Global cryptocurrency markets are up 2.3% to $2.1 trillion amid a 40% surge in Bitcoin’s large transaction volume.
One trader sees that the real parabola is loading, while another notes that the first resistance above $56,000 is $60,000-$61,000.
Notable Statistics:
IntoTheBlock data shows a 40.9% increase in large transaction volume, while daily active addresses grew by 12%. Exchanges netflows narrowed by 69.2%. Transactions greater than $100,000 spiked from 4,929 as of August 11 to 7,557 as of August 12.
Coinglass data shows 33,766 traders liquidated in the past 24 hours for $106.01 million.
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