1/5 Investing in the crypto industry requires specific knowledge. Stay ahead of the game by understanding analytics, data, and onchain analysis. These tools can provide valuable insights and help you make informed decisions. #cryptoinvesting#onchainanalysis
2/5 Onchain analysis is a powerful tool for understanding the health and performance of a particular cryptocurrency. By analyzing the underlying blockchain data, you can identify patterns and trends that can indicate future performance. #onchain#cryptoanalytics
3/5 Analytics and data play a crucial role in gaining an edge. By analyzing historical price data and market trends, you can identify undervalued coins that may be poised for growth. You can combine these insights with onchain analytics. #cryptoanalytics#data
4/5 It’s also important to have the right mindset. The industry is known for its volatility, and you must be able to adapt to the fast-changing environment. Be open-minded, disciplined, and stick to a well-crafted investment strategy backed by data. #cryptoinvesting#attitude
5/5 In conclusion, investing in the crypto industry requires specific knowledge, skills, and the right attitude. Onchain analysis, analytics, and data are critical tools that can help you make informed decisions. Stay informed and stay ahead of the game. #cryptoinvesting
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Symbiotic just launched – here’s what you need to know👇
@symbioticfi has emerged as a new Ethereum restaking platform, supported by @paradigm and the founders of Lido.
2/ What’s Symbiotic?
Symbiotic is a protocol that enables coordination between users and services to provide security through liquidity to the services built on Symbiotic.
3/ Symbiotic Vs Eigenlayer
Earlier this year, Eigenlayer captured the spotlight with its TVL skyrocketing to over $12B in the first few months. It now stands at $18.5B. Can Symbiotic compete?
1/ Bitcoin prices decreased about 10% in the past week, and even more since the approval of the Bitcoin ETF. Many expected the opposite. So let’s take a look at what’s going on with $BTC 👇
2/ Bitcoin recorded a sixth consecutive week of inflows into CEXs, with nearly $2B in net deposits since December. High exchange deposits are typically a sign of selling behavior. So who’s selling?
3/ First of all, Bitcoin's average holding time of transacted coins hit an all-time high on Monday, and the second-highest weekly. This means old coins started moving, which could be the result of people exiting GBTC
1/5 Every trader strives to time market bottoms and tops. On-chain & financial indicators can be an amazing ally! Let's explore the MVRV, an interesting tool for #Bitcoin market trends.🧵👇
#MVRV #Analytics #Crypto
2/5 MVRV stands for Market Value to Realized Value and it compares the value at which people bought an asset to the total market cap of an asset. app.intotheblock.com/coin/btc/deep-…
3/5 📊 MVRV can help pinpoint a bottom. When the value is <1, it signals most people are at a loss, possibly indicating a ripe buying moment.
1/ #Bitcoin and precious metals have shown a noticeable increase in correlation recently🪙🧵
2/ The crypto market seems to be tracking gold and silver more closely as the macro focus shifts from interest rates to bank failures and the risk of default.
3/ The higher correlation with precious metals likely began following the Silicon Valley Bank failure and the subsequent government response. It seems to persist as the debt ceiling deadline approaches. #SVBBank