Where Bitcoin and DeFi stand against TradFi markets – Is crypto finally reaching an inflection point?

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🐙 Visit Kraken.com to learn more 🐙 Metaversal is a Bankless newsletter for weekly level-ups on NFTs and the onchain frontier Subscribe now Dear Bankless Nation, When it comes to market performance, many Ethereum NFT collections have been having a rough go of it lately. Why the bleedout, especially when the wider cryptoeconomy has been…

The crypto derivatives market saw $333.56 million in liquidations in the past 24 hours, with shorts bearing the brunt of the losses, with $212.59 million wiped versus $120.97 million in longs. That 1.76 short-to-long ratio followed Bitcoin’s 2% gain in a day, as it touched $122,000 after struggling to break through significant resistance at $118,000…