Cryptocurrency markets are trading lower despite strong ETF inflows.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$69,286.96
-1.5%
Ethereum (CRYPTO: ETH)
$2,512.05
-0.3%
Solana (CRYPTO: SOL)
$165.84
-1.9%
Dogecoin (CRYPTO: DOGE)
$0.1606
-0.7%
Shiba Inu (CRYPTO: SHIB)
$0.00001743
-2.4%
Notable Statistics:
IntoTheBlock data shows large transaction volume decreasing by 9.7% and daily active addresses marginally higher by 0.7%. Transactions greater than $100,000 are down from 11,191 to 10,285 in a single day. Exchanges netflows are down by 75%.
Coinglass data reports 80,297 traders were liquidated in the past 24 hours for $277.81 million.
Rekt Capital noted Bitcoin dominance at a historic monthly close. He added the last time BTC dominance closed like this in a macro uptrend was in early 2019.
Crypto chart analyst Ali Martinez highlighted Bitcoin ETFs inflows topping $520 million, the highest since their launch.
Notable Developments:
Flipster Introduces Lightning-Fast Perpetual …Full story available on Benzinga.com
