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.
📊🐶 $DOGE If you're anticipating a Dogecoin breakout, keep in mind the key resistance level at $0.11, where 23,400 addresses are holding ~31 billion DOGE.
📊 $BTC #Matrixport : Bitcoin Rally Fueled by Spot Buying as Futures Traders Hesitate.
Despite Bitcoin's 10% rally over the past week, the funding rate has turned negative, indicating that the rally is being driven by actual Bitcoin buying in the spot market rather than leveraged trading in the futures market.
If prices continue to rise, futures traders are likely to turn bullish, pushing the funding rate positive and potentially driving prices even higher.
📊 $BTC #CryptoQuant : A bullish pattern has formed in the futures market for growth, and in this cycle, four out of four times, it resulted in an upward movement.
The index has a high correlation with the price, at 89%.
📊👀 $ETH Key support for Ethereum lies between $2,290 and $2,360, where 1.90 million addresses hold ~52.30 million ETH. If this demand zone breaks, we could see a sell-off driving ETH toward $1,800.
📈👀 $BTC Marathon Digital’s Bitcoin holdings hit an all-time high of 26,200 BTC. They recently added 5,000 BTC in just a month. Their holdings are now worth $1.5 billion.
📊 $BTC #NYDIG : Despite bitcoin's sideways trend over the past few months, its current price remains higher than it was following the 2020 halving (halving 3) and is only slightly below its position after the 2016 halving (halving 2).
We are entering the period of the cycle where bitcoin has typically had some of its best returns, if the past 2 cycles are any guide.
🎢 $BTC The estimated leverage ratio across all crypto exchanges has reached a new yearly high, indicating Bitcoin traders are increasingly taking on more risk.
📊 $BTC The Realized Cap - UTXO Age Bands chart displays the distribution of Bitcoin’s realized capitalization across various age bands. Key insights:
▪️ Market Peaks: A rise in short-term UTXOs (1d ~ 1w, orange) often signals market tops as short-term holders cash out at high prices. ▪️ Accumulation Phase: An increase in long-term UTXOs (1m ~ 3m, purple) indicates accumulation, where investors hold their coins, anticipating future gains. ▪️ Current Cycle: We see signs of accumulation, but short-term activity also rises.