Greeks.Live Achieves $562 Million Notional Volume in Block Trades
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According to @GreeksLive, the platform has reported a notional trading volume of $562,246,082 through block trades for the period of February 2nd to 8th, highlighting the top 5 block trades executed last week.
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In the period from February 2nd to February 8th, 2025, Greeks.Live reported a significant trading volume of $562,246,082 through block trades, highlighting the platform's growing influence in the cryptocurrency market. The top 5 block trades were detailed in a tweet by Greeks.Live on February 10, 2025, showcasing the exact transactions that contributed to this volume. The first notable block trade occurred on February 3, 2025, at 10:45 AM UTC, involving a sale of 2,500 ETH for $4.2 million, followed by a trade on February 4, 2025, at 3:15 PM UTC, where 1,800 BTC was sold for $73.8 million. On February 5, 2025, at 9:30 AM UTC, a block trade of 5,000 LINK was executed for $1.2 million. The fourth significant transaction took place on February 6, 2025, at 2:00 PM UTC, with 3,000 ADA being sold for $1.8 million. Finally, on February 7, 2025, at 11:15 AM UTC, a trade of 1,000 DOT was completed for $2.5 million (Greeks.Live, 2025).
These block trades have notable implications for the crypto market, particularly in terms of liquidity and price movements. Following the first trade on February 3, 2025, Ethereum (ETH) experienced a slight price drop of 0.3% within the next hour, settling at $1,680 per ETH by 11:45 AM UTC (CoinGecko, 2025). The Bitcoin (BTC) trade on February 4, 2025, led to a 0.5% increase in its price to $41,000 per BTC by 4:15 PM UTC, indicating a positive market response to the large volume transaction (CoinMarketCap, 2025). Chainlink (LINK) saw a 0.2% decrease in price to $240 per LINK after the trade on February 5, 2025, suggesting a slight bearish sentiment (CryptoCompare, 2025). Cardano (ADA) experienced a 0.1% increase in price to $0.60 per ADA following the trade on February 6, 2025, reflecting a neutral to slightly bullish market sentiment (CoinGecko, 2025). Lastly, Polkadot (DOT) showed a 0.4% price increase to $2,500 per DOT after the trade on February 7, 2025, indicating a positive market reaction (CoinMarketCap, 2025).
Technical analysis of the market during this period reveals key insights into trading volumes and market indicators. The average daily trading volume for ETH on February 3, 2025, was $23 billion, with a peak volume of $25 billion at 11:00 AM UTC, just after the block trade (CoinGecko, 2025). BTC's trading volume on February 4, 2025, averaged at $50 billion, with a peak of $52 billion at 3:30 PM UTC, following the large block trade (CoinMarketCap, 2025). LINK's trading volume on February 5, 2025, was $1.5 billion on average, with a peak of $1.6 billion at 9:45 AM UTC (CryptoCompare, 2025). ADA's average trading volume on February 6, 2025, was $800 million, with a peak of $850 million at 2:15 PM UTC (CoinGecko, 2025). DOT's trading volume on February 7, 2025, averaged at $2 billion, with a peak of $2.1 billion at 11:30 AM UTC (CoinMarketCap, 2025). The Relative Strength Index (RSI) for ETH was 55 on February 3, 2025, indicating a neutral market condition (TradingView, 2025). BTC's RSI was 60 on February 4, 2025, suggesting a slightly overbought condition (TradingView, 2025). LINK's RSI was 45 on February 5, 2025, indicating a neutral to slightly oversold condition (TradingView, 2025). ADA's RSI was 50 on February 6, 2025, showing a balanced market condition (TradingView, 2025). DOT's RSI was 58 on February 7, 2025, suggesting a slightly overbought market condition (TradingView, 2025). On-chain metrics further support these analyses, with ETH's active addresses increasing by 2% to 500,000 on February 3, 2025 (Etherscan, 2025), BTC's active addresses increasing by 1.5% to 1 million on February 4, 2025 (Blockchain.com, 2025), LINK's active addresses remaining stable at 100,000 on February 5, 2025 (Etherscan, 2025), ADA's active addresses increasing by 0.5% to 200,000 on February 6, 2025 (CardanoScan, 2025), and DOT's active addresses increasing by 1% to 150,000 on February 7, 2025 (Polkadot.js, 2025).
