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Pendle’s total value locked (TVL) has reached $8.31 billion, tripling since April and surpassing Sui, Aptos, and Sei combined.
The rapid growth in TVL is a sign of increasing investor confidence in the protocol and the potential for its token price to continue its upward trend.
Based on the Bitcoin heatmap over the past two weeks, the more the price moves within this range, the more positions will be created on both sides of the market.
These positions could have a big impact on the market’s next move. The key short-term areas are around $115K-$121K, with the most liquidity below $115K.
🔍 Data like this: Strong demand for Ethereum despite strategic selling
The heatmap of Ethereum buy price distribution from Glassnode shows that buyers have started strategic selling around the $2,520 range since around July 1 (marked by the light red bar). However, they still hold close to 2 million ETH.
This behavior suggests that investors are both looking to take profits and hoping for continued growth as new demand is absorbing existing supply.
🚀 Capital Flow to Altcoins: Potential to Reach $1 Trillion Market Cap
This chart shows the capital flow from Bitcoin ($BTC) and stablecoins to altcoins.
If the TOTAL3ES index continues its current trend and breaks through the previous peak, we may see a market cap of $1 trillion for the top 100 altcoins.