Following the U.S. election, Bitcoin has demonstrated a notable bullish trajectory, while Ethereum has so far struggled to match this momentum and failed to make a new all-time high. Nevertheless, despite the recent market correction, Ethereum continues to present several bullish indicators that suggest traders remain optimistic about its profit potential.
Firstly, Ethereum’s Estimated Leverage Ratio—which indicates investors’ propensity to take on high leverage in derivatives trading—remains a
Stablecoins Supply on TRON Stabilizes At $62 Billion! 🚨
After consistent growth in recent months, the total supply of stablecoins on the TRON blockchain has stabilized at $62 billion USD, signaling a pause in the minting of new units. This stability reflects a moment of balance in the market, where the demand for stablecoins matches the existing supply.
This behavior can be interpreted as:
The stablecoin market reaching maturity within the TRON ecosystem.
A possible decline in new capital inflows into the sector.
Bitcoin: Long-Term Holder SOPR (Spent Output Profit Ratio) is a metric that shows whether long-term Bitcoin holders (usually those holding for more than 155 days) are selling at a profit or a loss. With this metric, we can analyze the impact of long-term investors on the market.
The chart shows the SOPR ratio of Bitcoin’s long-term holders (purple line) and price movements (white line). SOPR > 1 generally indicates that sales are made at a profit, while SOPR < 1 shows sales at a loss.
According to the BTC Smart DCA indicator, Bitcoin has entered another favorable zone for implementing a DCA strategy.
This chart compares Bitcoin's average price with its short-term realized price (over 1 week to 1 month), effectively identifying optimal buying opportunities.
Employing a DCA strategy helps mitigate the impact of volatility and reduce associated risks, making it a prudent approach depending on market conditions
This tool, when used alongside an understanding of broader market
Short-term investors being in loss means they lack success stories to share with others, which limits the influx of new investors and the potential for a hype-driven market surge.
Binance Recorded Its Biggest Stablecoin (ERC20) Outflow !
We have recently observed the largest stablecoin outflow from Binance to date. As Bitcoin's trading price hovered around $100K, the total stablecoin outflow reached $900M, with additional outflows continuing on December 18th and 19th.
Stablecoins leaving exchanges often indicate that investors are securing profits and have no immediate plans to re-enter the market, which can be interpreted as a bearish signal in the short-term.
Looking back to early November, however, we saw significant stable
Investors who bought Bitcoin in the last 6 months have made excellent profits. According to STH Realized price, the average purchase price for these investors is approximately $83,800.
Currently, Bitcoin's price is $97,000 and remains stable, even though these investors are in profit, they expect better prices.
The average purchase price for these investors serves as a strong support level for Bitcoin. In case any negative news appears in the markets, it will be the strongest buying point.
Ethereum Futures Market Reset: Funding Rates Cool After $4K Rejection
Ethereum's failure to reclaim the $4K threshold triggered significant liquidations in the futures market, followed by a flash crash that appears to have substantially cooled the market sentiment.
The chart illustrates the funding rates metric, a reliable indicator of futures market sentiment. While Ethereum's aggregate funding rates saw a sharp spike last week, the rejection at $4K led to substantial liquidations, bringing funding rates back to levels conducive to a bullish trend.
The NUPL Indicates That Bitcoin Is in Its Final Run Stages, With a Target Range of $130K-$160K.
As you can see from the chart, the net unrealized profit/loss index is forming a cup-and-handle technical pattern, which is expected to push Bitcoin into the target range of 130,000-160,000. In addition, in November 2024, Bitcoin successfully broke through the NUPL index's 365-day MA, which is also an optimistic signal in the medium and long term.
There Is a Clear Correlation Between Bitcoin Price Action and Stablecoin Market Cap.
Once again, there is no denying the strong correlation between Bitcoin price action and the stablecoin market cap. As you can see from the chart, every time the 60d market cap change values peak, Bitcoin also peaks locally or globally. In this case, the encouraging factor is that the 60d market cap change has not fallen below its 60-d change-SMA, which indicates that the current correction is a knockout of weak hands from the market and a logical cooling before the further run.
