institutions
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The Decrease in Number of Addresses Holding 100 Bitcoins
According to reports, Glassnode data shows that the number of addresses holding at least 100 Bitcoins is 15785, a four month low.
The number of addresses holding at least 100 BTCs -
Institutions transferring SNXs to Coin An: Implications for Synthetix
According to reports, Lookonchain monitoring data shows that institutions that purchased approximately 5.437 million SNXs from Synthetix Treasury for $1500 from March 14 to March 16 transferred 2.66 million SNXs (approximately $7.5 million) to Coin An five hours ago. Data: An institution transferred 2.66 million SNXs to Coin An today, approximately $7.5 million Analysis based on this information:The cryptocurrency market is constantly evolving and changing, with new activities and transactions happening every day. Recently, Lookonchain monitoring data has reported a significant transfer of SNXs, the proprietary token of blockchain-based synthetic asset platform Synthetix, from institutions to Coin An. The institutions reportedly purchased approximately 5.437 million SNXs from Synthetix Treasury for $1500 between March 14 and March 16, and then transferred 2.66 million SNXs (approximately $7.5 million) to Coin An five hours ago. This transfer and purchase indicate a strong institutional interest in Synthetix as well as the wider cryptocurrency market. It is an early indicator of the demand for Synthetix’s…
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Bank of Silicon Valley Suffers from Withdrawals as Institutions Panic
It is reported that the Bank of Silicon Valley (SIVB. O) fell more than 50% before the market, after several institutions proposed to withdraw funds.
S…