HashKey Digest: Data Commentary from Delphi on Wednesday’s Plunge


Data Commentary from Delphi on Wednesday’s Plunge

Some data to note:

Over 2 billion of BTC liquidated and over 10 billion of various crypto positions liquidated

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Deribit’s futures traded at -75% as huge selling pressure weighed on

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Gas Fee on Ethereum increased to 1,700 gwei, DeFi’s Gas war went on as Liquidators and arbitrageurs started vying for various opportunities.

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Inflows into BTC exchange peaked since March 2020, which is not necessarily a bottoming feature, but a sign of shocks and a surrender of the weak hand.

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Source: https://www.delphidigital.io/reports/delphi-daily-black-wednesday/

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