Jeremy Koven

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

[Jeremy Koven @jpkoven]

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. 🧵👇

[Jeremy Koven @jpkoven]

Here is something really cool, though. At one point, the whale sent ~$200 million, paying just $233 in transaction fees!

[Jeremy Koven @jpkoven]

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. 👇

[Jeremy Koven @jpkoven]

~@cryptoquant_com CEO @ki_young_ju dispelled this fear by pointing out that this is likely an internal transaction by @Gemini

https://t.co/Tjcq1qsMy7

[Ki Young Ju @ki_young_ju]

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.

[Jeremy Koven @jpkoven]

Please like, retweet, and share!

Oh and make sure to follow all platforms below 👇

https://t.co/orxi5NFF8P

[Jeremy Koven @jpkoven]

Inflation rates have shot up through the roof. How has this affected the crypto markets? Let’s take a look with on-chain analysis.

[Jeremy Koven @jpkoven]

The march towards #ETH2 continues. The total $ETH locked up in Ethereum 2.0 contract has crossed 13 million.

https://t.co/FdlH3PhOXc

[glassnode @glassnode]

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.