Jeremy Koven (@jpkoven) header
Jeremy Koven (@jpkoven) profile picture

COO & Co-Founder of @CoinSmart | Serial Entrepreneur, Sports Junkie, and Lover of all things Tech!

Toronto, Ontario
Joined October 2015
Bears remain in control of the market. #Bitcoin has dropped below $29,000 while #ETH has dropped $2,000. What does on-chain analysis have to say? Let’s take a look. 🧵👇
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Usually, I post a roundup on Fridays, but something very interesting happened this week that caught my eye. Let’s take a look at the (erstwhile) 3rd richest #Bitcoin whale. 👇
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~@cryptoquant_com CEO @ki_young_ju dispelled this fear by pointing out that this is likely an internal transaction by @Gemini teapawt.org/ki_young_ju/status/154…
This is FUD. This one is just an internal transfer to "1LQoW..." which might be a cold wallet or custodian wallet, highly likely owned by @Gemini. What's obvious is that it's not a user deposit to exchange hot wallets for selling $BTC. Not at all.
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Here is something really cool, though. At one point, the whale sent ~$200 million, paying just $233 in transaction fees!
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Inflation rates have shot up through the roof. How has this affected the crypto markets? Let’s take a look with on-chain analysis.
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The march towards #ETH2 continues. The total $ETH locked up in Ethereum 2.0 contract has crossed 13 million. teapawt.org/glassnode/status/15457…
Total $ETH deposited in the 2.0 contract has now surpassed 13M $ETH, which is 10.9% of circulating supply. Lido accounts for 4.137M $ETH, commanding over 31.8% of the total stake. By comparison, Coinbase, Kraken, and Binance combined account for 3.505M $ETH, 27% of the total.
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