Bitcoin deposits on Binance, the world’s largest cryptocurrency exchange, have surged to their highest levels in recent months. This triggers an analysis that suggests a potential rise in selling pressure for the leading digital asset. Possible Reasons: Funds Poised for Sell-Off CryptoOnchain, a CryptoQuant analyst, reported Friday that rising Bitcoin exchange balances point to three…
HBAR has been experiencing sideways movement recently, remaining rangebound between $0.244 and $0.271. The price has struggled to break out, largely due to mixed cues coming from both the broader market and investor sentiment. The altcoin’s inability to show decisive price action reflects uncertainty among holders. Hedera Investors Are Selling The Chaikin Money Flow (CMF)…
Pi Network’s performance has been underwhelming, even in a broader bull market. While many cryptocurrencies are reaching record highs, Pi Coin (PI) fell to an all-time low earlier this month, reflecting a significant loss of investor confidence. Though it boasts an ambitious community-driven model and a user base exceeding 60 million, several indicators point to…
Ethereum corrected by over 2% in the past 24 hours, briefly dipping below $4,500 before rebounding to trade above $4,600. The drop came amid a broader crypto market slide that erased over $240 billion in value and triggered nearly $1 billion in liquidations. Yet, despite the heavy selling pressure, Ethereum’s on-chain and technical signals suggest…
Ethereum’s ascent to dominance wasn’t due to a single codebase, but rather the power of diverse clients and the resilience from independent development. SSV Network is now applying this philosophy with the launch of Anchor, a Rust-based Distributed Validator Technology client created in partnership with Sigma Prime, a renowned Ethereum development team. Anchor is an…
SKALE (SKL), the native utility token of the SKALE Network, has experienced a remarkable 145% price surge in August. Furthermore, its trading volume exceeded $900 million yesterday, marking a major milestone. Amid this surge, SKALE’s Chief Technology Officer (CTO) has raised concerns about the sustainability of the trading behavior. SKALE’s (SKL) Price Surges in August:…
Leading cryptocurrency Bitcoin has witnessed heightened volatility this week, marked by sharp price swings and fresh record highs. Just yesterday, the coin surged to a new all-time high of $123,731 before retreating. Now trading at $119,937, the asset has pulled back by roughly 4% from its peak. However, despite these fluctuations, on-chain data has revealed…
After a heated four-day run, the cryptocurrency market has taken a breather, with total market capitalization dropping 4% in the last 24 hours. Despite the broader pullback, Aerodrome Finance’s native token AERO has emerged as the top gainer, climbing 4% on the day. However, on-chain metrics reveal that this uptick is largely driven by speculative…
Bitcoin recently formed a new all-time high (ATH) of $124,474, before experiencing a 3.5% decline in the last 24 hours. This drop follows a trend observed by CryptoQuant data, indicating that whales (large holders) may be selling their positions. The selling activity is directly affecting Bitcoin’s price as it moves from the ATH. Bitcoin Whales…
The crypto derivatives market is facing a major test today as over $6 billion in Bitcoin (BTC) and Ethereum (ETH) options expire. Today’s expiring options sets the stage for strategic repositioning among traders and potential heightened volatility into the weekend. Bitcoin, Ethereum Options Expiry Looms with Over $6 Billion at Stake Data on Deribit shows…