The DCG portfolio is in red.
This is tough time. Please note that using risk management strategies is a must.
Bitcoin is about to face a major resistance in its recover progress.
18k is level to watch as 50day EMA is on the way and the red cloud right there.
Historically, BTC-USD vs. BTC-USDT trading volume could be considered an indicator of institutional inflows into crypto.
During the 2021 bull market, institutional traders poured funds into crypto markets via U.S. platforms, boosting market share for BTC-USD relative to BTC-USDT. This trend has since reversed.
Since the #Ethereum Merge, the total net coin issuance has been just +2,317 $ETH.
A total of 131,454 $ETH has been issued to PoS validators, whilst 129,137 $ETH has been burned via EIP1559.
BlockFi has filed for bankruptcy.
https://decrypt.co/115744/crypto-lender-blockfi-files-bankruptcy-ftx-contagion-claims-another
The total #Bitcoin market Realized Loss peaked at -$1.9B last Friday.
This is the fourth largest daily realized loss in history, ranking behind:
-$2.0B during LUNA collapse
-$2.2B in June 2021 start of bear
-$2.5B in June 2022 sub-$20k
In direct response to the failure of FTX, #Bitcoin investors, of all wallet cohorts, have made a distinct behavioural shift towards self-custody.
From Shrimp, to Whales, #Bitcoin on-chain balances are on the rise.
Bitcoin Last 6 months Liquidity. FTX issue triggered the fall of price to grab the liquidity.
Читать полностью…Reminder: US CPI Inflation data will be coming up today 10th November at 7:00PM IST.
Читать полностью…In this cycle, crypto institutions (market makers, companies, investors) are the dominant type of trader in the market, relative to retail investors being dominant in 2017/18.
Читать полностью…#Bitcoin performance each year:
2022: ⬇️ 54%
2021: 🆙 83%
2020: 🆙 305%
2019: 🆙 95%
2018: ⬇️ 74%
2017: 🆙 1,375%
2016: 🆙 120%
2015: 🆙 36%
2014: ⬇️ 58%
2013: 🆙 5,428%
2012: 🆙 218%
2011: 🆙 1,317%
During the chaos of the last few weeks, the #Ethereum market cap briefly fell below the aggregate stablecoin cap, once again.
The Top 4 stablecoins USDT, USDC, BUSD and DAI make up over $138B in total, with the $ETH market cap just 2.8% higher at $142B.
#glassnode
Following the collapse of FTX, #Bitcoin investors have been withdrawing coins to self-custody at a historic rate of 106k $BTC/month.
This compares with only three other times:
- Apr 2020
- Nov 2020
- June-July 2022
CZ on FTX
And it seems CZ will be buying FTX
https://twitter.com/cz_binance/status/1590013613586411520?s=46&t=Rmkb6ziZlDyIK9UEfa_8bQ