Solana & Other Top Coins Lose Trading Volume, Market Interest Down?
Submitted by Anonymous (not verified) on Wed, 04/10/2024 - 23:10On-chain data shows Solana and other top cryptocurrencies have seen a decline in trading volume recently.
On-chain data shows Solana and other top cryptocurrencies have seen a decline in trading volume recently.
On-chain data shows that demand for Bitcoin from HODLers is currently outpacing miner issuance for the first time in history and by quite a lot.
Data shows the Bitcoin Open Interest has set a new all-time high (ATH) as the cryptocurrency’s price has surged above $72,000.
With the Bitcoin halving coming soon, miner expenses are about to change.
On-chain data shows the Bitcoin transfer volume remains significantly lower than that observed at comparable prices during the 2021 bull run peak.<
Bitcoin on-chain data shows the so-called “accumulation addresses” have been buying large amounts of the cryptocurrency this month.
On-chain data suggests that memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) observed a large influx of fresh traders last month.
Data from the on-chain analytics firm Glassnode has revealed that around 9.5% of the Bitcoin supply changed hands above the $60,000 level.
On-chain data shows the Bitcoin Realized Cap has set a new all-time high (ATH) as capital has been flowing into the coin at unprecedented rates.
On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks.
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