A mesmerizing website is tracking crypto trades around the world.
Fiatleak aims to show transactions happening in real time, using data from a number of crypto exchanges including Binance, Bitstamp and OKEx. A post on the site recently caught fire on Twitter.
While the site doesn’t show new fiat entering the market for the first time, it does show buyers and sellers making crypto trades by the thousands.
The site tracks all of the coins in the top 10 and beyond.
The CEO of Singapore-based hedge fund manager Three Arrows Capital recently offered his analysis on how much capital he believes is sitting on the sidelines, ready and waiting to enter the crypto market.
According to Su Zhu, hedge funds and holding companies are sitting on about $2 billion in cash. He pegs another $2 billion sitting in Tether and other stablecoins that could quickly move into Bitcoin and altcoins. And last but not least, Zhu estimates the amount of fiat deposits sitting on crypto exchanges at another $2 billion.
Theres an estimated $2B in cash sitting at crypto funds/holdcos. Theres another $2B+ sitting in stablecoins, and another $2B sitting at exchanges/silvergate/signature.
This is $6B fiat already onboarded to crypto to buy your bags. Imagine thinking we need new money to hit $10k.
— Su Zhu (@zhusu) February 18, 2019
Meanwhile, economist Alex Krüger is offering his take on what’s needed to trigger the next bull run. In a new tweetstorm, Krüger says renewed interest in crypto from retail investors is an absolute must to push the price of Bitcoin above $4,200.[the_ad id="42537"] [the_ad id="42536"]