August looked strong for crypto, but the numbers tell a more cautious story.
DeFi lending activity jumped 30% in two months, with active loans rising from $20.1B to $26.1B.
But Bitcoin’s rally from ~$63K to $81.5K triggered heavy profit-taking, while U.S. demand weakened and funding rates hit yearly highs.
Strong month? Yes.
Healthy rally? Still worth watching.
#crypto #DeFi #bitcoin #BTC $BTC $XRP $DOGE
DeFi lending activity jumped 30% in two months, with active loans rising from $20.1B to $26.1B.
But Bitcoin’s rally from ~$63K to $81.5K triggered heavy profit-taking, while U.S. demand weakened and funding rates hit yearly highs.
Strong month? Yes.
Healthy rally? Still worth watching.
#crypto #DeFi #bitcoin #BTC $BTC $XRP $DOGE
