DalingResearch

Before you know it, 2023 is almost over. In this article, we will conduct a systematic overview and review of the changes that have occurred on the chain this year, and explore how the landscape of Bitcoin, Ethereum, derivatives and stablecoins will evolve in 2023, and how they have laid the foundation for an exciting future. The road ahead.

Summary 2023 was an unforgettable year for the crypto industry, with Bitcoin up more than 172% and a correction of less than 20%, with massive asset inflows into BTC, ETH, and stablecoins. In 2023, several important technologies and on-chain pricing models in the crypto market will break new historical records, and October is a key node for institutional capital flows. Currently, the supply of Bitcoin held by long-term holders is almost at an all-time high, and the vast majority of Bitcoins are now profitable. Major changes are taking place in the market structure, such as Tether re-establishing stablecoin dominance, CME futures surpassing Binance for the first time, and significant growth in the options market.