Nov 25, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — Trump's Planned Crypto Advisory Council

President-elect Donald Trump has pledged to establish a crypto-friendly administration, which includes forming a new advisory council for the cryptocurrency industry. Major companies like Ripple, Kraken and Circle are vying for positions on this council to influence U.S. digital asset policy.

The council is expected to be based within the White House, likely under the National Economic Council, and will coordinate policies related to cryptocurrencies, advise Congress and help create a national Bitcoin reserve. Industry leaders, including executives from Coinbase and Circle, have expressed interest in joining.

Trump’s transition team is also considering appointing a "crypto tsar" to lead the council. Former CFTC officials, such as Heath Tarbert and Brian Quintenz, are advising on crypto policy as the administration seeks to roll back Biden-era enforcement actions against crypto companies.

While excitement over a pro-crypto administration has contributed to Bitcoin's surge toward $100,000, some consumer groups have raised concerns about the industry shaping its own regulations. 

Weekly Crypto Highlight — Bitcoin Tests $100,000 as ETF Flows Intensify

U.S. Spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, accumulating over $30 billion in total net inflows since their inception in January 2024. This surge in investment reflects a growing interest in Bitcoin, as well as a favorable market environment.

The rise in net inflows and trading volume can be attributed to heightened bullish sentiment in the market, particularly following the re-election of former president Donald Trump. His return to the political forefront has sparked optimism among investors, contributing to increased confidence in cryptocurrency investments.

As a result of this influx of capital, the total net asset value of these Bitcoin ETFs has exceeded the $100 billion mark as of Wednesday, Nov 20, 2024. This achievement underscores the growing acceptance of cryptocurrencies in mainstream finance, and highlights the potential for continued growth in this sector. The strong performance of these funds signals a robust demand for Bitcoin, and could pave the way for further developments in cryptocurrency investment.

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Weekly Institutional Insights: Bitcoin Tests $100K as ETF Flows Intensify

Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

Trading

The commodity channel index highlights overbought and oversold cryptos. Learn how to gauge trend strength with our CCI indicator guide.

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Buying and selling cryptocurrencies in a challenging, volatile environment becomes easier when using technical indicators. These indicators can help crypto traders make better trading decisions because they give an unbiased view of the underlying coin.

The secret to using indicators to understand price movements is to keep it simple. One effective tool to use is the commodity channel index indicator, which helps give you an overview of what the price is doing. It’s one of the profitable momentum-based indicators that shows potential price reversal points, including the trend’s strength. 

Making trades using the CCI indicator requires an understanding of how it works, along with practical trading knowledge. We’ll explain how the CCI indicator works in the cryptocurrency market, and how to build a profitable trading strategy by combining the CCI oscillator with other indicators. 

What Is the Commodity Channel Index Indicator? 

The CCI indicator is an analytical tool used to find possible oversold and overbought levels of a trading instrument. In addition, investors can use it to find the strength of a trend in order to find potential buying and selling opportunities.

The CCI indicator was developed by technical analyst Donald Lambert in 1980. It was intended to find the average mean price over a specific time. While creating this indicator, Lambert considered using it in the commodity market. Its use is still applicable in modern cryptocurrency trading.

The CCI indicator’s value is higher when price moves above the average for a particular time. As a result, the market trend is then considered stronger. On the other hand, if the CCI is lower and the price is below the average level, we can consider the current trend as weak.

Let’s see how trend strength and weakness are indicated in the price chart below:

The CCI indicator considers several elements in its calculation method. For a 20 period CCI, the calculating method is as follows:

In this calculation, the value of 0.015 is a constant defined by the creator of this tool. The use of this constant value keeps the majority of CCI values oscillating within the +100 to −100 range.

The SMA is calculated by adding together the 20 previous typical prices, and dividing by 20.

Ultimately, success in technical analysis depends on how a trader utilizes the tools at their disposal. 

The primary way to trade using the CCI indicator is to find the overbought and oversold zones of a range-bound market to open a buy position from low and sell from high.

Ideally, the price has a higher possibility of decreasing during an overbought market scenario. On the other hand, in an oversold state, a price increase is highly probable. In that case, traders can take long positions when the CCI indicator is above 100. Similarly, they can close their existing buying positions if the CCI level moves to 200, an extremely bullish position.

The daily BTC/USD chart above shows how the bullish trend becomes stronger when the CCI indicator moves above 100. Later on, the bullish trend extends for more than a month, and reverses when the CCI level reaches the extreme of 200.

In a range-bound market, a CCI indicator level of 100 is considered an overbought zone, while −100 indicates a solidly oversold zone. Therefore, traders should mark the top and bottom of a range and find the CCI level in that area to find their trading opportunities.

The above image shows how overbought and oversold indications work in a range-bound market. If traders can use CCI levels to take advantage of the major market trend, it’s more likely to result in profits.

The price of a trading instrument moves like a zigzag, with the formation of swing highs and swing lows. Indicators from the momentum class usually follow those swing levels, but in the case of a divergence, investors might find the price moving in one direction and the indicator in another. This is a strong sign of a price reversal, in which investors can easily open buy or sell trades using the CCI divergence.

The above intraday BTC/USDT chart shows the price making a new lower low, indicating bearish pressure. Meanwhile, the CCI indicator fails to create a new low and instead forms a higher low. As a result, the price moves up from that swing, indicating a trend change.

