Quant Explains How Whales Moved Before And After Ethereum Merge
A quant has explained how the movement of whales differed between before and after the Ethereum merge went live. Ethereum Funding Rates Reached An All-Time Low Just Before The Merge As pointed out by an analyst in a CryptoQuant post, a lot of ETH investors bet on the price going down around the merge’s completion. The relevant indicator here is the “funding rate,” which measures the periodic fee that perpetual futures contract traders exchange between each other. When the value of this metric is positive, it means long investors are paying a premium to the short holders....
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As Ethereum (ETH) experiences increasing volatility and mixed market sentiment, many of its largest investors are looking for new ways to maximize their portfolios. Ethereum (ETH) whales, who hold significant amounts of Ethereum, have been diversifying their holdings, shifting their attention to promising altcoins like Mpeppe (MPEPE), Quant (QNT), and Aave (AAVE). These tokens have […]
Many people are already aware of the risks of trading or holding cryptocurrencies. Even those not overly concerned by the crypto market have some knowledge about the dangers. The volatility of certain digital currencies, such as Bitcoin and Ethereum, is why many individuals and firms seek ways to maintain the value of their assets. The Ethereum whales are no exception to this fact. Seeing the drop in the holdings of non-exchange addresses, ETH whales decided to move their holdings to on-exchange addresses. Related Reading: What The Negative Bitcoin Funding Rates Say About Investor Outlook....
Quant moved close to a six-month high on Saturday, as the token remained in the green for a second consecutive session. The rally comes as prices are now up by over 25% in the last seven days. Dogecoin was also in the green, as prices moved higher for a third consecutive day. Quant (QNT) Quant (QNT) was one of the notable gainers to start the weekend, as prices moved closer to a six-month high. QNT/USD raced to an intraday high of $146.52 on Saturday, less than a day after trading at a low of $138.40. Today’s high was marginally below Friday’s peak of $147.00, which is the....
The Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your crypto portfolio. We know that sometime between September 10th and 20th, the Merge will take place, resulting in the Proof of Stake “Beacon Chain” merging with the current Proof of Work Ethereum chain. While speculation surrounds whether Ethereum will fork and what may happen to DeFi protocols, stablecoins, NFTs and more, essential questions remain around the potential tax implications that Ethereum holders could incur. So....
Ethereum was formerly developed as a PoW blockchain. However, it’s been planning to transition to PoS through an upgrade tagged the merge. The process, which has different phases, is almost getting to completion as the date for the merge draws closer. The target is September 15 and would finally merge the Ethereum mainnet and the […]