On-Chain Analysis | ForkLog

ForkLog 10 09.01.2025

Glassnode spots fading speculative momentum in bitcoin futures

Open interest in futures on the first cryptocurrency shows “declining speculative momentum”, Glassnode analysts observed.

AI translated

ForkLog 34 31.12.2024

Bitcoin Inflows to Exchanges Plummet to 2016 Levels

In the weeks leading up to the end of 2024, the daily number of BTC deposits on exchanges fell to 30,000. According to CryptoQuant analyst Alex Adler Jr., this may indicate an imminent rally for the leading cryptocurrency. Chart of the number of addresses depositing BTC to exchanges. Data: CryptoQuant. Current figures are three times […]

AI translated

ForkLog 25 26.12.2024

On-Chain Analyst Identifies Bitcoin’s Most Active Sellers

In November and December, market participants who purchased coins amid the approval and launch of spot ETFs in the US were the most active in offloading digital gold. These observations were shared by CryptoQuant contributor Yonsei_dent.

AI translated

ForkLog 43 26.12.2024

Bitcoin and Solana Trading Volumes Hit Record Highs

Solana’s turnover in November reached a record $243 billion. The blockchain has taken a leading position with 132 million active users. An expert noted the formation of a “bullish pullback” pattern as an entry point for long positions. In November, Bitcoin and Solana trading volumes reached record highs of $2.2 trillion and $243 billion, respectively. […]

AI translated

ForkLog 13 26.12.2024

Runes Protocol’s Share of Bitcoin Transactions Hits Record Low

By the end of 2024, the Runes protocol experienced a decline in user activity amid high volatility in the crypto market and growing interest in other industry sectors. The share of Runes, BRC-20, and Ordinals among all transactions on the Bitcoin network. Data: Dune Analytics. In the initial months following its launch, the Runes protocol […]

AI translated

ForkLog 25 19.12.2024

Solana Dapps Revenue Hits Record $365 Million in November

The total fees generated by Solana applications in November reached a historic high of $365 million, with $106 million attributed to the “meme token factory” Pump.fun, according to data from Syndica. Data: Syndica. Pump.fun became the first in Solana to achieve a nine-figure income in a month. The figure could have been even higher if […]

AI translated

ForkLog 9 19.12.2024

Glassnode Identifies Signs of a Late Bull Market Stage

A sharp increase in the “network wealth” of new Bitcoin investors, coupled with active coin distribution by hodlers, indicates a transition to the late stage of a bull market, according to Glassnode. #Bitcoin continues trading above the psychologically important $100k price level, supported by a consistent inflow of capital. Long-Term Holders are capitalizing on this […]

AI translated

ForkLog 8 17.12.2024

Whales Show Reluctance to Sell Bitcoin, Analyst Observes

Large holders of the leading cryptocurrency have yet to commence active selling, asserts CryptoQuant contributor known as CryptoOnchain.

AI translated

ForkLog 10 16.12.2024

Retail Investors Maintain Faith in Bitcoin Bull Run

The number of Bitcoin wallets with balances under 1 BTC is expected to rise by 8.67% in the near future, as small investors continue to accumulate coins following the price breakthrough of $100,000, according to CryptoQuant. The average number of addresses holding less than 1 BTC currently stands at 323K (with BTC priced at $101K). […]

AI translated

ForkLog 26 12.12.2024

Glassnode Charts Bitcoin’s Path to the Iconic $100,000 Mark

From the genesis block to breaching the $100,000 mark, the Bitcoin network has processed 1.12 billion transactions worth $131.25 trillion, evolving from a “small corner of the internet into a part of the global financial infrastructure.” Glassnode has outlined the milestones of this “journey.” #Bitcoin crossing $100K is a monumental milestone in its evolution into […]

AI translated

ForkLog 16 11.12.2024

Raydium Protocol Retains Top Spot in DEX Trading Volume

Since October 2024, the AMM protocol Raydium has led in trading volume among DEXs across all blockchains, according to analytics service Messari. In October, @RaydiumProtocol emerged as the leading DEX by trading volume across all chains. This trend accelerated in November, with Raydium processing $124.6 billion in monthly volume, surpassing Uniswap’s $90.5 billion by 30%. […]

AI translated

ForkLog 90 10.12.2024

Tether Reveals USDT Holder Statistics

As of the start of the fourth quarter of 2024, there were 109 million USDT holders, more than double the number of Bitcoin holders and close to Ethereum’s 128 million. These figures were reported by Tether. The company noted that these numbers make USDT one of the most widespread digital assets. For their analysis, specialists […]

AI translated

#On-Chain Analysis