Boblles Channel

2022-09-03 20:04:19 Interesting decentralisation

I've been thinking recently that 75% of our market capitalisation is provided by 5 cryptocurrencies. Today, there are over 10,000 cryptocurrencies in the world, and these are not just scam coins, but real projects that serve any purpose in the industry.

Just 9 years ago there were only 66 cryptocurrencies, but a lot has changed. Today, BTC, ETH, BNB, USDC, USDT account for 75% of all capitalisation. And more than 60% of the total capitalisation is occupied by BTC and ETH 40 and 20% respectively.

And the capitalisation of the top 20 coins, at 89%, stands at around $990bn. Open / Comment

2022-09-03 18:24:30 ETH whales have stepped up this week and are making many large transactions.

Over the past week, a large number of transactions between ETH wallets whales, most likely racing through OTC.

Do you hold ETH?

Sure!
Nope… Open / Comment

2022-09-02 20:06:51 BTC inflows to top exchanges are being seen today.

Over the last 24 hours there has been an inflow of BTC on exchanges, you can see the full picture in the chart, and I will give part of it below

Coinbase - +668 BTC
Binance - +665 BTC
Bitfinex - +1833 BTC

Also, 14,787 BTC worth $295.74 mln were deposited into traders' exchange wallets over the 2 days. I do not rule out that the spill will occur during the US session. Lately, volatility has often escalated just towards the end of US trading. Open / Comment

2022-09-02 14:02:20 Justin Sun The founder of TRON bought 20k ETH.

Today, TRON Founder Justin Sun bought 15,000ETH and bought 5,000ETH 3 days ago. Ether is up 2% today, and is trading at 1550.

or Open / Comment

2022-09-01 19:58:53 ETH address activity surge

Activity on the ether network has been increasing since the beginning of the week. The average daily number of transactions on the ether blockchain rose to 1.083 million, the last time this figure was when ETH was trading above $2,000.

Also, the number of active addresses reached a monthly high of 23,329,423. Because of this, the network charges rose from $1,552 to $3,282.

With two important weeks ahead, it's hard to know where the ether will go, and the rate can either rise or fall. Be careful with the future leverage. Open / Comment

2022-09-01 17:58:43 Results of August for BTC.

It's September 1, which means that the monthly candle for BTC closed. We got a mirrored result relative to August 2021. Bottom line: -14%

Also, BTC's share of dominance has updated yearly lows. BTC dominance decreased to 39.2%, updating the previous low of January 5. By the way, who didn't know, the historical low of Bitcoin dominance was set in January 2018 at 32.42%.

We have September ahead of us, a very difficult and often unsuccessful month for the markets. Open / Comment

2022-08-31 14:01:19 BTC volume on exchanges falls

The supply of BTC on exchanges has fallen by more than 40% since ATH was reached in March 2020, and continues to decline steadily.

Traders and investors are actively withdrawing their BTCs from exchanges, which gives hope for near-term growth. However, everything will depend on the Fed meeting in September and the rate hike.

So far, BTC is trading at 20,300, having gained a little today. Open / Comment

2022-08-31 13:11:01 ETH and whales

The drop in activity on the ETH network, leads to its gradual decline. Let's break down the main price clusters of whales.

The nearest whale of a support zone for ETH is around $1,335. At that value, 412,000 addresses purchased 2.2 million ETH. But, also at $1,560 and $1,475 there are 412,000 addresses. who purchased 2.2 million ETH.

Remarkably, during August, addresses with balances between 1,000 and 10,000 ETH bought more than 320,000 ETH worth $416 million. This has been one of the most successful months for ETH, we can watch with you as assets flow from weak hands to strong ones.

With only 13 days to go before the fork, we look forward to the event. No matter where the price turns, the event itself has global reach for the entire cryptocurrency. Open / Comment

2022-08-30 19:45:29 Good sign! BTC balance on exchanges falls.

The balance of bitcoins on exchanges continues to fall and today reached its lowest level since July 2018. Investors continue to actively buy BTC and withdraw to cold wallets. It looks very much like an accumulation phase.

Also, today they transferred 10,000 BTC that haven't moved in ~8-9 years. Such transfers rarely end well. The chart compares such transfers and price peaks.

BTC is now trading at 20,100, down a few % in the last 3 hours. Most expect the bottom to be much lower. Open / Comment

2022-08-30 11:24:37 Important BTC levels.

Three important support levels for BTC according to on-chain: $19,000, $16,000 and $13,000.

They will all act as support, the question is: Which one will hold the shorts back? We will find out the answer perhaps soon, but hopefully it won't come to that. Open / Comment