowing users to trade tokens through decentralized exchanges.

In terms of its price performance, UNI has dropped 1.26%, with critical support being spotted at $5.09. This decline could be attributed to the bearish sentiment in the market, as the coin still looks bearish. This could linger on for quite some time according to data by CoinMarketCap, with UNI trading at $5.07 and down 5.2% in the last seven days.

Looking at the technical indicators, it appears that sellers are more aggressive than buyers in the coming days. Uniswap is currently forming a descending triangle pattern, which indicates a long-term bearish trend. The upper Bollinger Band sits at $5.25, while the lower Bollinger Band is currently at $5.32, thus further indicating a bearish trend. This market pattern is expected to continue for an extended period.

Overall, Uniswap has been performing well in the social arena, but it looks bearish in the short-term. Its technical indicators suggest that the sellers are more aggressive than the buyers, which could lead to further price drops. However, Uniswap still has potential and it will be interesting to see how it performs in the coming days.

• Cardano (ADA) is 91.6% below its all-time high of $3.10, which was reached on September 1, 2021.
• On-chain analytics service Santiment has noticed a bullish divergence between price and whale activity and signs of seller exhaustion.
• Messari Research published an analysis of the state of the Cardano network, providing interesting insights into the recent developments on the platform.

Cardano (ADA) is one of the cryptocurrencies that has been hit the hardest by the bear market. Reaching an all-time high of $3.10 on the 1st of September 2021, the coin is currently 91.6% below its peak. This makes it perform much worse than its main competitor Ethereum; ETH reached its all-time high of $4.878 on November 10, 2021, and is currently about -75.4% below that level. Nevertheless, according to on-chain analytics service Santiment, there are early signs of a trend reversal.

Whales and sharks holding 100,000 to 10 million ADA have been accumulating aggressively over the past six weeks. As the analyst writes, there is currently a bullish divergence between price and whale activity. Realized gains and losses paint a bullish picture as well, with signs of seller exhaustion. “On every big price decrease there are fewer and fewer coins moving at a loss,” the analyst notes. Furthermore, the Santiment analyst says that Cardano is facing a trading volume gap in the $0.19 to $0.26 range, where he expects the price to see “serious buying.”

In addition, Messari Research recently published an analysis of the state of the Cardano network. The company looked at the recent developments on the platform, such as the activation of staking at the end of March 2021 and the launch of their new native token, ADA, in April. They also discussed the evolution of the Delegated Proof-of-Stake consensus mechanism and how it has been able to achieve scalability, security, and decentralization. They also highlighted the increasing number of developers and Dapps on the platform, as well as the growing number of exchanges and wallets that support ADA.

In conclusion, the current market conditions are not ideal for Cardano, but there are signs of a potential trend reversal. Analysts and researchers have noticed a bullish divergence between price and whale activity, as well as signs of seller exhaustion. Additionally, recent developments on the platform show that Cardano is continuing to grow and evolve. Therefore, those looking to invest in cryptocurrencies should pay close attention to Cardano and keep an eye out for any potential opportunities.