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- 18:02Analyst: The current top 50 altcoins are trading below their post-FTX crash levels in 2022VentureCoinist founder and crypto analyst Luke Martin posted on X, stating that this chart perfectly illustrates why, even though $BTC is still above $100,000, market sentiment remains bearish/weak; currently, the top 50 altcoins are trading below the levels seen after the 2022 FTX collapse.
- 17:47BitMine currently holds over 3.03 million ETH, accounting for approximately 2.5% of the total supply.Jinse Finance reported that BitMine currently holds over 3.03 million ETH, accounting for approximately 2.5% of the total supply, with a value of about $12.9 billion. Blockchain analysis by Lookonchain shows that this week, more wallets associated with BitMine received transfers of over 72,000 ETH ($281 million) from FalconX and BitGo, reinforcing the coordinated strategy adopted by the company and other OTC sectors to build positions during periods of weakness.
- 16:56On-chain derivatives are transitioning from "experimental innovation" to emerging products that meet real market demand.According to Jinse Finance, data from Dune shows that on-chain derivatives contract trading volume has surged by more than 1000% over the past year. This trend not only reflects the growing market demand for on-chain derivatives protocols, but also marks a new stage of maturity for the broader DeFi ecosystem. After several market cycles, users' acceptance of decentralized trading experiences has significantly increased. On-chain derivatives are transitioning from "experimental innovation" to emerging products that meet real market needs.