When using technical analysis, traders need broad knowledge about how some top-tiered indicators work in order to find the best one. The CCI indicator can be profitable for cryptocurrency trading, but this doesn’t mean that all traders should start using it right now. The ultimate goal is to build a good trading strategy — and in order to do that, basic knowledge of all top-tiered indicators is mandatory.

 indicator is the average price of up and down closes for a specific time, generally 14 days. This indicator is shown in a separate window and moves from 0 to 100, where a level above 70 is overbought, and below 30 is oversold.

Both the CCI and RSI are momentum oscillators, and they can produce bullish and bearish divergences which occur when new peaks and valleys in the price charts move in different directions from the indicators. These divergences show strong trend reversal signals in which the RSI is more reliable than the CCI indicator, due to its effectiveness and simplicity.

The stochastic oscillator is another indicator from the momentum class that compares the particular closing of a trading asset over a certain period. It’s a range-bound indicator that moves from 0 to 100. Any reading over 80 is considered overbought, and below 20 oversold The stochastic oscillator can signal reversals by forming a divergence with the price. The most prominent weakness of this indicator is that it can produce false reversal signals during a strong trend.

Both the CCI indicator and stochastic oscillator can generate bullish and bearish signals, with the CCI being more price-sensitive. Therefore, traders with two or more confirmations might obtain more reliable signals from the CCI indicator.

 is a momentum indicator that moves in vertical lines below and above the neutral (zero) line. It includes an exponential moving average (EMA) that tracks the most recent price changes. MACD is more complex than other momentum-based indicators, and can produce the most accurate regular divergences. Additionally, traders can anticipate the trend’s strength by looking at how MACD histograms emerge above or below the neutral line.

The above image shows the MACD histogram moving above the zero line while the CCI is above 100. As a result, the price feels a strong bullish pressure and moves up, creating a new higher high.

Best Commodity Channel Index Indicator Pairings

In technical analysis, using two or more indicators is the basic way to find a reliable price direction. Unfortunately, indicators lag to some degree, and are based on fixed calculations. Therefore, relying on a single indicator means looking at the chart from only one side. Successful traders combine two or more indicators, which lets them see the price from at least two different angles.

Fibonacci numbers and CCI indicators are both advanced trading tools that many expert traders include in their arsenals. The CCI indicator shows the overbought and oversold conditions, with a possible price reversal point. On the other hand, 

 can indicate the best suitable buying point for a crypto asset. Among different Fibonacci retracement numbers, 38.2%, 50.0% and 61.8% are most effective. 

In this trading method, investors join a trend after completing the initial swing. After making a new high, the price should come closer, with any bullish rejection from 38.2%, 50.0% or 61.8% considered a potential buying point. Meanwhile, the CCI indicator should remain in the oversold zone, working as an additional confirmation to the buying trade.

Let’s see how the Fibonacci retracement and CCI indicators can work together in the cryptocurrency market:

The above 4-hour intraday ADA/USD chart shows the existing bullish trend retracing lower to the 61.8% Fibonacci retracement level and forming a bullish reversal candlestick pattern. Meanwhile, the CCI indicator remains at the oversold level, pointing out a bullish reversal in the price.

On-balance volume (OBV) measures the accumulation and distribution phases of a trend using volume and price movements. If the current day’s closing price is above the previous one’s, the day’s volume is added to the OBV calculator. On the other hand, if the current closing price is below the last day’s closing price, the volume is deducted from the OBV.

Let’s look at how to buy a crypto asset combining CCI and OBV:

In the 4-hour ETH/USD intraday chart above, the price makes a new low, but OBV forms a new high, which is a strong sign of divergence. After that, a bullish reversal candlestick pattern forms while the CCI remains in the oversold zone. As a result, the price moves higher with an impulsive bullish pressure and initiates a bullish trend.

 is a trend-following indicator that moves with the price in the main window. It is represented as a series of dots below or above the price that works as a dynamic support or resistance level. This indicator is suitable for finding the most recent price reversal zones, which makes it effective for intraday trading. 

The CCI indicator and parabolic SAR work well for both scalping and day trading, where investors should match the market direction with the overall trend. In that case, another indicator, the dynamic 20 EMA, complements this strategy perfectly. If the price moves below the 20 EMA, the market direction will be bearish, and above the 20 EMA will be bullish.

Let’s see how to make a buy trade using both the CCI indicator and parabolic SAR:

The above image shows how the price and parabolic “dot” move above the dynamic 20 EMA. The buy trade is valid on the closing candle, where the dot appears above the EMA. Meanwhile, the CCI indicator is above 100, which is a sign of a strong trend. The bullish possibility is valid as long as the price remains above the most recent swing low.

The commodity channel index indicator is an effective technical tool for finding the overbought and oversold areas on a trading chart. Additionally, investors can use it to find bullish and bearish divergences where the current trend may lose momentum.

However, like other technical indicators, it has some drawbacks. It does a relatively poor job of finding the tops and bottoms of a trend. Therefore, the best approach is to use it as a significant trend continuation tool, where trading entries come after a minor correction. In addition, using the CCI indicator in conjunction with other analytical tools is recommended.

Commodity Channel Index: Applying CCI Indicator’s Momentum to Crypto

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