Weak Institutional Demand Dampens Ethereum’s Growth Prospects
The Coinbase Premium Gap index for Ethereum has turned negative, indicating weak demand from American institutional investors.Glassnode is a blockchain data and intelligence platform providing insights into cryptocurrency markets.
Weak Institutional Demand Dampens Ethereum’s Growth Prospects
The Coinbase Premium Gap index for Ethereum has turned negative, indicating weak demand from American institutional investors.
Bitcoin’s Short-Term Holders Face Losses
New investors in the leading cryptocurrency are incurring losses as the asset has been trading below their average entry price for over a month.
Corporate Bitcoin Holdings Surpass 1 Million BTC
Since January 2023, public and private companies have increased their reserves in the leading cryptocurrency by 448%. The volume of coins on their balance sheets has risen from 197,000 BTC to 1.08 million BTC.
Bitcoin’s Current Pattern Mirrors 2022 Dynamics, Glassnode Analysts Say
Glassnode says bitcoin now mirrors early 2022, with a quarter of supply underwater and weakening demand, even as capital inflows remain positive.
Analysts Report a Drop in Bitcoin Volatility
On December 3, the price of the leading cryptocurrency rose to approximately $93,800. Analysts attributed the positive trend to a record inflow of funds and a decrease in volatility.
Glassnode Refutes Bitcoin’s Bottoming Out
Following Bitcoin's drop below the $94,000 level earlier this week, traders have been actively purchasing short-term put options with a strike price of $75,000. This trend was noted by Glassnode.
Investors record the heaviest losses since the FTX collapse
Realised losses in bitcoin have surged to levels last seen during the FTX collapse, Glassnode said.
Glassnode pinpoints threshold to halt the bear trend
Bulls must quickly push bitcoin back to the level at which 75% of coins are in profit—historically the only condition that has halted a bearish reversal.
Dragonfly partner calls the current correction ‘minor’ and urges calm
The current decline in the crypto market is far milder than the 2022 crisis, said Dragonfly partner Haseeb Kerem.
Options market split on bitcoin’s outlook
Market participants are unsure whether bitcoin will test new highs before year-end, QCP analysts said.We use cookies to improve the quality of our service.
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