On-Chain Analysis | ForkLog

ForkLog 14 27.03.2024

Bitcoin Holders Increase Sales Amid New Price Peaks

As Bitcoin reached a new ATH above $73,100, daily realized profits from Bitcoin positions exceeded $2.6 billion. According to Glassnode, this was driven by increased distribution from long-term investors. As the #Bitcoin market hits resistance at a new ATH of $73k, the Long-Term Holder cohort have ramped up their overall distribution pressure. The market is […]

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ForkLog 14 21.03.2024

Base Faces Delays Amid Surge in On-Chain Activity in L2 Network

On March 20, the daily trading volume in the L2 solution Base reached $369 million, increasing by more than 50% from the previous day. TVL of the protocol hit a record high of $761 million. TVL and trading volume on Base. Data: DeFi Llama. According to the dashboard on Dune, the network recorded 1.65 million […]

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ForkLog 16 20.03.2024

Experts Assess Dencun’s Impact on Ethereum’s Monetary Policy

The successful activation of Dencun, introducing a new architecture for Layer-2 solutions and changes in the staking pool, is set to influence Ethereum’s monetary policy. These changes were analyzed by Glassnode. The Dencun upgrade has activated successfully, introducing a new architecture for Layer-2 solutions to anchor into the mainchain. It also introduces modifications to the […]

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ForkLog 11 13.03.2024

Glassnode Reports Bitcoin Holders Begin Selling After New All-Time High

Bitcoin’s rally above $70,000 has shifted the balance between long-term investors and speculators. Glassnode has detailed changes in on-chain metrics. In addition to the price, the realized capitalization metric also reached a new all-time high. This indicator, which assesses the “aggregate on-chain wealth,” has increased by $40 billion since March 1, reaching $504 billion. The […]

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ForkLog 10 12.03.2024

Bitcoin’s Record Highs Enhance Liquidity, Reports Kaiko

Bitcoin’s new all-time high has led to record liquidity depth and a return of trading volumes to 2021 levels. Tether’s market capitalization has reached a historic high of $100 billion. Funding rates remain near peaks, indicating sustained high demand. The market depth of Bitcoin, in terms of the value of orders within 2% of the […]

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ForkLog 9 06.03.2024

Glassnode Reports Increased Bitcoin Sales by Long-Term Holders as Price Nears All-Time High

Monthly sales by long-term investors have surged to 257,000 BTC as the price of the leading cryptocurrency approaches its all-time high, according to calculations by Glassnode. As #Bitcoin reached its ATH, a careful assessment reveals a nuanced interplay between exchange and ETF flows indicating market balance, alongside the start of the classic distribution pattern by […]

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ForkLog 7 28.02.2024

Glassnode: Bitcoin Market Engulfed by Speculative Frenzy

The dynamics of capital flows, exchange activity, leverage in crypto derivatives, and institutional demand all point to a surge in risk appetite among Bitcoin investors, according to Glassnode. The risk appetite for #Bitcoin investors is increasing, with growing signs of speculation appearing across capital flows, exchange activity, derivatives leverage, and even institutional demand. Discover more […]

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ForkLog 7 27.02.2024

Experts Highlight Risks of Institutional Shift from Ethereum to Bitcoin

The ETH/BTC exchange rate has reached a historic turning point, potentially increasing the risk of a correction in the coming days. Analysts at Cointelegraph have examined four reasons that could lead to such a scenario. Their assessments are based on the ambiguous technical picture of ETH/BTC. Experts noted the RSI entering the overbought zone and […]

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ForkLog 15 13.02.2024

Whale Bitcoin Movements Detected by Experts

Since November 2023, long-term investors have withdrawn approximately 148,000 BTC from wallets. According to Glassnode, this trend indicates the start of profit-taking by this market segment. #Bitcoin investors have been rewarded for their patience and conviction, with BTC prices rallying to multi-year highs above $50k. The volume of supply held at a loss is also […]

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ForkLog 8 13.02.2024

Expert Analysis: 375,000 Investors Acquired Bitcoin at $50,230

Approximately 375,000 market participants purchased around 119,480 BTC (about $6 billion) at an average price of $50,228. This level could become a significant resistance for Bitcoin, according to Lookonchain. The price of $BTC just rose above $49.8K! Data from @intotheblock shows that ~375K addresses bought ~119.48K $BTC($6B) at an average price of $50,227.81. These addresses […]

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ForkLog 14 12.02.2024

Bitcoin Enters ‘High Risk’ Mode, Experts Warn

Glassnode identified a “risk zone” in the on-chain indicators system. Increased net inflow into spot Bitcoin ETFs has underpinned market recovery. Technical analysts warned of strong resistance at $50,000. Several on-chain indicators have entered what is termed a “risk zone,” potentially signaling the early stages of a bull market, according to Glassnode. Discover more in […]

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ForkLog 25 07.02.2024

opBNB Overtakes Arbitrum in Transaction Volume

opBNB, developed by BNB Chain, has surpassed Arbitrum in total transactions among Layer 2 networks, according to calculations by Coin98 Analytics. #Layer2 Monthly Report | January 2024Key Takeaways: — #Optimism maintains lead in total addresses — #opBNB surpasses #Arbitrum in total transactions— #MantaPacific surpasses Base, securing 4th position with over $461M in TVL— #Base leads […]

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