News list for " steno"
In a report on Sunday, Steno Research said that the price of Bitcoin is expected to rise from about $94,000 to as low as $150,000 next year, while the price of ETH will more than double, from $3,400 to at least $8,000. Namely, the ETH/BTC exchange rate will rise from the current 0.0357 to 0.06 in the next 12 months, similar to the price action of previous cycles, counterfeit products will be the focus of attention. Analyst Mads Eberhardt wrote: "This forecast...
The Steno Research report notes that MicroStrategy's bitcoin holdings are trading at a premium of nearly 300 percent, but it is difficult to sustain. Analyst Mads Eberhardt said that MicroStrategy's recent stock split effect is waning, while the launch of U.S. spot bitcoin ETF options will reduce investor demand for the company's shares. Additionally, the report mentions that the company's premiums have mostly stayed below 200 percent during the crypto bull market of 2021. As regulatory environm...
Steno Research 报告指出，MicroStrategy 的比特币持有量溢价近 300%，但但难以持续。分析师 Mads Eberhardt 表示，MicroStrategy 最近的股票拆分效应正在减弱，而美国现货比特币 ETF 期权的推出将减少投资者对该公司股票的需求。此外，报告提到，在 2021 年加密牛市期间，该公司的溢价大多保持在 200% 以下。随着监管环境对比特币和加密货币日益友好，投资者可能更倾向于直接持有比特币而非 Mic...
In a report on Thursday, Steno Research said that the recent period of poor performance of Ethereum (ETH) may be over, and that ETH may once again shine in terms of both the fiat and BTC exchange rates. The report pointed out that during the last round of counterfeit products, ETH rallied sharply, and the ETH/BTC exchange rate more than doubled in less than two months. This shift was triggered by a surge in on-chain activity, including decentralized finance (DeFi), stablecoin issuance...
Decentralized finance (DeFi) is making a comeback, with the total locked-in value (TVL) of the cryptocurrency ecosystem expected to hit an all-time high in the first half of next year, according to a report released by Steno Research. The report points out that interest rates are the most critical factor affecting the attractiveness of DeFi, as the DeFi market is mainly centered on the US dollar. When interest rates fall, the opportunity cost of holding stablecoins also decreases, thus increasin...
Mads Eberhardt, a senior analyst at Steno Research, said that the large-scale outflow of funds from the grey release Ethereum ETF may subside this week. Mads Eberhardt pointed out that referring to the previous grey release Bitcoin ETF, the outflow of funds decreased significantly after the 11th trading day. Since the outflow of funds from the grey release Ethereum ETF is much higher relative to AUM (asset size under management), the peak of capital outflow will occur sometime this week, and the...
Steno Research forecasts net inflows of $15 billion to $20 billion in Ethereum spot ETFs for the first 12 months. The report says Ethereum is expected to reach $6,500 later this year due to strong ETF inflows and other positives. In addition, Galaxy Research estimates that the first five months of the spot Ethereum ETF will see net inflows of $5 billion, while Bitwise expects inflows of $15 billion in the first 18 months.
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