Market Alert: Bitcoin’s $81K Support Zone Could Decide Its Next Big Move
As Bitcoin continues to slowly decline in price, the asset appears to be moving closer to a key psychological level. With uncertainty surrounding the continuation of Bitcoin’s current trend, speculation remains divided on whether the crypto asset is preparing for another upward breakout or entering a phase of correction. Recent on-chain data suggests that specific…
Warning Signs For Bitcoin? Binance Trading Volume Drops As Sellers Take Control
Amid Bitcoin continuous correction in recent weeks, there has been a significant drop in BTC’s trading volume on Binance, the world’s largest crypto exchange raising concerns about the implications for the market. A CryptoQuant analyst has highlighted in a report that both spot and futures trading volumes for the BTC/USDT pair have witnessed a sharp decline.…
Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming?
As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level. Bitcoin Sees End-On-Year Slowdown Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown. In December,…
Ethereum Market Turns Optimistic: Funding Rates Hint At Potential $4K Comeback
Amid the broader decline in the global crypto market, Ethereum emerged as one of the major cryptocurrencies that has been impacted significantly. Despite already being underperformed in the recent bull run, Ethereum has now experienced a notable correction, dropping to as low as below the $3,500 price level in recent weeks. While this price performance…
Bitcoin Exchange Reserves Surge: Are Traders Preparing For A Major Market Shift?
Bitcoin has recently shown signs of potential market shifts as key metrics reflect changing investor behavior. This is evident in Bitcoin reserves on spot exchanges, which had been in a steady decline for weeks, now seeing a notable uptick with an inflow exceeding 20,000 BTC, according to CryptoQuant analyst IT Tech. Simultaneously, netflows across all…
Who Profited During Bitcoin’s $100,000 Surge? Analyst Breaks Down the Data
Bitcoin ongoing price movement has sparked intense analysis as it continues to hover below the $100,000 mark. Despite reaching an all-time high above $108,000 last week, the cryptocurrency has struggled to maintain upward momentum ever since. With this performance, BTC’s on-chain data has been brought to the spotlight to uncover the factors driving recent selling…
New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation
The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token’s rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days. New Solana Token Steals The Spotlight On December 17, the Pudgy Penguins Non-Fungible Token (NFT)…
Bitcoin Faces Short-Term Uncertainty as Exchange Inflows Surge and Tether Liquidity Drops
Bitcoin has recently experienced mixed market movements, with analysts closely monitoring on-chain data to understand the short-term trajectory of the leading cryptocurrency. On-chain metrics indicate a notable shift in exchange activity, with Tether (USDT) seeing significant outflows while Bitcoin (BTC) inflows into exchanges remain elevated. This trend suggests a potential “imbalance” in market dynamics, where…
Toncoin Signals Accumulation Phase as Open Interest Hits Nine-Month Low – What’s Next?
Toncoin (TON) appears to have now entered a notable phase in its market cycle, presenting potential opportunities for investors. A recent analysis by CryptoQuant analyst Joao Wedson highlights that TON has moved into a favorable risk zone for accumulation, as indicated by the Normalized Risk Metric (NMR). This metric evaluates an asset’s price risk relative…
Analyst Forecast ‘Highly Bullish’ 2025 For Ethereum: Is The Bleeding Over?
Ethereum (ETH) has started to climb some levels after it fell to the $3,100 support zone last week. The second-largest cryptocurrency is attempting to break from its downtrend, with some market watchers suggesting it is poised for a massive run in 2025. Ethereum Key Levels To Reclaim With only a week left in 2024, several…