Binance Stablecoin Inflow Hits an All-Time High of $10.2 Billion Over the Last 30 Days 💰
Over the past month, Binance has seen a significant $10.2 billion stablecoin inflow, highlighting the platform's central role in the crypto trading ecosystem. This surge shows the increasing reliance on Binance for a range of trading activities, including buying Bitcoin and altcoins, and participating in futures markets.
Stablecoins like USDT and USDC are essential for traders, acting as a stable bridge between fiat currencies and crypto assets. These funds are used for:
MVRV Ratio Insights: How to Navigate Bitcoin’s Bull Market With a Balanced Strategy
As Bitcoin continues to set new all-time highs, most investors are now in profit. The once skeptical sentiment toward the bull market is shifting to optimism, and several on-chain metrics are painting a very positive picture for further upside.
Among these metrics, I’d like to discuss one of the most commonly used by investors: the MVRV ratio.
The MVRV ratio is calculated by dividing Bitcoin’s market cap by its realized cap. Historically, values below 1 indicate a market bottom, while values a
The DERIBIT Options Exchange Has Seen a Massive Outflow of 233,000 Bitcoins and 233,000 ETH.
The charts illustrate the netflows of Ethereum and Bitcoin on Deribit Options Exchange, emphasizing notable outflows to cold wallets:
1. Ethereum: A transaction involving 233,000 ETH was sent to Deribit's cold wallet, with an average price of $3,350, amounting to a value of $783,000,000.
2. Bitcoin: A total of 31,000 BTC was transferred to a cold wallet at an average price of $98,000, resulting in a value of $3,038,000,000.
Such significant withdrawals may suggest Deribit's confidence or a st
The DERIBIT Options Exchange Has Seen a Massive Outflow of 233,000 Bitcoins and 233,000 ETH.
The charts illustrate the netflows of Ethereum and Bitcoin on Deribit Options Exchange, emphasizing notable outflows to cold wallets:
1. Ethereum: A transaction involving 233,000 ETH was sent to Deribit's cold wallet, with an average price of $3,350, amounting to a value of $783,000,000.
2. Bitcoin: A total of 31,000 BTC was transferred to a cold wallet at an average price of $98,000, resulting in a value of $3,038,000,000.
Such significant withdrawals may suggest Deribit's confidence or a st
Altcoin Season Begins, Confirmed By ETH Transactions and Velocity
While Bitcoin has rallied significantly since Trump's election, Ethereum has seen relatively small gains. In a related note, Ethereum's historical circulating velocity and transaction growth may provide some hints about the altcoin's season rally.
Velocity is calculated by dividing the total amount of coins moved in a year by the total supply, indicating how quickly coins circulate in the market. Past cycles show that when we see a parabolic rise, we also see an increase in circulation velocity
XRP, a cryptocurrency beloved by Koreans, had 6.6 billion tokens stored on Upbit. Over the past few weeks, Upbit took profits on approximately 400 million XRP (worth $400M) during the rally. It seems like Koreans, who have waited patiently for a long time, might finally be reaping the rewards. Unlike in 2017, could this time bring a happy Christmas for Koreans? Or are they missing out on an even greater profit opportunity?
Currently, miners are operating their mining rigs more actively than ever before.
After the halving in April 2024, there was a noticeable decrease in hashrate, but with the replacement and upgrading of existing mining equipment, the hashrate began to trend upwards starting in July.
In particular, it seems that mining activity in the United States has been increasing, partly due to the strengthening position of Bitcoin, especially influenced by Trump.
Aside from the period when Alameda Research was Tether's largest customer (before 2022), the pattern of large amounts of ETH Tether being minted right before a 'buy the dip' scenario still holds true today. This includes significant chain-swaps (e.g., Tron USDT to ETH USDT) as well as outright minting.
The reason behind this is unclear. It could be purchasing USD with USDT, or simply a 'market-making thing.' The important point is that this indicat
Should We Be Worried About the Spot Trading Volume Surge on Binance ?
When spot trading volume surges, it could signal the beginning of an euphoric phase or even FOMO. These spikes often correlate with the crypto market cap reaching or approaching all-time highs.
The recent surge in spot trading volume (60B) on Binance occurred on November 12, coinciding with the crypto market cap nearing its previous ATH.
However, trading volume has since decreased by half meanwhile the total crypto market cap enters price discovery mode.
Bitcoin Sees Best November Gains Since 2020 Amid ETF Inflows 💪
November 2024 has so far recorded a 34.17% price increase, making it the best November performance since 2020. While the monthly close is still pending, it is highly likely to end on a very positive note. This follows a strong February earlier this year, which saw an even larger monthly increase of 43.86%. Both months stand out as key highlights in a year where Bitcoin spent much of its time trading sideways within the $50k–$70k range.
🤑 Patoshi Reached Net Worth of $101.3B+, Becoming World's 13th Richest Individual
Patoshi is grinding into the list of World's Most Whealty Individuals. The stack of 1,096,160 BTC keeps growing in value because of the increase in Bitcoin price. The Total Value of His BTC stack is now $101.3B, becoming Worlds 13th Richest Individual on Earth.
In recent days, Patoshi’s wealth has surpassed figures like Michael Dell of Dell Technologies and Jim & Rob Walton of Walmart. Up next on the list are names such as Amancio Ortega and Michael Bloomberg (yes, the one from the trading term
The price of Bitcoin has been reaching new records every day. As it continues to increase, the realized price is also rising, currently standing at $34,700. I am uncertain about how much further it may rise. If it were to surpass $50,000 this season, I anticipate that the price could reach between $250,000 and $300,000. What are your thoughts on this? Do you believe it is possible? In my view, such a scenario is plausible.
Ethereum's open interest has surpassed its previous ATH (all-time high) , exceeding the $13 billion mark—an increase of over 40% in the past four months. This surge highlights growing engagement in Ethereum's derivative markets.
Currently, funding rates are moderately positive, signaling a prevailing dominance of long-position traders. This suggests a market sentiment favoring upward price movements in the short term.
Additionally, Ethereum's estimated leverage ratio, calculated by dividing th
Ripple (XRP) on Binance Sees the Higest Spike in Netflow TxCount in 18 Months
Ripple (XRP) on Binance sees the deepest spike in Netflow TxCount in 18 months
This chart shows the TxCount Netflow, which is the difference between the amount of deposit transactions and withdrawing transaction of XRP on Binance. The spikes in red, such as the recent one, shows that there are more deposit transactions than withdrawing transactions. The green color represent more withdrawing transaction, than deposit transactions.
There is a recent spike of 470 (30DMA). This means that there h
UTXO Realized Price Secrets: the Hidden Levels Driving Market Moves
UTXO Realized Price Age Distribution highlights realized prices across different age bands, offering insights into holding behaviors. The realized price is calculated as Realized Cap divided by total supply, helping to identify trends among long-term holders and recent buyers.
In bull markets, a common tactic is to amplify fear among small investors to prompt panic selling. Realized price levels for 1-month and 3-month periods often act as critical testing zones during market corrections.
Bitcoin Whales' Accumulation: Impact on Price and Risks
In the cryptocurrency market, large-scale investors known as "whales" play a critical role in Bitcoin price movements. Addresses holding between 1,000 and 10,000 BTC are key indicators of market trends, making their behavior essential for predicting price directions.
According to recent data, whales continue to accumulate Bitcoin. The positive 30-day percentage change stands out as one of the key metrics supporting this accumulation. Furthermore, the correlation between Bitcoin’s price and whal