MARKETANALYSIS
Bitcoin Remains Bullish Based on the Formation of an Ascending Channel
The formation of a parallel channel on the daily chart suggests BTC can still drop to $57,000-$54,000 to then rebound towards $75,000, according to analyst Ali Martinez.
$100,000 Forecasted as the Largest Strike Price for Bitcoin Options this Year, Analysis Predict
The biggest strike price for BTC options is $100,000 with an open interest (OI) of $500 million.
Ethereum’s Transaction Volume Hits a 5-Month High
Despite Ethereum (ETH) correcting from the historic high of $4,860 attained recently, the second-largest cryptocurrency is still experiencing high transaction volume on its network.
Ethereum Closed in Green for 7 Weeks amid Burnt Ether Topping $4b
Ethereum has made seven positive weekly closes, given that it has enjoyed a significant upward momentum this quarter.
The No. of Non-Zero Bitcoin Addresses Hit a 6-Month High, amid Realized Volatility Drifting to a 1-year Low
Bitcoin has been attracting more participants, given that the number of non-zero BTC addresses reached a 6-month high.
Bitcoin Funding Rates Have Calmed Down - Has Greed in the BTC Market been Neutralized?
Bitcoin funding rates have slowed down since the leading cryptocurrency scaled to new heights of $69,000.
Bitcoin Surges to New ATH of $68,500 with Big Money Emerging as the Largest Catalyst
Bitcoin has scaled to heights not seen in its twelve-year journey by hitting a new all-time high (ATH) of 68,500.
$5,000 Emerge as the Largest Open Interest Strike Price for Ethereum Options
Open interest is rising, with $5,000 being the largest strike price for Ethereum options.
Bitcoin’s Average Coin Dormancy Hits a 3-Month High
Bitcoin's average coin dormancy has been going through the roof based on the current consolidating market.
Bitcoin’s 30-Day MVRV Shows BTC UnderBought
Bitcoin’s 30-day MVRV, measuring the returns of 30-day trading addresses, shows BTC is underbought.
Bitcoin Funding Hits a Monthly Low as Consolidation Continues
The consolidating Bitcoin market has been partly prompted by funding rates hitting a monthly low.
2.3 Million Bitcoins Have not Moved in More Than 10 Years
More than 2.3 million Bitcoins might have been lost based on their immobility for at least ten years.
Ethereum Supply Diminishes to a Record Low Amid ETH Breaking the Record at $4,400
Ethereum’s record-breaking surge is being attributed to diminished supply and high token circulation.
Bitcoin Transaction Volume Hits a Monthly Low as Consolidation Continues
Bitcoin has found itself in a consolidation state based on low transaction volume.
Long Term Bitcoin Holders Taking Profits but not Exiting in Masses
Bitcoin has been correcting and this trend can be explained by the fact that long-term holders (LTHs) have been taking profits