On-chain lending has been gaining traction lately, and it's interesting to see how it's surging.
The Ethereum Shanghai upgrade, which allowed investors to withdraw staked ETH, has sparked a wave of new deposits, with a clear preference for liquid staking tokens1
According to recent data from Token Terminal indicates that the total active loans in the on-chain lending market have reached an all-time high, surpassing $20 billion. The previous record was set in December 2021.
After several days of turbulence, all the vitality that the counterfeit had painstakingly restored has been shaken away. The New Year is coming, and the capitalists shouldn't be too excessive; everyone needs to celebrate the New Year. It makes our year-end difficult year after year, and I can no longer remember how many years it's been. During festivals, the fear of disaster is the greatest. It's really tough to celebrate the New Year without some money, especially since the overall environment isn't great. Those in the cryptocurrency world can be looked down upon compared to those in the stock market.
Recent data from Token Terminal reveals that the total active loans in the on-chain lending market have reached a new all-time high, surpassing the significant $20 billion mark. This record-breaking figure represents a substantial growth in the decentralized finance (DeFi) sector, highlighting the increasing demand for blockchain-based financial services.
The previous record of $20 billion was set in December 2021, but the latest surge indicates a strong upward trajectory, as more users and institutions are embracing decentralized lending platforms. This growth reflects the broader trend of increased confidence in DeFi protocols, driven by innovations in lending, borrowing, and other financial services powered by blockchain technology.
The rise in active loans suggests that on-chain lending is becoming a more integral part of the financial ecosystem, offering users greater flexibility, transparency, and accessibility compared to traditional banking systems. With decentralized platforms continuing to evolve and attract more participants, this market is poised for further expansion in the coming months.
Good evening, everyone. Let's take a look at the market tonight.
The current four-hour pattern is still in a downward trend. It rebounded a little bit during the day today, but it was very weak and could not go up. Now Bitcoin is fluctuating at the Fibonacci 786-100 position. We should pay attention to the important support of 91,500 in the future. If it falls below, it will most likely touch 90,000. Now it is basically a wash-out decline in the early morning. From the perspective of Bitcoin ETF, Bitcoin had a net outflow of 580 million US dollars yesterday, and Ethereum had an outflow of 150 million US dollars. When will a large-scale inflow flow into this market to improve? The market in January must clean up the long army, and February will usher in a big rise. Let's see if it can break through 94,000. Now this position is suppressed by the EMA moving average. Let's see if it can break through.
There are still 11 days before Trump takes office. The risk this month will be very high. The market is waiting for tomorrow's data, non-farm and unemployment rate. Now we are more worried that the Fed will consider suspending interest rate cuts. Another data this week is the US ISM non-manufacturing index, which rose from 52.1 to 54.1, far higher than market expectations. The job vacancy data released by the US Department of Labor showed that the number of vacancies reached 8.09 million, and the market expectation was 7.74 million. These data represent a resurgence of inflation and a decline in the Fed's expectations for rate cuts. Therefore, the US stock market plunged sharply, and the cryptocurrency market also collapsed. This round of bull market is indeed difficult. The last round of bull market started with a super-large release of money because of the epidemic. This round of bull market is a bit nonsense. It may not fall even if it falls by half. The cryptocurrency market is really too difficult. As long as we can safely get through this month and withstand this wave of killing, the market in February will pick up. Ethereum will upgrade in March, and there is a high probability that it will be hyped in advance in February. At present, we can only wait for opportunities. If it falls, we will stock up and wait for an outbreak of the market!
As I said on the square two days ago, the price has retested the support level of 92,000. This support level is strongly bought, and the first rebound target is 95,000 US dollars.
