🪙 Chainlink has hit a key level that has historically foreshadowed a price rebound. Presuming #Bitcoin and the overall #crypto sector stays relatively stable, $LINK's drop in exchange supply (currently just 15.5%) is hinting at a #bullish divergence.
@CryptoWorldAnalysis
🪙 BitcoinCash enjoyed a healthy price rebound, currently back at $214 after being as low as $180 just 2 weeks ago. Short & long term traders are both in profit for the first time since mid-June, and whales will be key to a further surge.
@CryptoWorldAnalysis
🪙 Ethereum is currently sitting at $1,700, and $ETH is standing out amongst top caps as the asset traders are growing most impatient with. Historically, when we see wallets disposing of their coins at lower values, price bounce likelihoods increase.
@CryptoWorldAnalysis
🪙 USDC's supply dominance on Ethereum has slid from 45% earlier in 2023 to <33% now. Its supply has slipped from over 41 billion before the depeg to just 24 billion this month as burns continue to outpace mints — link
@CryptoWorldAnalysis
🔴 Tron - is the most used blockchain in the world when looking at networks through the number of active users
Tron has 1.08 million users, bitcoin network is actively used by 917,123 users, Ethereum lags behind almost 3-4 times (319,648 users)
@CryptoWorldAnalysis
🏦 Base is the fastest growing layer 2, having gained 1 million unique addresses in 11 days — link
@CryptoWorldAnalysis
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💰 Roughly 20% of all Bitcoin in circulating supply is held by wallets that have 10 $BTC or less
@CryptoWorldAnalysis
🟠 Binance's BTC and ETH futures market share has continued to fall while OKX's has grown from 18% to 26% this year — link
@CryptoWorldAnalysis
📣 ZkSync Era has averaged $5.9 million in monthly revenue since March of this year; and has retained an average of 41% of it net of costs — link
@CryptoWorldAnalysis
🐸 If you are riding the wave of #memecoins during these uncertain market conditions, #Pepecoin has quickly become the top trending #crypto topic this weekend. Former team members are accused of removing $16M. Expect even more high volatility than usual.
@CryptoWorldAnalysis
🔵 In terms of protocol users share %, OpenSea was able to maintain dominance (around 70% of users share for Seaport V1.5 currently) — link
@CryptoWorldAnalysis
👋 Just 5.8% of #Bitcoin is currently sitting on exchanges, which is officially the lowest level #crypto's top market cap asset has seen since December 17, 2017. We are also continuing to see reasonable amounts of $BTC whale transactions (57.4K per week).
@CryptoWorldAnalysis
🐳 The 10 largest addresses on the #Ethereum network are now holding over 35% of the available supply. By no means does this mean the #2 asset in #crypto is suddenly #centralized, but it shows the capitulation of smaller traders showing #FUD from this dip.
@CryptoWorldAnalysis
📊 The total DeFi TVL excluding Liquid Staking is currently at $37.5 billion, the lowest point since February 2021 — link
@CryptoWorldAnalysis
🔵 Coinbase's Ethereum Layer 2 blockchain, Base, hit an all-time high TVL of almost $384 million on Sept 1. —link
@CryptoWorldAnalysis
🎢 Trading volume is still massive after yesterday's crypto-wide price pumps. #Bitcoin, in particular, is getting a big resurgence in trader interest. If $BTC stays in the $27K-$28K range, things should settle. Higher or lower, volatility is more likely.
@CryptoWorldAnalysis
🇹🇷 52% Of Turkish Adults Are Now Investing In Crypto: KuCoin Report
@CryptoWorldAnalysis
- Bitcoin price drops to $27,197.19, marking a 0.73% decrease in 24 hours 📉
- Ether experiences a 1.18% dip 💪
- Broader crypto market also shows a decline, led by ADA, SOL, and MATIC 📊
- Grayscale secures a court win against the SEC, igniting a temporary market rally 🎉
- The court decision opens potential pathways for future spot BTC ETFs 🚪
- Clara Medalie highlights signs of potential market weakness despite the rally 😕
- Modest trading volumes and a resistance level at $28,000, as noted by Clara Medalie, are causes for concern 🤔
- Garreth Soloway examines the risks if Bitcoin fails to surpass $28,000, but also suggests potential gains if more ETFs are approved ✅
#CryptoNews #Bitcoin #Grayscale #SEC #MarketTrends #ClaraMedalie #GarrethSoloway
@Bitcoin_Blockchain_Trading
🚨Massive outflow of Bitcoin from ByBit 12.5k BTC yesterday
The biggest withdrawal from Bybit ever. They now only have 21.5k BTC left on the exchange
@CryptoWorldAnalysis
💰 Blackrock is a majority shareholder in 4 out of the 5 largest Bitcoin miners.
@CryptoWorldAnalysis
🥇 Bitcoin velocity is at a 3-year low.
There are two sides to this situation. It can be seen as positive since whales are holding onto it, or negative since it's not being transferred to new investors.
@CryptoWorldAnalysis
🪙 ETH balance on exchanges reached a 5-year low of 14,736,436.895 ETH. -Link
@CryptoWorldAnalysis
🪙 Ethereum's network has picked up in large address activity during this drop below $1,650 and its highly volatile price conditions. The amount of wallets holding between 10 and 10,000 $ETH has risen back up to 355K, and $100K+ transactions have surged.
@CryptoWorldAnalysis
📊 Altcoins have at least settled down on their bleeding, but the recovery attempts of most assets have fallen flat since the crypto market tank from August 17th. Among assets that have become particularly undervalued, according to our model, are #AUCTION, $LINA, and $SRM.
@CryptoWorldAnalysis
🟠 Binance's BTC and ETH futures market share has continued to fall while OKX's has grown from 18% to 26% this year — link
@CryptoWorldAnalysis