Thread by @realMatrixport

🔥💰 Things are heating up! From bullish #Bitcoin & #Ethereum to underperforming #stablecoins & declining active addresses. Catch on these #alphatrades right here 🧵

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1/10 💡 The "Greed & Fear" indicator just dropped from 100 to 50. This indicator is based on the technical momentum of #crypto prices and shows a shift in sentiment.

2/10 🚀 #Bitcoin is currently 21,781 above the 50d MA of 20,308, and #Ethereum is 1,514 above the 50d MA of 1,465, both with a price change of -6.7% & -9.2% WoW respectively. The overall trend remains #bullish.

3/10 ⚠️ #Ethereum is underperforming #Bitcoin as the trend (20d) MA shows a decreasing #ETH/#BTC ratio. #Crypto is driven by beta factors, so be cautious.

4/10 💰 The Global #Crypto market cap decreased by -5.3% WoW to $1.06trn, above the 50d MA ($0.99trn), but #Bitcoin dominance is at 39.9% for the week, which is #bearish for altcoins.

5/10 💹 Global #Crypto trading volume increased by 37.6% WoW to $88.5bn, above the 50d MA ($64.3bn), with weekly #Bitcoin volume 47% higher than average & #Ethereum volume 16% higher.

6/10 💼 Top 3 #stablecoin market caps ($125.9bn) are in the 0%ile range, with volume ($41bn) in the 25%ile range (last 3m). Market cap decreased by -0.3% WoW, suggesting liquidity is leaving the ecosystem.

7/10 🔒 #TVL (Total Value Locked) is above the 2m MA, but decreased by -3.5% ($-1.9bn) WoW to $65.1bn. #Lido TVL decreased by -6.9% to $8.5bn, with TVL outflows driven by #Decentralized Exchanges (#Dexes) sector.

8/10 📈 The number of active #Bitcoin addresses decreased by -1.7% over the last week to 764k, while the number of active #Ethereum addresses decreased by -7.5% to 653k. Ethereum weekly transaction fees are 60.1% higher than average.

9/10 💸 The #Bitcoin futures funding rate trades at a negative level (-3.6%), but the #Ethereum futures funding rate is at a positive level (6.5%). Average daily #liquidations for #Bitcoinfutures were $23 million, and for Ethereum were $24 million.

10/10 💰 Weekly Revenue for #Uniswap increased by +62% WoW (to $19.4m), #Ethereum increased by +27% (to $38.95m), BSC increased by +7% (to $8.99m), #Lido increased by +7% (to $8.78m), and #ConvexFinance decreased by -36% (to $2.71m). #Bitcoin decreased by -46% (to $0.59m).

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#crypto #altcoins #trading