Why Institutional Accumulation Can Enhance Bitcoin’s Long-Term Resilience
Institutional bitcoin HODLing may seem antithetical to decentralization and greater inclusivity, but it could be the harbinger of better digital asset security.Distributed ledger technology has only scratched the surface of its potential, and bitcoin is in many ways bringing these possibilities into the limelight, so much so that it has sparked unprecedented global adoption.Moreover, the growing institutional embrace is a force to be reckoned with, and MicroStrategy’s accumulation is just one strong example of the accelerating purchase pace. CEO Michael Saylor has been a strong proponent....
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Bitcoin’s price performance remains subdued, with the cryptocurrency trading above $97,000 at the time of writing—a roughly 6.5% decline over the past week. The crypto asset has yet to reclaim the $100,000 level it lost earlier this week, leaving market participants uncertain about the near-term direction. Amid this backdrop, one CryptoQuant contributor, known as caueconomy, provided an analysis of a significant development involving Bitcoin’s exchange withdrawals. Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Largest Exchange Withdrawals Since FTX Collapse In....
Bitcoin’s new all-time highs appear to have been triggered by a dramatic reduction in active supply over recent months. Bitcoin investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoin’s supply that has remained inactive for the past three months spiking to a record high of 85%. On-chain analytics provider Glassnode identified the milestone in its Nov. 8 “The Week Onchain” report, concluding: “Investors are just not spending their coins.”Addresses that have not moved their BTC in 12-months, dubbed “long-term holders” (LTH), are among....
Amid a general crypto market price fall in the past week, Ethereum (ETH) recorded a price correction of over 19.5% finding support at a local bottom of $3,100. Since then, the prominent altcoin has only shown slight resilience rising by over 5% in the past two days. However, recent data on wallet activity provides much cause to be bullish on Ethereum’s long-term future. Related Reading: Ethereum Rejected At $4,000 Resistance Again: What Lies Ahead For ETH? Ethereum HODL Addresses Increase Supply Dominance To 16% In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive....
Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since early December, when it reached a multi-year high of $1.32. The retracement reflects broader market uncertainties and profit-taking by investors following its impressive rally. However, recent on-chain metrics point to an intriguing shift in market dynamics: a surge in whale accumulation. Related Reading: Dogecoin Whales Bought Over 90 Million DOGE In 48H – Details Top analyst Ali Martinez highlighted key data revealing that major investors have purchased over 20 million ADA in the past 48 hours. This....
The Spring has ended with Bitcoin exiting a flat, which has been there for more six months. Will that cause a continued long-term growth, or was it a false breakthrough? The long-term upward trend is continuing. After fortifying at the top limit of the long-term flat, Bitcoin’s price underwent a powerful upward impulse. Such movements usually appear when one of the development scenarios becomes unrealistic. A turn was needed around $450, in order for the long-term flat to continue. In that case, Bitcoin’s price would fall to the bottom limit of the flat, around $360-90. A turn to decline....