Market Analysis
Non-Zero Bitcoin Addresses Reach Historic Highs, BTC’s On-Chain Settlement Efficiency Goes a Notch Higher
Bitcoin is showcasing itself as one of the most efficient monetary settlement networks, given that it transferred an average of $95,142 for a fee of $1 compared to Ethereum’s $139 in the past week.
El Salvador Buys the Dip by Adding 100 Bitcoin to its Portfolio
After slipping to lows of $54,000, a scenario not seen in the last six weeks, El Salvador saw this as a perfect opportunity to buy the dip for additional 100 BTCs.
Long-Term Holders Liquidate their Supply as Bitcoin Slips to a 6-Week Low
Long-term holder supply dropped by approximately 76,633 BTC day over day.
Bitcoin Supply is Moving to Strong Hands amid BTC On-Chain Analysis Going Mainstream
The current Bitcoin correction has not dampened the spirits of strong hands, investors who hold for future purposes because they are accumulating more coins.
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.