Flagship digital belongings Bitcoin (BTC) and Ethereum (ETH) are within the inexperienced as their values rose to over $22,000 and $1,400 within the final 24 hours.
In response to knowledge from Coinglass, over $300 million briefly positions had been liquidated due to the mini-rally of those belongings.
Within the final 24 hours, Ethereum liquidated $210 million briefly positions in opposition to it, whereas Bitcoin liquidated $71 million.
Ethereum has been on a inexperienced run since builders revealed that its extremely anticipated Merge is ready to happen on September 19.
Ethereum’s value has risen by over 25% within the final seven days.
Glassnode knowledge confirmed that the variety of addresses holding greater than 32 ETH had reached a 16-month excessive.
📈 #Ethereum $ETH Variety of Addresses Holding 100+ Cash simply reached a 15-month excessive of 45,081
Earlier 15-month excessive of 45,069 was noticed on 13 July 2022
View metric:https://t.co/FbjiMG3uFX pic.twitter.com/iMufq6Nzcc
— glassnode alerts (@glassnodealerts) July 18, 2022
The variety of wallets holding at the least 100 ETH has additionally risen to a 15-month excessive of 45,081, Glassnode mentioned.
Lido is up by over 170% in 7 days
Lido DAO Token (LDO) has risen by over 170% within the final seven days as curiosity within the coin grows on the again of the timeline for Ethereum’s Merge.
Within the final 24 hours, LDO’s worth has dropped by 3%. However that didn’t cease it from buying and selling at its highest worth within the final 30 days at $1.82.
LDO’s transaction quantity spiked by over 21% within the final 24 hours.
The coin’s buying and selling chart confirmed that its relative power index (RSI) is above 70, which implies it’s presently overbought — indicating that it might be prepared for a short-term pullback.
Lido’s dominance of staked Ethereum stays unshaken as over 4 million items of ETH have been staked through the protocol — one-third of the whole staked ETH.
As of press time, the USD worth of Ethereum staked through Lido is over $6 billion.
📰 Abstract 📰
– Constructive development in liquid staking throughout all networks.
– ETH staking with Lido stays behind business common as a result of stETH market low cost.
– Lido ecosystem stays rising regardless of the tumultuous DeFi occasions.
— Lido (@LidoFinance) July 15, 2022
