📈 Current Market Conditions:
Capital continues to flow into new hands: the share of capital in the active growth phase, the ratio of short-term to long-term holders, and the monthly change in realized market capitalization remain above their peak levels.
Profit-taking surged sharply above its peak in the middle of the week, then declined, and short-term holders’ profits once again fell below their peak.
In short, a failed rally attempt led to the maintenance of leverage and an increase in hedging, while buyers in the spot market and ETFs retreated.
#FOMCWatch #ThailandLaunchesWORPTStablecoinToQRPaymentApp #BitmineAdds10452ETH #SouthKoreaConsidersEducationTaxOnCryptoExchanges
Capital continues to flow into new hands: the share of capital in the active growth phase, the ratio of short-term to long-term holders, and the monthly change in realized market capitalization remain above their peak levels.
Profit-taking surged sharply above its peak in the middle of the week, then declined, and short-term holders’ profits once again fell below their peak.
In short, a failed rally attempt led to the maintenance of leverage and an increase in hedging, while buyers in the spot market and ETFs retreated.
#FOMCWatch #ThailandLaunchesWORPTStablecoinToQRPaymentApp #BitmineAdds10452ETH #SouthKoreaConsidersEducationTaxOnCryptoExchanges
