Last Solana network crash showed the world how this blockchain is so centralised and how it is far from mass adoptable. Last Solana network crash showed the world how this blockchain is so centralised and how it is far from mass adoptable. It is then itself I sold my SOL and bought more Luna. When…
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Crypto- and blockchain-focused capital raises continue to make headlines as venture funds look to support the emergence of Web 3.0.
submitted by /u/kisahani [link] [comments]
Since tether is at risk of collapsing, wouldn't it be smart to borrow as much tether as possible to buy more eth? because if you borrow 50k of tether and you use it to buy bitcoin and tether collapses, you still keep the bitcoin on your hardware wallet and you don't have to pay the…
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FreeRossDAO buys the Silk Founder’s NFT created from prison and auctioned off via SuperRare to fund future efforts to free Ulbricht.
This latest buy from MicroStrategy (Michael Saylor's Company) of Bitcoin has made this inequality very apparent to me- the big becomes bigger and the small becomes smaller. (proportionately speaking) The most shocking figure for me was that the majority of people- close to 85% of the total wallet address who holds BTC- holds less than…
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The Worldwide Asset eXchange (WAX), a blockchain platform and NFT network, announced that OKEx Blockdream Ventures, an investment subsidiary under crypto trading platform OKEx.com, is backing the WAX Blockchain Ecosystem, purchasing a substantial position (quantity undisclosed) in WAXP tokens. WAX processes 15 million transactions daily including two-thirds of all game-related transactions with over 450,000 daily…
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I had a small amount of money (to me) in crypto through October. In late October, I decided to slap a larger chunk of change into crypto. The market was booming and media analysts were calling for $100k BTC by EoY, $10k ETH by EoY. Reddit DD wasn’t that different, most was very optimistic. Maybe…
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On-chain data shows Bitcoin inflows are trending up, a sign that whales might be increasing their dumping. This could prove to be bearish for the coin. Bitcoin Inflows Move Up As Whales Continue To Sell As pointed out by a CryptoQuant post, on-chain data highlights that BTC inflows to exchanges have been going up. The “all exchanges inflow” is an indicator that shows the amount of Bitcoin that holders are depositing to exchanges on a given day. When the value of this metric moves up, it means more investors are sending their coins to exchanges. Holders usually deposit their BTC for withdrawing to fiat or for purchasing altcoins. So, this could be a sign of dumping, and may be bearish for the price. On the other hand, when the inflows decrease in value, it implies not many investors are depositing their Bitcoin to exchanges. Such a trend may mean that holders aren’t interested in selling at the moment. Now, here is a chart that shows the trend in the value of the BTC inflows over the past few months: Looks like the indicator’s value has been trending up recently | Source: CryptoQuant As the above graph highlights, BTC inflows have been on the rise lately. Before the crash in early December, the total inflows showed a sharp spike. Related Reading | Weekend Volatility Awakens Bitcoin Buyers, Active Addresses Following the crash, the indictor calmed briefly before observing big spikes again. This may show that selling in the market might still be continuing. The above chart also has curves for two other indicators, the top ten whale inflows and the total inflow seven days mean. The latter, as its name already suggests, is just the seven days mean value of the normal metric. While the former is a metric that shows how the top ten whale inflows contribute to the total inflows. Examining the graph, it seems like this indicator also had a spike recently, showing that whales might be increasing their dumping. Related Reading | Bitcoin Hovers Below $50k After Weekend Wipeout – Crypto Roundup, Dec 6, 2021 Such a trend has usually been bearish for the price of the cryptocurrency. However, it hasn’t always been the case. But given the recent market environment, signs may not be in BTC’s favor. BTC Price At the time of writing, Bitcoin’s price floats around $49.1k, down 13% in the last seven days. Over the past month, the crypto has lost 27% in gains. The below chart shows the trend in the price of BTC over the last five days. BTC’s price looks to be moving sideways again | Source: BTCUSD on TradingView Since the crash, Bitcoin has mostly been in consolidation. Currently, it’s unclear when the coin might show some recovery. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
