Bitcoin’s long-term holders have resumed accumulation in what is a notable shift in investor sentiment despite the turbulence that has gripped the market in recent weeks. Particularly, data from on-chain analytics platform Glassnode shows that the “BTC: Long-term holder net position change” metric has flipped positive for the first time this year. This suggests that…
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Ethereum Cost Basis Data Signals Strong Support At $1,886 – Details
The Ethereum (ETH) market has experienced some recent good fortunes rising by over 5% in the past 24 hours. Despite this price gain, the prominent altcoin remains in a downtrend as indicated by its 11.17% loss in the past week. However, prominent analytics platform Glassnode has discovered an important price level that could offer some short-term…
Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals
The on-chain analytics firm Glassnode has revealed in a report how the Bitcoin investors have seen a shift toward strong distirbution recently. Bitcoin Accumulation Trend Score Has Been At A Low Level Recently In its latest weekly report, Accumulation Trend Score” is an indicator that tells us about the degree of accumulation that the BTC…
Bitcoin Enters Re-Accumulation Range After Crash Below $90,000, What To Expect
Bitcoin’s recent price crash took the entire market by surprise, leaving bullish investors reeling in losses. Particularly, this crash saw Bitcoin losing its foothold at the $90,000 price level and extended a crash across multiple cryptocurrencies. Technical analyst Rekt Capital identified this pullback as a downside deviation within a re-accumulation range, hinting at potential market…
Ethereum Leverage Elevated Despite Long Squeeze, Glassnode Says
The on-chain analytics firm Glassnode has revealed how the Ethereum futures market is still overheated despite the long squeeze that just occurred. Ethereum Open Interest Still Notably Above The Yearly Average In a new volatility inside this window. Sharp price action usually means chaos for the derivatives side of the sector and indeed, a large…
New Ethereum Addresses Hit 200K: What’s Behind The Massive Spike?
Ethereum adoption is soaring, with the network just passing a critical milestone that has analysts forecasting a price recovery. On January 24th and 25th, Ethereum experienced a rise in daily active addresses, exceeding 200,000—a number not seen since October 2022. This huge increase reflects the network’s increased engagement and importance in decentralized finance (DeFi) and…
Is The Bitcoin Bull Market Still On? STH Cost Basis Suggests So
The Bitcoin price has been somewhat quiet since hitting its all-time high of $108,135, struggling to hold a six-figure valuation for long. Case in point — the premier cryptocurrency barely lasted a day above $100,000 before crashing to under $92,000 in the past week. This sluggish price action has triggered discussions about the likelihood of…