Research: Asia, EU, US are bullish on Bitcoin, Ethereum
The regional price metrics for Bitcoin and Ethereum show that all three regions are bullish on both assets, while they favor Bitcoin more.
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The Defi, ERC20, and stablecoins categories occupy the second, third, and fourth largest share with 8%, 8%, and 6%, respectively.
Assessing the health of the crypto market requires looking at more than just Bitcoin's price.
Despite current risk-off sentiment, investors signal confidence holding BTC and ETH on exchanges over stablecoins.
The purchase of roughly $200 million in Bitcoin on spot trading markets was enough to force massive short liquidations due to dwindling volume.
On-chain Bitcoin metrics continue to suggest a market bottom, but it remains to be seen if the current cycle plays out the same as past cycles.
Retail buyers continue to pile into Bitcoin at a greater proportion compared to institutions, professional traders.