3️⃣ MicroStrategy and US spot ETFs each acquired approximately 200,000 BTC.
This shows a significant redistribution of BTC supply, with institutions and short-term investors stepping in to fill the gap left by long-term holders.
🥇 #BTC -- Long/Short-Term Holder Supply Ratio Drops to Cycle Low
According to data from Glassnode, BTC sell-offs have accelerated over the past 30 days, indicating a shift in market sentiment where holding BTC is no longer the default behavior for participants.
The Long/Short-Term Holder Supply Ratio has dropped to 3.78, marking the lowest point of this cycle. This highlights a significant shift in the balance between long-term and short-term holders in the market.
💰 #ETH -- Ethereum open interest on CME has reached a record-breaking 1 million ETH! This milestone highlights growing institutional interest and increased activity in the ETH derivatives market.
Recent market trends suggest that Ethereum (ETH) has indeed been on a bullish trajectory, with several factors contributing to its potential for further growth:
Record ETF Inflows: Ethereum ETFs have seen record-breaking inflows from institutional investors, indicating growing interest and confidence in the cryptocurrency. Stronger Preference Over Bitcoin: Investors seem to be favoring Ethereum over Bitcoin, as evidenced by the increasing ETH/BTC ratio and decreasing Bitcoin dominance. Bullish Sentiment: Options market data suggests a stronger bullish sentiment for Ethereum compared to Bitcoin, with traders positioning themselves for potential price appreciation. Technical Analysis: Ethereum has broken above key resistance levels and is showing strong momentum, suggesting further upside potential. However, it's important to note that the cryptocurrency market is inherently volatile, and price predictions are subject to various factors, including market sentiment, regulatory developments, and technological advancements.
While Ethereum's current trajectory appears promising, it's crucial to conduct thorough research and consider consulting with financial advisors before making any investment decisions.
For those how don’t know about #BURNGMT is a community-driven initiative to burn 500 million GMT tokens from the unlocked reserves of the GMT DAO. The goal is to reduce the circulating supply of GMT and increase its value. Voting on the proposal will be open to all GMT holders.
The total cryptocurrency market cap has reached a new all-time high after a decisive breakout from the super ascending triangle pattern, supported by significant volume. The Ichimoku Cloud signals strong bullish momentum, indicating the potential for further market-wide gains.
#BTC By monitoring the Fear and Greed Index, you can gain insights into potential market trends and make informed trading decisions. However, it's essential to combine this information with other technical and fundamental analysis tools for a comprehensive view.
#BTC Bitcoin's price is driven by hype and speculation rather than fundamental value. As market sentiment shifts, so too will its price, making it difficult to predict long-term trends. In my opinion #BTC will never touch 100K US$.
The current Crypto Fear and Greed Index for Bitcoin is 88, indicating extreme greed in the market. This suggests that investors are highly optimistic and bullish about Bitcoin and the broader cryptocurrency market.#BTC
#XRP , with its focus on cross-border payments and Ripple's strategic partnerships, holds the potential for significant price appreciation in the future, especially as the global financial landscape continues to embrace blockchain technology.
Given the escalating geopolitical tensions and uncertain regulatory landscape, particularly in the US, it's highly unlikely that Bitcoin will ever breach the $100,000 mark. The inherent volatility of the cryptocurrency market, coupled with the potential for increased government intervention, casts doubt on its long-term trajectory. #BTC
Последние новости криптовалют
⚡️ Участвуйте в последних обсуждениях в криптомире