
Mahdi 🎩
@fotuhi
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Yesterday, Bitcoin surged back to nearly $89,000 as investor sentiment improved following the recovery of the S&P 500 index.
Previously, on March 2, Bitcoin had regained the $95,000 level but quickly dropped back to $82,000, reflecting a significant increase in market volatility.
Amid such unpredictable market movements, the number of Bitcoin accumulation addresses remains low unless external factors drive speculative demand. When this speculation fades, these addresses tend to shift toward selling.
Data from Glassnode indicates that Bitcoin is still stuck in a distribution phase. Its accumulation trend score has remained below 0.5 for 58 consecutive days, marking an extended period of distribution. In fact, Bitcoin is now approaching the average one-year distribution duration, aligning with previous market cycles. 6 replies
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DappRadar’s gaming report, published on February 13, revealed that Web3 games recorded over 7 million unique active wallets (UAW) daily last month—a staggering 386% increase from January 2024.
DappRadar analyst Sara Gherghelas highlighted this growth, stating, “This surge reflects strong momentum and underscores the industry’s resilience despite short-term volatility.”
Gherghelas noted that blockchain gaming is “entering a maturation phase,” pointing to advancements in Layer 2 solutions, the expanding token economy, and collaborations with AAA studios—such as Gunzilla Games’ Off The Grid.
She further added, “New gaming ecosystems are emerging, AI is gaining more prominence, and high-performance titles are refining gameplay mechanics, reward structures, and community engagement.” 3 replies
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