On-Chain Analysis | ForkLog

ForkLog 2 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 25 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 10 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

ForkLog 18 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 […]

AI translated

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 […]

AI translated

ForkLog 22 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 […]

AI translated

ForkLog 13 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 […]

AI translated

ForkLog 13 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 […]

AI translated

ForkLog 10 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 […]

AI translated

ForkLog 8 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 […]

AI translated

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 […]

AI translated

ForkLog 16 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 […]

AI translated

#On-Chain Analysis