Fewer Bitcoin Sellers? Exchange Depositing Addresses Plunge To 8-Year Low In ...
As Bitcoin (BTC) continues its climb toward the psychologically important $100,000 level, an increasing number of holders appear to be holding tightly to their coins rather than depositing them on exchanges. However, the top digital asset must still decisively overcome some key resistance levels before launching into a sustained bullish wave. Bitcoin Depositing Addresses Plummet […]
Related News
Historical data of an on-chain indicator could suggest Bitcoin may not be in danger of another sharp crash right now. Bitcoin Spot Exchange Depositing Addresses Stay At Very Low Values As pointed out by an analyst in a CryptoQuant post, signs are that another crash similar to Q3 2018 isn’t likely to happen currently. The relevant indicator here is the “spot exchange depositing addresses,” which is a measure of the total number of Bitcoin wallet addresses that are making send transactions to centralized spot exchanges right now. Generally, investors deposit their coins on....
High-net-worth investors, or whales, have been buying Bitcoin more aggressively since Christmas, on-chain data show. Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC.It is nearly impossible to segregate institutional investors from individual investors through on-chain data. However, the trend shows that investors with large capital are increasingly entering into the Bitcoin market despite its rally.Bitcoin large supply holders. Source: SantimentWhy are whales continuing....
Bitcoin price is defending the $15,000 support and on-chain data signal that the rally may continue beyond $16,000. After rejecting at $15,960 on Nov.6 Bitcoin (BTC) price has been defending the $15,000 support level with strength. Based on four on-chain data points, analysts believe the rally might continue beyond $16,000.Analysts have pinpointed lower Bitcoin exchange reserves, unmoved supply, a rise in “stronger hands,” and unrealized profits as factors for the rally to continue.The number of BTC held on exchanges dropsRecently, Delphi Digital, an independent cryptocurrency research and....
The drop in Ethereum’s daily active addresses comes as ETH price flatlines, raising fears about a potential drop ahead. Ethereum has witnessed a substantial drop in its daily active address (DAA) count over the last four months, raising fears about more downside for Ether (ETH) price in the coming weeks.Stagnant Ethereum price spooks investorsThe number of Ether DAA dropped to 152,000 on Oct. 21, its lowest level since June, according to data provided by Santiment. In other words, the plunge showed fewer unique Ethereum addresses interacting with the network.Ethereum daily active address....
Bitcoin trading platform Bitfinex is back in the news, but unfortunately, this time for the wrong reason. The trading platform has requested its customers to desist from depositing cryptocurrencies to old deposits addresses after a suspected compromise. Bitfinex issued an announcement, Urgent action required today: "Dear Customer although we keep over 99.5% of users' BTC deposits in secure multisig wallets, the small remaining amount in coins in our hot wallet are theoretically vulnerable to attack. We believe that our hot wallet keys might have been compromised and ask that all of our....