Kraken on-chain analysis shows crypto confidence is low
Despite the recent bounce, on-chain metrics indicate a lack of bullish sentiment.

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Holding off an extra few days will ensure a smooth launch of the network, Evmos said.
After recovering fairly well at the end of last week, bitcoin fell down below $39,000. Since then, the price of bitcoin has seen a strong recovery trading above 41,000.
Pixelmon developers claimed that “a horrible mistake” was the reason why $10,000 NFTs turned into Crypto Twitter's laughing stock.
Demand for Bitcoin on the Ethereum ecosystem has waned considerably since the start of this year.
DeFi dapp Yearn has completed its first launch of its service on an Ethereum layer-2 network. Yearn chose Arbitrum for the first step into layer-2, more will follow.
The co-founder of the Ethereum blockchain publicly condemned Vladimir Putin on Twitter minutes after the Russian President ordered a “special military operation” in Ukraine.