Ethereum Matches Post-FTX Supply Bottom
Ethereum’s recent drawdown sees a major share of $ETH supply held at unrealized loss, nearing post-FTX levels, signaling potential seller exhaustion. #Update #Crypto $ETH
Glassnode
Bitcoin Stabilizes but Capital Flows Weak
Bitcoin rebounds from $60,000, but @Glassnode warns capital flows remain weak, suggesting stabilization rather than a trend reversal. Traders watch for stronger demand signals. #Update #Crypto $BTC
Bitcoin Whales Surge Adding $700M
Bitcoin whales moved 11,000 BTC off exchanges, valued at $700M, as traders monitor seller-exhaustion metrics for market stability signals. #Update #Crypto $BTC
Bitcoin Needs Key Event for Recovery
Glassnode’s lead analyst highlights that a massive Bitcoin supply above $80,000 may need to shift down for sustained recovery. Current price is around $63,200. Crypto $BTC
Bitcoin Targets $78K Glassnode Cautions
Bitcoin trades near $74,000, 5.2% below the True Market Mean of $78,100. Glassnode flags rising profit-taking and cautious derivatives positioning, urging caution for a sustained rally. #Update #Crypto $BTC
Bitcoin Surges 10% Key Levels Ahead
Bitcoin surged 10% this week, reaching key resistance levels. Analysts suggest monitoring $BTC price action for potential bullish continuation. #Update #Crypto $BTC
Bitcoin Buyers Acquire 850000 BTC at $60K-$70K
Bitcoin ($BTC) saw strong buying interest with 844,275 BTC traded between $60,000 and $70,000, indicating potential support below $70,000 as it recovers above this level. #Update #Crypto $BTC
Bitcoin Caution Rises After Breakout Failure
Bitcoin market caution rises as @Glassnode reports a failed breakout, indicating potential volatility. Analysts advise monitoring on-chain developments and whale activity closely. #Update #Crypto $BTC
Bitcoin Flashes Powerful Market Fractal
Bitcoin hits $75,000 as analyst Merlijn highlights a powerful fractal, predicting potential for $226,000 if $BTC holds above $62,000. Market conditions show stabilization. #Update #Crypto $BTC
Bitcoin Recovery Hinges on 50 Percent Profitability
On-chain analytics firm @glassnode notes Bitcoin short-term holder profitability under 50%, potentially impacting price recovery. $BTC attempts $72,000 after a 3% surge. #Update #Crypto $BTC
Bitcoin Options Steady as Panic Fades
Bitcoin options market shows reduced panic, but traders remain cautious. No significant price movements or whale activity reported. #Update #Crypto $BTC
XRP Mirrors April 2022 Market Trends
XRP slides below $1.60, nearing its Realized Price of $1.48, echoing April 2022’s bearish market structure, warns @glassnode. Support at $1.38 and $1.02 may be tested soon. #Update #Crypto $XRP
Bitcoin Needs Liquidity for Real Recovery
Bitcoin analysts emphasize the need for deeper liquidity before a real recovery can occur. This highlights ongoing challenges in the cryptocurrency market. #Update #Crypto $BTC
XRP Market Crashes Similar to 2022
Glassnode reports $XRP is reverting to a cost-basis pattern seen in February 2022, with new buyers accumulating below prior cohorts’ levels, potentially shaping sell pressure. Crypto $XRP