On-chain data shows that Bitcoin may currently be following a similar pattern to the previous cycle in terms of this metric.
Bitcoin may now enter the second phase of its bull run
In an article on CryptoQuant Quicktake, an analyst noted that recent trends in Bitcoin’s supply from long-term holders are reminiscent of what was observed during the 2017 cycle.
Long-term holders (LTH) are one of the two main parts of the BTC user base divided by holding time, the other part is called short-term holders (STH).

The cutoff between the two groups is 155 days, and investors who bought within this window are part of STH, while those who have held beyond that window since then are part of LTH.

According to chart indicators, Cardano's price has just broken through a key resistance level, raising hopes for a potential upward trend. While the cryptocurrency is preparing for a possible bullish rebound, one cryptocurrency analyst also shared the downside risks Cardano may face if it fails to hold the key support level.
Cardano's price breaks through the descending wedge resistance level, indicating an upward trend.
Cardano's price appears to be on a clearly bullish trajectory, as a cryptocurrency analyst on TradingView named 'MyCryptoParadise' shared an in-depth analysis of its recent price movements. According to this cryptocurrency expert, Cardano has just broken through the descending resistance level in its descending wedge pattern.

The inflows into spot Ethereum ETFs have accelerated again, particularly after Donald Trump's victory and the Federal Reserve's announcement of a 25 basis point rate cut this week. Over the past three consecutive days, Ethereum ETFs have recorded net inflows, with total outflows decreasing from a peak of $550 million weeks ago to $324 million.
Spot Ethereum ETFs are favored again.
As Bitcoin hits a historic new high of over $77,000, the world's largest altcoin Ethereum (ETH) is also gaining significant traction. Consequently, the inflows into spot Ethereum ETFs have slightly increased again, reaching a weekly high of $85.9 million on Friday, November 8. Thus, following Donald Trump's victory, the weekly inflow surged to $155 million.

The cryptocurrency space is full of potential, perhaps not in the top 100 cryptocurrency rankings. Becoming a top altcoin means growth over time, which means limited upside potential. Therefore, using top cryptocurrencies like TRON (TRX) and Polkadot (DOT) to achieve life-changing gains is unlikely or even non-existent.
However, the emerging AI altcoin IntelMarkets (INTL), as a low market cap gem, has significant growth potential. In addition to its bullish AI narrative, it is set to be adopted as an AI-driven trading platform, making it a new DeFi project worth watching.

According to chart indicators, Cardano's price has just broken through a key resistance level, raising hopes for a potential upward trend. While the cryptocurrency is preparing for a possible bullish rebound, a cryptocurrency analyst also shared the downside risks that Cardano may face if it fails to hold the key support level.
Cardano price breaks through descending wedge resistance, signaling an upward trend.
The price of Cardano seems to be on a clearly bullish trajectory, as a cryptocurrency analyst named 'MyCryptoParadise' shared an in-depth analysis of its recent price movements on TradingView. According to this cryptocurrency expert, Cardano has just broken through the descending resistance level in its descending wedge pattern.

Ethereum has finally broken through the key resistance level that had been languishing since early August and has begun to surge. This move has shifted market sentiment, as many investors and analysts had previously expressed skepticism about ETH's potential in the current cycle, expecting it to lag behind. However, Ethereum's recent strength is reshaping these views.
Famous analyst and investor Ali Martinez recently shared some insights indicating that while Ethereum's momentum is strengthening, the much-anticipated 'Altseason' has yet to arrive. Martinez noted that at this stage of the cycle, Bitcoin's performance typically outshines Ethereum and other altcoins—a common pattern since BTC often leads market rebounds. This dynamic can provide strategic opportunities for investors looking to enter ETH and other altcoins before a broader market frenzy begins.

Cardano (ADA) has experienced a significant surge over the past four days, with its price rising an astonishing 32%. In just the last 24 hours, ADA has increased by 16%, bringing its market capitalization to $14.932 billion. This surge has propelled Cardano back to the position of the ninth largest cryptocurrency by market cap. Several factors have contributed to this bullish momentum:
1 Bulls take over the entire cryptocurrency market
The optimistic market sentiment is not limited to Cardano; the entire cryptocurrency market has experienced a significant rebound. This upward trend is primarily attributed to Donald Trump's victory in the U.S. presidential election. The Trump administration has pledged to end the "war on cryptocurrency" and position the U.S. as a central hub for cryptocurrency business.

