The number of crypto whales is rising. Here’s where they’re coming from
BTC $9242 (+1%) • ETH $232 (+2.7%) • XRP $0.177 (+0.8%)
|CryptoSlate||Jul 1|| 2|
The number of Bitcoin whales has been rocketing higher since the start of 2019, pointing to an intense accumulation phase amongst these large investors who hold massive amounts of crypto.
The growth of this number seems to indicate that investors with access to large sums of capital do believe that the cryptocurrency’s long-term outlook is incredibly bright, as it is fast approaching its all-time highs that were set in May of 2018.
Data, however, indicates that this number is not growing due to new money entering the market, but rather due to these entities withdrawing BTC from exchanges.
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Weeks after the Bitcoin halving in mid-May, miners are seemingly moving out of China and into Europe — with one prominent mining pool stating geopolitical tensions between the United States and China are a major catalyst.
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A previous Compound proposal for COMP yield farming caused a mess in the DeFi market, pushing users to yield farm only in the markets with the highest interest rates.
Bitcoin was predicated on being a decentralized technology.
According to the latest paper from Strix Leviathan, Bitcoin’s popular stock-to-flow model is fatally flawed and nothing more than a marketing piece.
Ethereum’s market landscape has been shifting significantly in recent times.
The past few weeks have seen so-called “yield farming” gain popularity throughout the Ethereum ecosystem.
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