Tag Archives: glassnode

Famous Trader Bets $27 Million That The XRP Price Will Crash

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A famous trader is betting on a significant XRP price crash amid this recent market downtrend. The altcoin continues to struggle despite the recent launch of Canary’s XRP ETF, with popular analyst Ali Martinez suggesting it could soon drop below the psychological $2 level.  Famous Trader Opens $27 Million Short Position On XRP In an… Continue reading Famous Trader Bets $27 Million That The XRP Price Will Crash→

Bitcoin Supply In Profit Sees Sharp Decline With Market Crash – Here Are The Numbers

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The Bitcoin supply in profit has seen a sharp decline amid the latest crypto market crash. This has raised concerns that BTC could suffer a further crash, as holders who are in the red may move to offload their coins.  Bitcoin Supply In Profit Drops Amid Market Crash On-chain analytics platform Glassnode revealed in a… Continue reading Bitcoin Supply In Profit Sees Sharp Decline With Market Crash – Here Are The Numbers→

Bitcoin Slips Below STH Cost Basis – Why This Could Be A Buy Signal?

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Bitcoin price has continued to hover in the range of $106,000-$108,000 over the last 24 hours. The premier cryptocurrency is presently displaying some stability following another volatile trading week, which produced a 3.41% price loss. Notably, Bitcoin’s movement amid this corrective phase has triggered an interesting on-chain signal with bullish implications. Bitcoin Short-Term Holders Go… Continue reading Bitcoin Slips Below STH Cost Basis – Why This Could Be A Buy Signal?→

Bitcoin Crash Unlike LUNA & FTX Collapses, Says Glassnode: Here’s Why

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On-chain analytics firm Glassnode has explained how the latest Bitcoin selloff is different from the LUNA and FTX crashes of 2022. Bitcoin Supply In Profit Trend Is Structurally Different For The Latest Crash In a new Percent Supply in Profit to make the comparison. This on-chain indicator measures, as its name suggests, the percentage of… Continue reading Bitcoin Crash Unlike LUNA & FTX Collapses, Says Glassnode: Here’s Why→

This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?

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Bitcoin supply on exchanges has hit a new low for the first time in six years, providing a bullish outlook for BTC. This comes as the flagship crypto continues to hit new all-time highs (ATHs), with the $130,000 target now in sight.  Bitcoin Supply On Exchanges Hit Six-Year Low Glassnode data shows that the Bitcoin… Continue reading This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?→

Bitcoin Pricing Bands Point To $140,000 Target But On This Condition – Analyst

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Bitcoin (BTC) has maintained a strong bullish performance over the past seven days, with the price gaining by approximately 12%. The crypto market leader rose to near $124,000 before experiencing a slight retracement, which has now forced prices to $122,070. With the market maintaining a consolidation pattern, prominent analyst Ali Martinez has shared some important… Continue reading Bitcoin Pricing Bands Point To $140,000 Target But On This Condition – Analyst→

Bitcoin’s $117k Reset Unlocks Path Toward ATH As Bullish Structure Strengthens

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Bitcoin is presently valued in the $122,000 price region following an impressive price surge over the last week. Notably, bullish sentiments around the crypto market leader are presently strong as analysts speculate that another accumulation phase may have commenced. On-chain analytics page, Swissblock has now provided an in-depth analysis of the present market situation, with… Continue reading Bitcoin’s $117k Reset Unlocks Path Toward ATH As Bullish Structure Strengthens→

Total Illiquid Bitcoin Has Reached 72% Of Supply, What Does This Mean For Price?

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The total illiquid Bitcoin has reached a new high, providing a bullish outlook for the flagship crypto. This refers to the BTC supply that is unlikely to hit the open, given the long-term holding of the investors who own these coins.  Bitcoin’s Illiquid Supply Hits New High Glassnode data shows that Bitcoin’s illiquid supply has… Continue reading Total Illiquid Bitcoin Has Reached 72% Of Supply, What Does This Mean For Price?→

Bitcoin Trend Constructive As Long As This Metric Holds, Glassnode Says

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On-chain analytics firm Glassnode has explained how the Bitcoin price trend remains constructive as long as the asset trades above the short-term holder cost basis. Bitcoin Is Still Maintaining Above Short-Term Holder Realized Price In a new Realized Price” here refers to an indicator that keeps track of the cost basis of the average investor… Continue reading Bitcoin Trend Constructive As Long As This Metric Holds, Glassnode Says→

Ethereum’s MVRV Hits 1.97 — Can Bulls Hold Their Ground?

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Ethereum (ETH) stands out with one of the best price performances from last week as a general bullish sentiment swept across the crypto market. During this period, the dominant altcoin gained by 9.06% with its prices briefly entering the $4,700 price range. As the majority of investors hold green positions, on-chain data support price movements… Continue reading Ethereum’s MVRV Hits 1.97 — Can Bulls Hold Their Ground?→