On-Chain Analysis | ForkLog

ForkLog 14 16.12.2024

Retail Investors Maintain Faith in Bitcoin Bull Run

The number of Bitcoin wallets with balances under 1 BTC is expected to rise by 8.67% in the near future, as small investors continue to accumulate coins following the price breakthrough of $100,000, according to CryptoQuant. The average number of addresses holding less than 1 BTC currently stands at 323K (with BTC priced at $101K). […]

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ForkLog 30 12.12.2024

Glassnode Charts Bitcoin’s Path to the Iconic $100,000 Mark

From the genesis block to breaching the $100,000 mark, the Bitcoin network has processed 1.12 billion transactions worth $131.25 trillion, evolving from a “small corner of the internet into a part of the global financial infrastructure.” Glassnode has outlined the milestones of this “journey.” #Bitcoin crossing $100K is a monumental milestone in its evolution into […]

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ForkLog 23 11.12.2024

Raydium Protocol Retains Top Spot in DEX Trading Volume

Since October 2024, the AMM protocol Raydium has led in trading volume among DEXs across all blockchains, according to analytics service Messari. In October, @RaydiumProtocol emerged as the leading DEX by trading volume across all chains. This trend accelerated in November, with Raydium processing $124.6 billion in monthly volume, surpassing Uniswap’s $90.5 billion by 30%. […]

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ForkLog 139 10.12.2024

Tether Reveals USDT Holder Statistics

As of the start of the fourth quarter of 2024, there were 109 million USDT holders, more than double the number of Bitcoin holders and close to Ethereum’s 128 million. These figures were reported by Tether. The company noted that these numbers make USDT one of the most widespread digital assets. For their analysis, specialists […]

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ForkLog 7 10.12.2024

Experts Observe Increased Movement of ‘Old Bitcoins’

At the moment of reaching the ATH on December 5, significant transfers from hodlers were observed, which could have caused a sharp drop to $90,500, according to CryptoQuant. Subsequently, quotes returned to the $102,000 area, but on-chain activity intensified again, indicating a trend towards continued selling pressure, specialists noted. Glassnode analysts identified the $99,559 mark […]

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ForkLog 11 06.12.2024

BlackRock and MARA Acquire 9173 BTC Amid Bitcoin’s Dip Below $100,000

On December 5, BlackRock and MARA Holdings purchased 7750 BTC and 1423 BTC respectively, while an unknown whale acquired 600 BTC as the leading cryptocurrency’s price fell to $90,500. That day, Bitcoin’s decline exceeded 13% at its lowest point, with the price plummeting from an all-time high above $104,000 to $90,500, before rebounding to $98,000. […]

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ForkLog 9 04.12.2024

Significant Influx of ‘Whale’ Bitcoins to Exchanges Observed by Experts

The increasing influx of bitcoins to exchanges from whales suggests a potential risk of future sell-offs, according to CryptoQuant. Experts explained that the aSOPR metric “does not yet indicate significant profit-taking activity.” Data: CryptoQuant. Amid the activity of large players, exchange balances of digital gold have generally fallen to 2.46 million BTC — the lowest […]

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ForkLog 11 03.12.2024

Bitfinex Predicts Bitcoin Surge Beyond $100,000 by Year-End

Bitcoin concluded November with a 37.3% increase and is poised to reach six-figure levels in December due to favourable seasonality, according to Bitfinex. Analysts’ calculations show that historically, in halving years, the asset appreciated by an average of 38.9% in this month. Data: Bitfinex. Experts cautioned that the growth will be volatile, linked to profit-taking […]

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ForkLog 10 03.12.2024

Bitcoin Holders’ Balances Reach Lowest Level Since July 2022

The number of coins held by long-term investors has decreased to 12.45 million BTC, marking the lowest point since July 2022, according to data from IntoTheBlock. Bitcoin long-term holders are gradually reducing their balances, now holding 12.45 million BTC—the lowest level since July 2022. So far, this decline is less severe than in past cycles. […]

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ForkLog 21 01.12.2024

Bitcoin Whales Stir, Yet Sell Slowly—On-Chain Data

On December 1, an unknown user moved 11 BTC (approximately $1.07 million at the time of writing) after 11.6 years of inactivity. The transaction was highlighted by Whale Alert. ? A dormant address containing 11 #BTC (1,071,468 USD) has just been activated after 11.6 years!https://t.co/m9TDE5s8dO — Whale Alert (@whale_alert) December 1, 2024 On November 30, […]

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ForkLog 23 28.11.2024

CryptoQuant Sets Bitcoin Target for Current Cycle

Following a price correction, certain metrics of digital gold suggest the continuation of a bull market phase with a target of $146,000, according to CryptoQuant. Is it too late to buy in? Bitcoin has surged 34% in November ’24, with the bull run in full swing. The CryptoQuant Cycle Indicator shows that Cycle Peak hasn’t […]

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ForkLog 82 27.11.2024

Long-term Bitcoin Holders Reduce Holdings Amid Price Surge

As Bitcoin approached $100,000, holders offloaded a “significant” 507,000 BTC. This figure is less than the March pace of 934,000 BTC, as some market participants anticipate higher prices before liquidating positions, according to Glassnode. Source: Glassnode. The daily distribution rate by this category of investors reached 0.27% of the coins they hold, surpassing March’s figures. […]

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