ChainLink (LINK) Retakes $12 Amidst a Bullish Bitcoin

Summary: ChainLink is once again attempting to retake the $12 price area and turn it into support LINK’s bullishness comes after Bitcoin retakes $13k and prints a 2020 peak at $13,498 Binance has added ChainLink as collateral on its Loans platform ChainLink (LINK) is once again exhibiting bullish momentum after Bitcoin pushed hard above $13k to post a 2020 peak at $13,498 – Binance rate. ChainLink regaining its bullish momentum after Bitcoin’s pump is the result of a more than two-year relationship between LINK and BTC. This relationship has been…

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Ethereum Miners Have Been Dumping ETH

Summary: Ethereum miners have been selling their ETH Ethereum’s Twitter sentiment is in bearish territory ETH/BTC pair shows a weakening Ethereum The daily ETH/USDT hints of a drop by Etheruem Ethereum miners have been selling their ETH in the month of October. This is according to on-chain data courtesy of the team at Santiment feed. The data also provides information that Ethereum that has been dormant in wallets, has been on the move in the past three months. Additionally, Ethereum’s Twitter sentiment is in bearish territory after ETH dropped below…

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Harvest Finance DeFi Team Admits They Made an Engineering Error

Quick take: An experienced ‘defi farmer’ used flash loans to drain Harvest Finance of $24 Million in just 7 minutes The team behind Harvest Finance have admitted they made an engineering error when designing the protocol They’ve issued a $100k bounty to any person or team that helps in returning the funds Harvest Finance has requested major exchanges such as Binance, to blacklist several Bitcoin addresses Early yesterday, the DeFi industry was rocked by news of a hacker who managed to exploit the Harvest Finance protocol using flash loans. According…

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Onchain Data Shows Rising Bitcoin Whale Index Surpassing 4-Year High

Onchain analytics from the research and analysis firm Glassnode shows that the number of bitcoin whales (addresses with at least 1,000 bitcoins) has surpassed 1,900 clusters. The number of network participants in terms of 1,000 coin whales hasn’t been this high since 2016. Seven-day trailing statistics for the number of whales (addresses with balance ≥ $1k) has increased 2% according to statistics from Glassnode. This means the number of large BTC holders (1,940 clusters ≥ $1k) has increased a great deal since the recent Paypal crypto support announcement. Addresses with…

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Top 100 ChainLink (LINK) Whales Have Grown their Bags by 5% in 1 Yr

Summary: According to data from Santiment, the top 100 non-exchange addresses have grown their bags by 5% in the last year ChainLink whales held 735.64 million LINK a year ago This number is now 771.15 million LINK indicating increased confidence in the digit asset LINK has regained the $10 psychological support level as a result of a crypto-wide rally ChainLink whales have grown their holdings of LINK by approximately 5% in the last year. This is according to data from the team at Sentiment which illustrates that one year ago,…

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YFI, COMP, SUSHI and most DeFi tokens Experience Pullbacks of Over 60%

Quick take: Popular DeFi tokens such as YFI, COMP, SUSHI and CRV are down by over 60% since their all-time high values DeFi tokens continue to correct due to the current crypto market environment The overall market cap of DeFi related digital assets has dropped by 25% in the last 24 hours Trading volume in the same time period has dropped by 30% DeFi digital assets are in the midst of a massive correction from their all-time high values experienced in Q3, 2020. A quick look at Coinmarketcap reveals that…

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ChainLink (LINK) Losing its $8.80 Support Opens the Doors to $7

Quick take: Earlier today, ChainLink dipped below the crucial $8.80 support zone $8.80 was LINK’s last organic all-time high before LINK marines heeded the call to liquidate Zeus Capital LINK is also trading below the 50-day and 100-day moving averages The 200-day moving average might provide some relief around the $7 price area The digital asset of ChainLink (LINK) continues on its massive correction from its mid-August all-time high value of $20. Earlier today, LINK’s value dropped below the crucial $8.80 support level to post a local low of $8.38.…

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Crypto Analyst: ChainLink (LINK) Could Hit $7 in 2 – 3 Weeks

In summary: Crypto analyst Timothy Peterson, sees LINK hitting $7 in two to three weeks His analysis is based on ChainLink’s adoption curve Additionally, he was one of the first to identify LINK’s rally in Q3 as a potential bubble Mr. Peterson has often highlighted that LINK’s value is correlated to ChainLink’s function calls and the latter has dropped since September Crypto Analyst Timothy Peterson of Cane Island Alternative Advisors has estimated that ChainLink (LINK) will be valued at $7 in the next two to three weeks. Mr. Peterson used…

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ETH and BTC Locked in DeFi has Increased by 194% and 10,000% in 2020

Quick take: The amount of ETH and BTC locked in DeFi currently stands at $4.78 Billion This amount represents 43% of the total value locked in DeFi The number of ETH locked in DeFi has increased by 194% in 2020 The number of BTC locked in DeFi has increased by 10,000% The hype surrounding DeFi might have cooled off in the fourth quarter of 2020 but the amount of Ethereum and Bitcoin locked in several DeFi protocols seems to suggest otherwise. According to data from CyrptoRank Platform, the value of…

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ChainLink Whales Now Hold 648.6M LINK in Non-Exchange Wallets

Summary: The amount of LINK held by ChainLink’s top 10 whales has hit a 2020 high of 648.6 Million tokens ChainLink whales accumulating and holding is a sign of confidence in LINK’s long-term value ChainLink’s price is currently consolidating at the $12 price zone and could signal a second drive up In the last three days, the value of ChainLink (LINK) has risen from a local low of $9.72 on the 21st of October to a local peak of $12.42 earlier today. This is an impressive rise of 27.7% in…

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