Crypto Coinfessions ✖️ – Telegram
Crypto Coinfessions ✖️
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The Short-Term Holder cohort have locked in the largest profits ($292M) since the November 2021 ATH, with only 297 trading days recording a greater value — link
ANALYSIS: USDT's dominance is over 60%, causing other stablecoins like USDC, DAI, and BUSD to decline as their fundamentals weaken.
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Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday’s $1.2B options expiry.
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ANALYSIS: Ethereum's value has risen by over 40% since January, resulting in nearly 64 million addresses in profit, per Glassnode.
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Solana TVL has fallen behind other emerging ecosystems — link
Virtual land trading reached an all-time high in Q1 2023 with 147,000 trades; Otherside and MG Land accounted for 75% of Q1 land sales — link
BTC liquidity has dropped to 10 month lows as market makers lose access to USD payment rails — link
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Binance BTC-USDT liquidity has dropped by nearly 70% since zero-fee trading was phased out — link
U.S. hours have been a major source of bullish pressure since the beginning of the year — link
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Buying pressure from Coinbase and Korean Market Investors - update.

"Interestingly, the current buying pressure is decreasing, which may signify a shift in sentiment toward a more balanced market."
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ANALYSIS: Data suggests that the selling pressure in the cryptocurrency market is diminishing.
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Price correction of Bitcoin based on UTXO

"After Bitcoin reached its highest price since June 2022 and exceeded the $28,000 level, we expect the price range of 29,000-30,000 to form an extreme resistance..."
Analysis of Bitcoin Fees per Transaction and the Impact of Increased Demand for Block Space due to the Banking Crisis

"As more people lose faith in the traditional banking system, they are turning to cryptocurrencies as a means of securing their assets."
Bitcoin has surged amidst the backdrop of bank collapses and fears of contagion. Is bitcoin acting as a safe haven asset or simply reacting to expectations of potentially lower interest rates?
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Bitcoin vs. the banking crisis
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Shares of BTC long-term and short-term holders

"According to metrics, long-term holders(<6m) have 76.8% of the bitcoins in their pockets. Shares of short-term holders (1D-6m) are 22.12% now."
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Ethereum whales turn bullish with Shanghai upgrade less than a month away.
Lightning adoption and activity have been steadily increasing, with aggregate channel capacity hovering around all-time highs currently at 5,480 BTC, or $153m — link
DEX vs CEX volume ratio is at an all time high. Up 25% since the FTX collapse — link
According to a recent survey of crypto holders, Hot wallets are the most popular way for crypto holders to store their funds. 8 out of 10 people use hot wallets — link
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ANALYSIS: Total Ethereum supply on exchanges fell to just 10.3% on March 27 as users shifted their ETH to self-custody wallets or staked it. This is the lowest the supply has been since the launch of the cryptocurrency in 2015.
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