Bitcoin Faces Critical Price Levels as Speculative Momentum Declines

The $88,000 Short-Term Holder (STH) cost-basis remains a crucial level for assessing Bitcoin’s price direction. According to the Unspent Realized Price Distribution (URPD) metric, there’s a noticeable lack of volume below this level. If Bitcoin falls below the $88,000 cost-basis, it could signal a decisive move to the downside, triggering further price weakness. Futures Market … Read more

DEX Futures Hit New Highs: Hyperliquid Leads the Charge

In December, decentralized futures trading reached an all-time high, capturing 10.17% of centralized exchange (CEX) volumes. With platforms like Hyperliquid, Jupiter, and Drift driving innovation, the total DEX trading volume surged by 26.5% to $285 billion. This growth underscores the increasing appeal of decentralized platforms in the trading ecosystem. DEX futures trading hit a new … Read more

Crypto Trading Volume Plummets In Year-End Holiday Slowdown, But Bitcoin Shows Resilience

As 2024 winds down, the cryptocurrency market is experiencing a significant drop in activity. Trading volume across crypto sectors has fallen 64% over the past week compared to the previous one, which saw Bitcoin reach its all-time high. This decline, particularly among speculative altcoins, aligns with a common year-end pattern as traders shift focus to … Read more

Trader Accumulates $22M In $EIGEN Despite Price Drop; Community Concerns Emerge Over Executive Departure

In a notable move, the savvy trader known as boby1337.eth has amassed an impressive 8.16 million $EIGEN tokens, valued at approximately $22 million, over the past three days. Smart trader boby1337.eth accumulated 8.16M $EIGEN ($22M) over the past three days, despite a 15% drop in EIGEN’s price. He acquired these tokens through 4 transactions from … Read more

Manta Pacific Sees 40% Surge In Daily Active Addresses, Ranks Third Among Layer 2 Networks

Manta Pacific has experienced significant growth in activity, with nearly 140,000 daily active addresses on the chain, marking a 40% increase from the previous week. According to Grow the Pie data, Manta continues to hold its spot as the third-ranked Layer 2 network, trailing only Base and Arbitrum. Additionally, the chain has logged 334,000 daily … Read more

BlockTower Capital And Crypto Whales Make Major Moves With EIGEN, Amid Losses

BlockTower Capital has recently made another significant withdrawal, pulling 372,578 EIGEN tokens (worth $1.18 million) from FalconX. Over the past seven days, the venture capital firm has accumulated a total of 1.026 million EIGEN tokens ($3.57 million) from Wintermute Trading and FalconX, with an average purchase price of $3.482. However, the firm currently faces an … Read more

Bitcoin’s Potential ATH Signals Bull Run, But Altcoin Season Remains Elusive

As Bitcoin gears up to possibly achieve a new all-time high (ATH) by the end of the year, the anticipated bull run seems to be on the horizon. However, altcoin season has yet to kick off. In light of the current surge in interest surrounding artificial intelligence (AI) tokens, we’ve analyzed key on-chain data and … Read more