Chain Pressure
Prices rose in 3 of 3 coins, but transactions fell in 3 of 3.
This page asks whether a coin's move is also visible in everyday network use—or mainly in price and futures markets.
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Price can run ahead of the chain.
A rising coin is more convincing when addresses, transactions, transfers and fees improve too. Today only 4 of 12 network checks are rising.
| Coin | Price · 30d | Active addresses | Transactions | Transfers | Dollar fees | Net withdrawals · 7d | Annualised funding | Open contracts · 7d |
|---|---|---|---|---|---|---|---|---|
| BTC | +5.6% | +6.1% | -14.1% | -5.1% | +1.3% | $1.8B | +1.9% | -7.9% |
| ETH | +0.9% | -15.1% | -2.5% | -44.7% | +14.5% | $-131.3M | +2.9% | -5.2% |
| XRP | +0.1% | -68.9% | -8.0% | -18.4% | +2.0% | Not available | +1.8% | -11.1% |
ETH has the highest annualised funding cost if its recent rate continued. That shows where futures traders are paying the most to hold a side; it does not prove the price move is false.
Remove the winner.
BTC is the 30-day price leader. Without it, the other two average +0.5%. This shows whether the headline is broad or carried by one coin.
