Crypto Coinfessions ✖️

07 Jun 2023 21:29

From: rubikkav.nft

#Ethereum #ETH #Crypto futures contracts in healthy markets should trade at a 4 to 8% annualized premium, wrote #cointelegraph.

According to the futures premium, known as the basis indicator, professional traders have been avoiding leveraged longs (bullish bets). 👇🏻

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Crypto Coinfessions ✖️

07 Jun 2023 20:50

Derivatives volumes decreased by 14.4% in May to $1.92tn.

The #derivatives #market now represents 79.5% of the entire crypto market (vs 78.3% in April).

This is a new all-time high for the market share of derivatives, highlighting the increased usage of leverage as the price of major crypto assets remains rangebound, after struggling to break key support and resistance levels. 👇🏻

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Crypto Coinfessions ✖️

06 Jun 2023 21:10

Tokens associated with early #DeFi projects such as #Link (LINK), #Synthetix (#SNX), #Curve (#CRV), #Uniswap (#UNI), #MakerDAO (#MKR), #Aave (#AAVE), and #Compound (#COMP) registered their lowest combined volume in since January 2020 last month.

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Crypto Coinfessions ✖️

06 Jun 2023 20:48

#BNB and #ETH were the only deflationary tokens during Q1’23 at -5.4% and -0.2%, respectively, according to #messari.

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Crypto Coinfessions ✖️

06 Jun 2023 17:23

The market cap of #crypto projects directly developing #AI models on blockchain, applying AI to decentralized applications or solving for AI-related issues is still fairly low at only 0.07% of the total across all tokens. https://social.wubits.io/share/647f4f8336a41b39b655324f?rid=63dffbc796acc11510f0903b&utm_source=telegram">Source

Crypto Coinfessions ✖️

06 Jun 2023 03:53

#Bitcoin triggered the alarms by breaking the weekly support of $26436.81 (MA200W1), together with the value of the EMA50 at exactly $25874.66.

Read The Complete Article: https://buff.ly/42qwy9u

Crypto Coinfessions ✖️

06 Jun 2023 01:21

Despite a drop in #volatility, #BTC's risk-adjusted returns are now less than #Nasdaq's.

BTC outperformed in risk adjusted terms in the first four months of the year, but it has recently fallen behind tech stocks.

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Crypto Coinfessions ✖️

05 Jun 2023 22:23

#Dominance of #Bitcoin supply has seen a dramatic shift over the last two years, according to #glassnode. US entities are now holding 11% less #BTC than they were in June 2022, whilst investors active during Asian trading hours have picked up 9.9%. Source: https://buff.ly/3OT6kcD

Crypto Coinfessions ✖️

05 Jun 2023 21:03

Average gas fee on the #Ethereum #network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot activities.

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Crypto Coinfessions ✖️

05 Jun 2023 19:00

Digital asset investment products saw outflows totaling $62m, marking the 7th consecutive week of outflows that now totals $329m. Source: https://buff.ly/45Kg5Qv

Crypto Coinfessions ✖️

05 Jun 2023 18:40

From April into mid-May, the 7-day moving average of transactions on the #bitcoin #network literally soared to new heights as Ordinals and BRC-20 tokens drummed up network activity, and consequently the average transaction fee.

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Crypto Coinfessions ✖️

05 Jun 2023 00:00

Monthly parameters suggest that #Bitcoin #BTCUSD could touch $22,942.81.

Price is being forced into a weekly correction that has led to volume loss, #volatility and low sentiment.

However, for the upward trend to continue it is necessary to break the resistance of $27724.91, which was rejected a few days ago.

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Crypto Coinfessions ✖️

04 Jun 2023 17:13

From: rubikkav.nft

ANALYSIS: Top 10 #NFT marketplaces by volume in May 📊.

1. #Blur - $446M
2. #OpenSea - $186M
3. #ImmutableX - $ 28 million.

OpenSea is losing its market dominance.

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Crypto Coinfessions ✖️

03 Jun 2023 21:15

Over the last month there has been a significant increase in the number of #Bitcoin ATMs around the world.

There are currently more than 35,000 in operation, according to the most recent Coin ATM Radar records.

In total, the number of ATMs is 35,069 , an amount that reflects a new peak after being below 34,000 since last March.

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Crypto Coinfessions ✖️

03 Jun 2023 21:04

#Ethereum Dominates #NFT Market with 60% Share, #Bitcoin NFT Sales Capture 17% of Weekly Sales Volume, according to Cryptoslam.

