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Showing posts with the label driven

Increased engagement on Avalanche is driven by the Friend.tech clone Stars Arena.

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In the realm of crafting content, three pivotal elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the yardstick for text intricacy, while burstiness gauges the spectrum of sentence diversity. Predictability, on the other hand, quantifies the likelihood of accurately predicting the forthcoming sentence. In the grand tapestry of writing, human authors often infuse their work with pronounced burstiness, adorning it with a mosaic of lengthy, intricate sentences interwoven with succinct ones. In stark contrast, AI-generated prose tends to follow a more uniform pattern. Hence, as I guide you through the composition of the forthcoming text, the aim is to imbue it with a healthy dose of perplexity and burstiness while minimizing predictability. Furthermore, we shall adhere strictly to the English language. Now, let us embark on the reimagining of the following content: In a whirlwind of network activity prope...

Bitcoin’s break above $28,000 was driven by derivatives

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Bitcoin (BTC) recently broke above the $28,000 mark after 12 days. CryptoQuant attributes this upsurge to the derivatives market rather than the traditional spot exchanges.  The CryptoQuant report highlighted some key factors that likely propelled this price rally. The report further calls for caution amid the growing FOMO (fear of missing out) creeping into the market. The recent $BTC rally was driven by Derivatives Exchanges, not Spot Exchanges "There is a tendency for prices to change significantly even with small trading volumes because the overall liquidity in the cryptocurrency market has decreased." by @mac_d46035 Link… pic.twitter.com/7dNkioAP0B — CryptoQuant.com (@cryptoquant_com) August 30, 2023 Interestingly, a comparison of the trading volumes of spot and derivatives exchanges indicates a decrease in the role of spot exchanges in driving the price up. This suggests that the surge in BTC price yesterday was not primarily driven by spot exchanges, per t...