First time in over a year, Ethereum spot trading volume is greater than Bitcoin’s, reported CryptoQuant on Wednesday. Last week, ETH spot trading hit $25.7 billion compared to $24.4 billion for Bitcoin, it added, noting that this pushed the ETH/BTC spot volume ratio above 1 for the first time since June 2024. “Investors are rotating…
Bitcoin’s most recent rally has sparked investor conviction rather than the sort of panic selling seen in previous bull cycles. Key on-chain metrics show a surprising trend: major holders aren’t moving their crypto to exchanges despite prices hovering just below all-time highs. The Confidence Signal According to a July 23 post by CryptoQuant analyst Arab…
Binance’s unrealized profit on its Bitcoin reserves has reached an all-time high of around 60,000 BTC. The latest data revealed that Binance’s BTC reserves have been on a steady decline since September 2024, from approximately 631,000 BTC to 574,000 BTC, even as the crypto exchange’s unrealized gains on these holdings continue to climb. Bitcoin Reserves…
Bitcoin continues to try to take down the $120,000 level, but the resistance is too strong for now, and the asset has slipped by two grand since its peak earlier today. In contrast, several altcoins have posted impressive gains over the past day, including BNB, which shot up to a new all-time high of $800….
Since hitting its all-time high (ATH) over a week ago, bitcoin has been consolidating. Analysts at the crypto exchange Bitfinex say the asset’s structural strength remains intact; however, the bull market is entering a more delicate and reactive phase. According to the weekly Bitfinex Alpha report, the market is seeing a natural rotation between bitcoin…
Bitcoin has entered a sideways corrective phase, with investors taking profits and rotating capital into the altcoin market. As BTC cools off, the stage may be set for a potential altcoin rally in the coming days. Technical Analysis By ShayanMarkets The Daily Chart After facing strong resistance at the $123K level, Bitcoin has entered a…
Following bitcoin hitting its current all-time high (ATH), long-term holders (LTHs) have been collecting profits. This comes as the cryptocurrency consolidates to cool off from the latest rally. The intensity of profit-taking from LTHs raises speculation that the market may have reached a peak for this cycle. However, Gaah, a pseudonymous analyst at the market…
Bitcoin is currently trading above $118,000, and while it hasn’t yet been able to reclaim last week’s all-time high, the asset is still almost 15% up over the past month. Despite the ongoing bullish sentiment, retail investors are still offloading Bitcoin on Binance as evidenced by a surge in retail inflows that aligns with signs…