Some Miners Are Taking Profits, but Bitcoin’s Upside Potential Remains Strong
As I’ve emphasized multiple times, miners are the backbone of the Bitcoin network. Every four years, Bitcoin undergoes a halving event, reducing the mining rewards by half. In preparation, miners tend to realize profits by selling Bitcoin to maintain profitability and gear up for the next cycle.
Following each halving, miners may temporarily shut down some mining operations and sell Bitcoin holdings to secure operating funds. When Bitcoin begins setting new all-time highs, they gradually increa
Accumulation Opportunity in TON: 180-Day Sharpe Ratio Analysis
Every time TON's 180-day Sharpe Ratio enters the green or blue zones, it presents an excellent opportunity to accumulate the asset. These zones indicate a favorable risk-return scenario, where investment returns are attractive relative to the risks involved.
🔹 Current Status: TON’s Sharpe Ratio is currently in the Green Zone, indicating a good risk-return ratio.
🔹 Potential for Improvement: There’s still a chance for the Sharpe Ratio to reach the Blue Zone, which would indicate an even more
After the BTC Correction, Overheated Long Positions Cool Down
Following Bitcoin's all-time high, futures traders engaged in excessive long position bets, leading to a funding rate of 0.06-0.08%, indicating market overheating.
However, as the price adjusted, a massive $42 million worth of long positions were liquidated, and the overheated leverage was relieved, causing the funding rate to drop to 0.008%. This suggests that traders holding long positions experienced extreme fear due to losses.
Interestingly, as large-scale leveraged futures positions were
Korean Exchanges in Binance's Shadow: 22x Transaction Volume Superiority!
Korean Exchanges in Binance's Shadow: 22x Transaction Volume Superiority!
Over the past six months, Binance’s transaction volume has far surpassed that of all Korean exchanges combined! Here are the numbers that highlight this massive gap…
Monthly Transaction Volume Comparison (Binance vs. Korean Exchanges)
May 2024: Binance 723T - Korean Exchanges 33T
Binance’s transaction volume is approximately 21.9 times that of Korean exchanges.
Bull Run Is Coming: Increasing Active Addresses Bitcoin
The increase in the price of Bitcoin has been accompanied by an increase in active addresses. This shows that more people have noticed the price of Bitcoin and are attracted to the market. Ordinary people who have not been involved in the crypto market before will enter the market and cause the Bull Run. This issue will further boost the price in the crypto market and we will see an increase in the price of altcoins in the market
Exchange Activity on the Aftermath of the US Presidential Election and Renewed Investor Demand
Crypto exchange trading spiked to the largest volume since March during and after the US presidential election last week. Moreover, Bitcoin and USDT inflows into exchanges also increased strongly amid renewed investor activity.
Regarding inflows into exchanges, Binance saw the most activity, experiencing high inflows of both USDT and Bitcoin. Binance clearly dominated the inflows of USDT into exchanges on the US Presidential election week, with a total of $7.7 Billion USDT sent into the exchang
new record by Hitting over 1.3 billion USDT in exchange netflow for second time in just 6 days.
Increased Buying Power: The substantial inflow of stablecoins onto exchanges brings a high amount of purchasing power, which could drive demand for Bitcoin and other cryptocurrencies, especially if this capital is deployed strategically.
Overheated Funding Rates and Profit-Taking By 6-18 Month Holders Signal the Start of a Bull Market
Bitcoin continues to hit new all-time highs, and long positions are increasingly active in the futures market. This has driven funding rates sharply upward, a typical pattern seen in the second leg up following a halving event. When the market becomes overly skewed to one side, it often triggers price movements that benefit the opposing side. Although Bitcoin may see a short-term pullback, this doesn’t signal the end of the bull market. In fact, the steep rise in funding rates is more often a si
🐹 Hamster Kombat (HMSTR) Surged By 120%—is It Fueled By Speculation or Solid Fundamentals?
The price of Hamster Kombat (HMSTR) token increased by 120% recently. However, on-chain activity is a ghost-town, with only about 2% of all TON transactions involving Hamster Kombat tokens. This rise appears to be more speculative than driven by strong fundamentals.
That said, Hamster Kombat has over 100 million monthly active users in their game. Any real uptick in the transaction count, has to be taken very serious, as this shows demand coming back for the token.
Bitcoin Hits New Highs and Leverage Rises, Indicating Risks of High Volatility
With the breakout of the previous all-time high last week, bitcoin entered a price discovery process and this begins to show signs of a high risk of corrections in the short term.
