ANALYSIS
Bitcoin Addresses Holding Between 100 and 10,000 BTC Hit a 7-Week High
BTC addresses holding between 100 and 10,000 BTC have been on a spending spree, given that they have added 90,000 BTC to their portfolio, as acknowledged by on-chain metrics provider Santiment.
Ethereum Whale Addresses Are Still Hovering Around an All-Time High
Ethereum whales are on a record-breaking trend.
Bitcoin Needs Momentum to Hit $43,000 For Recapturing the 200-Day Moving Average
Market analyst Lark Davis suggests that BTC needs momentum to push forward until the $43,000 level to regain the 200-day moving average.
Long-Term Bitcoin Holders Keep Stacking While Short-Term Holders Keep Selling
On-chain analyst William Clemente III revealed that long-term holders keep on stacking as short-term holders keep on selling.
13.38% of Bitcoin’s Money Supply Has Now Moved Between $31K and $40K
On-chain analyst William Clemente III disclosed that 13.38% of Bitcoin’s circulating supply standing at 18.73 million BTC has moved between the $31k and $40k range.
Bitcoin Miners’ Wallet Net Flows Are Increasingly Turning Negative
Bitcoin (BTC) experienced a sharp correction that drove the price to lows of $30k . Some analysts believe that Bitcoin miners have been on the receiving end because the recent market crash slashed their profit margins.
Bitcoin Needs to Push Above $40,000 for Bulls to Construct Confidence
Chris Weston, the head of research at Pepperstone Financial Pty, believes that Bitcoin ought to trade above the top of the present range of $40k for bulls to feel that they are out of vulnerability.
The Number of Ethereum Transfers Hit a Monthly Low
The number of Ethereum (ETH) transfers has dwindled hitting a 1-month low of 24,471.607, as acknowledged by on-chain metrics provider Glassnode.
A Breakout May Happen in the Bitcoin Market Soon, says Market Analyst
Market analyst Michael van de Poppe believes that a breakout might happen in the Bitcoin market in the course of the week because the volume is draining down.
US Institutional Bitcoin Demand Has Dried Up, says On-Chain Analyst
On-chain analyst William Clemente III noted that Bitcoin demand by US institutional investors had slowed down.
