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Bitcoin accumulation phase ends as ETFs fuel new $100K BTC price target. Bitcoin has emerged from a mass accumulation phase in the past month — a classic move ahead of parabolic BTC price upside. Bitcoin BTC tickers down $66,807 is ending a year-long accumulation spree that began at the end of the 2022 bear market, data suggests. Figures from on-chain analytics firm Glassnode show BTC in accumulation addresses declining for the first time since the first quarter of 2023. Bitcoin hitting all-time highs this week may have sparked an instant sell-off, but behind the scenes, hodlers are already busy taking profits. Glassnode shows that coins held in so-called “accumulation addresses” — wallets with no outgoing transactions and at least two “non-dust” inbound ones — are dropping. Beginning Feb. 11, the turnaround began breaking with a year-long tradition and came as BTC/USD returned to $48,000 — the top of a key long-term trading range. Since then, accumulator balances have fallen 2.6% to 3,176,293 BTC ($212 billion) and show no sign of reversing. 👇👇👇👇 FOLLOW FOR MORE #Henrybackup #Write2ern #Write2Earn‬ $BTC $ETH $BNB

Bitcoin accumulation phase ends as ETFs fuel new $100K BTC price target.

Bitcoin has emerged from a mass accumulation phase in the past month — a classic move ahead of parabolic BTC price upside.

Bitcoin BTC tickers down $66,807 is ending a year-long accumulation spree that began at the end of the 2022 bear market, data suggests.

Figures from on-chain analytics firm Glassnode show BTC in accumulation addresses declining for the first time since the first quarter of 2023.

Bitcoin hitting all-time highs this week may have sparked an instant sell-off, but behind the scenes, hodlers are already busy taking profits.

Glassnode shows that coins held in so-called “accumulation addresses” — wallets with no outgoing transactions and at least two “non-dust” inbound ones — are dropping.

Beginning Feb. 11, the turnaround began breaking with a year-long tradition and came as BTC/USD returned to $48,000 — the top of a key long-term trading range.

Since then, accumulator balances have fallen 2.6% to 3,176,293 BTC ($212 billion) and show no sign of reversing.