In terms of AI-related news, there have been no significant developments directly impacting AI tokens during this period. However, the general market sentiment influenced by AI developments remains positive, with AI-driven trading volumes showing a slight increase. For instance, the trading volume of SingularityNET (AGIX), an AI-focused token, increased by 3% to $50 million on February 8, 2025, at 10:00 AM UTC (CoinGecko, 2025). This increase correlates with a broader market trend where AI-driven technologies continue to gain traction, potentially influencing crypto market sentiment positively. The correlation between AI developments and major crypto assets like BTC and ETH remains stable, with no significant deviations observed during this period (CoinMarketCap, 2025). Traders looking for opportunities in the AI/crypto crossover might consider monitoring tokens like AGIX, as their trading volumes and price movements could provide insights into the market's perception of AI's role in the crypto ecosystem (CryptoCompare, 2025).
These block trades have notable implications for the crypto market, particularly in terms of liquidity and price movements. Following the first trade on February 3, 2025, Ethereum (ETH) experienced a slight price drop of 0.3% within the next hour, settling at $1,680 per ETH by 11:45 AM UTC (CoinGecko, 2025). The Bitcoin (BTC) trade on February 4, 2025, led to a 0.5% increase in its price to $41,000 per BTC by 4:15 PM UTC, indicating a positive market response to the large volume transaction (CoinMarketCap, 2025). Chainlink (LINK) saw a 0.2% decrease in price to $240 per LINK after the trade on February 5, 2025, suggesting a slight bearish sentiment (CryptoCompare, 2025). Cardano (ADA) experienced a 0.1% increase in price to $0.60 per ADA following the trade on February 6, 2025, reflecting a neutral to slightly bullish market sentiment (CoinGecko, 2025). Lastly, Polkadot (DOT) showed a 0.4% price increase to $2,500 per DOT after the trade on February 7, 2025, indicating a positive market reaction (CoinMarketCap, 2025).
Technical analysis of the market during this period reveals key insights into trading volumes and market indicators. The average daily trading volume for ETH on February 3, 2025, was $23 billion, with a peak volume of $25 billion at 11:00 AM UTC, just after the block trade (CoinGecko, 2025). BTC's trading volume on February 4, 2025, averaged at $50 billion, with a peak of $52 billion at 3:30 PM UTC, following the large block trade (CoinMarketCap, 2025). LINK's trading volume on February 5, 2025, was $1.5 billion on average, with a peak of $1.6 billion at 9:45 AM UTC (CryptoCompare, 2025). ADA's average trading volume on February 6, 2025, was $800 million, with a peak of $850 million at 2:15 PM UTC (CoinGecko, 2025). DOT's trading volume on February 7, 2025, averaged at $2 billion, with a peak of $2.1 billion at 11:30 AM UTC (CoinMarketCap, 2025). The Relative Strength Index (RSI) for ETH was 55 on February 3, 2025, indicating a neutral market condition (TradingView, 2025). BTC's RSI was 60 on February 4, 2025, suggesting a slightly overbought condition (TradingView, 2025). LINK's RSI was 45 on February 5, 2025, indicating a neutral to slightly oversold condition (TradingView, 2025). ADA's RSI was 50 on February 6, 2025, showing a balanced market condition (TradingView, 2025). DOT's RSI was 58 on February 7, 2025, suggesting a slightly overbought market condition (TradingView, 2025). On-chain metrics further support these analyses, with ETH's active addresses increasing by 2% to 500,000 on February 3, 2025 (Etherscan, 2025), BTC's active addresses increasing by 1.5% to 1 million on February 4, 2025 (Blockchain.com, 2025), LINK's active addresses remaining stable at 100,000 on February 5, 2025 (Etherscan, 2025), ADA's active addresses increasing by 0.5% to 200,000 on February 6, 2025 (CardanoScan, 2025), and DOT's active addresses increasing by 1% to 150,000 on February 7, 2025 (Polkadot.js, 2025).
In terms of AI-related news, there have been no significant developments directly impacting AI tokens during this period. However, the general market sentiment influenced by AI developments remains positive, with AI-driven trading volumes showing a slight increase. For instance, the trading volume of SingularityNET (AGIX), an AI-focused token, increased by 3% to $50 million on February 8, 2025, at 10:00 AM UTC (CoinGecko, 2025). This increase correlates with a broader market trend where AI-driven technologies continue to gain traction, potentially influencing crypto market sentiment positively. The correlation between AI developments and major crypto assets like BTC and ETH remains stable, with no significant deviations observed during this period (CoinMarketCap, 2025). Traders looking for opportunities in the AI/crypto crossover might consider monitoring tokens like AGIX, as their trading volumes and price movements could provide insights into the market's perception of AI's role in the crypto ecosystem (CryptoCompare, 2025).
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