Matrixport: Asian Funds Driving Ethereum's Surge, DeFi Recovery to Sustain Momentum
BlockBeats News, July 21st. Matrixport released today's market analysis, indicating that Asia continues to lead in the performance of altcoins, especially Ethereum (ETH) and XRP. Ethereum has shown resilience driven by several key catalysts. Despite the current relatively low Gas fees, the funding rate has climbed to double digits — although this value remains moderate compared to the futures' open interest and the inflow of funds into Ethereum ETFs.
Last week, Matrixport analyzed Ethereum's performance during different global trading hours, with Asia's influence becoming more significant — directly driving a strong weekend ETH rally. However, this story is not limited to speculative fund flows and institutional fund allocations. The significant resurgence of Decentralized Finance (DeFi) activity is also providing support for Ethereum's upward trend.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
BNP Paribas: Fed to Continue Cutting Interest Rates Next Year, Room for Further Decline in US Bond Yields
The Government of the Kingdom of Bhutan transferred 175.44 ETH, approximately $49,700 USD.
GIGGLE has retraced yesterday's gains, pulling back around 27% from its peak.
A trader closed a $18.8 million USD ETH short position at a profit of $909,000 USD
A whale bought 65.65 WBTC the day before liquidation and suffered a loss of $316,000.
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]