Insights Pulse Insights

Jun 11

DeFi Liquidations Nowhere to Be Seen... Stay Tuned For a Bounce When They Reappear! 11-06-24, 20:35

📊 DeFi liquidations are still notably absent. Historically, when Aave and Compound liquidations spike like we see on these charts, it is followed immediately by market rebounds due to the immediate forced selling followed by opportunistic buying from key stakeholders. Bullish traders await these liquidations as a sign that $BTC can quickly rebound back to $70K and $ETH back to $4K, respectively.

May 6

Apr 26

Oct 17

Sep 11

The amount of Bitcoin locked on Ethereum is on steep incline 11-09-20, 14:10
Bitcoin locked on Ethereum

At the begining of June only 5.1k BTC was locked on Ethereum. In a matter of three months the amount of Bitcoin locked on Ethereum increased to 75.9k BTC. This means that 0.41% of Bitcoin's total circulating supply is locked on Ethereum.

The highest total supply value has Wrapped Bitcoin (WBTC), which is 48.5k BTC.

The biggest increase in total supply had renBTC, which had only 2.2k BTC locked on Ethereum at the begining of August. Today, renBTC is sitting at 18.3k BTC locked on Ethereum.

renBTC Total Supply

Data by Santiment