Ethereum Stays Steady Above Realized Value – Can Fresh Liquidity Fuel The Next Breakout?
Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to trade slightly below the psychologically important $4,000 price level, following the brutal drawdown on October 9, which saw the digital currency test the support at around $3,435. Ethereum Stays Above Realized Price – Bullish Momentum Soon? According to a CryptoQuant Quicktake post by contributor TeddyVision,…
Bitcoin Market Sees Over 73,000 BTC Influx Into Wallets Younger Than 1 Month – Is A Rally Near?
As Bitcoin (BTC) continues to trade in the low $110,000 range, on-chain data shows that a fresh wave of demand has entered the market. Notably, the Net Position Change (NPC) of the youngest cohort of BTC holders has re-entered positive territory, raising hopes for the cryptocurrency to gain bullish momentum. Bitcoin NPC Back In Positive…
Polygon Approaches Make-Or-Break Point At $0.28 – What Could Happen Next
Polygon (POL) is approaching a critical juncture around the $0.28 mark, where recent momentum meets key resistance. The coming sessions could determine if buyers can push past this level for a breakout or if a pullback toward support near $0.26 will set the stage for consolidation. Polygon Uptrend Faces Resistance At $0.28 GemXBT, in a…
Bitcoin Weakness Vs. Ethereum Strength: On-Chain Data Reveals Divergence
As Bitcoin (BTC) stalls near the $113,000 level, Ethereum (ETH) continues to show strength, highlighting a clear divergence in price action between the top two cryptocurrencies by market cap. This contrast has some investors considering a rotation from BTC into ETH to capture the latter’s bullish momentum. Bitcoin Shows Correction Risks – Is ETH Safe?…
Ethereum Average Daily Outflow Hits 40,000 ETH Amid Rising Buying Pressure – Details
As Ethereum (ETH) trades within striking distance of its all-time high (ATH), on-chain data shows that the second-largest cryptocurrency by market cap is experiencing mounting buying pressure. The asset is currently priced in the $4,600 range, just 4% shy of its ATH. Ethereum Net Daily Outflows Hit 40,000 According to a CryptoQuant Quicktake post by…
Bitcoin Rally Signal? Analyst Links Binance Spot Volume Surges To Price Upswings
Bitcoin (BTC) may be on the cusp of another rally, as leading cryptocurrency exchange Binance saw its spot volume rise from around 40% on July 15 to as high as 60% on July 18. Historical data suggests that surges in Binance’s spot market share have frequently preceded upward movements in BTC’s price. Bitcoin Rally Imminent?…
No Mania Yet: Bitcoin ATH Lacks Hype, Suggesting Further Upside Potential
As Bitcoin (BTC) continues to post new all-time highs (ATH), reaching as much as $118,869 on Binance, market indicators show little sign of overheating. The lack of retail-driven hype amid BTC’s record-breaking run suggests there may still be room for further growth in the flagship cryptocurrency. Bitcoin ATH Sees Absence Of Hype According to a…
Bitcoin Absorbs Strong Selling Pressure On Binance Derivatives – Breakout Ahead?
Bitcoin (BTC) has remained range-bound between $100,000 and $110,000 since May 7, aside from a few dips to as low as $98,000 in June, which were quickly followed by daily candle closes above the $100,000 level. Recent analysis reveals that BTC has withstood sustained selling pressure on Binance Derivatives throughout this period. Bitcoin Withstands Binance…
Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top
Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength despite expectations that the US Federal Reserve (Fed) will keep interest rates unchanged at its upcoming July 30 meeting. However, some indicators suggest that the market may be entering overheating territory. Bitcoin Market Entering Overheating Territory? According to a recent CryptoQuant…
Ethereum Approaches Wyckoff ‘Liftoff’ Phase – Can ETH Reach A New High?
Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 range at the time of writing. Although the digital asset remains down 19% on a year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, crypto trader…