Ethereum Price Rally In Jeopardy? Key Supports To Watch Out In Short-Term
Ethereum price corrected lower below $2,050. ETH is now consolidating above the $2,020 support and might start a fresh increase in the
Read MoreEthereum price corrected lower below $2,050. ETH is now consolidating above the $2,020 support and might start a fresh increase in the
Read MoreMATIC price is down over 10% after the SEC’s lawsuit against Kraken mentioned MATIC as security. Polygon is under pressure and might
Read MoreIn a new technical analysis, crypto analyst Dark Defender has identified a bullish ‘Cup and Handle’ pattern on the XRP daily chart,
Read MoreBitcoin has shown some impressive strength above the $34,000 mark despite a high amount of profit-taking from short-term holders. Bitcoin Short-Term Holders Are
Read MoreWith almost all short-term Bitcoin holders now underwater, a “degree of panic is dominating this group,” Glassnode says. The Bitcoin (BTC) market sentiment has shifted towards the negative for the first time since the end of 2022. Almost 98% of short-term holders (STH) supply is now held at a loss, Glassnode
Read MoreBitcoin’s price action suggests that the asset remains in a precarious position, and a recent report from ARK Invest says that short-term Bitcoin investors had no choice but to capitulate in August, as the percentage of Bitcoin supply in profit fell by 14 percentage points. Bitcoin market sentiment and monthly valuation change in
Read More"Sharp upticks in short-term holder supply in loss tend to follow 'top heavy markets' such as May 2021, Dec 2021, and again this week," one observer said. Source
Read MoreThe latest report from Glassnode Insights, titled "The Week On-Chain," emphasized that Bitcoin (BTC) has reached historically low levels of volatility. This has led to a mere 2.9% separation between the asset's Bollinger Bands, indicating an exceptionally narrow trading range. This situation has only been observed twice in Bitcoin's history: in
Read MoreBTC recorded its highest daily active address count on 2 August. The recent increase in network activity, surge in loss-making transactions, and growing negative sentiment are all indicators of a short-term price rally for Bitcoin. The number of daily active addresses that trade Bitcoin [BTC] has surged in August, reaching a three-month
Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent data from Glassnode, an on-chain analytics firm, reveals that short-term holders (STHs) of bitcoin are currently posting more profits than losses, and are in green, “making money.” STHs are mostly traders, eager to clip bitcoin’s volatility
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