Apr 27
📊 The total amount of non-empty #Bitcoin wallets are rapidly growing despite choppy prices. #Altcoin wallets for assets like #Dogecoin have flattened after enormous rises earlier this year. #Cardano is one of the few networks to see active wallets drop.
Apr 26
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Feb 19
📈😮 A major increase in money has been entering into #cryptocurrency, which should be a surprise to no one. Notably, there has been a dramatic increase in the speculation of derivatives in #crypto as market caps have risen significantly the past 4 months.
With #Bitcoin, in particular, crossing over $10B in open interest for the first time since July, 2022, this does signal crowd euphoria is alive and well. Sometimes rising too quickly can be indicative of some caution flags. Among the top assets, the top climbers to watch include:
🪙 $BTC: $9.85B in open interest
🪙 $ETH: $5.59B in open interest
🪙 $SOL: $1.62B in open interest
🪙 $LINK: $549M in open interest
Feb 5
📊 #Crypto market caps have edged up +0.5% over the past week, despite trading volumes dropping off -20.3% compared to the week prior. Highlight assets have included $FLR, $RON, $LINK, $TAO, and $RNDR. #Bitcoin continues seeing less attention as eyes turn to pumping #altcoins.
Get access to the most comprehensive #onchain, social, and development related metrics for over 2,800 #cryptocurrency projects.
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Feb 1
🔗📈 #Chainlink has jumped ahead of the #altcoin pack after some previously dormant wallets created the highest daily Age Consumed spike of 2024 (5.38B, calculated by multiplying coins moved by the amount of days those coins had been dormant).
This influx of $LINK back into the network's circulation has likely contributed to the price jump. Additionally, the network had seen minor liquidations of wallets, which is often a sign of #FUD that can contribute to further price rises.
With this chart, track how these two metrics continue to fluctuate in the coming weeks to see if there are hints of $LINK having the potential to rebound to $20 and beyond!
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Jan 23
Bulls and bears are fighting to keep Bitcoin on their respective side of $40K as we speak. Our latest video explores the short-term metrics, and what they are telling us $BTC and other top caps are most likely going to do after reaching 7-week lows!