In the last week, more than US$ 16 billion in open positions were added in the futures market, a substantial growth that signaled an increase in leverage.
In addition, financing rates reached the highest value since the end of March, when BTC began a more significant correction.
Ethereum Reaches New Yearly High: Positive Funding Rates Signal Bullish Sentiment, but Overheatin...
Ethereum’s recent surge to a new yearly high has renewed optimism among market participants, with hopes that a new rally toward an all-time high may be underway. However, analyzing futures market sentiment can provide essential insights into potential short-term fluctuations.
Examining the funding rates for ETH futures, it can be observed that the metric has remained positive in recent weeks, signaling a bullish sentiment in the market. This optimism spiked sharply when Ethereum crossed the $3K
📈 Bitcoin on the Rise As Short-Term Holders Send BTC to Binance: Selling Pressure Ahead?
With Bitcoin surpassing the $88,000 USD mark, Short-Term Holders — investors with shorter time horizons — are increasingly interested in taking profits. These investors are transferring their coins specifically to Binance, indicating potential selling pressure on the platform. This concentrated flow of Bitcoin to a single exchange suggests that liquidity and price dynamics on Binance may be affected, potentially impacting the broader market.
After Trump's election, the market has been skyrocketing every day without a break. This marks the beginning of a new phase in the market. As this trend continues, Bitcoin dominance is likely to start falling.
Despite the recent impressive performance, the Korean premium remains very low, indicating that Korean investors are hesitant to enter the market. Consequently, a short-term correction may be on the horizon. However, the overall trend is expected to persist until 2025. Trust me.
Bitcoin's recent surge has the markets buzzing, and you can't help but wonder where the end of this bull cycle lies. To help identify the top of the market cycle, it's helpful to look at two network metrics.
Looking at the first, “Bitcoin Active Addresses (7D),” this metric refers to the number of active wallets used to send or receive bitcoin. Currently, 1 million addresses per day are transacting, and past cycle peaks have been around 1.2 million per day, so it's hard to say that on-chain tra
Bitcoin investors' questions never end. We always think about when it will reach a new all-time high (ATH), and once it happens, we start asking when it might top out. Fortunately, we have many tools to track whether the market is overheated or not. In this analysis, I want to mention two charts that I pay close attention to and two other charts that I pay less attention to
Two charts that I think may be misleading for tracking the market are open interest and supply in profit.
As Bitcoin’s price began rising again, we’ve observed open interest increasing, indicating a higher volume of trades and more futures positions being opened. This trend has led to a notable uptick in liquidations.
Interestingly, short liquidations currently outpace long liquidations, which is a positive signal for sustaining the upward momentum.
However, flash corrections may still occur as over-leveraged long positions could be liquidated.
In light of this, it may be prudent to trade with ti
Rising Coinbase Premium Values indicate That US Investors Are Putting Intense Buying Pressure o...
Generally, rising or high Coinbase premium values due to intense buying pressure on Bitcoin are a good sign in the medium term.
In my opinion, high premium values are not very good in the short term, as, as a rule, a little later, this leads to a local downward movement of Bitcoin.
It is worth noting that this is especially true when high premiums are combined with inadequate retail leverage setup and an excessive number of longs. Recently, this has been precisely the situation with positi
Weekend's Bitcoin Price Increase Was Led By Binance Whales.
Since September, I have consistently highlighted that the price increase has been driven by Binance, based on various data points.
weekend's price surge showed signs of Binance whale involvement, as the CPG dropped into the negative range. This current price rise has strong momentum, and the shifted trend is unlikely to reverse easily.
While many are focused on U.S. money and BTC ETF, I have been emphasizing since September that attention should remain on Binance whales.
Comprehensive Bitcoin Market Cycle Analysis Based on Multiple Indicators. 🔍
The following analysis combines multiple on-chain metrics to assess the current state of Bitcoin's market cycle. Each indicator sheds light on the overall sentiment, market phase, and potential turning points for $BTC.
🔹Supply in Profit (%)
🔹Puell Multiple
🔹CryptoQuant P&L Index
🔹Bull/Bear Market Cycle Indicator
🔹MVRV Ratio
🔹UTXO Age Bands (Realized Cap)
Combining all indicators, Bitcoin appears to be in a bull market phase, but several indicators suggest we may be closer to the mid