Crypto Coinfessions ✖️

15 Jun 2023 22:35

#Bitcoin Illiquid Supply continues to grow at a rate of +119K #BTC / Month, suggesting coins continue to concentrate into illiquid wallets with a sparse history of spending, according to #glassnode.

This infers that HODLing remains the primary market dynamic.

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Crypto Coinfessions ✖️

15 Jun 2023 18:16

List of #Cryptocurrencies Considered as #Securities by #SEC, according to #cryptorank.

The number of tokens labeled as securities by the US SEC has risen to around 55 (excluding 13 tokenized stocks), following the inclusion of additional ones in the #Binance and #Coinbase lawsuit.

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Crypto Coinfessions ✖️

15 Jun 2023 18:06

Announcement of the lawsuit saw the listed #cryptocurrencies fall by varying degrees.

The #Sandbox (#SAND) fell the most, dropping -11.4% on June 6, before falling -35.0% by June 12, from $0.59 to $0.39, according to #coingecko

#Cryptocurrencies in the top 10 by #market #capitalization also saw significant drops.

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Crypto Coinfessions ✖️

15 Jun 2023 16:57

After the latest round of fears surrounding #Tether, the 3pool moved to a weight of 75% Tether in the last day, as users rushed out of crypto’s largest stablecoin at once, according to #kaiko.

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Crypto Coinfessions ✖️

15 Jun 2023 01:58

#BTC #Bitcoin has fallen below 25k. Breakout of the EMA200D1. Next support very close to $23687.17 if bearish sentiment persists.

In general, we have a bearish wedge. 59% of txns are selling by #crypto #whales at the moment. More: https://buff.ly/43SrvA8

Crypto Coinfessions ✖️

14 Jun 2023 21:18

From: rubikkav.nft

#BNBChain #BNB #BinanceChain #volume saw a notable increase on decentralized exchanges in the last two recorded months. More 👇🏻

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Crypto Coinfessions ✖️

14 Jun 2023 20:48

#Liquid staking continues to be the leading sector on #Solana, #Marinade's liquid staking solution makes up 40% of #SOL #TVL and maintains double the market share seen by #Lido.

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Crypto Coinfessions ✖️

14 Jun 2023 18:21

The demand for leveraged #BTC #BITCOIN longs has slightly increased, as the futures contract premium increased to 3% from 1.7% on June 10, although it is still far from the neutral 5% threshold.

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Crypto Coinfessions ✖️

14 Jun 2023 17:30

#Bitcoin’s social volume declined after the asset’s price rally in March, according to data from crypto intelligence tracker Santiment.#ETHEREUM #BNB #XRP

Social volume is built on top of social data collected by the tracker. The platform combs text documents containing the asset name at least once, on #Twitter, #Telegram and #Reddit.

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Crypto Coinfessions ✖️

14 Jun 2023 17:13

Trading volume on #BNB Chain #DEXs accounted for nearly 27% of DEX volumes across Layer 1s in May, behind only #Ethereum DEXs' 45% share.

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Crypto Coinfessions ✖️

13 Jun 2023 17:11

The United States is the most represented country for validator hosting accounting for the greatest number of validators for #Avalanche, #Cardano, and #Solana. #NEAR and #Aptos have slightly more validators hosted in Germany. https://social.wubits.io/share/6488872a75ba114ed9683728?rid=63dffbc796acc11510f0903b&utm_source=telegram">Source

Crypto Coinfessions ✖️

13 Jun 2023 16:48

#Bitcoin (#BTC) whales are heavily accumulating despite weak price action, adding around $26 million per day since April 9th, as reported by #Santiment.

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Crypto Coinfessions ✖️

13 Jun 2023 01:58

#HedgeFunds have continued their record-breaking trend of selling short-dated U.S. Treasuries.

According to data compiled by the Commodity Futures #Trading Commission, leveraged investors have increased their net-short two-year Treasury positions for an 11th consecutive week up until June 6, 2023.

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Crypto Coinfessions ✖️

12 Jun 2023 22:03

The #market remains at a decision point as the #Bitcoin Spot Price continues to indecisively oscillate around the Short-Term Holder Cost-Basis, according to #glassnode.

A retest and strong bounce off of the Cost-Basis would suggest significant strength in the prevailing trend, whilst a decisive break below would infer weakness in the current market.

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Crypto Coinfessions ✖️

12 Jun 2023 20:12

A positive #fundingrate indicates that longs (buyers) demand more leverage. #btc #eth #cointelegraph

Still, the opposite situation occurs when shorts (sellers) require additional leverage, causing the funding rate to turn negative.

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Crypto Coinfessions ✖️

15 Jun 2023 22:27

#CRV liquidity off-chain has seen a big drop off over the last year, with 2% ask depth down from a high of $3m a year ago to below $1m now, according to #Kaiko.

