Crypto OI Shows Mixed Trend: Bitcoin, Solana Down, While Ethereum, XRP Up
A divergence has formed in the crypto futures market during the past week as Bitcoin and Solana have seen deleveraging against the others. Bitcoin, Solana Have Seen A Drop In Perpetual Futures Open Interest In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Open Interest for […]
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A recent survey by Coinbase and EY-Parthenon shows that institutional investors are more allocated to Solana over XRP and Dogecoin. This contrasts with the current trend in spot crypto ETFs, where XRP ETFs boast more net assets than SOL and DOGE ETFs. Institutions Are More Invested In Solana Than XRP And Dogecoin The survey shows […]
Institutional investors last week dumped Bitcoin, Ethereum, and Solana for XRP. This came as BTC, ETH, and SOL recorded major outflows while XRP bucked the trend, with significant inflows. Institutions Offload Bitcoin, Ethereum, Solana For XRP A CoinShares report showed that Bitcoin, Ethereum, and Solana funds saw outflows of $1.27 billion, $589 million, and $156 […]
July was, in many ways, a mixed bag. While it was flooded with news of large corporations gobbling up Bitcoin, Ethereum, and Solana – a trend that’s still ongoing – the cryptos themselves didn’t react as positively as many had hoped. That said, September has brought a wave of newfound enthusiasm, fueled by the potential […]
Recent data has shown that Ethereum briefly fell behind Solana in a major metric. This has raised questions about what it could mean for the altcoin season, since ETH usually leads the way during that period. Ethereum Falls Behind Solana In Perp Volume DeFiLlama data shows that Ethereum fell behind Solana in perp volume by […]
On-chain data shows signs of an altcoin winter may be emerging as Ethereum, Solana, and other cryptocurrencies have seen a decline in activity. Altcoins Are Observing A Drop In On-Chain Activity In a new thread on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about how interest in altcoins has been cooling off recently. Related Reading: CryptoQuant Head Reveals Reason Behind Bearish Bitcoin Trend The on-chain indicator of relevance here is the “Active Addresses,” which measures, as its name suggests, the total number of addresses that are....