#DeFi protocols are facing a wave of attacks which use flash loans to manipulate centralized price oracles. The latest exploit drained $3.3m USD worth of assets from Cheese Bank.
Read more about this exploit | #Insights
Read more about this exploit | #Insights
Glassnode Insights - On-Chain Market Intelligence
DeFi Attacks: Flash Loans and Centralized Price Oracles
DeFi protocols are facing a wave of attacks that use flash loans to target vulnerabilities in smart contracts. The most common exploit relies on centralized price oracles.
#Bitcoin liquidity continues its downward trajectory.
YTD balance on exchanges: -18%
Live chart | @glassnode
YTD balance on exchanges: -18%
Live chart | @glassnode
Around 80,000 ETH have been desposited to the #Ethereum 2.0 contract in the past 30 hours.
More than 6,000 validators have staked a total of 193,500 $ETH to date.
That amounts to ~37% of the phase 0 staking goal.
Live chart | @glassnode
More than 6,000 validators have staked a total of 193,500 $ETH to date.
That amounts to ~37% of the phase 0 staking goal.
Live chart | @glassnode
#Bitcoin funding rates on major exchanges have increased considerably over the past few days.
Long positions are heavily paying shorts – potentially incentivizing more traders to start taking the other side.
Live chart | @glassnode
Long positions are heavily paying shorts – potentially incentivizing more traders to start taking the other side.
Live chart | @glassnode
With prices exceeding $18,000 for the first time since 2017, $BTC looks poised to break its previous all-time high.
Meanwhile, plummeting #Bitcoin exchange balances support the narrative that investors intend to hodl.
Read more | #TheWeekOnChain
Meanwhile, plummeting #Bitcoin exchange balances support the narrative that investors intend to hodl.
Read more | #TheWeekOnChain
#Ethereum 2.0 deposit contract stats
- Total value staked: 423,200 ETH
- Validators: 12,575
- Phase 0 staking goal: 80.7%
Still 12 hours left to reach the goal of 524,288 ETH required to launch the Beacon Chain on Dec 1st.
Live chart | @glassnode
- Total value staked: 423,200 ETH
- Validators: 12,575
- Phase 0 staking goal: 80.7%
Still 12 hours left to reach the goal of 524,288 ETH required to launch the Beacon Chain on Dec 1st.
Live chart | @glassnode
The number of #Bitcoin whales (entities holding at least 1,000 $BTC) has reached a new ATH after more than 4 years.
An entity is a cluster of network addresses controlled by the same individual/institution.
Live chart | @glassnode
An entity is a cluster of network addresses controlled by the same individual/institution.
Live chart | @glassnode
Since yesterday's announcement from #OKEx to resume withdrawals, we have seen an outflow of 29,300 $BTC from the exchange.
In the same time period 21,600 BTC have been deposited, reducing the exchange's balance to ~212k BTC.
#Bitcoin
Live chart | @glassnode
In the same time period 21,600 BTC have been deposited, reducing the exchange's balance to ~212k BTC.
#Bitcoin
Live chart | @glassnode
#Bitcoin mining difficulty increased by 8.9% today.
It is the second positive adjustment in a row, and has recovered most of the large drop we saw early this month.
Mining difficulty is now only 4.4% below its ATH.
Live chart | @glassnode
It is the second positive adjustment in a row, and has recovered most of the large drop we saw early this month.
Mining difficulty is now only 4.4% below its ATH.
Live chart | @glassnode
After a rather tumultuous week, $BTC and the rest of the crypto market appear to be recovering, with #Bitcoin rallying to break its all-time high and quickly approaching $20k.
Read more | #TheWeekOnChain
Read more | #TheWeekOnChain
#Ethereum 2.0 (Beacon Chain) is ought to launch in less than an hour.
880,000 #ETH have been staked to date. Around 355,000 more than the minimum amount required.
Live chart | @glassnode
880,000 #ETH have been staked to date. Around 355,000 more than the minimum amount required.
Live chart | @glassnode
Almost 19.6 million #Bitcoin addresses were active in November sending or receiving $BTC.
That is the third-highest value in Bitcoin's history – only topped in December 2017 and January 2018.
Live chart | @glassnode
That is the third-highest value in Bitcoin's history – only topped in December 2017 and January 2018.
Live chart | @glassnode
In November, a total of $126 billion USD were settled on the #Bitcoin blockchain.
This amounts to a total volume of 7.7 million $BTC changing hands last month.
Live chart | @glassnode
This amounts to a total volume of 7.7 million $BTC changing hands last month.
Live chart | @glassnode
On-chain metrics show that older #Bitcoin are being sold as $BTC's price increases. This indicates that long-term holders are realizing profits.
But while this might seem alarming, this trend has historically been extremely bullish.
Read more | #Insights
But while this might seem alarming, this trend has historically been extremely bullish.
Read more | #Insights
Glassnode Insights - On-Chain Market Intelligence
Long-Term Holders Are Selling BTC: Why This Is A Bullish Signal
On-chain metrics show that older coins are being sold as BTC's price increases, indicating that long-term holders are realizing profits. But while this might seem alarming, this trend has historically been extremely bullish.
12.9% of the circulating #Bitcoin supply (2.4M BTC) is currently held in exchange wallets – down from 16% at the beginning of the year.
According to our data, the largest holders are:
Coinbase: 4.9%
Binance: 1.6%
Huobi: 1.1%
OKEx: 1.1%
Live chart | @glassnode
According to our data, the largest holders are:
Coinbase: 4.9%
Binance: 1.6%
Huobi: 1.1%
OKEx: 1.1%
Live chart | @glassnode
Around 10% of the #Bitcoin supply was moved at a price above $18,000.
Many investors are valuing BTC above this level, which may indicate their conviction for further $BTC price appreciation.
In contrast: In 2017 at ATH this number was only 2%.
Live chart | @glassnode
Many investors are valuing BTC above this level, which may indicate their conviction for further $BTC price appreciation.
In contrast: In 2017 at ATH this number was only 2%.
Live chart | @glassnode
The third #Bitcoin "valley of loss" closes, as $BTC hovers around $19,000 in this bull market.
All long-term holders (who currently own 75% of the BTC supply) are now in a state of profit.
Once more, hodling and a low time preference paid off.
Live chart | @glassnode
All long-term holders (who currently own 75% of the BTC supply) are now in a state of profit.
Once more, hodling and a low time preference paid off.
Live chart | @glassnode