The majority of CRV volume is on #CEXs, and the built up loan position presents an interesting dilemma.

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Crypto Coinfessions ✖️

15 Jun 2023 18:12

Total amount of outstanding debt collateralized by blue-chip #NFT collections currently stands at a staggering $172 million, with #Azuki being the most leveraged collection at approximately $62 million.

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Crypto Coinfessions ✖️

15 Jun 2023 17:13

Before #Shapella enabled withdrawals, the amount of #ETH #Ethereum staked (in total and with a protocol) could only increase and naturally followed an up-and-to-the-right trajectory.

However, since ETH had to be locked for an unknown period, the risks were perceived to be higher. As such, the pre-Shapella growth in new ETH staked was slower, with a monthly average of ~600,000 additional ETH staked.

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Crypto Coinfessions ✖️

15 Jun 2023 02:04

From: rubikkav.nft

#BNB #BinanceChain funding rate flips negative, according #cointelegraph.

Funding rate of BNB slipped below zero on June 10 and has been negative since. In other words, bearish traders are willing to pay bullish traders to keep their short bets open.

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Crypto Coinfessions ✖️

14 Jun 2023 21:29

The #FinancialMarkets in general are expecting the #FederalReserve (#FED) to be done with rate hikes.

You might even say that the stock market in particular is already looking forward to rate cuts at some point. That’s pretty obvious from the divergence between #Bitcoin and the major stock indices.

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Crypto Coinfessions ✖️

14 Jun 2023 21:03

From digging into the positioning data, we can see that both #bitcoin (#BTC) and #Ethereum (#ETH) futures net positioning for #leveraged money managers are net short and are at or near one-year lows, which confirms the relatively bearish expectations for both tokens and, by proxy, the greater #crypto #market.

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Crypto Coinfessions ✖️

14 Jun 2023 20:40

#LSDfi has grown significantly since the beginning of the year, with various protocols drawing in more than $400M worth of liquid staked derivatives (LSDs) for use within #DeFi.

Leading the pack is Lybra Finance, which has attracted over $170M worth of LSDs.

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Crypto Coinfessions ✖️

14 Jun 2023 18:07

From: rubikkav.nft

#Bitcoin Long-Term Holders are remarkably calm, displaying no discernible reaction to the news related to the hostile #US regulatory environment.

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Crypto Coinfessions ✖️

14 Jun 2023 17:24

Fed fund futures show interest-rate traders expect the central bank to hold the benchmark borrowing cost steady in the 5%-5.25% range, having raised by 500 basis points (5 percentage points) since March 2022. #CPI #BITCOIN #FED

Fed funds futures showed just over a 50% probability of the Fed raising rates by another 25 basis points in July. Implied rate cuts from the year-end have been priced out of the forward rates curve.

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Crypto Coinfessions ✖️

13 Jun 2023 17:27

For the next few months, it is important that #Bitcoin Dominance rise above 51% so as not to enter a period of linear recession.

Relative Volatility Index (#RVI) begins to trend towards 56.15% of long-term #market dominance.

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Crypto Coinfessions ✖️

13 Jun 2023 16:53

Ethereum Name Services (#ENS) is the most popular crypto domain provider, with 3.25 million registered domains as of June 2023.

#UnstoppableDomains came in closely at 3.05 million registered crypto domains, followed by SPACE ID with 1.08 million registered domains and Lens Protocol with 0.12 million registered profiles.

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Crypto Coinfessions ✖️

13 Jun 2023 02:05

Currently, the #Tether premium on #OKX stands at 99.8%, indicating a balanced demand from retail investors, according #cointelegraph.

Consequently, the indicator shows resilience considering the cryptocurrency markets dropped 17.7% over the last eight weeks to $1.06 trillion from $1.29 trillion.

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Crypto Coinfessions ✖️

13 Jun 2023 01:45

#Bitcoin fell 1.2% on the week, an amazing feat given the news about #Coinbase and #Binance that came out over the week.

At one point, bitcoin had clawed back nearly all of its losses sustained in the wake of the Binance announcement, a testament to how washed out the sentiment was for the asset.

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Crypto Coinfessions ✖️

12 Jun 2023 20:26

#Bitcoin (#BTC) is currently undervalued compared to the #SP500, based on a metric that conducts an Ordinary Least Squares (OLS) regression analysis of the relationship between Bitcoin and the S&P 500 over the past 200 days.

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Crypto Coinfessions ✖️

12 Jun 2023 18:10

#Cash Is The Most Widely Used #Payment Method At Points Of Sale In The #EuroZone

According to the results of the study carried out by the European institution, the payment habits of consumers in the euro area revealed that cash was the most used method.

Likewise, a first study was carried out on the use of cash by companies, and it was concluded that 96% of those that provided services, especially to private clients, accepted cash and more than 90% plan to continue accepting it in the future.

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