Ethereum Large-Holder Activity Drives Short-Term Consolidation, Instability —...
The opening days in May have been accompanied by a rise in Ethereum on-chain activity. In a recent post on X, a pseudonymous analyst Darkfost dives into the intricacies of this activity and its impact on price. Related Reading: Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows Binance Records Massive Ethereum Inflow According to Darkfost, the resurgence of activity on the Ethereum network corresponds with the sideways movement of the second-largest cryptocurrency, trading between $2,250 and $2,450. Further details of this recent activity surge show that Binance....
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Ethereum’s price and its short-term holders are currently and simultaneously exhibiting bearish activity. While the downward price trend has continued, the activity of short-term ETH holders has followed closely, as the group has simply transitioned into a selling mode. Negative Supply Flow For Ethereum Short-Term Holders As Ethereum’s price loses its upside momentum, on-chain data […]
On-chain data shows the Bitcoin supply held by the short-term holders has recently been going down at its fastest monthly rate since 2012. Bitcoin Short-Term Holder Supply Plunges As Investors HODL As explained by CryptoQuant author Axel Adler Jr in a new post on X, the 30-day change in the short-term holder supply has plunged […]
On-chain data shows the Bitcoin short-term holder behavior has continued to display divergence from the price in recent weeks. Bitcoin Short-Term Holder SOPR Continues To Move Mostly Sideways As pointed out by an analyst in a CryptoQuant post, while the price has gone down recently, short-term holders have instead made more profits. The relevant indicator […]
Bitcoin may have pulled back briefly after days of upward action, but its price is still holding firm above the pivotal $77,000 mark backed by growing bullish sentiment across the broader cryptocurrency market. While BTC’s price has displayed upside momentum, the on-chain indicator points to a steady decline in activity among short-term holders. Short-Term Holder […]
Bitcoin has started to recover gradually after experiencing a notable drop in recent weeks. So far, BTC has reclaimed the $90,000 level amid renewed market activity. The cryptocurrency surged nearly 10% yesterday, briefly reaching a high of $92,756 in the early hours of today before experiencing a minor pullback. At the time of writing, Bitcoin is trading at $90,156, marking a 0.6% decrease over the past 24 hours. Related Reading: Short-Term Holders Dominate as Bitcoin Rebounds—What’s Next? Short-Term Holder Trends and Potential Market Consolidation Yonsei Dent, a contributor to....