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đđ $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.
đđ $BTC Marathon Digitalâs 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.
đ $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.
đą $BTC The estimated leverage ratio across all crypto exchanges has reached a new yearly high, indicating Bitcoin traders are increasingly taking on more risk.
đ $BTC The Realized Cap - UTXO Age Bands chart displays the distribution of Bitcoinâs realized capitalization across various age bands. Key insights:
âȘïž Market Peaks: A rise in short-term UTXOs (1d ~ 1w, orange) often signals market tops as short-term holders cash out at high prices. âȘïž Accumulation Phase: An increase in long-term UTXOs (1m ~ 3m, purple) indicates accumulation, where investors hold their coins, anticipating future gains. âȘïž Current Cycle: We see signs of accumulation, but short-term activity also rises.
đ $BTC #AliMartinez : Typically, during a price uptrend, Bitcoin transaction volume increases, while it decreases in a downtrend. Currently, BTC transaction volume continues to decline, suggesting a price trend reversal hasn't occurred yet.
đđ€ $BTC #CryptoQuant : The bull rally will begin when the price rises above $69.5K, this level will trigger FOMO in the market, and everyone who previously made profits on Bitcoin will return, fearing to miss out on gains.