Yesterday's strategy: short on rallies You can use my Binance link to registerš to enjoy a 20% discount on handling fees Strategy, market analysis and other free services$BTC $ETH $PEPE
Hurry up and get on the car to take the initiative to be wrapped up
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Two days ago, BTC reached 100,000+. Those who didnāt get on board, or those who got on board with too small positions, cried and shouted, saying that if the price drops, I will go all-in. Well, Iāll give you a chance. If it drops, where are you talking about whether it will drop to 80,000, whether the bull market will end, and whether entering the market now is the peak? Anyway, I personally suggest buying the bottom in batches. If you want to scold me, just scold me. Looking at the market, Iāll give you some coin points. 1.btc, 94500-92500-90500 2.eth, 3325-3225-3060 3.sol,195-185-175 4.doge,0.35-0.34-0.32 5.uni,13.1-12.5-12 6.link,20-18-16 7.ena,0.95-0.91-0.85 8.ens, 32-30-28 9.aave, 300-285-265 10, sui, 4.5-4.0-3.5 11, wld, 2.2-2.0-1.8 12.cow, 0.77-0.71-0.656 13.move, 0.90-0.85-0.83 14.zen.22-20-15 15.ltc, 100-95-90 16. Actively buy a set, if you are trapped, lie flat for a while. February is a month of skyrocketing every year. Do you dare to do it? $BTC #å åÆåøåŗåč°
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Bitcoin Price Prediction: Will BTC Rebound to $132K? š
Bitcoin (BTC) recently dipped below $95K, raising bearish concerns among traders. However, key indicators hint at a potential rebound, with some analysts targeting $132K during periods of extreme market euphoria.
Key Highlights:
Bearish Momentum: BTC has struggled since mid-November, with futures open interest (OI) stagnating for months.
MVRV Indicator: The Market Value to Realized Value (MVRV) ratio suggests a rebound as it remains above its 1-year moving average of 2.18. Historically, BTC sees extreme euphoria when the MVRV ratio exceeds 3.2, aligning with a price target of $132K.
Factors Driving BTC's Next Move
1. Institutional Confidence: Growing adoption by institutions continues to attract capital away from traditional assets like gold.
2. Pro-Crypto Policies: The upcoming administration under President-elect Donald Trump could bolster Bitcoin adoption, particularly with a potential U.S. strategic Bitcoin reserve.
3. Global Adoption: Nation-states may follow El Salvadorās lead, further driving demand amid Bitcoinās finite supply.
Outlook for BTC
Despite short-term bearish trends, long-term prospects remain bullish due to institutional interest, policy support, and supply-demand dynamics.
š” Analysts believe BTC could exceed $500K by 2030 and even $1M by 2050, but these remain speculative.
Stay tuned for updates on BTCās next big move! šÆ Don't forget to follow us @BITCOIN BANGLADESH -BD ā¤ļø
#ęÆē¹åøä»·ę ¼čµ°åæåę Again and again someone is saying they want to sell Bitcoin $BTC , the Mentougou issue has been talked about for years, the Silk Road narrative has started again, and now there's talk that Satoshi Nakamoto is going to sell Bitcoin. For such news, we can only say don't be scared by it; whether there will actually be a sell-off is another question. Even if there is a real sell-off, it can only lead to a decline, but it won't be a fatal drop; otherwise, the bears would be getting rich overnight. It's not that easy to get rich in the crypto world!
Just woke up, isn't it said that the bottom should be picked at 9 o'clock? I'm hungry, the specific rebound time depends on the market's movement. The rebound at 1 AM, I think we should wait a bit longer. Let's check around 8 PM; there are still people who don't know which coins to buy at the bottom. The leading coins in terms of price increase are not from now; basically, the leaders before the official rebound are all traps. It's actually very simple to determine the real leaders: the ones that increase slightly at the bottom and don't spike up and quickly drop back. In simple terms, if the rebound is confirmed in the evening, then the leading coins in terms of price increase at that time will be the real ones. Let's wait a bit longer. Brothers, those who trade frequently can use my rebate, absolutely the highest reliable weekly rebate. Invitation code: NSMFJFKS
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