Open interest on Bitcoin derivatives remains high while the number of BTC coins "in profit" has dipped lower. What does that mean for price?

>"One in five Bitcoin open interest contracts now sits on U.S.-based CME derivatives exchange, but [Crypto.com](http://Crypto.com) , FTX and Coinbase are coming."

But smaller whales are multiplying rapidly. [https://decrypt.co/83676/bitcoins-biggest-whales-are-in-decline?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap](https://decrypt.co/83676/bitcoins-biggest-whales-are-in-decline?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap)

"But smaller whales are multiplying rapidly."

These past few months have shown how resilient the crypto markets have become and this is a very good indicator of trust and growing adoption.

>"Bitcoin is slowly recovering from its recent market slouch and China’s crackdown on mining, according to Glassnode."

These are simple yet efficient indicators of what is actually happening on blockchains. As all data they need to be interpreted but on-chain metrics are the best way to get a feel for whats is going on.

Ethereum Whales Decline as ETH on Exchanges Hits 19 Month Low

Bitcoin Miners Earn Record $64 Million in One Day >"Bitcoin miners are raking in revenues _...Read More_

The continued concentration of supply suggests that, even with the available supply increasing, LINK's top holders are still bullish on the token, and are continuing to acquire more.

>"Short-term Ether speculation also appears to have increased in recent months, with weekly on-chain transfers jumping to 5% during September"