Bitcoin prices have jumped by over 5%, reaching a ten-week peak at $67,800, as demand for the digital asset has climbed steadily. This increased interest comes from spot exchange-traded funds (ETFs) and significant bitcoin accumulation by large investors, commonly known as “whales,” according to research from Cryptoquant. Cryptoquant: Bitcoin Prices Surge as Demand from Spot […]
]]>
A Bitcoin breakout could happen within the next “handful” of days, according to a pseudonymous crypto market analyst.
]]>
The latest onchain report from the analytics firm Glassnode highlights a resurgence in the holding (referred to as ‘HODLing’ in the report) behavior among bitcoin market participants, particularly long-term holders, despite the ongoing market volatility. Onchain data reveals that, following months of significant distribution pressure, the trend is now shifting back toward accumulation. Report Shows […]
]]>
Despite bitcoin dipping more than 14% over the past week, insights from cryptoquant.com and the company’s founder and CEO, Ki Young Ju, reveal an intriguing trend: a large volume of bitcoin has been transferred to long-term holder addresses over the last 30 days. These recent statistics suggest that some investors are seizing the current price […]
]]>
Santiment found that wallets holding between 10 and 1,000 BTC “rapidly accumulated” as Bitcoin fell under $50,000 amid “Crypto Black Monday.”
]]>
On-chain activity suggests that Bitcoin whales have been accumulating over the past month amid a market slump.
]]>
Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price […]
]]>
Following a 23% correction, Bitcoin may have just entered a post-halving reaccumulation zone, according to one analyst.
]]>As Bitcoin prices continued to slide, the options market presented a peculiar scenario with a notable absence of put options being traded. According to data from Greekslive, the majority of trades yesterday were calls, indicating a bullish sentiment prevailing in the market. The situation was particularly striking in the Ethereum options market, where call option trades constituted a staggering 90% of the total trades—a level of extreme share rarely witnessed. Bitcoin continues to fall, driving the crypto market down significantly, with panic spreading across the market and futures premium levels falling.However, in the options market, few puts were traded, and
The post Options Market Sees Unusual Activity Amidst Bitcoin’s Decline appeared first on The Merkle News.
]]>Over the past 24 hours, the decentralized finance (DeFi) sector witnessed a significant surge in collateral liquidations, totaling more than $5.4 million, with a substantial portion linked to Ethereum (ETH) assets amounting to $4.27 million. According to parsec, more than $5.4 million in collateral was liquidated on the DeFi in the past 24h, including $4.27 million in ETH. If ETH falls to $3,008, $24 million in collateral will be liquidated. On-chain derivatives exchanges GMX, Kwenta, and Polynomial triggered… — Wu Blockchain (@WuBlockchain) March 19, 2024 Concerns loom as projections indicate that if ETH prices drop to $3,008, an additional $24
The post DeFi Collateral Liquidations Soar As ETH Prices Dip appeared first on The Merkle News.
]]>