The waning cryptocurrency market momentum, coupled with ongoing geopolitical tensions, continues to hamper Bitcoin’s price trajectory, pushing it downward. With BTC’s price and sentiment dropping significantly, the market appears to have entered a phase of heightened uncertainty and caution as investors look for alternative assets to hedge against geopolitical risks. Bitcoin Weakness Reflects Broader Risk-Off…
TLDR: Coinbase moved 800,000 BTC on November 22-23, destroying old UTXOs and creating new ones at $85,000. The exchange operation distorted metrics across all platforms, affecting UTXO data and realized values. Bloomberg reported unprecedented selling based on skewed data before analysts manually corrected the figures. Adjusted analysis shows long-term holders distribute normally, consistent with previous…
Bitcoin is once again testing a critical resistance level after surging over 9% since Sunday, fueled by a shift in market sentiment and easing geopolitical tensions. The price now hovers just below the $110,000 mark—a psychological barrier that, if breached, could open the door to a new phase of price discovery. Bulls appear firmly in…
Following an extensive price correction in the past three months, the Bitcoin bull market continues to hang in the balance. Despite a modest price rebound in April, the premier cryptocurrency is yet to display a strong intent to resume its bull rally amidst a lack of positive market factors. However, crypto analyst Axel Adler Jr….
On-chain data shows the Bitcoin supply held by the short-term holders has recently been going down at its fastest monthly rate since 2012. Bitcoin Short-Term Holder Supply Plunges As Investors HODL As explained by CryptoQuant author Axel Adler Jr in a new post on X, the 30-day change in the short-term holder supply has plunged…
Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most…