Chainlink Sees Historic On-Chain Surge While Exchange Supply Keeps Shrinking ...
Chainlink has lost the $10 mark as the market faces a retrace that could extend further. Leaving holders navigate a price structure that offers little immediate comfort. The decline is real — but a CryptoOnchain report has identified a development in the network data from earlier this month that reframes what the current price weakness is actually occurring against. Related Reading: HYPE Accumulation Intensifies As Whale-Linked Position Surpasses $100M Between May 9 and 10, Chainlink’s active address count spiked to over 280,000. A figure that requires context to feel as alarming as....
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On-chain data shows the Chainlink exchange supply has observed a plummet, something that could turn out to be bullish for the asset’s price. Chainlink Supply On Exchanges Has Registered A Drawdown Recently According to data from the on-chain analytics firm Santiment, the LINK supply on exchanges could be forming a bullish divergence right now. The […]
Chainlink has been struggling. The altcoin market is brutal. And quietly, the largest players in the market appear to have started paying attention to LINK in a way they are not paying attention to everything else. Related Reading: Bitmine Just Locked $340M More In Ethereum – Supply Keeps Shrinking Analyst Darkfost has identified a pattern […]
Bitcoin is struggling below $80,000 as the market faces uncertainty that extends well beyond the usual price action concerns. The breakdown from key levels has been accompanied by a broader reassessment of the macro environment — and XWIN Research Japan has identified a structural shift at the highest level of global monetary policy that may define the conditions Bitcoin operates in for the foreseeable future. Related Reading: Chainlink Sees Historic On-Chain Surge While Exchange Supply Keeps Shrinking – Details The Federal Reserve is entering a new era. Kevin Warsh has officially taken....
This year has been marked by numerous lows for bitcoin. The digital asset has seen yearly lows in the exchange reserves, transaction fees, and now, the short-term supply of bitcoin is down. The short-term supply has been shrinking for the past year. With declining volumes showing trends that have not been seen in the past five years. Given the low volume of bitcoin transactions, which has led to low transaction fees, only few bitcoins are moving around the network. One And Three-Month Lows Show Shrinkage Bitcoin is no longer being spent as it was in the past. One of the leading ideas....
On-chain data shows the Bitcoin exchange supply has registered an increase of 3.1% during the past two weeks. Here’s what this could mean. Bitcoin Supply On Exchanges Has Been Going Up Recently According to data from the on-chain analytics firm Santiment, exchanges have recently received significant BTC deposits. The “supply on exchanges” refers to the […]