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Crypto Daily Report – May 13

May 13, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FundstratMay 13, 2022Yesterday, bitcoin fell to $25,400 at its low but has since rallied 20% to $30,600. Bitcoin's realized price, which is the average value of coins when they were last moved, stands at about $24,000. Historically, realized price has represented great buying opportunities during times of capitulation. ETH has shown similar price action. After falling to $1,700 yesterday, ETH has rallied 25% to just over $2,100. Smart contract platforms have also followed suit and are up anywhere between 20-40%. While the sell-off has been mainly spot-driven, funding ratings on BTC perpetual futures contracts have moved negative, indicating traders are betting on further downside risk. One last BTC metric, entity-adjusted SOPR (the P&L of coins purchased vs. their previous move), has fallen to 0.84 - the lowest level since March 18, 2020, during the COVID-induced risk-off period.The Terra blockchain has been paused following a 6.4 trillion coin increase in the supply of Luna. The supply increase is the mechanism by which the a

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