From: rubikkav.nft

It seems that the positive news from investment funds (ETF) made many break the daily resistance channel between $26733.68 and $27733.73. Bitcoin continues our trajectory and is under the strength of our intraday wave 3 that could touch $31035.22. #Bitcoin #ETF #investment #volatility #intraday

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#Bitcoin state of the correlations over the past three months.

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Since hitting its all time high in November 2021, open interest across top 6 decentralized perpetuals has fallen significantly by over 65%, with dYdX still controlling 55% of OI, according to #CoinGecko. #BTCFutures #OpenInterest #DecentralizedPerpetuals #CryptoDownturn #CentralizedExchanges

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Bitcoin illiquid supply reached a new ATH of 15.2M BTC this week, whilst exchange balances have fallen to the lowest levels since Jan 2018 at 2.3M BTC, according to #Glassnode #Bitcoin #IlliquidSupply #ATH #ExchangeBalances

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Breakdown of BTC & ETH Daily Futures Volumes by Exchange -#BTC #ETH #Futures #Binance #CryptoRank

Over the past 24 hours, crypto futures trading volume has surged to almost $90B.

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Disparity between #Ethereum and others is also evident when analyzing the total value locked (#TVL) on each network’s smart contracts, according to #defilama and #cointelegraph.

Ethereum is the absolute leader with $24.6 billion in TVL, followed by #Tron’s $5.4 billion and #BNB Chain’s $3.3 billion.

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A recent report by Coinbase reveals that over 50% of Fortune 100 companies had crypto projects in development since 2020, and currently, around 60% of Fortune 100 projects have been underway since 2022.
#Coinbase #Fortune100 #crypto #projects #development

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Bitcoin and altcoin market capitalization shows that during the bear market of 2018-2019, Bitcoin found support around $6,500 after recovering from lows of $3,250 in late 2018, according to #cointelegraph. #Bitcoin #altcoin #marketcapitalization #bearmarket #support

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Bitcoin’s price dropped below $26,300 on June 10, fueling bearish bets by traders using options contracts. #Bitcoin #price #drop #options #contracts #cointelegraph.

Such a level was only recouped on June 16, which explains why bears have concentrated their bets on Bitcoin trading below $27,000.

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For now our full steam bet is being Litecoin #LTC #LTCUSD #LTCUSDT #cryptosignal #investmentopportunity #HalvingEvent #Price #VolatilityIndex #Resistance

The Halving event is scheduled for mid-August, which will cause the price to make a positive trajectory towards a wave 1 based on the monthly chart.

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#K33 analysts found that since 2015 over two-thirds of the 1,009 #altcoin projects that managed to creep into the top 100 rank by #market #capitalization have become inactive.

Only 9.11% of these altcoins yielded positive returns, with only around 1.5% outpacing Bitcoin’s 50X returns.

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#Polygon proposal to transition the PoS chain to a #zkEVM Validium Model

In the past, Polygon was criticized for not being a “true” Ethereum rollup because its architecture did not directly rely upon Ethereum for Security guarantees, according to #messari.

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#Bitcoin continues its rally. In a few hours and under the influence of the news of the official launch of the investment fund #Volatility Shares' 2x Bitcoin ETF (#BITX) on June 27 of this year, it broke the price resistance of $31035.95.

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#BTC #futures contracts in healthy markets should trade at a 5% to 10% annualized premium — a situation known as contango, which is not unique to crypto markets, according to #cointelegraph #report.

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Following the #Bitcoin breakout above the psychologically key $30K region, the Short-Term Holder Realized Profit / Loss Ratio has exploded to a value of 59, commonly seen around market euphoria events, according to #glassnode.

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As one of the forerunners of the decentralized perpetuals space, #dYdX controlled most of the #TVL during the #DeFi run of 2021, according to #Coingecko.

Towards the end of 2021, dYdX controlled 88% of multichain TVL across decentralized perpetuals exchanges, having increased its TVL by 16.5x, from $612M to $1B in December 2021.

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With #Bitcoin’s price up over 50% in 2023, #crypto winter may be thawing, but business is still tough nonetheless for #exchanges, according to #Chainalysis #report.

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According to #Cointelegrap #Research, monthly open interest in #CME #Bitcoin #Futures has experienced its first decline in 2023, with the montlhy open interest fallin to $1.85 billion. This represent a dicline of 13.1% compared to the previus month.

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#Bitcoin had been significantly underperforming the #SP500 since Q2 began, and according to #CCData, However, the flurry of positive news has recently caused the gap to close.

Since #BTC began its recovery, stocks have begun to decline, likely due to the hawkish outlook on monetary policy.

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