VELO rises above $0.095, up 38.5% in 24 hours August 24, ac | Kun Lee on Binance Square

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VELO rises above $0.095, up 38.5% in 24 hours
August 24, according to market data, Velodrome Finance (VELO) has surged past $0.095, currently trading at $0.096, with a 24-hour gain of 38.5%.
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CCData: Liquidity of ETH trading pairs on CEX has dropped significantly since June According to data tracked by CCData, since the debut of 9 Ethereum spot ETFs on July 23, the order book liquidity of ETH has been declining. Since the launch of the ETFs, the average 5% market depth of ETH trading pairs on US-based centralized exchanges has decreased by 20%, down to around $14 million. On offshore centralized exchanges, this figure has decreased by 19%, down to around $10 million. In other words, the spot price can now actually rise or fall by 5% more easily, indicating reduced liquidity and increased sensitivity to large orders. CCData research analyst Jacob Joseph stated that although the liquidity level of ETH trading pairs on centralized exchanges is still higher than at the beginning of the year, it has declined by nearly 45% since reaching a peak in June. This may be due to poor market conditions and seasonal effects of the summer, typically accompanied by reduced trading activity. $BTC $ETH $BNB

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CCData: Liquidity of ETH trading pairs on CEX has dropped significantly since June On September 7, according to data tracked by CCData, since the debut of 9 Ethereum spot ETFs on July 23, the order book liquidity of ETH has been declining. Since the launch of the ETFs, the average 5% market depth of the ETH trading pair on the US-based centralized trading platform has decreased by 20%, dropping to around $14 million. On offshore centralized trading platforms, this figure has decreased by 19%, dropping to around $10 million. In other words, the spot price can now actually rise or fall by 5% more easily, indicating a reduction in liquidity and increased sensitivity to large orders. CCData research analyst Jacob Joseph stated that although the liquidity level of the ETH trading pair on centralized trading platforms is still higher than at the beginning of the year, it has declined by nearly 45% since reaching its peak in June. This may be due to the poor market conditions and seasonal effects of the summer, which are typically accompanied by a decrease in trading activity. $BTC $ETH $BNB

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Data: A long ETH whale sold more than 5,000 wstETH and stETH in the past 4 hours to avoid liquidation According to on-chain data analyst @ai_9684xtpa, a 0x1dF-starting whale address has sold 5,178 wstETH and stETH over the past 4 hours to avoid liquidation, worth $12.84 million, at an average price of $2,481. The address still holds 24,651 stETH as collateral, has borrowed 30.91 million USDT, and has a health factor of 1.44. The address will be liquidated when ETH drops to $BTC $BTC $ETH $bnb

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Blur founder: The on-chain ecosystem is much better than the bear market in 2019, and leading projects are often born in bear markets According to the news from Mars Finance, Pacman, the founder of Blur and Blast, posted on social media that the bear market in 2019 was actually depressing, with no enthusiasm, and the crypto industry had no users at the time. Nowadays, we have DeFi, Perp DEXs, Non-Fungible Tokens, and yield-bearing stablecoins. Most importantly, there are still a considerable number of very active users (in terms of trading volume and scale) on the chain. Although it is difficult to predict whether the cryptocurrency prices will rise or fall in the next few days or weeks, this field will continue to exist. New category leaders emerge in every cycle, and these new leaders are almost always established during the bear market (Blur was also established during the bear market). This may seem counterintuitive, but such eras present the best opportunities. $BTC $ETH $BNB

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A long ETH whale sold 5,178 wstETH and stETH in the past 4 hours to avoid liquidation According to on-chain data analyst @ai_9684xtpa, a certain 0x1dF-starting whale address sold 5,178 wstETH and stETH worth $12.84 million in the past 4 hours to avoid liquidation, at an average price of $2,481. The address still holds 24,651 stETH as collateral, has borrowed 30.91 million USDT, and has a health ratio of 1.44. The address will be liquidated when ETH drops to $BTC $BTC $ETH $bnb

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