💰 Among offshore markets Binance’s BTC market share currently stands at approximately 55%, down from over 80% a year ago.
Bybit saw the strongest increase in market share this year, growing from 2% to 9.3%. OKX’s market share also jumped to 7.3% from 3% a year ago — link
@CryptoWorldAnalysis
🥇 The new whales' initial investment in Bitcoin is almost twice the old whales' cumulative total
@CryptoWorldAnalysis
MORGAN STANLEY: 💰 Bitcoin miners are the quickest way to establish new data centers because they already have access to significant amounts of power ⚡️
Their models indicate that Bitcoin miners trade at a substantial discount to the intrinsic value of the power they secure
@CryptoWorldAnalysis
🇦🇷 Argentines are buying 💰 #Bitcoin to protect themselves from 276% inflation instead of rushing to exchange pesos for dollars, per Bloomberg
@CryptoWorldAnalysis
💰 According to glassnode, affected by the Runes minting activity, on April 20, Bitcoin miner revenue reached US$106.7 million, of which 75.444% came from network transaction fees, both reaching record highs. — link
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📊 The supply of stablecoins rose more than 14% in the first quarter as market participants continued to increase their usage — link
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🔵 45 million transactions were recorded on Base in April, 50% more than the total in March — link
@CryptoWorldAnalysis
🥇 Bitcoin's Halving Effect : The avg direct cost of production of one #bitcoin is expected to increase from $25,000 to $37,800.
@CryptoWorldAnalysis
📊 Layer 2's total value locked (TVL) surged 24.4% month-on-month, with Arbitrum One and Base driving a $5.7B increase of the total $8.4B rise in TVL — link
@CryptoWorldAnalysis
💰 Bitcoin ‘Halving’ Will Deal a $10 Billion Blow to Crypto Miners: BBG
@CryptoWorldAnalysis
💰 Bitcoin ATH break in prior cycles, it could be argued that current Euphoria phase (market in price discovery) is still relatively young.
Previous Euphoria phases have seen numerous price drawdowns exceeding -10%, with the majority being much deeper, with 25%+ being commonplace. The current market has seen just two ~10%+ corrections since the ATH was broken.
@CryptoWorldAnalysis
💰 At the end of March, BTC's 30-day realized volatility hit a peak of 83%, a level not seen since November 2022.
Since late February, volatility has consistently exceeded that of ETH, with the gap between the two assets reaching its highest level since December 2019 — link
@CryptoWorldAnalysis
🔵 Coinbase generated over $20M in revenue from Base in March '24 — link
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🪙 ETH continues to display weakness compared to 💰 BTC, with the ETH/BTC ratio declining to 0.0485, its lowest since April 2021 — link
@CryptoWorldAnalysis
💰 Solana DeFi TVL increased by 232% QoQ to $4.9 billion, ranking it fourth among networks.
Lending and yield protocol Kamino jumped from Solana’s fourth largest to the top DeFi protocol by TVL. Its lending protocol ended the quarter with almost $1.3B in TVL, an 811% QoQ increase — link
@CryptoWorldAnalysis
❄️ Transactions on the TON network have been up over 100% since mid-March, and TON is closing in on the BNB chain in terms of transactions per day — link
@CryptoWorldAnalysis
💰 Bitcoin Profit ratio of current supply is 88.8%
The last time this level was reached was on February 7, 2024, when the price was $44,000.
@CryptoWorldAnalysis
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💰 Bitcoin ETFs now hold 851k BTC, about 4.3% of all circulating Bitcoin. After starting with weekly inflows from $1.2 billion to $2.5 billion, there's been a slowdown since late March.
@CryptoWorldAnalysis
🖼 Magic Eden is now the #1 NFT marketplace, overtaking Tensor/Blur/OpenSea — link
@CryptoWorldAnalysis
💰 Bitcoin’s most explosive gains are typically post-halving — link
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📊 TVL on programmable Bitcoin layers increased 127% QoQ — link
@CryptoWorldAnalysis
📊 Layer 2s saw a significant increase in on-chain profits in March. Net on-chain profits reached $44 million, 4 times more than February — link
@Bitcoin_Crypto_Memes
🪙The Uniswap Labs fee switch has turned out be lucrative, generating over $1M in fees in some recent weeks — link
@CryptoWorldAnalysis
💰 Bitcoin markets have seen a surge in spot trade volume since the US Spot ETFs went live in early January 2024. As the market reached the $73k ATH in mid-March, daily volumes recorded a peak of ~$14.1B.
This magnitude of spot trade volume is equivalent to the height of the 2020-2021 bull market, although it has started to cool down in recent weeks, currently at $7B/day.
@CryptoWorldAnalysis
📊 Strong trading volumes on Synthetix continued in the first quarter of 2024 with over $11 billion in volume for the fourth consecutive quarter — link
@CryptoWorldAnalysis
📊 Meme tokens have experienced significant gains in Q1, with weekly trade volume hitting a multi-year high of nearly $80 billion in early March — link
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🏦 Coinbase is becoming increasingly dominant in the US crypto trading market. In just a year, its market share rose from 38% to 55% — link
@CryptoWorldAnalysis
📊 In Q1 2024 the dapp industry saw an increase of 77% in its usage, in comparison to the previous quarter, reaching 7 million daily Unique Active Wallets — link
@CryptoWorldAnalysis