Crypto Coinfessions ✖️

From: rubikkav.nft Since the beginning of 2023, #Ethereum’s network value-to-transaction value (#NVT) metric has indicated that the asset may have been overpriced. #Glassnode’s NVT signal gauges the relative value of the Ethereum network by comparing the market price to the volume of on-chain ... Click here to learn more

From: rubikkav.nft #BTC approaching another test of support on short-term holders' cost base. After breaking resistance in January, it has served as support twice in 2023. There is no reason to believe that support will not hold again as the on-chain structure is the same (illiquid supply and... Click here to learn more

From: rubikkav.nft #Bitcoin data often displays strangely repetitive patterns, cycle after cycle. In the 2021-22 cycle, the $30,000 price level has formed a "midpoint" and has been tested multiple times both from above and below. A very similar level was seen in 2013-16 around the $425 level a... Click here to learn more

From: rubikkav.nft In some ways #Ethereum’s metrics have slumped over the past year. But in other ways, the world’s second-largest blockchain is thriving. According to the newsletter #Bankless, Ethereum’s network revenue fell to $847 million in the second quarter, down 33% from a year earlier... Click here to learn more

From: rubikkav.nft #BNBChain’s daily average active addresses reached ~1.4 million and increased by 25.6% QoQ. Average new unique addresses increased 91.1% QoQ and reached all-time highs after a spike in activity in late April Click here to learn more

From: rubikkav.nft Federal Reserve #FED lived up to its promise of raising interest rates despite hitting a pause at the last meeting. The Federal Open Market Committee (#FOMC) today announced a 0.25% rise in the Fed Funds target rate to 5.25-5.50%. In its policy statement, the Fed reiterat... Click here to learn more

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#Tezos is making significant progress in its rollup infrastructure roadmap, with the introduction of WASM rollups and an EVM-compatible rollup on #testnet. Multiple teams have committed to building rollups, and core developers announced a strategic shift to hybrid optimistic/zk rollups. Click here to learn more

Examining the daily timeframe, with today’s dip below the local range, #bitcoin has breached the lower #BollingerBand. The question remains whether this movement is a deceptive dip or a definitive breakdown following extensive consolidation. Click here to learn more

#Bitcoin Holdings on Centralised Exchanges Down 4.3% Since the Beginning of the Year🔻, according to #cryptorank. Bitcoin holdings on centralised exchanges continue to fall, down 4.3% year-to-date (YTD). Investors are accumulating BTC and are unwilling to sell at current market prices. Click here to learn more

In Q2’23, #Ethereum and Tron dominated featured L1s revenue, accounting for 93%. Ethereum's revenue surged 85% QoQ, fueled by meme coin trading. #TRON's revenue increased steadily without significant spikes Click here to learn more

Top #Exchanges by Liquidations in last 7 days The vast majority of the casualties were long positions last days, with almost $435M liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to #Coinglass. Click here to learn more

We are a week away from the monthly closing of the #cryptocurrency market and the sentiment that is breathed is still neutral. For these weeks, #Bitcoin broke the support of $29,639.54 and closed well below $28,964.32. For the next week, it is important to watch for the supports of $28381.85 and $27868.63. Click here to learn more

Top 10 #Blockchains by Daily Active Users #BNBChain became the most popular #network in terms of daily active users, followed by #TRON, #Bitcoin, and #Polygon. Click here to learn more

Top 7 Biggest #Token Unlocks in the Next 7 Days by #CryptoRank Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Click here to learn more

#BTC volume dominance has slipped 8% since the start of July following the #Ripple ruling, which instantly caused altcoin markets to rally, according to #kaiko. BTC dominance across the top 25 centralized exchanges is currently at its lowest level since April, at 27%. Click here to learn more

#Spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, according to #CoinDesk Data tracked by Glassnode and #Blockware Solutions show the ratio of open interest in #BTC perpetual futures to #bitcoin's market cap has been locked in a narrow range of 1.5% to 1.7% in the past four weeks. Click here to learn more

🐳🦈 #Bitcoin #BTC #BTCUSD #BTCUSDT has recovered above $30,000 this weekend and it is recommended to keep an eye on the number of large addresses as the summer progresses. Click here to learn more

Based on #data from #crypto intelligence tracker #Santiment, #Ripple #XRP whale wallets holding upwards of 100 million tokens, worth at least $74 million have climbed to 199. This is the largest count of XRP whale wallets with upwards of 100 million tokens since May 13. Click here to learn more

#Litecoin #onchain #metrics turned #bullish, rising social dominance and increased whale wallet activity signal enthusiasm of the altcoin’s holders. It is likely that the altcoin will lead the alt season rally with its upcoming halving event. Based on data from crypto intelligence tracker Santiment, social dominance of #LTC climbed over the weekend. Click here to learn more