On-Chain Analysis | ForkLog

ForkLog 8 24.10.2024

Copper Identifies Bitcoin Overheating Signs Ahead of US Elections

On-chain metrics for the leading cryptocurrency indicate a short-term local peak ahead of the US elections. This conclusion was reached by Copper, as reported by The Block. According to analysts, 98% of wallet addresses are currently in unrealized profit. Historically, a sharp rise in this metric—recently reaching 75%—has often been accompanied by increased selling pressure. […]

AI translated

ForkLog 9 23.10.2024

CryptoQuant Observes Bitcoin On-Chain Activity Surge to March Peaks

Retail investor demand for Bitcoin has returned to levels seen before the ATH in March 2024, according to CryptoQuant, reports The Block. “In the last 30 days, the metric has increased by ~13%, mirroring the scenario in March,” the report states. From June to the end of September, the opposite trend was observed. “The current […]

AI translated

ForkLog 9 11.10.2024

Whales Accumulate 1.5 Million BTC in Anticipation of a Rally

Investors holding more than 1,000 BTC have amassed an additional 1.5 million coins over the past six months, noted CryptoQuant analyst Axel Adler Jr. 1.5M BTC has been accumulated by whales (with >1K BTC on balance) over the last 6 months. There’s really nothing to discuss here. pic.twitter.com/7cAVWVEK15 — Axel ?? Adler Jr (@AxelAdlerJr) October […]

AI translated

ForkLog 128 10.10.2024

On-Chain Analysis Reveals Profitability of Polymarket Wallets

Only 13.6% of users on the prediction platform Polymarket have turned a profit, with most earning less than $100, according to data from Layerhub. In absolute terms, this equates to 24,565 wallets. Conversely, the betting activities of 156,010 clients, or 86.4% of the total audience, resulted in losses. Data: Layerhub. Among the addresses reporting profits, […]

AI translated

ForkLog 26 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 […]

AI translated

ForkLog 13 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 […]

AI translated

ForkLog 9 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 […]

AI translated

ForkLog 22 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: […]

AI translated

ForkLog 7 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 […]

AI translated

ForkLog 11 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 […]

AI translated

ForkLog 17 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.

AI translated

ForkLog 16 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) […]

AI translated

#On-Chain Analysis