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An analyst compares Ethereum to Nokia, suggesting it may lose relevance as Solana outperforms in scalability and user experience. While Ethereum maintains dominance in DEX volume, it must accelerate its development to avoid being overtaken.
While Bitcoin spot ETFs face continued outflows, derivatives markets remain optimistic, with positive funding rates and strong demand for call options signaling bullish sentiment.
Over $2.5 billion in Bitcoin and Ethereum options expire today, with analysts anticipating market volatility due to fading call premiums and global uncertainty. Traders are eyeing these expirations for clues on short-term price direction.
Share link:In this post: In March, trading volumes on centralized exchanges continued to slow down, following the trend for the first two months of the year. Crypto derivatives markets declined by 5%, while spot markets lost 16.4% of their volumes. Binance retained the biggest share among centralized exchanges, for both spot and crypto derivatives activity.
- 08:14Data: A whale/institution sold 220 WBTC 2 hours agoAccording to ChainCatcher, monitored by on-chain analyst Ember, a whale/institution sold 220 WBTC on-chain 2 hours ago at a price of $95,710, exchanging them for 21.06 million USDT. In November 2023, he purchased 220 WBTC at a price of $34,938, making a profit of $13.37 million (+174%).
- 07:49Ethereum's Net Supply Increased by 17,575 in the Past 7 DaysBlockBeats news, on May 4th, according to Ultrasound.money data, Ethereum's net supply increased by 17,575 in the past 7 days, with a supply increase of approximately 18,200 ETH, and 625 ETH were burned through the burn mechanism. The total supply of Ethereum has reached 120,734,538 ETH, with a current supply growth rate of 0.76% per year.
- 07:48Trump: Temporary Recession of the U.S. Economy is AcceptableBlockBeats News, on May 4th, according to a report by the Global Times, on May 2nd local time, Trump stated in an interview, "A temporary recession in the U.S. economy is acceptable. The U.S. is in a transition period, and I believe the U.S. will ultimately perform very well."