On-Chain Analysis | ForkLog

ForkLog 22 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 12 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 11 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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ForkLog 19 21.08.2024

Bitcoin Whales Slow Accumulation Amid Market Uncertainty

Large bitcoin investors have reduced their monthly accumulation rate to 1%, down from the typical 3% seen in bullish markets, according to CryptoQuant, as reported by Cointelegraph. In February 2019, this figure reached 6%. Data: CryptoQuant. Analysts indicate that most demand metrics currently show weakness, insufficient to reach a new all-time high. Experts have deemed […]

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ForkLog 30 19.08.2024

Glassnode Reports 74% of Bitcoins Now Classified as ‘Hodling’

Despite a 21% correction in bitcoin from its ATH, 74% of coins have not been sold or moved in the past six months, according to data from Glassnode. Data: Glassnode. According to the HODL Waves chart, on August 11, the share of bitcoins held by long-term investors rose to 45%. Earlier, analysts noted that the […]

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ForkLog 12 14.08.2024

Bitcoin Market Sees a Return to HODLing, Say Experts

Amidst the indecision of Bitcoin investors following a sharp decline in early August, a clear return to long-term coin accumulation is evident, according to Glassnode. With the market currently digesting the largest #Bitcoin downtrend of the cycle, indecision amongst digital asset investors remains apparent. However, below the surface, a distinct return to HODLing and accumulation […]

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ForkLog 12 14.08.2024

Solana’s Path to $190: A More Realistic Outlook

The rise of Solana to $190 appears more realistic than reaching $300-1000, due to competition with Ethereum’s L2 and the risk of diminishing hype around meme coins. The Firedancer update could set a new standard for blockchain scalability. Expert forecasts for Solana’s price range from $300 to $1000, yet on-chain data suggests a more realistic […]

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ForkLog 7 08.08.2024

Bitcoin Whales Reach Peak Activity in Four Months

During the cryptocurrency market downturn on August 5–6, Bitcoin whale transactions hit their highest level since April, according to data from Santiment. ? August 5th and 6th saw the highest level of Bitcoin whale transactions since the first week of April. According to the total holdings of wallets with 10 to 1,000 BTC, they rapidly […]

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ForkLog 9 07.08.2024

Bitcoin Holders Increase Accumulations by 404,448 BTC in 30 Days

The balance of long-term investors’ wallets for the leading cryptocurrency has grown by 404,448 BTC ($23 billion) over the past 30 days, according to data from CryptoQuant CEO Ki Young Ju. I’m pretty sure something is happening behind the scenes. 404,448 #Bitcoin have moved to permanent holder addresses over the past 30 days, and it’s […]

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ForkLog 28 07.08.2024

Lookonchain Retracts Tweet on $2 Billion ETH Transfer, Actual Amount Significantly Lower

After lying dormant for approximately 3.3 years, “hundreds of wallets” have moved a substantial amount of Ethereum. Lookonchain initially estimated the total assets at around 789,533 ETH (~$2 billion). Hundreds of wallets that have been dormant for 3.3 years are moving large amounts of $ETH, possibly 789,533 $ETH($2B)! We noticed that hundreds of dormant addresses […]

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ForkLog 12 07.08.2024

Experts Identify Key Level for Potential Correction Phase

The price of the leading cryptocurrency has reclaimed the crucial support at $56,000, yet uncertain trading suggests risks of resuming a downward trend. This is according to a report by CryptoQuant, as noted by The Block. According to analysts, the MVRV indicator has fallen below the 365 DMA, which in previous cycles signaled a continuation […]

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ForkLog 13 06.08.2024

Ethereum’s On-Chain Activity Reverts to February Levels

The Ethereum mainnet is experiencing a lull. The number of daily transactions has decreased, and the count of daily active addresses (DAU) has fallen. According to Etherscan, 1.1 million transactions were conducted on the network on August 5. In comparison, the peak on January 14 was 1.96 million, and local highs in July reached 1.3 […]

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