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The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s … Read more
Bitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Bitget and Nansen Highlight Community’s Role in Token Price Forecasting Researchers from the crypto exchange Bitget, and Nansen, … Read more
The lack of retail participation is suspected of dropping Bitcoin wallet activities as celebrity memecoins attract speculators away from more established cryptocurrencies. Go to Source
As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million … Read more
Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims. Go to Source Powered by WPeMatico
Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency. Go to Source Powered by WPeMatico
BTC price is showing slight bullish momentum, leading on-chain analysts to present potentially bearish and bullish data-based scenarios. Go to Source Powered by WPeMatico
While demand for Bitcoin remains high, current profit-taking behavior suggests that the market may be on the verge of turning bearish. Go to Source Powered by WPeMatico
The current speculative trend and Ethereum’s price premium suggest that the altcoin’s price could more than double over the next 7 weeks. Go to Source Powered by WPeMatico
Bitcoin on-chain data reveals that speculators and long-term holders have become increasingly confident of higher prices as their selling activity has slowed down significantly. Go to Source Powered by WPeMatico
