We brings you the latest, real-time updates from the world of cryptocurrency. Stay ahead with breaking news on blockchain, market trends, and crypto events.
📊🤔 $LTC #IntoTheBlock : 78% of Litecoin addresses have held their LTC for over a year, typically accumulating during bear markets and selling near peak prices.
In this cycle, the slight decrease in long-term holdings is less marked than in past cycles, indicating that many holders are expecting further price growth.
📊🤔 $BTC 's price is directly and exponentially proportional to the square root of the number of halvings. A combination of adoption curve math and Metcalfe's Law puts Bitcoin's price well over $500,000 by the next halving in 2028. This implies an annualized rate of return of about 70%. Bitcoin should be sustainably above $1 million about 450 days after that.
📊🤔 IT Tech's analysis shows a rapid increase in altcoin long bias nearing peaks, with $SOL , #ONDO , and $APT displaying euphoria through ratio spikes. Meanwhile, $BTC 's Long/Short Ratio remains stable but lags behind, suggesting potential BTC price peaks and overleveraged altcoin markets.
The current altcoin euphoria signals a possible short-term correction and market reversal.
🎢🤔 $BTC 's NUPL (Net Unrealized Profit/Loss) has returned to 60% today. Historically, when NUPL surpasses 70%, it signals excessive market optimism, often indicating a potential correction.
📊👀 $BTC #CryptoQuant : The current nearest support level is $94.5K, which represents the average purchase price for short-term holders (STH) holding coins for a period of 1 week to 1 month.
At the $80.8K level lies the average purchase price for the entire STH cohort.
📈🤔 $BTC Whenever these blue lines intersect (2017 and 2021 bull markets), Bitcoin 2024-2025 has converged, with only a few exceptions (one of which was the COVID dump).
Today another waypoint was met, making a mockery of the skeptics that claim Bitcoin is a speculative asset that fluctuates randomly.
The next waypoint on this chart is $250,000 in May.
📊👀 $ETH There is nothing preventing Ethereum from reaching new all-time highs. The only modest resistance zone ahead is around $4,540. But as long as the $3,560 demand zone holds, the odds favor the bulls!
📈🥳 Bitwise: Weekly inflows into global crypto ETPs just hit the highest level on record as $BTC ETP inflows re-accelerate & $ETH ETP inflows hit new daily record high.
$3.98B have flown into global crypto ETPs over the past 5 days.
The analysis of the Richest Bitcoin Addresses won’t reveal who holds the most BTC, as funds can be spread across multiple wallets. However, we can see that thousands of Bitcoins are stored in CEX wallets, and thousands more have been confiscated by the U.S. government.