Only one thing moved in crypto. Stablecoin supply went from 302 to 296, its biggest move since October 2025.
3.4× its usual move
Stablecoin supply went from 302 to 296, its biggest move since October 2025. Stablecoin supply growth moved from -2.0% to -3.3%.
2.5× its usual move
Bitcoin-ETF realized vol moved from +23.5% to +28.0%. Bitcoin realized vol moved from +22.3% to +25.0%.
1.9× its usual move
Bitcoin-dollar co-movement went from -0.34 to -0.28, its biggest move since October 7. Bitcoin beta to the S&P went from +1.53 to +1.64.
1.4× its usual move
Bitcoin deepened to -10.0% on the month (from -3.2%), its biggest move since September 16.
No fresh reading in this group. Bitcoin miner revenue went from 49,242,369 to 41,266,369.
Descriptive research, not investment advice