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Over the past 30 days, Bitcoin distribution has accelerated, signaling a notable shift in market behavior. Holding Bitcoin ($BTC) is no longer the default strategy for many participants, as evidenced by the Long/Short-Term Holder Supply Ratio dropping to 3.78, the lowest level in this cycle. Amid this redistribution, key demand zones are emerging. While 482,000 … Read more
Bitcoin’s recent surge to an all-time high of $104,000 awakened long-term holders, who added selling pressure that briefly pulled prices back to $90,000. With dormant BTC re-entering the market, heightened volatility is expected to persist. https://twitter.com/kyledoops/status/1866082880344199247?t=Fc3q1pkNEddgcLEgOZojxg&s=19 In the options market, traders are recalibrating following Bitcoin’s climb past $100K. Options Open Interest (OI) rose to $37.3 … Read more
In a historic moment 5,808 days after Satoshi Nakamoto mined Bitcoin’s first block, the price of a single BTC has soared past $100,000. This milestone marks a remarkable journey for the world’s largest cryptocurrency, cementing its status as a leading asset in the global financial landscape. Institutions are buying #Bitcoin $BTC above $100,000 to build … Read more
Bitcoin ($BTC) soared by 37.3% in November 2024, a significant rally coinciding with the U.S. election month. Historically, December following election months has seen Bitcoin rise by 30%–46%, supporting projections that the cryptocurrency could surpass $100,000. Recent FOMO-inducing developments suggest an even more ambitious target of $115,000 by the end of the month. Institutional players … Read more
The launch of Spot ETFs for Bitcoin and Ethereum in 2024 has provided traditional investors with a seamless way to access the cryptocurrency market. This development has driven significant wealth inflows, but the impact varies between the two leading digital assets. Assets Under Management (AUM) Growth Bitcoin Spot ETFs have seen remarkable growth in Assets … Read more
Bitcoin’s on-chain activity is experiencing a significant uptick, marking the first sustained growth of this scale since 2021. Daily active addresses are nearing 1 million, highlighting renewed interest in the cryptocurrency. https://twitter.com/intotheblock/status/1861338230676721786?t=Ut54ItPXiZ7fGUf1Wsdpzw&s=19 One factor contributing to Bitcoin’s recent retracement is elevated funding rates, which signaled excessive leverage in the market. However, these rates have now … Read more
The 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced a challenging Monday, with outflows reaching $438.38 million during the day’s trading. Bitcoin ETFs Bleed $438M in a Single Day as Crypto Prices Plunge. As the crypto market faced a general downturn and bitcoin (BTC) prices dipped, the 12 ETFs kicked off the week on a … Read more
The Bitcoin network has seen an impressive surge in its Total Value Locked (TVL), surpassing $4.3 billion with 44,369 BTC currently staked. This growth follows Babylon’s groundbreaking introduction of native Bitcoin staking, which has revolutionized how users participate in Bitcoin’s ecosystem. Babylon Labs is at the forefront of this shift, with nearly 24,000 BTC staked … Read more
Bitcoin is edging closer to a $100,000 price tag, reaching a new all-time high of $99,000, with the six-figure mark now within striking distance. This surge has sparked a wave of excitement across social media, with platforms like X, Reddit, Telegram, 4Chan, and BitcoinTalk buzzing with discussions about Bitcoin potentially hitting $100K. https://twitter.com/santimentfeed/status/1859692427667439964?t=n7GwRbGl6qAv92OheHUemw&s=19 While the … Read more
Ethereum’s open interest has reached a new all-time high, surpassing $13 billion—a remarkable 40% growth over the past four months. This milestone highlights Ethereum’s increasing market activity and growing investor interest. Adding to the market intrigue is the reactivation of a long-dormant whale account. This whale, who initially acquired 398,889 ETH between January 18 and … Read more
