📊 After soaring in popularity in late 2021, the monthly trade volume for the top P2E tokens has fallen nearly 99% to just $3B in June 2023 — link
@CryptoWorldAnalysis
💰 Addresses holding at least 1 full bitcoin reached a new All-Time High
@CryptoWorldAnalysis
⚪️ Curve's 3pool and Uniswap V3’s main USDT-USDC pool both became imbalanced heading into the weekend as USDT selling escalated. However, this trend actually started in mid-July, with $100mn net selling on Uniswap from July 15 to July 22.
While the net selling eased in the last few weeks of July, it picked up again on July 31, the day after the Curve exploit (these two events seem to be unrelated).
@CryptoWorldAnalysis
🪙 Realized volatility for #Bitcoin has collapsed to historical lows.
Across 1-month to 1yr timeframes, this is the quietest we have seen the corn since after March 2020. Historically, such low volatility aligns with the post-bear-market hangover periods (re-accumulation phase)
@CryptoWorldAnalysis
📣 XinFin's price ascension has launched it to the #43 market cap asset, as it finally saw some retracement after hitting just above $0.91.
Notably, $XDC's development team has increased their production rate. Just wait for crowd #FOMO to settle a bit.
@CryptoWorldAnalysis
🪙 Despite market fear, USDT dominance of the total stablecoin market cap hit its highest point in over 2 years yesterday.
@CryptoWorldAnalysis
🐳 After a month of whales mildly lessening their #Bitcoin bags, we've seen some swapping of their #stablecoins for more $BTC.
If this trend continues, we could see a quick rebound of prices back to $30k and beyond.
@CryptoWorldAnalysis
💰 Glassnode has observed an uptick in BTC deposits to exchanges by large holders. Whales seem to consistently aim to suppress the market.
@CryptoWorldAnalysis
💰 Bitcoin's address activity has surged to its highest level in 3.5 months in August. This utility increase, combined with major loss transactions & negative sentiment, is a strong sign that a short-term (at minimum) $BTC price bounce is more probable.
@CryptoWorldAnalysis
🐳 Many $10M+ valued transactions have popped up on various networks today. With #altcoins volatile and continuing to shed market cap value, keep an eye on where whales are making their moves, such as $AAVE, $APE, $COMP, $IMX, $LDO, and $MDT.
@CryptoWorldAnalysis
🐳 WrappedBitcoin is seeing major activity today after a pair of 2,000 $WBTC moves that resulted in a drop in exchange supply. On-chain transaction volume is at its highest level in over a month. This is especially relevant in how $BTC can be impacted.
@CryptoWorldAnalysis
🪙 Litecoin going through a "buy the rumor, sell the news" scenario with less than 9 hours until the 16:34 UTC #halving? Social dominance has predictably jumped with many showing panic signs. Patience through the $LTC volatility is proving to be tough.
@CryptoWorldAnalysis
🖼 NFT gas usage on Ethereum reaches a 2-year low, dropping to levels recorded in June 2021. Transaction activities on NFT marketplaces currently account for roughly 1.85% of the total gas usage on the Ethereum network — link
@CryptoWorldAnalysis
📊 Smart contracts on layer 2 (L2) blockchains like Optimism, Arbitrum, and sidechains like Polygon grew 1106% Y/Y compared to Q2 2022, and saw a 302% increase Q/Q compared to Q1 2023 — link
@CryptoWorldAnalysis
📊 The ratio of trading volume on decentralized exchanges (DEXs) vs. centralized exchanges (CEXs) is at an all-time high following the Curve exploit — link
@CryptoWorldAnalysis
🪙 ShibaInu continues to stamp its authority in the #crypto space after making a 51% monthly increase amid hodling taking center stage in the $SHIB ecosystem.
@CryptoWorldAnalysis
🪙 Chainlink's #github development activity has been notably higher this summer, leading to the asset cracking the top 5 most frequent developed assets.
Additionally, whales & sharks with 100K-10M $LINK now hold the most coins since December, 2022.
@CryptoWorldAnalysis
📊 USDT and USDC take different steps after FTX and SVB crisis.
@CryptoWorldAnalysis
💰 ShibaInu has jumped another +15% in the past 24 hours alone, and a few indicators support the rally continuing.
Trading volume is supporting the pump in a big way, & it doesn't look like there are many #hodlers moving their $SHIB to exchanges to sell.
@CryptoWorldAnalysis
💰 Cardano's Github repository boasts 3x the development activity of Ethereum.
@CryptoWorldAnalysis
📣 XinFin's price ascension has launched it to the #43 market cap asset, as it finally saw some retracement after hitting just above $0.91.
Notably, $XDC's development team has increased their production rate. Just wait for crowd #FOMO to settle a bit.
@CryptoWorldAnalysis
💰 Bitcoin and #Ethereum remain firmly entrenched with the ebbs and flows of the #SP500. The dollar has risen these past couple weeks, which has historically foreshadowed market pullbacks. Look for reduced correlation as a breakout signal for #crypto.
@CryptoWorldAnalysis
💰 Bitcoin whales have accumulated a total of 27,755 $BTC between May and now.
@CryptoWorldAnalysis
🐳 There are currently 15,870 #Bitcoin addresses that hold at least 100 $BTC. Collectively, these whales own 11.5M $BTC, making up over half of the total existing supply (59.2%). Over the past 12 weeks, their collective share has risen by 27,755 $BTC.
@CryptoWorldAnalysis
🪙 Bitcoin has breached back above $30k once again, with assistance from the many traders who capitulated during the past week of price declines. Volume is rising to kick off August, & this psychological resistance cross may shift sentiment positive.
@CryptoWorldAnalysis
📣 By examining the distribution of Uniswap trade volume across different Layer 2s, we get a clearer picture.
It becomes apparent that an appreciable portion of trading has shifted from the #Ethereum mainnet across to #Arbitrum, attracting up to 32% of volume in March.
@CryptoWorldAnalysis