Oct 15-Nov 13 2022 Crypto On-Chain Digest Bleeding out
The FTX collapse in early November added fuel to the bear market’s fire and negatively impacted many actors in the industry. Still, the true extent of the collateral damage from this debacle is only beginning to surface.
The downtrending crypto market coincided with a bleak macroeconomic environment, which continued to weigh on stocks, crypto, and more, making it difficult to anticipate what lies ahead. However, on-chain data can help identify the signals amid the noise by providing evidence of trends in network usage and demand. In Kraken Intelligence’s latest on-chain digest, Bleeding Out, the team investigates what went down between October 15 and November 13.
This communication is a commercial message and its contents are intended for the recipient only and may contain confidential, non-public and/or privileged information. If you have received this communication in error, do not read, duplicate or distribute. Kraken does not make recommendations on the suitability of a particular asset class, strategy, or course of action. Any investment decision you make is solely your responsibility. Please consider your individual position and financial goals before making an independent investment decision.
