Data shows that as the market adjustment is approaching, Bitcoin fee income has seen a significant drop this week. According to the blockchain analysis platform IntoTheBlock, Bitcoin fee income this week was only $20.3 million, a decrease of 33.1%. Analysis suggests that this situation may be related to the decline of the BRC-20 trend and the decrease in Bitcoin Ordinals activity. In addition, since the approval of the spot Bitcoin ETF, $700 million worth of BTC has been withdrawn from CEX.
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Bitcoin fee income was only about $20.3 million this week, a drop of more than 33%
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The total subscription volume of Hong Kong Bitcoin ETF yesterday was 101.6, and the Ethereum ETF showed net redemption for two consecutive days
The Hong Kong Bitcoin spot ETF had a net purchase of 101.6 bitcoins and a total holding of 4350 bitcoins on May 8th. The daily trading volume was 2.67 million US dollars, and the total net assets were 270 million US dollars. The daily BTC purchase came from Bosera HashKey and Huaxia Bitcoin ETF. -
Crypto mining company Core Scientific mined over $175 million worth of Bitcoin in the first quarter
Encrypted mining company Core Scientific reported on Wednesday that it mined 2,825 bitcoins in the first quarter of 2024 (worth over $175 million at current prices).The company also reported a net profit of $210.7 million, compared to a net loss of about $400,000 last year. Its stock has resumed trading on Nasdaq after emerging from bankruptcy. -
A whale deposited 757.7 BTC to Coinbase 3 hours ago, worth about 47.6 million US dollars
The Data Nerd reported that 3 hours ago, Whale 17Bu7 just deposited $757.7 worth of BTC (approximately $47.6 million) into #Coinbase. -
Ethereum liquidity re-staking protocol TVL exceeds $9.7 billion, of which Eigenpie TVL exceeds $760 million
According to DeFiLlama data, the total value locked (TVL) in Ethereum's liquidity re-staking protocol is currently $9.74 billion. The top five protocols by TVL are: -
Grayscale GBTC has a cumulative net outflow of US$17.4865 billion, and ARKB has a cumulative net inflow of US$2.2447 billion
According to Farside Investors, the cumulative net inflow of the U.S. Bitcoin spot ETF has reached $11.7667 billion since its launch. Among them: -
Ethereum NFT daily trading volume on OpenSea fell to a two-year low, down more than 99% from its peak
On May 8th, former Proof researcher punk9059 stated on X platform that currently, OpenSea's daily trading volume on the Ethereum NFT market is about 600 ETH, which is the lowest level since the NFT bull market began in May 2021. This number is down 99.1% from the peak in May 2022, when OpenSea's daily trading volume reached 66,000 ETH. -
ETH falls below $3,000
The market shows that ETH has fallen below $3,000 and is now trading at $2,999.41, with a daily decline of 2.08%. The market is volatile, so please be prepared for risk control. -
Cointime May 5th News Express
1.The Federal Reserve reduced its balance sheet by $77 billion in April, and the size of its balance sheet fell below $7.4 trillion2.Former Bitmex CEO: Bitcoin will trade between $60,000 and $70,000 before August 3.SLERF total destruction exceeds 7 million USD4.ether.fi large staker initiates pledge withdrawal application for 37,140 ETH5.Web3 digital asset company Alpha Transform Holdings makes strategic investments in Arhasi and Cloudbench 6.A trader spent 402 ETH to buy 732,326 FRIEND, with an unrealized profit of $653,0007.A certain address has sold a total of 677,197 FRIEND airdrops through BunnySwap, making a profit of approximately $1.15 million8.A multi-signature wallet withdrew 915.85 billion PEPE from Binance9.The NFT project Blob team engraved the rune EPIC•EPIC•EPIC•EPIC on the Epic Satoshi block of Bitcoin’s fourth halving10.On-Chain Analyst Predicts Six to Twelve Months of 'Parabolic Advance' for Bitcoin -
Is Bitcoin price going to crash again?
Strong technical resistance levels and a high number of profitable traders pose the risk of modest pullbacks in the Bitcoin market.
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Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
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