0/ In Today’s Delphi Daily, Speculators vs. Hodlers, @opensea Dominance, @Uniswap LP Returns.

Check out the full analysis in the free report below

delphidigital.io/reports/specul…
1/ Market Update-

🔹We’re starting to see an interesting pattern: prices increase during the Asia session,lower during the London session, and New York wakes up to buy the dip.

🔹Altcoins have had a pretty rough day so far, with the exception of $AXS which just keeps moving.
2/ The amount of $BTC with short-term holders is in decline while the picture of longer-term holders is the opposite.

Since the start of the year, the number of BTC held by long-term holders is up by 5.3% while the number of BTC with shorter-term investors has reduced by 9.1%. Image
3/ As noted above, the number of short-term holders/speculators is on the decline, as is their profitability.

Looking at @glassnode’s data, the amount of BTC held by speculators is now just under 20%. This figure maxed out in April at 100%. Image
4/ There’s one thing NFT Marketplaces and decentralized exchanges have in common: a single platform owning the vast majority of the market. @opensea is the @Uniswap of NFT markets, and has seen resilient volume and usage in light of the broad market decline. Image
5/ For a few months, @rariblecom had sizeable volumes and briefly captured 60% of market share in 9/2020. Rarible was starting to look like an OpenSea contender, but its numbers have fallen.

OpenSea’s consistent growth is a testament to the demand for permissionless NFT markets. Image

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More from @Delphi_Digital

15 Jul
0/ In Today’s Delphi Digital, $AXS Shorts In The $SAND, #Ethereum’s Asymmetric Gas Trends.

For the full analysis, check out the report 👇

delphidigital.io/reports/axs-sh…
1/ Quick Market Update-

🔹 $BTC and $ETH are heading back into the range low as sellers chose violence in every session today.

🔹Crypto sweethearts $AXS and $SAND had another monster day, but have retraced a decent chunk of their moves since.
2/ AXS has been the star of the crypto market and pushed the entire category of NFT gaming tokens forward. $FLOW, $SAND, $CHZ, and $ENJ, all gaming tokens, are up double digits this week.

Despite the hype, shorts have been piling up on SAND and AXS perps across exchanges. Image
Read 9 tweets
14 Jul
0/ In Today’s Delphi Daily, Bitcoin Rundown: Market Indecision, Legacy Correlations, And a Lightning Boost.

Check out the full #bitcoin analysis 👇

delphidigital.io/reports/bitcoi…
1/ Quick Market Update-

🔹Crypto assets did not take well to yesterday’s inflation data.

🔹After a trip towards the range low, $BTC and $ETH are finally finding a semblance of strength.

🔹Other crypto assets have continued to take a beating into today’s session.
2/ Bitcoin is often touted as an uncorrelated asset relative to conventional asset classes like equities, bonds, etc. Over the long-term, this holds true, but in the short-to-medium term, correlations tend to fluctuate depending on market conditions and general risk appetite. Image
Read 12 tweets
13 Jul
Delphi Ventures is proud to announce our investment in @Superfluid_HQ

At its core, @FrancescoRenziA and team are building a powerful new primitive responsible for the next evolution of value flow
We currently live in a digital economy dominated by online services yet we are still tied to recurring monthly transactions.

Payments should be liquid, and Superfluid makes that possible by allowing users (& protocols) to program value flow with specific conditions per stream.
“When you do micropayments over milliseconds the term cash flow takes on a whole different meaning. imagine doing accounting in business in real-time based on flows of money coming in and out. we have not even scratched the surface”
@aantonop

Read 6 tweets
12 Jul
0/ In Today’s Delphi Daily, Bitcoin Futures, DeFi Hopium, and the NFT Resurgence.

For the full analysis, check our the report below!

delphidigital.io/reports/bitcoi…
1/ Quick Market Update-

🔹 $BTC opened fairly strong but quickly wiped out those gains, and the weekend’s, in a few hours.

🔹Crypto assets like $SNX, $AXS, and $LUNA enjoyed a strong weekend. It looks like capital flows into crypto are beginning to pick up again.
2/ Annualized basis on @DeribitExchange’s one month BTC futures turned negative last week, but they quickly shot back up over 7%.
The further away a contract is from expiry, the more expensive it’s likely to be. That’s why the 1 month flippening the 3 month is a notable situation Image
Read 10 tweets
6 Jul
0/ In today’s DeFi Roaring, @AxieInfinity Soaring, and NFTs No Longer Boring.

Dive into the full report below! 👇

delphidigital.io/reports/defi-r…
1/ Market Update-

🔹Opened the day strong with a rare bullish session coming out of Asia. But that momentum was slowed during the London session.

🔹 $BTC is currently in the process of printing a bearish looking pinbar candle on the daily.
2/ Since hitting lows on June 24, DeFi tokens are enjoying a strong bounce. $COMP, $ALPHA, $SNX, and $AAVE lead the way.

Assets colored in gray in the chart under-performed FTX’s DeFi index.

The next couple of weeks will be telling for DeFi, and the crypto market in general.
Read 10 tweets
1 Jul
↓ Some weekend reading from your friends over at Delphi 🤝
With the recent launch of @ConvexFinance, more and more $CRV is being locked up in governance.

How long until there’s no more CRV available to lock up? Delphi Associate @Paul_Burlage dives in:
delphidigital.io/reports/when-c…
After much anticipation, EIP-1559 is set to go live next month.

In this post, @Alex_Ged attempts to answer the question on everyone’s mind - will it turn ETH net deflationary and, if so, when?
delphidigital.io/reports/eip-15…
Read 7 tweets

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