📊 #Glassnode report:
▪️ $BTC 's strong market performance over the past 12 months is supported by notable growth in both spot trading volumes and on-chain flows, related to exchanges;
▪️ Profit taking is cooling down in recent weeks;
▪️ The balance of wealth is roughly balanced between long-term holders and new demand, suggesting that the “euphoria” phase is still relatively early from a historical point of view.

😱 $BTC #Glassnode : Panic selling yesterday resulted in 111,000 BTC worth $5 billion being dumped. Of that, $4 billion were sold at a loss.

🛑👉Exploring Recent Trends in Ethereum and Bitcoin.
Follow me if you like post

Ethereum: Should Owners Wait Before Selling ETH for Profit?

• The percentage of ETH held in profit is currently at its highest level in the last two years.

• Glassnode data reveals that the circulating supply's profit percentage has surged to its highest since 2021.

• The increase is attributed to the recent price surge following the SEC's approval of the Bitcoin ETF.

• Short-term investors may be inclined secure gains by selling ETH, potentially leading to temporary price drops.

• Long-term holders, seeking more profits, might hold onto their ETH, reducing circulating supply and potentially contributing to long-term price appreciation.

• Weekly charts indicate a bullish trend, with key indicators suggesting strong momentum.

Bitcoin: Unraveling Ordinals, Fees, and Hash Rates

• Bitcoin has become the top network for NFT volume in Q4 2023, surpassing $1.27 billion in sales.

• Despite a decline in daily inscriptions, Bitcoin continues to dominate NFT sales, with over $861 million in the last 30 days.

• The drop in daily inscriptions has led to a reduction in daily inscription fees.

• Recent data from Into The Block show a significant 50% drop in Bitcoin network fees due to the decline in inscriptions.
fees due to the decline in inscriptions.

The Bitcoin hash rate has reached a new record, indicating strong miner participation and correlating with increased miner revenue.

• Miner revenue surpassed $55 million when the hash rate hit an all-time high.

■ Market Dynamics and Future Considerations

• Ethereum and Bitcoin show contrasting trends, with ETH holders contemplating profit-taking while Bitcoin maintains its NFT dominance.

• Investors should consider the impact of short-term vs. long-term strategies on market dynamics.

• Ongoing market shifts emphasize the importance of staying informed and adaptable in the ever-evolving crypto landscape.
#dior #etf #BTC #ETH #Glassnode $BTC $XRP

📊 #Glassnode : Sell the news factor in $BTC is quite strong now. Withdrawals of staples from exchanges have been exceeding the $100 million threshold for days now. Even in the 2020-2021 bull market, there were only a few such periods. Sellers' pressure is still in place, last week closed bearish.

If you want to trade intraday, keep this in mind

📈 #Glassnode : Deposits and withdrawals on exchanges processed on #BTCNetwork continue to grow, with a cumulative flow of $4.07 billion (30-day average).
Prior to this, only 183 trading days in history have recorded a larger volume of exchange flow, which emphasizes the growth of speculative activity of investors in the market at the moment.

📊$BTC #ETF #Glassnode report:
▫️ Some on-chain and derivatives indicators suggest that non-trivial BTC investors treated the approval of the BTC-ETF as a promotional event;
▫️ Some indicators have reached levels where past cycles encountered significant resistance;
▫️ The unrealized profit and loss rate of long-term BTC holders reached 0.55 this week, which is a significant positive and gives the average long-term investor a 55% unrealized profit;
▫️ The supply of long-term holders has decreased slightly from ATH (by 75k BTC since November)

📈 #Glassnode : Since Oct 2023, the Aggregate Stablecoin Supply has been experiencing an expansion and has recently recorded a monthly increase of $4.17B, the largest inflow since March 2022.
This places the Aggregated Stablecoin Market Cap at a current value of $128B.

📊 $ETH #Glassnode report:
▪️ ETH investors recorded a multi-year high in net realized gains, suggesting there is some willingness to sell speculation about a potential ETH ETF equity rotation;
▪️ ETH is also seeing increased activity in the derivatives market, which signals a possible change in capital flows;
▪️ Compared to ETH, altcoins simply couldn’t stand the competition in recent weeks;
▪️ The $SOL /BTC ratio has increased by 290% since October 2023 and has significantly outperformed ETH during this period.

📊 $BTC #Glassnode : Assessing the severity of bull market corrections by cycle, we can note an increased level of resilience during the current cycle. Currently, the largest drawdown has reached only -20.1%.

📊 #Glassnode : historically, after moving from capitulation to hope, optimism and finally to belief, the $BTC rate has often experienced a short correction phase, which is again being seen now.

📊 #Glassnode : judging by the high volume trading and whale buying, the $41800 - 42500 zone in $BTC is now a very important support level as many of the institutional traders have an average breakeven price in this zone.

📊 #Glassnode report: Despite the modest increase in spending on old coins since the #ETF was approved, most long-term $BTC investors are still unwilling to part with their coins at current prices.
Network activity of organizations remains low, but the volume of money transferred within the network and, in particular, to exchanges remains stable and resembles previous bull market cycles.

📊 #Glassnode : Exchanges remain the primary venue for trading activity, and deposit and withdrawal volumes have increased significantly, reaching $6.8 billion per day.

🎢 $ETH #Glassnode : almost 510,000 ETH has been withdrawn from crypto exchanges in the last 3 weeks, which may indicate that Ethereum holders are serious.

📊 $BNB $BTC #Glassnode : Binance has temporarily regained the lead over CME as the leading BTC futures marketplace

📊 #Glassnode : trading volumes at 42500+- amounted to more than 1 million $BTC , this range may become an important support level.

🎢 #Glassnode : In terms of market sentiment, historically, after moving from capitulation to hope, optimism, and finally faith, $BTC has often experienced a short correction phase, but the trend is bullish globally and large-scale euphoria is still far from being reached. Long-term holders remain steadfast.

*The long-term peak in BTC has historically occurred 540 days after Halving

✴️#BTC #cot #криптовалюты
#Glassnode : большинство BTC, посылаемых сейчас на биржи, были куплены ранее как раз на нынешних ценовых уровнях = краткосрочные холдеры продают в ноль...

Regulatory scrutiny hits Binance USD stablecoin activity hard. Data firm Glassnode reports a record low in addresses sending and receiving BUSD.

#BUSD #Stablecoins #Binance #Glassnode

https://blockchainreporter.net/binance-usd-stablecoin-activity-hits-record-low-amid-regulatory-scrutiny/

◾ On-chain analytics Tools: #cryptocurrency

#Glassnode : Unveiling on-chain data flows.

#intotheblock 🔍: Harnessing AI research to provide actionable insights in the crypto market.

#MessariCrypto 💡: Illuminating crypto project data, pricing, and in-depth research.