'Looksmaxxing' Trend Spawns $100M Gray Market Fueled By Bitcoin, Stablecoins: Chainalysis

BTC

BTC/USDT

$84,422.36

+0.58%

$84,422.36

+0.58%

(24s)

24h Volume

$21,101,412,327.87

24h H/L

$84,942.45 / $82,874.93

Change: $2,067.52 (2.49%)

Long/Short

57.5%

Long: 57.5%Short: 42.5%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,264.00

▼ -0.17%

Volume (24h): -

Resistance Levels

Resistance 3$94,549.91

Resistance 2$86,763.46

Resistance 1$84,366.01

Price$84,264.00

Support 1$83,209.30

Support 2$77,001.87

Support 3$75,259.66

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):64.9

Decrypt Editorial

(07:54 PM UTC)

1 min read

The crypto-powered gray-market peptide market has surpassed a $100 million annual run rate, according to Chainalysis.
Demand surged alongside the rise of the social media "looksmaxxing" trend and growing interest in weight-loss peptides.
Researchers linked some peptide suppliers to Chinese chemical manufacturers previously involved in drug precursor sales.

A fast-growing gray market for…