On-Chain Analysis | ForkLog

ForkLog 12 06.05.2024

Bitcoin Blockchain Surpasses One Billion Transactions

Over 15 years, the network of the first cryptocurrency has processed 1 billion transactions. On average, 178,475 operations were conducted daily over the 5603 days of the blockchain’s existence. #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/kS704YYoW5 — Wicked (@w_s_bitcoin) May 5, 2024 This milestone was reached at block #842,241, mined by the Foundry […]

AI translated

ForkLog 27 30.04.2024

Bitcoin’s Price Floor Predicted Between $60,000 and $66,700

Bitcoin has entered a broad distribution phase after reaching a new ATH above $73,000. According to Glassnode, a price floor is currently forming between $60,000 and $66,700. Experts have concluded that the euphoria following the correction has weakened but is not yet exhausted. The Accumulation Trend Score metric illustrates how investor accumulation patterns relate to […]

AI translated

ForkLog 40 25.04.2024

Runes Tokens Dominate Bitcoin Transactions

On April 24, tokens on the Runes protocol accounted for 51.5% of daily transactions on the Bitcoin blockchain. Traditional BTC operations comprised 46.9%, according to a dashboard on Dune. Source: Dune. The previous day, these figures reached 81% and 18.8%, respectively. The combined share of Ordinals and BRC-20 did not exceed 2%. The excitement surrounding […]

AI translated

ForkLog 13 24.04.2024

Bitcoin’s Evolution Through the Lens of Halvings

Following the fourth halving, Bitcoin has definitively surpassed gold as the scarcest asset in terms of supply growth. Glassnode conducted a retrospective analysis of events from the perspective of price and fundamental network metrics. On April 20, the fourth halving occurred in the Bitcoin network. The block reward was reduced from 6.25 BTC to 3.125 […]

AI translated

ForkLog 14 23.04.2024

CryptoQuant Observes Generational Shift Among Bitcoin Whales

Investments in Bitcoin by “new” whales have nearly doubled those of “old” major players, according to CryptoQuant CEO Ki Young Ju. The new whales’ initial investment in #Bitcoin is almost twice the old whales’ cumulative total. pic.twitter.com/SU5Aiw1nJB — Ki Young Ju (@ki_young_ju) April 23, 2024 The expert classified “whale” addresses as those not associated with […]

AI translated

ForkLog 8 23.04.2024

Arkham Identifies Millions in ‘Forgotten’ Crypto Assets on Cross-Chain Bridges

Tokens worth millions of dollars remain unclaimed in contracts associated with cross-chain bridges, according to experts at Arkham Intelligence, reports The Block. Experts identified several such addresses belonging to major players in the DeFi and NFT sectors, including a presumed connection to Ethereum co-founder Vitalik Buterin. “There are dozens of accounts with six to seven-figure […]

AI translated

ForkLog 13 18.04.2024

The Crucial Role of the $60,000 Threshold for Bitcoin’s Price Stability

Should Bitcoin fail to maintain the $60,000 level, it risks a decline to $52,000 before resuming its upward trajectory, according to CryptoQuant. Experts noted that a pessimistic outcome is not inevitable, thanks to the dominance of ETF purchases. Institutional clients could absorb the excess supply resulting from liquidations triggered by a breach of $60,000. Analysts […]

AI translated

ForkLog 21 16.04.2024

Impact of Restaking on Ethereum’s On-Chain Metrics Analyzed by Experts

The introduction of restaking protocols EigenLayer and LRT has increased the share of ETH in staking to 26% of the total supply. Glassnode examined how this trend could affect Ethereum’s role as a monetary asset. Analysts recorded a rise in the total number of coins staked to 31.4 million ETH (as of April 13). Data: […]

AI translated

ForkLog 18 12.04.2024

Arkham Unveils Cryptocurrency Holdings of Various Nations

The United States government ranks among the largest holders of cryptocurrency, alongside the United Kingdom and Germany, according to data from Arkham Intelligence. Our team created a dashboard featuring the Governments with the largest crypto holdings. For each country, you can see their current BTC balance, balance history in USD, and a real-time feed of […]

AI translated

ForkLog 1 11.04.2024

Expert Sees No Signs of Bull Market Ending

The continued rise in the price of the leading cryptocurrency in 2024 is predetermined by additional inflows into American spot bitcoin ETFs, according to CryptoQuant. Analysts explained that even from a conservative perspective, new ATH levels should be expected. Experts noted that only three months have passed since the formation of a large wave of […]

AI translated

ForkLog 21 11.04.2024

Experts Note a Slowdown in Bitcoin Profit-Taking

In recent weeks, the pace of profit-taking by hodlers has decelerated. The market has reached a balance between long-term holders and the influx of fresh demand, according to Glassnode. Discover more in the latest Week On-Chain below?https://t.co/a0VGutY5x2 pic.twitter.com/hJceAii1T5 — glassnode (@glassnode) April 10, 2024 Experts illustrated the situation with a chart showing the average share […]

AI translated

ForkLog 8 02.04.2024

Experts Observe Redistribution of Dormant Bitcoins

The market has shifted to a mode where spending and profit-taking are the dominant price formation mechanisms. Approximately 1.875 million BTC (9.5% of the total in circulation) changed hands at prices above $60,000. Long-term Bitcoin investors are successfully executing a distribution cycle, realizing profits and activating “dormant” coins to meet new demand, according to Glassnode. […]

AI translated

#On-Chain Analysis