Gate 广场|3/5 今日话题: #比特币创下近一月新高
🎁 解读行情走势,抽 5 位锦鲤送出 $2,500 仓位体验券!
随着白宫表示已向参议院提交凯文·沃什担任美联储主席的提名,美国参议院未通过叫停特朗普打击伊朗的投票,比特币于今日凌晨创下 2 月 5 日以来新高,最高触及 74,050 美元,加密货币总市值回升突破 2.538 万亿美元。
💬 本期热议:
1️⃣ 凯文·沃什的提名是否意味着降息预期升温?
2️⃣ 当前关口,你是持币待涨、顺势追多,还是反手布局回调?
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📅 3/6 15:00 - 3/8 12:00 (UTC+8)
Uniswap (UNI) Stays Afloat With 12% Gain As Rest Of Top 50 Coins Sink
Uniswap (UNI) has experienced a remarkable, bullish surge in its price amidst mounting sell-pressure on cryptocurrency exchanges. Bullish crypto traders have actively placed orders to buy 1.3 million UNI tokens, driving the price to $6.43, one of the highest levels in the past four months
CoinGecko data indicates that the token experienced a minor 0.07% drop in the past 24 hours but a notable seven-day rally of 12.4%.
Recent data compiled by Santiment also reveals a noteworthy and sudden surge in Uniswap’s Age Consumed, indicating significant movement of tokens in the last few days.
Source: Coingecko
UNI Age Consumed: Understanding On-Chain Data
With the UNI token price soaring to a remarkable four-month peak, investors are now contemplating the opportune moment to secure profits. The rapid surge in value has led some market participants to consider early profit-taking strategies
Investors and analysts closely examine on-chain data to understand better the market sentiment and the possibility of imminent sell-offs, focusing on a critical metric known as “Age Consumed.”
Source: Santiment
Age Consumed represents the total number of days since each token unit was last moved. It provides valuable insights into the activity of long-term holders and short-term traders.
A significant increase in Age Consumed indicates that tokens previously held for an extended period are now being moved, potentially suggesting profit-taking or a shift in investor sentiment
In the case of UNI, the Age Consumed skyrocketed from 11.66 million on July 22 to 292.71 million by the end of July 30. Such a surge in Age Consumed suggests a notable movement of previously dormant UNI tokens, raising questions about the intentions of long-term holders and the potential impact on the token’s price.
Uniswap Gains Preference After Curve Finance Exploit
The bullish sentiment around Uniswap has been further fueled by a significant exploit that impacted another cryptocurrency token, the Curve Stablecoin Pools (CRV) token. The exploit led to a steep 20% plunge in the price of CRV, causing traders to pivot towards Uniswap’s UNI token.
Uniswap market cap at $3.7 billion. Chart: TradingView.com
Meanwhile, Uniswap’s UNI perpetual futures are now trading at a 20% premium, indicating that traders strongly believe in Uniswap’s potential to gain more market share in the aftermath of the CRV exploit. Moreover, the funding rates for UNI perpetual futures have surged to 19%, showcasing the optimistic sentiment among traders regarding the future performance of the UNI token.
The aftermath of the Curve Finance exploit has had ying impacts on different DeFi platforms. While Curve Finance’s total value locked (TVL) dropped significantly from $3.2 billion to $1.8 billion, Uniswap’s TVL remained steady at around $3.8 billion. This stability in TVL demonstrates Uniswap’s resilience and strong fundamentals even during market turbulence.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
Featured image from Bitcoin-Bude