On-Chain Analysis | ForkLog

ForkLog 16 10.10.2024

PlusToken Transfers 7000 ETH to Exchanges

Approximately 7000 ETH, valued at $16.7 million, seized from the operators of the PlusToken cryptocurrency pyramid scheme, have been transferred to exchanges. This was reported by OXT Research analyst known as ErgoBTC. In early August, the remnants of ETH seized from the multibillion dollar PlusToken scheme awoke on-chain for the first time since 2021. Over […]

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ForkLog 12 09.10.2024

Glassnode Warns of Increased Volatility in Cryptocurrency Market

The cryptocurrency market may face heightened volatility due to liquidation risks and an uncertain macroeconomic landscape, according to Glassnode. Following a 10% price correction, the #Bitcoin market has rebounded back to the $63k level in an attempt to reclaim the critical Short-Term Holder cost-basis. Discover more in the latest Week On-Chain below?https://t.co/E3bufV5aaE pic.twitter.com/BUFi1friu9 — glassnode […]

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ForkLog 8 07.10.2024

US Labour Market Report Boosts Bitcoin Towards $64,000

On the night of October 7, Bitcoin approached the $64,000 mark. The drivers were positive data from the US labour market last Friday and expectations of a Federal Reserve rate cut in November, writes The Block. Experts noted that ongoing geopolitical tensions in the Middle East pose a risk to the rally of the leading […]

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ForkLog 12 27.09.2024

Base Network’s TVL Surpasses $2 Billion

The total value locked (TVL) in the Base network has, for the first time, exceeded the $2 billion mark. TVL Base. Data: DeFi Llama. Supported by the Coinbase exchange, the network has secured the second position in terms of funds among L2 solutions and ranks sixth among all blockchains. Top 10 networks by TVL. Data: […]

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ForkLog 6 26.09.2024

CoinShares Deems Ethereum Investment Returns ‘Uncertain’

The price growth of Ethereum largely hinges on organic transactional demand for the asset, according to CoinShares experts. Currently, on-chain activity is primarily focused on speculative use cases. Analysts criticized EIP-4844, which they believe has created imbalances between the first layer and L2. Professional financial market players are beginning to show interest in Ethereum due […]

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ForkLog 9 24.09.2024

CryptoQuant Predicts Bitcoin Price Surge Amid Rising ‘Profitable’ Coins

The increase in ‘profitable’ bitcoins above the 365 DMA signals potential further growth of the asset, according to CryptoQuant, as reported by The Block. Data: CryptoQuant. “This inflection point is typically associated with further price increases,” commented the experts. The proportion of supply in profit often serves as an emotional benchmark for investors, acting as […]

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ForkLog 16 17.09.2024

Insights on Whale and Bitcoin Trader Profits on Binance

“Traders on Binance and new whales are actively buying, while old ones continue to hold,” noted on-chain analyst and CryptoQuant author known as IT Tech. He also discussed the investment profits in the leading cryptocurrency among various market participants.

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ForkLog 11 16.09.2024

Experts Predict Imminent Bitcoin Bull Run

A Bitcoin bull market could commence within the next 22 days, based on historical cycles and current data. This conclusion was reached by WeRate co-founder Quinten François. The average #Bitcoin cycle:Starts 170 days after halving Peaks 480 days after halving We are currently 147 days after the $BTC halving pic.twitter.com/jINl8Y4usP — Quinten | 048.eth (@QuintenFrancois) […]

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ForkLog 9 02.09.2024

Bitcoin Miners’ Revenue Hits 11-Month Low

In August, the revenue of Bitcoin miners fell to $827.56 million, the lowest since September 2023, according to BiTBO. Data: BiTBO. Compared to July, the figure decreased by 10.5%. In August of the previous year, the value had increased by 5%. In March 2024, amid a price surge to ATH, revenue reached $1.93 billion. Relative […]

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ForkLog 16 02.09.2024

Bitcoin Price Stabilises Below $58,000

The leading cryptocurrency fell by 8.6% in August. Historically, September sees an average decline of 4.5%. Analysts anticipate continued volatility but expect a medium-term recovery in optimism. The number of bitcoin wallets holding at least 100 BTC has reached a 17-month high (16,120). In the early hours of Monday, September 2, the price of the […]

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ForkLog 7 23.08.2024

Bitcoin’s Reaction to Powell’s Speech and Growth Signals

During a speech in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell stated that “the time has come to lower the rate.” The pace of monetary policy easing will depend on economic indicators. The next meeting is scheduled for September 18. Market participants anticipate a rate cut of 0.25% with a probability of 67.5%, and […]

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ForkLog 10 21.08.2024

Bitcoin’s Dominance Climbs to 56% Amid Holder Resilience

The dominance of the leading cryptocurrency has surpassed 56%, driven by the steadfastness of long-term investors amid market turbulence, according to a report by Glassnode. #Bitcoin, as the leading digital asset, continues see its dominance expand, now commanding a staggering 56% of the total market capitalization. Supporting this, Bitcoin Long-Term Holders remain steadfast in their […]

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