😱 Ethereum is trading about 85% above its average cost basis.
Back in 2020–2021, it kept pumping but more recently (March, May, and December 2024), it’s been forming clear tops 🏔️.

ETH Futures Under Pressure 🧨
Net Taker Volume is heavily skewed: sellers are hitting the bid with $570M more than buyers.
Historically, this level of aggressive selling has appeared near local tops.

Maartunn

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Nemo Protocol, a DeFi project on the Sui ecosystem, fell victim to a serious attack, causing an estimated loss of 2.4 million USDC. All of the project's smart contracts were immediately...

Sui Nemo DeFi Project Hacked, Loss of $2.4 Million

According to Tokenomist, large single unlocks (greater than $5 million USD) in the next 7 days include APT, S, CONX, STRK, BANANA, IO, BB, MOVE, PEAQ, etc.; large linear unlocks (greater than $1 million USD per day) in the next 7 days include SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, ETHFI, JTO, NEAR, etc., with a total unlocked value of over $513 million.

Large amount of token unlocked this week

Ethereum stablecoin supply surged to $165 billion, and the price of ETH approached $5,000, but monthly revenue plummeted 44%. Adoption and […]
"Will Ethereum's 'fundamentals collapse' soon lead to a plunge? Stablecoin supply exceeds $165 billion, but network revenue drops another 44%." This article was BlockTempo published on BlockTempo, the most influential ABMedia media.