ecoinometrics: The cryptocurrency market hasn't just corrected. It has restructured.
The total market capitalization has fallen by about 25% from its peak, nearing 2021 levels, but the market structure has changed significantly. The share of Bitcoin and stablecoins has increased, while the share of Ethereum and the broader altcoin complex continues to decline.
Capital is concentrating around a few long-term use cases rather than being distributed across the entire ecosystem.
The total market capitalization has fallen by about 25% from its peak, nearing 2021 levels, but the market structure has changed significantly. The share of Bitcoin and stablecoins has increased, while the share of Ethereum and the broader altcoin complex continues to decline.
Capital is concentrating around a few long-term use cases rather than being distributed across the entire ecosystem.
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Three main liquidation zones on the $ETH blockchain.
Trend Research owns 356,150 $ETH shares ($671 million), with liquidation prices ranging from $1,562 to $1,698.
Joseph Lubin and two unidentified large shareholders own 293,302 $ETH ($553 million), with liquidation prices ranging from $1,329 to $1,368.
7 Siblings owns 286,733 $ETH ($541 million), with liquidation prices of $1,075 and $1,029.
Trend Research owns 356,150 $ETH shares ($671 million), with liquidation prices ranging from $1,562 to $1,698.
Joseph Lubin and two unidentified large shareholders own 293,302 $ETH ($553 million), with liquidation prices ranging from $1,329 to $1,368.
7 Siblings owns 286,733 $ETH ($541 million), with liquidation prices of $1,075 and $1,029.
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Last week, bitcoin suffered approximately $2 billion in losses in a single day — the largest dollar-denominated loss in its history.
Statistically, only 9% of the worst days, during the most severe periods of bitcoin's long and eventful history, have seen larger losses recorded on the blockchain.
Events on such an extreme scale are rare and typically mark periods of maximum fear.
Statistically, only 9% of the worst days, during the most severe periods of bitcoin's long and eventful history, have seen larger losses recorded on the blockchain.
Events on such an extreme scale are rare and typically mark periods of maximum fear.
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The U.S. Commodity Futures Trading Commission (CFTC) has added executives from major crypto companies to its Innovation Advisory Committee.
The committee includes Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Solana co-founder Anatoly Yakovenko, as well as representatives from Uniswap, Kraken, Kalshi, Polymarket, Robinhood, and a16z crypto.
The committee includes Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Solana co-founder Anatoly Yakovenko, as well as representatives from Uniswap, Kraken, Kalshi, Polymarket, Robinhood, and a16z crypto.
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