DeFi News Daily Official TheBitTimes.com

In the wake of a recent cryptocurrency market drop, a fresh wallet has withdrawn $17.43 million worth of coins from Binance. The move, spotted by blockchain analytics firm Lookonchain, suggests that whale s are taking advantage of the dip to buy a diverse range of altcoins. The substantial withdrawal includes a variety of popular coins, with Avalanche (AVAX) leading the pack at 48,922 tokens, worth approximately $1.86 million. Fetch.ai (FET) follows closely, with 621,003 tokens valued at $1.45 million. Other notable coins in the withdrawal include The Graph (GRT) at 5.14 million tokens ($1.44 million), Polygon (MATIC) at 1.9 million tokens ($1.41 million), and Optimism (OP) at 532,444 tokens ($1.29 million). Also read: Shiba Inu: This Pattern Suggests A SHIB Surge To $0.000045 Which #altcoins did whale s buy after the market dropped? We noticed a fresh wallet withdrew $17.43M #altcoins from #Binance in the past 3 hours, including: 48,922 $AVAX($1.86M) 621,003 $FET($...

Bitcoin (BTC) has had an impressive performance in the past two weeks, breaking the previous all-time high of $69,000. This movement rewarded investors 40% gains in 15 days, and Bitcoin whales started realizing profits by “increasingly cashing out.” In particular, Ali Martinez spotted the profit-realization attitude through Glassnode data. The on-chain analyst posted the sell-off alert for Bitcoin on X on March 12. Notably, the number of Bitcoin whales holding 1,000 BTC or more dropped 4.83% in the last two weeks. According to Martinez, this scenario suggests these big investors have been “ increasingly cashing out” during the nearly 40% price surge. Picks for you $1000 invested in DOGE at start of 2024 returned 22 mins ago Leveraging small investments: Strategies for limited budgets 22 mins ago JPMorgan CEO estimates 65% chance of a recession 47 mins ago 3 cryptocurrencies to turn $10 into $1,000 in March 2 hours ago “Recent data reveals...

A host of DeFi assets initiated recoveries towards the end of June that translated into a fruitful uptick by early July. Compound’s COMP token was one such asset. As recently analyzed it rose by more than 100% in less than a fortnight. Nevertheless, the broader DeFi market has been moving in tandem with the broader crypto market. The aggregate valuation of both markets was on a downtrend for several weeks. However, they recently registered a streak of green candles and broke above the downtrend. Currently, however, the bullish momentum seems to be fizzling out, for both the markets have been correcting. As of press time, the DeFi market was valued at $40 billion, while the entire crypto market was worth $1.1 trillion. DeFi market cap vs. Crypto market cap by TradingView Also Read: Threads Token Up 4800% Amid Meta-Musk Saga TVL on Lido, Maker, Aave, Curve Uniswap fluctuates Despite the wobbly environment, the TVL landscape continued to remain quite competitive. The...