#Bitcoin Sees 4% Decrease in July 🔻

Despite reaching the year to date ATH in July, Bitcoin closed the month with a price loss of 4.04%.

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Top #Exchanges by #Liquidations in last 7 days

The vast majority of the casualties were long positions last days, with around $307M liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to #Coinglass.

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#ETH saw large block puts traded today of over 56,000 with a nominal value of over $100 million, accounting for 30% of the day's total Volume.

The major trades were divided into three parts:

1) Naked Buy Weekly OTM Put Options

2) Bear spread，Buy-1800P/Sell-1600P

3) Risk reversal，Buy-2100C/Sell-1600P

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Trust Wallet #Token Rises After #Staking Advances

News in the services provided by the popular #cryptocurrency #wallet boost the price of its token.

#TrustWallet is a popular #bitcoin (#BTC) and other cryptocurrency wallet that is sponsored by the Binance exchange.

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By examining the distribution of #Uniswap trade volume across different Layer 2s, we get a clearer picture.

It becomes apparent that an appreciable portion of trading has shifted from the #Ethereum mainnet across to #Arbitrum, attracting up to 32% of volume in March.

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#Market Open Suggests Low #Volatility For #Bitcoin #Cryptocurrency And Other Major Assets For The Next Steps

🔥August opens with low volatility for Bitcoin, which could mean low investment interest from large institutions.

🔥Monthly we can touch an important support. But in general we see market lateralization.

🔥Weekly we can step on the average price around $26815.22, even if low investment interest on the part of the big players continues.

Read more on #Publish0x: https://www.publish0x.com/rubikkav/market-open-suggests-low-volatility-for-bitcoin-cryptocurren-xkegkjd?a=pmbkrGXazJ&tid=backgroupmarketing

Since the beginning of this year 2023, #bitcoin has risen more than 70% in price, going from being at $16,500 per unit to just over $28,400 in the first quarter.

However, the second semester of this 2023 begins with negative numbers, since it closed the month of July with a price performance of -4.15% compared to the month of June.

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From: rubikkav.nft

#MakerDAO’s #MKR was the leading gainer among the constituents of the Coindesk Market Index (#CMI) in July, advancing 47%.

The native token of #Ripple Labs, #XRP was just behind, adding 46.6% during the month as a U.S. judge ruled the sale of XRP tokens on exchanges as not constituting as investment contracts.

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#MetaMask is by far the most popular #crypto hot wallet, with over 22.66 million app installations and users. Launched in 2016 by #ConsenSys as an #Ethereum wallet, it has since become so commonly used that ‘MetaMask’ is often used interchangeably with ‘crypto wallet’.

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#Litecoin Has Successfully Completed its Third #Halving

Today, the Litecoin #blockchain successfully completed its 3rd halving, reducing the block reward by 50%: from 12.5 LTC to 6.25 LTC. The #block reward is halved every 4 years.

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#DEX #Trading #Volume Down by 17% in July 🔻

In July 2023, the monthly #decentralizedexchanges volume showed a decrease of 17.2% compared to the volume registered in June: $57.84B —> $47.86B.

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Why has the power of Bitcoin price growth diminished in recent months?

"#Bitcoin trading volume on exchanges as necessary liquidity or vital conditions for price growth and bullish speculation by exchange participants."

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#Bitcoin #volatility was so low last month that a 1% price change is already cause for celebration among traders.

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"The supply of #Bitcoin available for trade is shrinking as we approach the 2024 halving.

Before the last halving, available supply was at an all-time high; and even experienced a brief regime where it grew faster than the rate of issue of new supplies.

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#Aave, the governance token of the decentralized finance (#DeFi) Aave protocol, experienced a 17% decline between July 30 and August 1, reaching the $62 level.

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Perceived 10-day #volatility for #bitcoin almost falling below the average for #stocks, #bonds and #gold.

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In July, the total #derivatives #trading volume on the #CME fell 17.0% to $40.1bn. In line with the general trend in the derivatives market, the futures volume on the exchange fell 17.6% to $39.1bn, with #BTC and #ETH futures volume falling to $31.3bn and $7.24bn, respectively.

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#Block trading continues to maintain high levels of trading volume, with both #BTC and #ETH block trading holding over a 40% share of trading volume today.

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Top 10 #Centralized #Futures #Exchanges by Volume in last 7 days

While users are gravitating towards derivatives #DEXes lately, futures’ trading volume on #centralizedexchanges is still massive.

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We have published our daily premium update for Bitcoin. You can unlock it here for only $3, pay with crypto:

https://social.wubits.io/share/64cbd07339ffd5259e30d5ee?rid=63dffbc796acc11510f0903b&utm_source=link

#Bitcoin Holdings on #OTC Desks Decline 33% 📉: #Glassnode

The amount of bitcoin held in addresses tied to over-the-counter (OTC) desks, a proxy for institutional activity, has declined to the lowest level since June 15.

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