Amid the market crash on Monday, IntoTheBlock analysts recorded the second largest volume of transactions with the USDC stablecoin in its history. The amount of transfers was equivalent to 38.72 billion dollars.

Accordingly, cryptocurrency traders continue to be afraid and enter stablecoins. In addition, stop losses are triggered.

Here is a comparison of the scale of the current period of the Bitcoin collapse (in black), which has been going on since November 2021, with other similar cases in the history of cryptocurrency. Spoiler: some of them lasted longer and were more painful.

So the long-awaited bottom may be far enough away. Or maybe not - no one knows.

Massive withdrawals of military-technical cooperation (Glassnode) began with crypto-exchanges. For a long time, this was considered a bullish sign.

Breaking: Crypto Lender BlockFi Gains $250 Mln Credit Line From FTX
https://bit.ly/3Na2XJK

Last Friday, major Bitcoin investors set a new record. According to IntoTheBlock analysts, the number of bitcoins held by organizations with an address balance of 100,000 BTC has reached 776,000 coins.

There are five such addresses in total, and growth is equivalent to 16 percent over the past month. Not bad.

The number of active addresses in the Ethereum network within an hour has reached a minimum in 17 months. According to Glassnode, the figure is 28,346 units.

It looks like many blockchain enthusiasts are sleeping for now.

The number of ethers on centralized cryptocurrency exchanges (blue) continues to decline. According to IntoTheBlock, in general, investors withdrew 4828 ETH from the trading floors in June.

Given the current situation, this is a good indicator.

Breaking: Court Orders Liquidation Of Three Arrows Capital

https://bit.ly/3Nu4N8A

🐶😺 Whatever your opinion of #Dogecoin Sentiment and #ShibaInu , it looks like each of them is showing a noticeable increase in network activity. Especially in the last 10 days of $DOGE (+32%) and $SHIB (+35%) there have been many repeated network interactions.

The number of Ethereum addresses holding at least 100 ETH has hit a 14-month high. Today, the figure is 44,449 units, according to Glassnode.

So while some are selling, others are buying. That's for sure.

According to analysts at CryptoCompare, the asset-under-management ratio for crypto-currency investment products has hit an annual low. In particular, the volume of investments in Bitcoin (green) in June decreased by 33.7 percent to $15.9 billion. And the result of Ethereum sank by 46.7 percent.

MicroStrategy's bitcoin position has sank 36 percent to the equivalent of $2.52 billion today. You can follow the situation with her on this site saylortracker.com

There, at the same time, the entire list of purchases of the giant is indicated in the form of tweets of the head Michael Saylor.

Breaking: Meta’s NFT Plans In Full Swing Despite End To Crypto Program
https://bit.ly/3AuO02f

Top 10 growth among #DeFi tokens in the last 30 days 📈

Analysts at IntoTheBlock note a noticeable decrease in the reserves of Bitcoin miners. For example, during June 2022, Core Scientific sold 7,000 BTC for $167 million. Thus, the management wanted to improve the financial position of the platform.

That is, miners are forced to sell reserves in order to pay operating expenses, pay off loan obligations, and so on. Such are the consequences of a bearish trend.

Now, two important trends have been recorded on crypto exchanges, which inspire confidence in future growth. The first is the ongoing mass withdrawal of military-technical cooperation from exchanges. The second is the massive accumulation of USDT, the number of which is already at the same level as in April 2020 (santiment). What uptrend started then, it probably makes no sense to remind🔥📈

Meanwhile, the total dollar equivalent of ETH burned in fees has crossed the $8.4 billion mark. If anything, this indicator has been achieved since August 5, 2021.

Representatives of The Block compared the commissions on cryptocurrency exchanges for traders with a capital of 10 thousand dollars. As a result, the Woo X exchange, which we already know, turned out to be the most profitable platform, followed by FTX.

Most fees are charged on the Coinbase Pro and Bitstamp platforms. Here is the corresponding rating.

Breaking: BlockFi CEO Describes Latest Move “Best Possible Outcome”
https://bit.ly/3uJBUP4

⚡️NFT Marketplace volumes increased by 2439.2% from $509.36 million to $12.93 billion.

This growth is likely due to the continuous growth of the NFT ecosystem between Q2 2021 and Q2 2022 - in particular, the growing popularity of PFP collections.