Binance Square
LIVE
LIVE
Henrybackup
--24 views
ترجمة
Bitcoin accumulation phase ends as ETFs fuel new $100K BTC price target. Bitcoin has emerged from a mass accumulation phase in the past month — a classic move ahead of parabolic BTC price upside. Bitcoin BTC tickers down $66,807 is ending a year-long accumulation spree that began at the end of the 2022 bear market, data suggests. Figures from on-chain analytics firm Glassnode show BTC in accumulation addresses declining for the first time since the first quarter of 2023. Bitcoin hitting all-time highs this week may have sparked an instant sell-off, but behind the scenes, hodlers are already busy taking profits. Glassnode shows that coins held in so-called “accumulation addresses” — wallets with no outgoing transactions and at least two “non-dust” inbound ones — are dropping. Beginning Feb. 11, the turnaround began breaking with a year-long tradition and came as BTC/USD returned to $48,000 — the top of a key long-term trading range. Since then, accumulator balances have fallen 2.6% to 3,176,293 BTC ($212 billion) and show no sign of reversing. 👇👇👇👇 FOLLOW FOR MORE #Henrybackup #Write2ern #Write2Earn‬ $BTC $ETH $BNB

Bitcoin accumulation phase ends as ETFs fuel new $100K BTC price target.

Bitcoin has emerged from a mass accumulation phase in the past month — a classic move ahead of parabolic BTC price upside.

Bitcoin BTC tickers down $66,807 is ending a year-long accumulation spree that began at the end of the 2022 bear market, data suggests.

Figures from on-chain analytics firm Glassnode show BTC in accumulation addresses declining for the first time since the first quarter of 2023.

Bitcoin hitting all-time highs this week may have sparked an instant sell-off, but behind the scenes, hodlers are already busy taking profits.

Glassnode shows that coins held in so-called “accumulation addresses” — wallets with no outgoing transactions and at least two “non-dust” inbound ones — are dropping.

Beginning Feb. 11, the turnaround began breaking with a year-long tradition and came as BTC/USD returned to $48,000 — the top of a key long-term trading range.

Since then, accumulator balances have fallen 2.6% to 3,176,293 BTC ($212 billion) and show no sign of reversing.

👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2ern #Write2Earn‬

$BTC $ETH $BNB

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. وهذه ليست نصيحةً مالية. اطلع على الشروط والأحكام.
0
مُنشِئ مُحتوى ذو صلة
LIVE
@Square-Creator-524678017

استكشف المزيد من مُنشِئ المُحتوى

--
Crypto Prices Today April 10: Bitcoin Dips To $69K, ETH At $3500, SOL, XRP, ADA Crash. The top crypto prices registered a bearish turn as the Bitcoin (BTC) price plunged to the $69,000 level. In addition, the Ethereum price inched closer to dip below the $3,5000 mark. Meanwhile, other top altcoins, such as XRP and Cardano (ADA), Solana (SOL) witnessed a significant plunge. Major Crypto Prices Today The Bitcoin price was down by 2.57% reaching $69,161.00 at the time of writing on Wednesday, April 10. On the other hand, it’s trading volume dropped 5.37% to $36.64 billion in the last 24 hours. Whilst, the crypto held a market capitalization of $1.36 trillion. Turning to altcoins, the Ethereum price plummeted 4.86% to $3,519.60 at press time with a market valuation of $422.55 billion. Whilst, ETH saw its trading volume slump by 10.93%, reaching $17.92 billion. Meanwhile, the Binance Coin (BNB) price dropped 0.27%, reaching $578.85. In addition, its 24-hour trade gained 0.01% to $1.93 billion. The Solana price approached a decline below the $170 mark amid the bearish sentiment today. The Solana price was down by 3.72%, settling at $171.36. In contrast, SOL witnessed a 4.86%% surge in trade volume to $2.82 billion in the last 24 hours. Whilst, the XRP price failed to sustain beyond the $0.61 level. The XRP price recorded a drop of 1.18%, reaching $0.6083. On the other hand, XRP’s trading volume surged 24.09% to $2.54 billion. Meanwhile, the Cardano price plunged 4.19% to $0.5855 today. Whilst, ADA recorded a 21.03% hike in its 24-hour trading volume, settling at $548.48 million. As the top crypto prices declined, the popular meme coins followed. The Dogecoin price was down by 4.79% to $0.1897 while its rival, Shiba Inu price decline by 4.96% and traded at $0.00002743. 👇👇 FOLLOW #Henrybackup #write2earn🌐💹 #Write2Earrn $BTC $ETH $SOL
--
Bitcoin Breakout Halts as U.S. Inflation Data Looms Bitcoin (BTC) dropped 3% in the past 24 hours, invalidating a bullish breakout, ahead of the release of U.S. inflation data that could dictate when the Federal Reserve (Fed) starts cutting interest rates. The leading cryptocurrency by market value slipped back into a triangular consolidation pattern identified by trendlines connecting March 15 and March 27 highs and March 20 and April 3 lows. The symmetrical triangle consolidation had ended with a bullish breakout early this week, opening doors for a rally to $80,000. Failed breakouts often result in short-term traders closing or reversing bullish bets in anticipation of a steeper price decline. Still, Markus Thielen, founder of 10x Research, cautions investors against reading too much into Bitcoin’s bull failure. “Bitcoin’s failed breakout likely represents nervousness ahead of the U.S. CPI release. I would not write it off yet,” Thielen told CoinDesk in a Telegram chat. Thielen added that Wall Street’s tech-heavy index, Nasdaq, rose Tuesday, offering positive cues to bitcoin and other risk assets. In other words, bitcoin’s dip could be short-lived. The cryptocurrency closely follows trends in the Nasdaq and the Nasdaq-to-S&P 500 ratio. The Bureau of Labor Statistics is set to release March 2024 CPI data on Wednesday at 08:30 ET (12:30 UTC). The consensus is that the consumer price index, a measure of cost of living, has increased by 3.5% since March 2023, accelerating from February’s 3.2% annual inflation rate, according to economists polled by the Wall Street Journal. The monthly pace is forecast to have eased to 0.3% from February’s 0.4% rate. Similarly, the monthly pace in core inflation, which strips out the volatile food and energy component, is forecast to have slowed to 0.3% in March, following February’s 0.4% gain, equating to a 12-month decline to 3.7% from 3.8%. 👇👇 FOLLOW #Henrybackup #write2earn🌐💹 #Write2Earrn $BTC $ETH $BNB
--

المقالات الرائجة

عرض المزيد
خريطة الموقع
Cookie Preferences
شروط وأحكام المنصّة