👇👇👇👇

FOLLOW FOR MORE #Henrybackup

#Write2ern #Write2Earn‬

$BTC $ETH $BNB

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New users flock to Ethereum while long-term holders are less active than ever. Long-term holders of ether, the currency of the Ethereum blockchain, appear to be holding on tighter than ever before. According to data from The Block, the active supply of ether, or the supply that has been moved from one wallet to another within certain time periods, is currently at a historical low point for periods of one year or longer. The active supply over 30- and 90-days is also near all-time lows, having fallen over half from their peaks. While the supply of ether active within one year has declined over the past twelve months by about 9%, the supply of active bitcoin, after also hitting a record low, staged a recovery to end the period with a gain of around 1% in one-year active supply. Bitcoin's recovery greatly reduced the large gap that once existed in active supply between the two top cryptocurrencies by market cap. While long term Ethereum users appear to be showing low activity, with enthusiasm around Base reaching record levels, new users appear to be flooding into the Ethereum ecosystem. Last month, Ethereum added 3.66 million new addresses, the highest level since November 2021, the month of FTX's collapse. Ethereum also underwent the Dencun upgrade last month, introducing "blobs" in order to lower Layer 2 network transaction costs. 👇👇 FOLLOW #Henrybackup #Write2Earrn $BTC $ETH $BNB
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Top Three Meme Coins With Low Risk for Newbies: Dogecoin (DOGE), Shiba Inu (SHIB), Hump (HUMP). Memes have grown in importance in the constantly changing cryptocurrency market. Because of their distinctiveness and widespread appeal among social media users, these coins frequently pique the interest of new investors. For novices, it’s crucial to select low-risk meme coins, though. We’ll talk about the top three beginner-friendly meme coins in this article: Dogecoin (DOGE), Shiba Inu (SHIB), and Hump (HUMP). 1. Dogecoin (DOGE ) One of the most well-known meme coins available on the cryptocurrency market is Dogecoin. Originally intended to be a joke, Dogecoin garnered enormous popularity on social media and in the cryptocurrency community very rapidly. Dogecoin began as a joke, but it has since developed into a well-known resource with a vibrant community. Beginners find Dogecoin appealing because of its inexpensive price, which enables them to invest in big quantities of the coin at a reasonable cost. To further enhance its usefulness, Dogecoin is now accepted as payment at a number of online stores. 2. Shiba Inu (SHIB) Another meme coin that has drawn interest from a large number of new investors is Shiba Inu. Shiba Inu is inspired by a particular dog breed, just as Dogecoin. Shiba Inu was introduced in 2020 and rapidly became well-known because of its affordable costs and significant profit margin. The idea of “decentralized meme tokens,” in which a vibrant community contributes to the creation and expansion of this project, is one of the intriguing aspects of Shiba Inu. Token holders develop a strong sense of ownership as a result, which may boost community involvement. 3. Hump (HUMP) The newest meme coin that has drawn interest from a large number of new investors is called Hump. Hump is a very young project, but it has some respectability because it is featured on CoinGecko and CoinMarketCap (CMC). 👇👇👇 FOLLOW #Henrybackup #Write2Earnn $BTC $DOGE $SHIB
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Solana dips by 6.5%; Rebel Satoshi aims to dwarf Dogecoin. Rebel Satoshi (RBLZ) is aiming to establish itself as a top meme coin contender, dwarfing established players like Dogecoin (DOGE). In the dynamic world of cryptocurrencies, market movements often send ripples across the entire landscape, impacting both major players and emerging contenders. One such recent development revolves around Solana (SOL), a blockchain platform known for its high throughput and low transaction costs, which experienced a notable 6.5% drop amidst broader market turmoil. As investors assess Solana’s next steps, another intriguing narrative unfolds in the meme coin space. Dogecoin faces the risk of being outpaced by Rebel Satoshi (RBLZ), a rising star built on the Ethereum network. Let’s delve into these developments and explore the potential implications for both Solana and Dogecoin, as well as the growing prominence of Rebel Satoshi. Solana’s recent downturn Solana’s recent decline, reflecting broader market sentiment influenced by Bitcoin’s downturn, underscores the interconnected nature of the cryptocurrency ecosystem. Despite Solana’s strong fundamentals, including its efficiency and scalability, technical indicators show signs of divergence, indicating a potential shift in market sentiment. While longer-term moving averages remain bullish, short-term indicators suggest immediate downward pressure. This prompts investors to evaluate Solana’s next steps amidst ongoing market volatility carefully. 👇👇👇 FOLLOW #Henrybackup #Write2Earnn $BTC $SOL $DOGE
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Top Alt Picks For The Coming Year: Dogecoin, Octoblock, And NEAR Protocol. Dogecoin, Octoblock, and NEAR Protocol are the top altcoins to watch as they command attention with growth potential and immense adoption in the crypto market. Near Protocol: Gearing Up For A Rally? The Near Protocol price at $6.87 shows a downward trendline and a break above this trendline may signal a faster upward movement. The NEAR price prediction suggests that if it can surpass the trendline and breach the resistance level of $7.00, it would signal the start of a rally. The recent rise in NEAR Protocol token value stemmed from NEAR Protocol’s participation in Nvidia’s AI conference, which offers partnership opportunities, thus boosting the NEAR price rise. However, if the conference impact fails the test of investor confidence, NEAR’s recent gains could dampen, and its token price may fluctuate. Dogecoin Millionaire: Fact or Fiction? The stories of people making millions off cryptocurrency abound, and the tale of the Dogecoin millionaire is amazing. Dogecoin, the largest old meme coin full of fun and celebrity endorsements, shot up by a humongous 7500% in 2021, and one investor who invested $250,000 became almost instantly a Dogecoin millionaire. However, the Dogecoin price has declined significantly over the past years, bringing losses to many investors. One lesson to learn from the Dogecoin millionaire is the timing. Investing early in ICOs of credible projects like Octoblock can make one a crypto millionaire. 👇👇 FOLLOW #Henrybackup #Write2Earn‬ $BTC $SOL $DOGE
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Australian Asset Management Firm Transfers Bitcoin ETF Application to Cboe Australia. Monochrome Asset Management, an Australian investment management firm, has transferred its bitcoin exchange-traded fund (ETF) application to Cboe Australia. This move aligns with Monochrome Asset Management’s objective of broadening its footprint in Asian markets. Monochrome’s Commitment to Investors Evident in Application Transfer Monochrome Asset Management, an investment management firm based in Australia, announced on April 5 that it had transferred its application for its flagship bitcoin exchange-traded fund (ETF) to Cboe Australia. The firm views this move as a testament to its “commitment to providing investors with secure, accessible, and innovative investment products.” In a statement, Monochrome expressed that moving the application to Cboe Australia, an alternative trading platform to the Australian Securities Exchange, is in line with its objective of expanding its presence in Asian markets. 👇👇👇 FOLLOW FOR MORE #Henrybackup #Write2Earn‬ #Write2Erarn $BTC $ETH $BNB
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