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BecauseBitcoin.com Profile picture
@BecauseBitcoin
Apr 24, 2023 • 5 tweets • 4 min read • Read on X
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1. Let’s briefly look at current data regarding the liquidation levels & liquidation heat map on $ETH & $BTC:

Hyblock liquidation heat map for #BTC #USDT on #Binance in the last 12 hours. Interesting levels at $27175/$27875.

👇🏻🧵 Image
2. Hyblock liquidation heat map for #ETHUSDT on #Binance in the last 12 hours.

Interesting levels at $1810/$1908. Image
3. Hyblock liquidation levels for #BTCUSDT on #Binance.

The total cumulative liquidations delta is -10.96 billion. Image
4. Hyblock liquidation levels for #ETHUSDT on #Binance.

The total cumulative liquidations delta is -4.65 billion. Image
5. Total liquidations in the last 24 hours (by cryptocurrency).

Over $87 million in liquidations happened in the last 24 hours: Image

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More from @BecauseBitcoin

BecauseBitcoin.com Profile picture
Apr 26, 2023
1. According to the University of Cambridge’s Centre for Alternative Finance (CCAF), the #Ethereum blockchain's energy usage dropped by over 99% after changing its architecture from proof-of-work to proof-of-stake last year.

👇🏻🧵 Image
2. The power demand on the network went from 2.44 gigawatts to 235 kilowatts!

According to the University of Cambridge, the energy consumption of Ethereum after the Merge can be compared to the size of a raspberry, while Bitcoin's energy consumption is like a skyscraper: Image
3. Concerns regarding the impact on the environment are not limited to the energy consumption of the Bitcoin network‼️

Artists creating non-fungible token #NFT based collectibles on Ethereum have also expressed their worries about the significant amount of power required to mint… twitter.com/i/web/status/1…
Read 6 tweets
BecauseBitcoin.com Profile picture
Apr 25, 2023
1. Let’s briefly look at current data regarding the liquidation levels & liquidation heat map on $ETH & $BTC:

Hyblock liquidation heat map for BTC/USDT on #Binance in the last 12 hours.

Interesting levels at $27200/$27800/$28350. 👇🏻🧵 Image
2. Hyblock liquidation heat map for #ETHUSDT on #Binance in the last 12 hours.

Interesting levels at $1740$1850. Image
3. Hyblock liquidation levels for #BTCUSDT on #Binance.

The total cumulative liquidations delta is 6.51 billion. Image
Read 5 tweets
BecauseBitcoin.com Profile picture
Apr 25, 2023
1. Dormant wallets holding large amounts of #BTC & #ETH are showing activity after years of silence, sparking conversations on crypto Twitter about the possible reasons behind these moves.

Here are a few examples & possible explanations👇🏻🧵 Image
2. Someone has reactivated a dormant wallet that contains 1,000 #Bitcoin ($27 million+), after 12 years and sent 400 #BTC (Almost $11 million) from that address earlier yesterday:
3. After 7.7 years since participating in the #Ethereum ICO at a price of $0.31, an individual has made their first transaction yesterday, resulting in a value increase from $733 to $4.36 million over 2,825 days:
Read 8 tweets
BecauseBitcoin.com Profile picture
Apr 24, 2023
1. We are proud to announce our partnership with @NolusProtocol!

Nolus is a cutting-edge web3 finance suite built on the fast, secure, and inexpensive Cosmos SDK layer 1 network. Nolus Protocol is a non-custodial crypto lending app that's changing the game for borrowers with… twitter.com/i/web/status/1…
@NolusProtocol 2. What's more, the Lease solution has a 40% lower liquidation rate than the market average, making it a more flexible and lower risk option for borrowers.

But that's just the beginning of what Nolus has to offer. Image
@NolusProtocol 3. Nolus's #DeFi Lease is different from other platforms because it offers fixed interest terms to borrowers, making cash flows and reward distributions more predictable. Incentives Pool rewards decrease proportionally with TVL increase, ensuring a sustainable and appealing… twitter.com/i/web/status/1…
Read 6 tweets
BecauseBitcoin.com Profile picture
Apr 24, 2023
1. Zimbabwe's central bank is reportedly set to introduce a gold-backed digital currency #CBDC to function as an accepted means of exchange in the country.

This is also interesting since similar ideas were proposed for Texas only recently too:

👇🏻🧵 Image
2. The move comes as the country's currency, the Zimbabwean dollar (ZWL), has experienced significant depreciation against the US dollar in recent weeks due to volatility.

(Per @Investingcom) Image
@Investingcom 3. In March, the country's yearly inflation rate for consumer prices dropped to a one-year low of 87.6%, which is a decrease from 92% in February.

(Source: tradingeconomics.com/zimbabwe/infla…) Image
Read 6 tweets

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