Crypto Coinfessions ✖️

From: rubikkav.nft 🐳 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. Click here to learn more

From: rubikkav.nft 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. It has decreased to $7.34, an almost one-third drop fr... Click here to learn more

From: rubikkav.nft 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 los... Click here to learn more

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

From: rubikkav.nft #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. While ETH has historically been more volatile than BTC, the #gap b... Click here to learn more

From: rubikkav.nft 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. The high fees caused the 7-day moving average o... Click here to learn more

From: rubikkav.nft 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. Since its launch in early May, the daily volume of NFT loan originations has steadily grown by nearly 2x, reachin... Click here to learn more

From: rubikkav.nft 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 $27724.9... Click here to learn more

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... Click here to learn more

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. Click here to learn more

From: rubikkav.nft 🤑 #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. Click here to learn more

From: rubikkav.nft 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 reflec... Click here to learn more

From: rubikkav.nft #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. Click here to learn more

From: rubikkav.nft #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. The quantity of NFT buyers also exp... Click here to learn more

From: rubikkav.nft #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. As a result of this, On-Chai... Click here to learn more

From: rubikkav.nft The June 1 #debt-ceiling deadline emerged recently as the obvious candidate for a binary volatility event. And for good reason: A default would send shockwaves through markets worldwide. #bitcoin In response to the uncertainty around this, bond markets have been pricing in r... Click here to learn more

From: rubikkav.nft Total public debt will undoubtedly rise, as will the amount of interest payments being made by the U.S. The spread between 2- and 10-year Treasury yields remains negative, as short-term debt rates remain higher than longer-term debt. The problematic nature of the inverted ... Click here to learn more

From: rubikkav.nft The expiration of #Bitcoin #options in May has been a significant event for traders in the cryptocurrency market. It represented the maturity of 26% of the open interest in #Deribit, which is equivalent to 2.3 billion dollars. Despite this, the underlying market was largely... Click here to learn more

From: rubikkav.nft #Bitcoin’s price finished May down 7%, data from monitoring resource CoinGlass shows — something of an average performance for a highly varied month. The largest cryptocurrency is 5.5% lower in Q2, contrasting Q1 gains of over 70%. Click here to learn more

From: rubikkav.nft The current #NUPL value of 0.29 is at the lower bound of the equilibrium phase, which is a zone where 37.5% of all #Bitcoin trading days have been. This zone was reached in early March 2023, and persisted for around 16 months in the last two cycles. Click here to learn more