Tide Capital: Is the Market Bottoming Out After July's Plunge?

July 15, 2024--Abstract
The German government has transferred all seized Bitcoins to exchanges, with the sell-off largely absorbed. Concurrently, Bitcoin spot ETFs saw significant net inflows in July, indicating U.S. investors are buying the dip. The Nasdaq continues to hit new highs, favoring risk assets. We believe BTC will rebound once market sentiment stabilizes.

Altcoins have undergone significant corrections, helping deflate market bubbles and fostering healthier conditions for the crypto market. Market concentration is increasing, suggesting holding BTC and ETH may continue to outperform.

Market Sell-off Subsiding, Bottom Formation Underway

German Government Sell-off Pressure Absorbed

The Saxony police confiscated nearly 50,000 Bitcoins in January and gradually began selling them from mid-June, totaling over $3 billion, triggering market declines. Currently, all these Bitcoins have been transferred to exchanges, mitigating future sell-off impacts.

WTO issues new edition of World Tariff Profiles

July 7, 2025-The WTO published on 7 July the 2025 edition of World Tariff Profiles, which provides comprehensive data on the tariffs and non-tariff measures imposed by over 170 economies. It is a joint publication of the WTO, the International Trade Centre (ITC) and UN Trade and Development (UNCTAD).
The publication provides summary tables listing the average "bound" (maximum) tariffs and applied tariffs for each economy for both agricultural and non-agricultural products as of end-2024.

Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective

July 3, 2025-Tokenization unlocks efficiencies like instant settlement, 24/7 trading, and fractional ownership-but real-world adoption depends on solving infrastructure and regulatory challenges, not just technology.
Market makers face key friction points in tokenized markets: fragmented liquidity requiring pre-funding across blockchains, lack of product-market fit without real demand, and operational complexity from 24/7 trading.