The NFT sales for this week saw a 39.35% growth from last week, amounting to $202.22 million in global sales.

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Crypto Coinfessions ✖️

07 Jun 2023 21:12

#Bitflyer is Japan's largest crypto exchange, with a market share of 38.0% and a trading volume of $1.51 billion in May 2023. This represented a -28.8% month-on-month (MoM) decline, having recorded $2.12 billion in April 2023. More: https://buff.ly/42nOv8V

Crypto Coinfessions ✖️

07 Jun 2023 03:44

U.S. crypto market share remains dominant but has fallen from 85% at the start of 2023 to 70% today — link

Crypto Coinfessions ✖️

06 Jun 2023 20:52

#Bitcoin supply held by entities in Asia increased by 9.9% in 2023, as the region begins introducing crypto-friendly regulation and U.S. tightens its regulatory stance, according to #cryptoslate.

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Crypto Coinfessions ✖️

06 Jun 2023 17:36

After the #FTX collapse, #Etherum #ETH #futures #trade volume collapsed to just ~$7.5B/day, according to #Glassnode.

Volumes have seen a comeback in 2023, however the 30-day average ($12.0B/day) remains well below the yearly average ($21.5B/day).

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Crypto Coinfessions ✖️

06 Jun 2023 16:56

#Ripple #XRP open interest has steadily increased in May, hovering around yearly highs of over $500 million.

XRP prices have also regained some ground, suggesting that the token is gaining momentum ahead of the long-awaited court decision in the legal dispute between XRP's issuer Ripple and the U.S. SEC.

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Crypto Coinfessions ✖️

06 Jun 2023 01:38

According to #GrandViewResearch, #DEFI Global Decentralized Finance Market was valued at USD 13.61 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 46.0% from 2023 to 2030.

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Crypto Coinfessions ✖️

05 Jun 2023 22:30

#FederalReserve’s actions, specifically its interest rate decisions, serve as an external catalyst that influences #BTC #Bitcoin’s price movements, as noted by Swissblock. More: https://buff.ly/3qjcR6c

Crypto Coinfessions ✖️

05 Jun 2023 22:19

🐳 As more and more #Ethereum has been moving into #selfcustody & #DeFi #options, many of these coins have been absorbed by the largest whale addresses on the network.

The 10 largest non-exchange addresses now hold an #AllTimeHigh 31.8M $ETH worth $59.47B.

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Crypto Coinfessions ✖️

05 Jun 2023 19:10

According to #CryptoSlate, #crypto #market saw $298.51 million liquidated in the past 24 hours, with more than 110,000 traders affected.

Data from #Coinglass showed that long traders lost $275.31 million, with Bitcoin and Ethereum accounting for $130.46 million of these losses.

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Crypto Coinfessions ✖️

05 Jun 2023 18:48

#Bitcoin 180D volatility hits a multi-year low.

According to Kaiko, #BTC and #ETH's long-term #volatility, which has been steadily declining since Nov 2022, just hit its lowest level in more than two years.

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Crypto Coinfessions ✖️

05 Jun 2023 18:30

Despite a decline in #NFT trading activity on #Blur and other #Ethereum NFT markets over the past month, Blur's lending platform experienced significant growth.

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Crypto Coinfessions ✖️

04 Jun 2023 17:22

From: rubikkav.nft

The percentage of gas consumed by #DeFi protocols has dropped from 34% in 2020 to between 8% and 16% presently, with nonfungible tokens (#NFTs) commanding the maximum share of 25–30%, according to a recent report from #Glassnode.

Glassnode’s supply-weighted price index for D...

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Crypto Coinfessions ✖️

04 Jun 2023 03:22

🤑 #Ethereum is getting a large amount of profit taking transactions after a mild +5% price jump the past week.

Typically, we want to see a lot of traders #hodling, and if this ratio comes down to earth, it would be a signal $ETH is on its way to $2,000.

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Crypto Coinfessions ✖️

03 Jun 2023 21:10

#Bitcoin miner fees stay elevated, boosting daily revenue to $1.8M, accordingt to #cryptoslate.

Uncovering the impact of Ordinals and BRC-20 tokens on Bitcoin miner fees and revenue growth.

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Crypto Coinfessions ✖️

03 Jun 2023 04:14

#Spot volumes across the major digital asset sectors also paint a similar picture. #crypto

Along with subdued #volatility and #liquidity, spot volumes have also compressed to under $20B, from falling from $40B billion at the start of the year.

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