Gems Radar Profile picture
Jun 14 5 tweets 3 min read
BITCOIN ON-CHAIN STATISTICS
 
With the FUD around the bankruptcy of Celsius, $BTC is witnessing one of the worst declines since 2022. Let’s check the  on-chain statistics of BTC.
 
#onchain #statistics
BITCOIN ON-CHAIN STATISTICS
 
The on-chain volume on the Bitcoin network is at the 6-months low, and has been moving to the lowest in Jul 2021.
 
#onchain #statistics
BITCOIN ON-CHAIN STATISTICS
 
This shows though the market is more grown than 2021, despite the major decline lately, but the public do not show interest in BTC these days.
 
#onchain #statistics
BITCOIN ON-CHAIN STATISTICS
 
About the Percentage of BTC Supply in Profit statistics, the figures showed that only 72% supply is in profit - the lowest since 2021. And the figures tend to move further to the 2020 low - the Covid crash events.
 
#onchain #statistics
BITCOIN ON-CHAIN STATISTICS
 
The less BTC supply in profit, the more selling pressure that $BTC has to be taken.
 
#onchain #statistics

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More from @Gems_Radar

Jun 14
USDD COLLATERAL RATIO STATUS
 
After being de-peg to $0.98, the Tron DAO reserve has immediately deployed more funds to back up their stablecoin. Check the infographic to have an overview about their $USDD reserve.
 
#ratio #collateral #status
USDD COLLATERAL RATIO STATUS
 
The reserve is contributed by two components: The burning $TRX contract and the reserve address.
The TRX Burning contract is the contract that contains the burnt TRX in the process of issuing USDD.
 
#ratio #collateral #status
USDD COLLATERAL RATIO STATUS
 
The reserve address is the address that contains assets to back up the stability of USDD in case of a volatile market. The reserve is divided into 3 addresses and 2 kinds of assets.
 
#ratio #collateral #status
Read 6 tweets
Mar 16
NEW ANGLE IN FINDING GEMS: DIVERGENCE IN MONEY FLOW
 
After researching, I found out that there are some correlations between the TVL and the price of a protocol.
Check the thread below to have a new angle in finding gems.
 
#angle #money #divergence
NEW ANGLE IN FINDING GEMS: DIVERGENCE IN MONEY FLOW
 
There are two case studies here:
$WAVES in 9/3 - 15/3 period
$LUNA in Feb period
 
#angle #money #divergence
1. With $WAVES, the price of $WAVES after a huge bull run to the 30 zone, it has declined a little bit. However, the TVL of this protocol did not show the same picture. The TVL went sideways for a week and continued to achieve its ATH with nearly $2.5B.

#angle #money #divergence
Read 9 tweets

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