On-Chain Analysis | ForkLog

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Since November 2023, long-term investors have withdrawn approximately 148,000 BTC from wallets.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 […]

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ForkLog 11 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 16 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 34 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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ForkLog 11 05.02.2024

Manta Surpasses Base in TVL with $467 Million

Over the past month, the total value locked (TVL) in the Manta Network’s L2 network rose by 32%, reaching $467 million. TVL Manta. Data: DeFi Llama. This achievement allowed it to surpass Coinbase’s Base ($415 million) and secure the third position among all rollups. TVL of rollups. Data: DeFi Llama. The Manta ecosystem comprises 38 […]

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ForkLog 26 02.02.2024

Jupiter Team Accused of Token Dumping

The team behind the DEX aggregator Jupiter reportedly sold a significant portion of their native token JUP, valued at approximately $30 million, on the first day of trading. This was reported by Adam Cochran, managing partner at Cinneamhain Ventures. So-gave 50% of token to themselves, it was not their first token-Used their own platform which […]

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ForkLog 10 01.02.2024

Analyst Predicts Bitcoin Rally Duration Post-Halving

Should historical trends hold true for the upcoming halving, Bitcoin is expected to reach a new ATH between April and October 2025, according to an analyst known as Ali. As we approach the #BitcoinHalving in April 2024, here are four key points to consider: 1⃣Post-halving corrections: After the 2016 and 2020 halvings, #BTC experienced corrections […]

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ForkLog 9 31.01.2024

Bitcoin’s Resilience Amid GBTC Sell-Off Highlighted by Experts

Net capital flows into spot Bitcoin ETFs have strengthened, despite the supply overhang caused by exits from the GBTC by Grayscale. This conclusion was reached by Glassnode. The Bitcoin market continues to show resilience, recovering from the initial sell-the-news drawdown following ETF approvals. In particular, the market is working through the significant supply overhead created […]

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ForkLog 20 24.01.2024

Shift in Interest Towards Altcoins Following ETF Approval

The approval of spot Bitcoin ETFs has become a classic “sell the news” event, leading to a capital rotation into Ethereum, Solana, and altcoins in general. This trend was analyzed by Glassnode. Analysts noted that after the collapse of FTX, Bitcoin’s dominance increased from 38.9% to 49.8% at the expense of stablecoins (whose share fell […]

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ForkLog 23 23.01.2024

Ondo Finance Team Suspected of ONDO Token Dump

Addresses linked to the Ondo Finance tokenization platform team have been transferring coins to exchanges Coinbase, Gate, KuCoin, and Bybit over two days. Each transfer was followed by a subsequent price dump, reported user ai_9684xtpa. ONDO 项目方疑似抛售 2,000 万枚代币，使得币价短时下跌 13%? 地址 0x415…72298 三天前从项目方多签地址处收到 5000 万枚 $ONDO (价值 1097 万美金)，三小时前分别向 #Gate 和 #Kucoin 充值 1000 万枚代币，或许就是今早 […]

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ForkLog 35 17.01.2024

Bitcoin’s Correction Linked to Profit-Taking by Holders, Say Analysts

The 18% pullback in Bitcoin over the weekend, following its rise to multi-year highs, was attributed to profit-taking, including from derivatives, after ETF news. This conclusion was reached by Glassnode. 2024 has opened with a roller-coaster ride for #Bitcoin, as ten new spot ETFs begin trading in US markets. The event was historic and chaotic, […]

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ForkLog 23 16.01.2024

Ethereum Transaction Volume Reaches November 2021 Levels

Over the past week, the daily transaction volume on the network of the second-largest cryptocurrency by market capitalization increased from 1.1 million to 1.3 million, reaching levels last seen in November 2021 when the asset was trading near its all-time high above $4600.

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