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CryptoQuant report: BTC miners' latest sell-off could force prices down in the short term



Time:8/15/2022 12:25:33 PM

[CryptoQuant Report: The latest selling of BTC miners may force prices to fall in the short term] On August 15, a CryptoQuant analyst said in a research report that the latest selling of BTC miners may force prices to fall in the short term. Data shows that during the recent consolidation phase between $18,000 and $22,000, miners’ reserves have been slowly increasing. , then the selling pressure created by these forced sellers could push prices lower in the short term.

Miner’s reserve is a measure of the total amount of bitcoins currently stored in all miners’ wallets. When the value of this indicator rises, it indicates that miners are depositing BTC into their wallets. When the value of this indicator decreases, it indicates that miners are transferring BTC from their reserves. This trend may not be conducive to cryptocurrency value growth.

Other news:

Pledge launches cryptocurrency donation platform PledgeCrypto: On April 13, the fundraising platform Pledge has launched PledgeCrypto, enabling non-profit organizations to accept encryption donations in more than 130 major cryptocurrencies. Supported currencies include BTC, ETH, and USDT, through which crypto donations can be accepted and instantly converted to fiat currency.

Additionally, PledgeCrypto offers a feature where any user can create a fundraising page for any event and cause they advocate, and then embed a donation button and a form on the site. (Bitcoinist) [2022/4/13 14:21:22]

Metaverse platform Cryptovoxels releases 2022 roadmap with a land cap of 70,000: On February 21, Metaverse platform Cryptovoxels released a 2022 roadmap, and set the land limit previously set for unlimited issuance to 70,000. According to the roadmap, Cryptovoxels plans to launch the Origin City land repurchase program and launch an official trading and leasing platform by the end of 2022. [2022/2/21 10:05:29]

Encryption investor CryptoWhale: Yield Farming DeFi tokens will all go to zero: DeFi Pulse data shows that from July to September, the total lock-up volume (TVL) of DeFi has increased from $1.9 billion to $8.3 billion, September 2 A record high of $9.6 billion. The rapid rise of the DeFi market has been attributed to the high demand for the Yield Farming protocol, which has allowed some DeFi tokens to outperform Bitcoin in 2020.

But crypto investor and DeFi critic CryptoWhale has been warning investors about DeFi fraudulent tokens, arguing that up to 99% of Yield Farming protocols will deceive inexperienced investors. “Yield Farming DeFi tokens are all going to zero. There’s a reason why the creators are completely anonymous and control 80-95% of the token supply. They are planning an exit scam to scam blind, greedy and inexperienced investors "(Zycrypto)[2020/9/14]

Blockworks: The Ethereum merger will happen around September 15th or 16th.

On August 12th.

Block Chain:8/12/2022 12:19:42 PM
Data: In the past 24 hours, the entire network has lost 240 million US dollars, and Ethereum has lost 89.14 million US dollars.

[Data: USD 240 million in the entire network in the past 24 hours.

Block Chain:8/15/2022 12:25:45 PM
The Ethereum network has currently destroyed more than 2.5849 million ETH

Jinse Finance reported that according to Ultrasound data, up to now.

Block Chain:8/15/2022 12:25:10 PM
Lisk announced the launch of the blockchain donation program

Jinse Finance reported that Lisk said that Lisk provides developers with tools to conve.

Block Chain:8/12/2022 12:21:15 PM
Tornado Cash deposits down 79% after sanctions were imposed

Jinse Finance reported that, according to The Block Research data.

Block Chain:8/12/2022 12:19:51 PM
US judge says Robinhood will face market manipulation claims

Jinse Finance reported that a U.S.

Block Chain:8/12/2022 12:20:12 PM
The Argentine capital government plans to deploy Ethereum verification nodes in 2023

According to news on August 12.

Block Chain:8/12/2022 12:20:27 PM
Bloomberg: Zipmex has received three-month creditor protection from the Singapore High Court

According to news on August 15.

Block Chain:8/15/2022 12:26:08 PM
The weekly index of comprehensive value of digital collections fell to 32.6 points

[The weekly index of comprehensive value of digital collections fell to 32.

Block Chain:8/15/2022 12:26:57 PM
Data: 7000 ETH transferred from unknown wallet to OKEx

Jinse Finance reported that according to Whale Alert data.

Block Chain:8/12/2022 12:21:39 PM