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.
📈🤔 $BTC The market is heating up, with the Fear & Greed Index flashing 'extreme greed.' But remember, during the last Bitcoin bull run, a similar sentiment—extreme greed—accompanied a rally from $15,000 to $57,000.
📊🌍 $BTC More than 60 publicly traded companies worldwide now collectively hold over 522,000 BTC. This trend reflects growing institutional interest in cryptocurrency as a store of value and a potential asset class.
Since the beginning of the year, Binance and Gemini have shown increases in their BTC reserves. While most СEXs are seeing declining reserves as a natural trend during periods of rising Bitcoin prices and increased market activity, Kraken and Bybit have experienced substantial decreases in their BTC holdings.
📊🤔 $BTC #Ecoinometrics : The US M2 money supply is growing. Historically, this has been positive for Bitcoin. However, the current growth rate remain below the pre-COVID levels.
This suggests that money supply expansion alone won’t drive exponential Bitcoin growth by itself in the near term.
📊🤔 $BTC #AliMartinez : Long-term Bitcoin holders have been booking profits as prices rose from $62,000 to $99,000, but this shouldn't be a reason to turn bearish and short the corn!
Notice that in every bull market, that's what long-term holders always do: they book profits!
📊👀 $BTC ’s top price target is $146K based on realized price valuation. This price band has historically marked cycle tops, including in April–May 2021.
📊📈 $ETH #CryptoQuant : Hedge funds' short positions on the CME have reached their highest point, while both long positions and #ETF demand have increased simultaneously.
📊👀 Historically, $BTC and $ETH have been highly correlated
But now, for the first time since the previous bull market, the trend-correlation score is taking a huge dive. And this correlation isn't breaking in Ethereum's favor.