General On-Chain/Off-Chain SentimentAdvertising
BTC/ETH Net Exchange Flows
NFT vs Bitcoin Correlation
Analysis of NFTs by Genre
State of DeFi
DeFi Layer 1s
Lending Protocols Suffering From Token Illiquidity
Rise of CeDeFi
Over the course of the month, the crypto market has managed to recoup some early losses and ended the month of October with a positive 8% in returns. In addition, this month has seen some major cryptocurrencies, such as Bitcoin and Ether breaking through key resistance levels. For more information on how major cryptocurrencies are fairing on a daily basis, check out Bybit Crypto Insights’ Daily Bits here.
Meanwhile, this month has also earned the label “Hacktober” with a number of hacks and exploits flooding the DeFi scene. DeFi lending protocols have lost millions of dollars from the oracle manipulation of illiquid tokens.
With such an eventful October, this report aims to provide a comprehensive gauge of both on-chain and off-chain sentiments, as well as the current state of NFTs. In addition, this month’s focus topic will be on key events and updates in the DeFi space as well as what we can learn from them amidst the current prolonged bear market.
Source: Bybit Blog
Crypto Investing Risk Warning
Crypto assets are highly volatile. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.