📊 Report CoinShares on financial flows in crypto over the last week:
The influx of investment products into digital assets amounted to $1.05 billion for the third week in a row.
#BTC - inflow of $1.012 billion. Outflow in short positions $4.3 million
#ETH - inflow of $36 million.
#SOL - inflow of $8 million.
The influx of investment products into digital assets amounted to $1.05 billion for the third week in a row.
#BTC - inflow of $1.012 billion. Outflow in short positions $4.3 million
#ETH - inflow of $36 million.
#SOL - inflow of $8 million.
🤔 #BTC C.Q.: It is psychologically easier for traders to open a short position in a highly leveraged market than to open a long position in a bull market. ELR in a bull market will always show low values, and vice versa, in a bear market ELR will be high.
Estimated Leverage Ratio (ELR) is defined as the ratio of open interest divided by the reserve of an exchange
Estimated Leverage Ratio (ELR) is defined as the ratio of open interest divided by the reserve of an exchange
💸✅ Someone just moved $3 billion worth of #BTC with $2.8 fees
🤝 #ENS Labs is partnering with Intercap to add .box domains to the ENS Manager app. ens.domains
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🥳 MoonPay launches a new Web3 platform for brands. theblock.com
📊 #DOGE IntoTheBlock: Dogecoin is encountering significant resistance between $0.166 and $0.171, where 75,500 addresses have acquired nearly 10 billion DOGE. However, once this barrier is overcome, DOGE has the potential to double, with the next key resistance around $0.322.
👀 #MPL Maple Finance introduced the Syrup Yield platform and reward token. coindesk.com
🕵️♂️ hki.eth (HashKey Capital) transferred all 624,804 #PENDLE ($4.23 million) on Binance 1 hour ago.bHashKey profit on PENDLE is ~$9.96 million.
💰 Anzen Finance, the issuer of #USDz, has raised $4 million in seed funding from Mechanism Capital, Circle Ventures, Frax, Arca, and others. theblock.com
💰 OpenSocial has completed a $5 million seed round of funding with participation from Animoca Brands and other companies. twitter
📊 #BTC #ETH Report glassnode:
▪️ The Ethereum and Bitcoin markets are showing relative strength after a lengthy post-ATH consolidation, although prices have remained volatile and sideways since March.
▪️ The SEC surprised the market with the approval of spot ETH-ETFs, which led to a 20% increase in the price of Ethereum.
▪️ Spot BTC-ETF net flows have turned positive again after four weeks of net outflows, suggesting demand for TradFi is returning.
▪️ Spending pressure for long-term holders has eased significantly and investors have returned to accumulation patterns, suggesting volatility is needed to motivate the next wave.
▪️ The Ethereum and Bitcoin markets are showing relative strength after a lengthy post-ATH consolidation, although prices have remained volatile and sideways since March.
▪️ The SEC surprised the market with the approval of spot ETH-ETFs, which led to a 20% increase in the price of Ethereum.
▪️ Spot BTC-ETF net flows have turned positive again after four weeks of net outflows, suggesting demand for TradFi is returning.
▪️ Spending pressure for long-term holders has eased significantly and investors have returned to accumulation patterns, suggesting volatility is needed to motivate the next wave.
🗽 #BTC Medical technology company Semlar Scientific bought $40 million worth of BTC and approved the Bitcoin Treasury Strategy.
🇪🇺👀 Binance France has replaced co-founder CZ with two new shareholders. dlnews