Bitcoin LTH Supply Rises Again Amid Bearish Market Dynamics
The Bitcoin market experienced a shockingly dramatic weekend, as opposed to the typical silent price action displayed in previous weekends. On Saturday, January 31st, the world’s leading cryptocurrency seemingly led other crypto assets south of the charts, with its price falling from $84,350 to as low as $75,000 in a single swoop. As this unfolded, an inversely correlated shift also played out underneath the charts. A recent on-chain evaluation has pointed out that Bitcoin’s Long-term Holder behavior is changing, contrary to what its short-term holders are doing. Long-Term....
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Except for Ethereum’s fluctuating price action in the past few weeks following a broader market volatility, another key area is drawing notable attention in the sector. ETH’s price has been exhibiting bearish performance, and at the same time, its supply dynamics have been demonstrating a negative trend. Net Negative Ethereum Supply Persists Even with the […]
XRP briefly surged on Monday as the day drew to a close, but the leading altcoin is still heavily feeling the ongoing bearish pressure across the broader cryptocurrency market. During this highly volatile period, the level of supply sitting in a loss is growing rapidly, indicating a change in market dynamics. XRP Share Of Supply […]
Ethereum’s price was rocked by the market drawdown on Monday, causing it to lose the $1,900 support level once again, which has triggered speculations about its near-term market outlook. Following the pullback, investors’ sentiment is shifting towards a more cautious state, keeping its market dynamics firmly bearish. Bearish Momentum Persists in The Ethereum Market Just […]
The XRP price has shifted deeply into a bearish state following the weekend sideways performance, and its market dynamics are starting to experience a similar change. Amid persistent downside action, significant liquidity is evident around key levels and across the market. Rising Liquidity Levels Put XRP In Focus With the highly bearish and uncertain market […]
Ethereum’s network dynamics are shifting in a way that could reshape its market structure. On-chain data shows that roughly 30% of all Ethereum (ETH) supply is now locked in staking contracts, marking a record high for the protocol’s proof-of-stake ecosystem. Related Reading: Bitcoin Is ‘No Longer Digital Gold,’ Deutsche Bank Strategist Says Even as ETH […]