looking for eth donations to start on some nfts thanks boys
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submitted by /u/LaFlameeeee [link] [comments]
Traders continue to sell the top of each rally, resulting in a sharp pullback in Bitcoin price and several major altcoins.
Not an investor and not a promo, Just don't have the time right now to research the heck out of this like I normally do but do want the information out there. Has anyone checked out Block wallet token $Blank . My initial take: Team seems good. Privacy seems good and far improved over competitors.…
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The technology underlying blockhains like Ethereum is pretty impressive. To be able to have a distributed ledger without any central authority enforcing its integrity is pretty amazing. But so far so good, looking at the application of this technology, it is clear the only ways it has gained any mainstream usage are those usage that…
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On-chain data shows the Bitcoin leverage ratio has continued to stay at high values despite the recent decline in the crypto’s price. Bitcoin Leverage Ratio Hasn’t Budged Much In Response To Price Plunge As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has remained at high values recently, despite the price declining to $41k. The “estimated leverage ratio” is an indicator that’s calculated by dividing the open interest with the exchange reserve. In simpler terms, what this metric tells us about is how much leverage Bitcoin futures investors are using at the moment. Here, “open interest” is the measure of the total amount of futures contracts open on derivatives exchanges. And the “exchange reserve” is the total amount of coins currently present in wallets of all derivative exchanges. When the value of the Bitcoin leverage ratio goes up, it means investors have started to add more leverage to their positions. On the other hand, a decline shows futures holders are closing up their positions. This may be due to mass liquidations or because of investors opting to take less risk right now. A mass liquidation event (often called a long or short squeeze) occurs when the price of Bitcoin makes a sharp swing, leading to a cascade of liquidations in the market. Now, here is a chart that shows the trend in the indicator over the past week: Looks like the ratio has been at high values recently | Source: CryptoQuant As you can see in the above graph, while the price of the coin has gone down, the leverage ratio has remained at high values. Related Reading | Bitcoin Prices Dragged Down By Geopolitical Tensions, Ukraine Nuke Plant Fire The open interest has also declined slightly, which means there are fewer positions open currently. This implies that the average leverage per position has actually gone up. The quant in the post believes that this trend may show that Bitcoin investors are now getting bolder and taking more risks. Since the funding rate is about neutral right now (another indicator that can help us estimate the ratio between longs and shorts), it implies there are about as many long positions as short positions. Related Reading | Bitcoin Bearish Signal: Exchanges Observe Huge Inflow From Long-Term Holders The price action in the near future may be of interest as a sharp move in either direction can cause a squeeze and push the value of Bitcoin further in that direction. BTC Price At the time of writing, Bitcoin’s price floats around $41.4k, up 5% in the last week. BTC’s price seems to have plunged down over the past day | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
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Cardano investors have been heavily impacted by current market conditions with ADA losing its spot in the top 5 crypto by market cap. After an impressive rally during 2021, this cryptocurrency has lost critical zones and could return to previous lows. Related Reading | Cardano (ADA) Ready For Rally Towards $1.50? What Indicators Are Saying At the time of writing, ADA’s price trades at $0.87 with a 2.3% loss in the last 24 hours. In higher timeframes, Cardano records a 19.5% and 28.1% loss for the past 30 days and over the past year, respectively. ADA’s price seems to be following the general sentiment in the market as larger cryptocurrencies are trending to the downside over macro-factors and general uncertainty. The Ukrainian-Russia conflict and a potential shift in the U.S. Federal Reserve (FED) monetary conflict seem to be operating as the core causes of unrest in market participants. However, Cardano seems to be suffering more losses than other cryptocurrencies in the top 10 by market cap. In the short term, these losses could deepen beyond $0.85. Data from Material Indicators (MI) shows major resistance for the bulls at around $0.89 which could keep the price suppressed at its current levels, at least for now. There are around $2 million in asks orders at $0.89, as seen below. If bulls manage to break above this resistance, the $1 mark stands as the next major resistance with fewer asks orders stacked at those levels. Only $1 million in asks orders sit at that price point. On the downside, bulls are facing more troubles as liquidity around $0.85 seems to be getting thinner which could suggest further losses in the short term. As Cardano trend lower into its current levels, bid orders went from over $1.5 million to around $900,000. Cardano Whales Come Into The Picture, Who Is Buying ADA At Current Levels? If these levels fail, $0.80 stands as the next major support to prevent a deeper plunge into previous lows. However, further data shows that retail investors are buying the dip, in lower timeframes with larger investors have been selling. As seen below, investors with asks orders of around $100,000 (purple line below) have been selling into current PA, while smaller investors with orders of around $100 (yellow line below) have been buying. Bulls have seen support from investors with around $1,000 (green line below) in bid orders, but nothing significant for lower timeframes. In higher timeframes, Cardano whales seem to have been buying ADA at current levels for around a week. Data provided by a pseudonym user indicates that addresses holding over 100,000 ADA have seen an increase of over 1,000 ADA during this period. The user added: Might be too early to tell but potentially we see whales accumulating big again. Related Reading | Cardano Inventor Front-Ran SundaeSwap Users? Research Casts Light ADA Whales could be re-accumulating as a result of the recent improvements introduced to the mainnet. As newsBTC reported, Cardano’s developer IOG is focused on updating the network scalability and throughput and recently implemented the first of three major updates for 2022.
A non-fungible token market platform built on top of Arbitrum called Treasure DAO was hacked on March 3 at 7:33 a.m. (EST), according to a post mortem analysis authored by the security-focused firm Certik. The company’s report notes that “over 100 NFTs were stolen in the attack,” as the attacker leveraged a vulnerability in the […]
NFT artist Olive Allen said by publicly burning her Russian passport, she was effectively making it dangerous to repatriate by protesting the current government.
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