At first glance, the sell-side liquidity, in real terms, suggests that Bitcoin has reached its peak. Is this really so? I believe Bitcoin will get its first peak in March-April 2025 in the target range of 130,000-160,000, and the total capitalization of the crypto market will be about 5-5.5 trillion $.
Sell-side liquidity inventory in real terms indicates that we are already close to the top, but its 30-day change supports the thesis that we still have room for growth by the spring of 2025.
Recently, one of the most talked-about metrics in the Bitcoin (BTC) ecosystem has been exchange netflow data. This chart shows the net Bitcoin flows across all exchanges (Exchange Netflow) and how the price (Price USD) reacts to these flows. Let’s break this down in a simpler and friendlier way.
Looking at the chart, it’s clear that Bitcoin outflows from exchanges are dominating. This suggests that investors are moving their Bitcoin to long-term storage wallets, indicating reduced selling press
In the past few days, after Bitcoin’s price surged to over 107K, we observed a price drop. This raises the question of whether we are witnessing the end of Bitcoin’s bullish trend. I believe this is not the case, and Bitcoin will continue its upward trend after this correction. One of the reasons for this is monitoring the behavior of old whales. As happened in the previous cycle, at the ATH of the new cycle, we should expect to see Bitcoin inflow into exchanges from old whales and the selling o
Tron’s Stablecoin Supremacy: 97% of Transfers Belong to USDT
Tron has solidified its position as a dominant blockchain network, particularly in the realm of stablecoins. Recent data analysis shows that 97% of Tron’s token transfer activity is attributed to stablecoins, with Tether (USDT) leading the charge. This metric underscores Tron’s critical role in powering the global movement of stablecoins and its emergence as the go-to network for seamless, low-cost transactions.
Tron: A Hub for Stablecoins
Stablecoins like USDT, which provide the stability of
Binance's Largest Spot-perpetual Price Gap Ever: a Buying Opportunity ?
The Binance Spot-Perpetual Price Gap has recently turned highly negative, reflecting a shift in sentiment as derivative traders turn bearish in the short term.
This selling pressure from the derivatives market has resulted in the largest Spot-Perpetual price gap ever recorded, reaching -59.14 USD.
This shift in investor behavior can be linked to recent U.S. macroeconomic data released by the FED, including projections for future rate cuts and inflation expectations.
The current correction is due to macroeconomic factors, which can be seen as a process of unwinding the premium built into coins, stocks, and commodity markets as the pace of interest rate cuts next year may not be as fast as expected. Therefore, in the short term, macroeconomic factors may have a relatively larger impact on prices.
On the other hand, looking at #Ethereum's Accumulation address holdings, we can see a dramatic increase since August, amounting to 16% (19.4M ETH) of the total supp
Following the Fed Meeting, Bitcoin's Open Interest (OI) Metric Saw a Notable Decline of $3 Billion
Following the Fed meeting, Bitcoin's Open Interest (OI) metric saw a notable decline of $3 billion, dropping from $33 billion to $30 billion. This drop came in the wake of Powell's hawkish tone during his speech, which heightened uncertainty and volatility in the markets. During the same period, the VIX (Fear Index) surged sharply, reflecting the increased anxiety among market participants.
This data indicates that significant liquidations occurred in the futures market, leading to a slight coo
Centralized Exchange Leverage Risk on the Midst of the Upcoming Bull Run
We assess the leverage levels of various crypto exchanges to evaluate their liquidity, default risk, and the extent to which their perpetual futures trading activity is backed by their crypto reserves.
Our analysis calculates the leverage ratio—open interest relative to total reserves—to gauge the degree of leverage employed by traders and the financial health of each exchange. A high leverage ratio may indicate potential liquidity risks.
Binance stands out among major exchanges for maintainin