Research: Ethereum staking deposits decline with over 70% stakers in loss
Market Analysts have tied the cause of the decline to the speculations of an Ethereum fork and fears about the Merge.
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The digital asset market saw small outflows of up to $9 million, totaling $1 billion. The current market size is 55% smaller than the year average.
U.S. inflation rates have yet to fall but Ethereum will drop its inflation massively in September, while Bitcoin's inflation is baked into the code — how do these compare to a 2% FED inflation target?
On-chain analysis suggests the price of Bitcoin may fall lower than the $17,700 local bottom reached in June.
Overvalued property, overbought equities, and negative real yield bonds are all heading into a stagflationary period that could last up to several years — and push many investors into Bitcoin.
In the last five years, Bitcoin's value has grown over 400% versus the value of gold, which only appreciated 35% during the same period.
Numbers show that the sell-off trend emerged amongst miners is slowing down, as mining difficulty increases again since the beginning of August.