Bybit Institutional x Treehouse: Crypto Landscape in Q1 2024 Analysis & Narratives

Key Highlights:

Our latest research, co-authored with Treehouse, delivers a deep dive into Q1 performance for Bitcoin (BTC) and Ethereum (ETH), along with the narratives shaping the rest of 2024.

Throughout the report, we'll unveil the dominant players driving both centralized and decentralized exchanges (CEXs & DEXs). In addition, you'll discover how crypto adoption and innovation are taking center stage in Central and Southeast Asia. 

With the latest Bitcoin halving looming in April 2024, this report examines the historical impact of these events on Bitcoin's price and how they reinforce the coin's scarcity and reliability. You'll also discover Bitcoin's potential to hedge equity-focused portfolios. ️As we dive into on-chain metrics for BTC and ETH, including the rise of smaller wallets and the decline of larger ones, you'll be able to critically identify the key events that could fuel the next crypto bull cycle. 

Additionally, while we examine derivatives domination we’ll explore the prevalence of perpetual contracts in derivatives markets. At the same time, a shocking analysis reveals the prevalence of changes in investment behavior in crypto — with a decrease in long-term BTC holders and a rise in shorter-term strategies.