“On-chain data shows minimal retail involvement in the current crypto rally, hinting at potential further price increases.”, — write: www.coindesk.com
- In previous crypto bull markets in 2017 and 2021, the Coinbase app was ranked number one in downloads versus the current 438.
- The amount of bitcoin owned by short-term holders is approximately 2.5 million tokens, a level typically associated with bear markets.
- NFT- related gas usage on the ether network has fallen to 2%, down significantly from its peak of around 40% in 2021.
Edited by Stephen Alpher.
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