1/ The #ETH2 Deposit has amassed, holding 12% of the total supply.
As the $ETH exchange reserve drops down to 15% of the total supply and continues to decrease,
What will happen on $ETH after the Shanghai Hard Fork?🧵 shorturl.at/svV08
2/ #Ethereum 'Shanghai Hard Fork' is set for March next year.
After the fork, it will enable withdrawals for $ETH stakers/validators from the Beacon Chain.
It can be estimated to be about 15M, or 12% of the total $ETH supply.
From a short-term perspective, there are higher APY strategies than staking rewards by depositing ETH2 that might not be promised to withdraw. shorturl.at/grvx1
4/ How have the ETH2 depositors and balance changed? 📊
Compared to 2021, the number of depositors decreased by 57% in 2022.
But the deposited balance is similar to last year.
In other words, the total balance per deposit increased by 133% in 2022👀
5/ What about the $ETH exchange reserve?
It may be that the balance of $ETH2 increases as the $ETH exchange reserve decreases.
18M of $ETH are held on the exchange, 15% of the total supply.
However, the exchange reserve is an ongoing downtrend. shorturl.at/clnR1
6/ After the Merge, the supply began to decline; 0.1M🔥
The supply and demand dynamics will shift after the fork, $ETH price volatility is imminent.
Will #Shanghai trigger mass-selling?
Or is it an opportunity that provides more liquidity to buy more $ETH shorturl.at/amH18
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Bitcoin network activity has dropped sharply. Our Network Activity Index hit 3.47k, one of the lowest levels in the past 1.5 years.
But data suggests this kind of silence often precedes the storm.
Here’s what the data says: 🧵
2/ Retail Investor Demand Dropped >5%
This metric tracks on-chain transactions between $0 and $10K — a proxy for retail activity. The recent >5% drop underscores waning interest from small investors.
3/ Spot trading volume on CEXs is back to October 2020 levels
This is the lowest level in 4.5 years. Real Bitcoin isn't moving on-chain and through CEX.
There’s little activity on CEXs or the blockchain, even as ETF demand holds up. Another sign of weak organic interest in Bitcoin itself.
Our Global Crypto Survey reveals key trends reshaping the crypto landscape.
Let’s dive in 👇🧵
The survey shows crypto users are young, experienced, and educated. 60% are aged 25-44, with over 62% having 3+ years in the industry.
Most invest under $10,000 annually, reflecting the dominance of retail investors.
Binance stands out as the global favorite exchange, with 53% using it as their primary platform, 51% making the highest profit with the exchange, and 48% holding most of their assets there.
1. SSR hits a 2-year high 2. Mara Pool's Distribution 3. 50%+ Circulating Bitcoin Supply in Profit 4. Long Term Holders' Resistance
The majority of the latest Quicktake posts flagged #Bitcoin price correction.
Thread🧵
1/ SSR hits a 2-year high
"In essence, a high SSR(Stablecoin Supply Ratio) means that Bitcoin is perceived as having greater value compared to stablecoins, showing that market participants are placing higher value on Bitcoin."
Quicktake Post by @Woo_Minkyu
2/ Mara Pool's Distribution
"The decision to distribute part of its positions after a recent peak suggests a strategic caution, possibly aiming to optimize gains and reduce risks."