Speculative Trading on NFTs and Bitcoin on the Rise: On-Chain Indicators for Retail Participation in Cryptocurrency Markets
Speculative trading on-chain, involving inscriptions on bitcoin or transactions with NFTs on ether, is a retail participation indicator. High fee levels in bull markets suggest increased on-chain speculation, as seen in the 2021 market peak. Currently, NFT gas usage on ether is only at 2%, compared to 40% in 2021, according to Glassnode data. This … Read more
