Short term Bitcoin buyers transition to long term holders: Glassnode
Although long-term coin selling saw a marked increase last week, HODLing is still the preferred strategy as more of the short-term supply is becoming long-term supply.
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Total exchange BTC inflows have been net negative since July ’21
There have been more outflows than inflows to most exchanges except Binance, FTX, Bittrex, and Bitfinex since last July, suggesting sellers may be exhausted according to Glassnode.
Non-zero BTC addresses hit all-time high of 40 million
The supply-side dynamics of the Bitcoin network continue to demonstrate strong adoption as there are now more addresses with a positive BTC balance than ever before.
On-chain metrics hint at a bearish outlook for Bitcoin
Bitcoin on-chain analysis is showing more short-term holders registering losses, and they are statistically more likely to sell according to Glassnode.
Bitcoin miners selling stock and BTC as returns halve since November
Miners are starting to get strapped for cash and need a boost since BTC has dropped in price since November and revenue has fallen even further due to increased competition.
18.36M Ethereum addresses joined the network in 2021
Ethereum addresses have been on a strong, steady increase since last year, but daily transaction volumes and the number of whales on-chain are decreasing.
Crypto investors hedging out risks ahead of March rate hike
Analytics firm Glassnode sees several signs that investors are hunkering down for a rough storm as the Fed rate hike in March looms with uncertain outcomes.
BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low
While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021.…
Can Ethereum price reach $4K after a triple-support bounce?
A combination of multiple support levels, including a 21-month EMA, helped ETH price to rebound by nearly 30% from its local bottom.
Ethereum whales dumping ETH as price slides below $4K, data shows
The number of Ethereum addresses holding at least 1,000 ETH dropped to a four-year low this week.