After reaching an all-time high of $76,940, Bitcoin's market strength is on the rise.
Its actual market value surged by 3.8% over the past 30 days, reaching a record high of $656 billion. This spike marks one of the largest inflow levels since January 2023, when net capital inflows were $2.5 billion.
The actual market value measures Bitcoin's worth based on the latest price per token, highlighting increased investor confidence and market activity.
This positive trend suggests that Bitcoin's momentum may continue and potentially boost the broader cryptocurrency market.

As the Bitcoin price approaches $76,000, bulls are fighting against bearish pressure, hoping to establish a new high above $76,500. The trading volume remains confined within the range, somewhat weakening the strength of the bulls. Meanwhile, bulls are defending the temporary support level as it maintains the upward trend, aiming to reach the upper resistance level above $77,000 to set a new high. However, traders seem to lack confidence in BTC price exceeding this range, making the likelihood of a pullback greater than that of an upward move.
Since the BTC price broke through the range, market participants are hopeful for the next price action. Most of them are waiting for the price to reach new highs, while some are ready to take partial profits at the peaks. Therefore, market participants may anticipate a significant increase in volatility over the upcoming weekend, as both bulls and bears are prepared to place their bets.

An analyst pointed out that according to the descending triangle pattern, this price level could become Dogecoin's next destination.
Dogecoin is currently within a descending triangle.
In a new post on X, analyst Ali Martinez discussed a pattern that Dogecoin's price has recently formed. This pattern is known as a 'descending triangle' in technical analysis (TA), which, as the name suggests, looks like a downward-sloping triangle.
The pattern involves two lines, with the asset's price consolidating between them: one is an upper line with a negative slope, while the other is a lower line parallel to the timeline. The former may pose resistance to the token, while the latter may serve as a support point.

The cryptocurrency market is on high alert as nearly $3.7 billion in Bitcoin options are set to expire on November 8. This massive expiration transaction exceeds last week's trading volume, occurring after a series of recent events, including the U.S. elections and the Federal Open Market Committee (FOMC) meeting. Such large-scale options expirations often trigger significant sell-offs.
$3.7 billion in Bitcoin options expiring
Deribit's latest data shows that about 48,794 Bitcoin options contracts worth approximately $3.7 billion will expire today. However, the put/call ratio for these contracts is 0.72, indicating a relatively balanced ratio of bearish and bullish positions.

Following Donald Trump's victory in the presidential election, a broader rebound in decentralized finance (DeFi) has seen Ethereum (ETH) rise nearly 20% in the past two days.
Ethereum begins to regain momentum.
The second-largest cryptocurrency by market capitalization has lagged behind Bitcoin (BTC) and other smart contract platform tokens like Solana (SOL) for most of this year.
However, with Trump winning the Republican presidential nomination in the US, ETH has risen over 10% since yesterday. The token's rise has drawn attention to one of Ethereum's most innovative use cases to date—DeFi.

As candidates supporting cryptocurrencies gain overwhelming support in the U.S., and the Federal Reserve recently cut interest rates (with similar measures taken by major jurisdictions), the demand for Bitcoin (BTC) has surged. The U.S. is expected to follow El Salvador in accumulating Bitcoin to address the growing debt crisis.

As a result, institutional investors led by U.S. spot BTC ETF issuers continue to actively increase their Bitcoin holdings.
BlackRock leads in cash inflows
According to the latest market data, U.S. spot BTC ETF issuers recorded a net cash inflow of $1.38 billion on Thursday, the highest level since receiving historic approval earlier this year. BlackRock's IBIT recorded a net cash inflow of approximately $1.12 billion on Thursday and currently holds Bitcoin worth about $34.2 billion.

Binance Coin (BNB) has seen a 5% increase in its price over the past 24 hours, which suggests continued price gains. Having just crossed the $600 mark, BNB has attracted market attention for signs of bullish momentum.

However, data from CoinCheckup shows that BNB is trading about 20% below its expected price next month. If this trend does not change in the short term, this undervaluation could be a sign of near-term profit potential.
Binance Coin: Mixed sentiment and cautious optimism
BNB’s technical data shows that market sentiment is cautiously optimistic. The relative strength index (RSI) continues to remain around 50, indicating that market sentiment is balanced and will not be subject to significant pressure from buyers or sellers.

SHIB's price is expected to quadruple, following the trend of Dogecoin. In the past week, large investors have ramped up their SHIB holdings by as much as 7,000%, further supporting this speculation. The growing interest from large investors is interpreted as a positive signal for SHIB's future value appreciation.
Increase in whale numbers
Currently, the price of SHIB is approximately $0.00001880, reflecting a 0.6% decline in the past 24 hours. This decline mirrors the price trend of Dogecoin. During this election period, the price of SHIB has remained stable, but the recent large purchases by big investors have drawn attention, indicating the potential for price increases.