Ethereum Exchange Reserves Decline – Strong Accumulation Signal
Ethereum has been testing key demand levels after slipping below the $4,600 mark, a breakdown that has intensified selling pressure across the market. Bulls, who recently drove ETH to new highs, are now losing control as momentum fades, and fear is beginning to creep back into sentiment. Traders are closely watching whether Ethereum can hold support zones or if a deeper retrace is on the horizon. Related Reading: Bitcoin Supply In Profit Hits Historical Threshold – Echoing Past Patterns Yet, beneath this volatility, on-chain data tells a different story. Top analyst Darkfost shared fresh....
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Data shows Bitcoin and Ethereum exchange reserves continue their downtrend as the supply shock tightens its grip. Bitcoin And Ethereum Exchange Reserves Trend Downwards As pointed out by a crypto trader in a tweet, both Bitcoin and Ethereum continue to experience a decline in their exchange reserves. The exchange reserve of an asset is an […]
Ethereum has undergone a strong rally to $406, up 8% in the past 24 hours. ETH is slated to move higher as there seems to be a trend of accumulation taking place amongst Ethereum investors. Per new data, 250,000 ETH has been siphoned off of Binance in the past 24 hours, which is 10% of the exchange’s holdings. Strong Ethereum Accumulation Taking Place: Data Ethereum has undergone a strong rally over the last day on […]
Bitcoin is experiencing a challenging period, with its price remaining below the $100,000 mark after a significant drop earlier this week. Today, Bitcoin hovers just above $98,000, marking a nearly 10% decline from its all-time high of over $109,000 recorded last month. Interestingly, while BTC’s price has slowed, its exchange reserve has faced the same fate, with data showing a continuous decline from this metric. Related Reading: 49,700 Dormant Bitcoin Just Moved—What’s Next For BTC’s Price? Does This Suggest An Incoming Rebound For Bitcoin? ShayanBTC, one contributor to the....
Cryptocurrency-based treasury reserves have become a highly adopted initiative in the sector, with Ethereum and Bitcoin leading the charge. Even though the initiative kicked off with Bitcoin, Ethereum treasury reserves have witnessed exponential growth as accumulation grows among large companies in the past few months. Institutional Ethereum Adoption Still Growing Amid the new wave of […]
Bitcoin exchange reserves dropped by $5 billion in the past year, showing signs of accumulation. The Bitcoin (BTC) reserves of exchanges are continuing to drop, which suggests retail investors and whales might be accumulating.According to data from CryptoQuant, all exchanges’ reserves dropped to 2.4 million BTC, which is equivalent to $25 billion. In contrast, in October 2019, exchanges had around 2.8 million BTC, currently worth $30 billion.Bitcoin reserves on all exchanges throughout the past year. Source: CryptoQuantThere is a clear decrease in selling pressure from whales and retail....