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New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode 

In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals…

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Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience

Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation,…

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Grayscale Report: Liquidated Long Perpetual Positions Fueled ETH’s Black Monday Flash Crash

Ethereum’s Aug. 4 decline could have been fueled by the liquidation of a portion of long positions in perpetual futures, the Grayscale report concluded. The crypto asset’s decline was epitomized…

Continue ReadingGrayscale Report: Liquidated Long Perpetual Positions Fueled ETH’s Black Monday Flash Crash

Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports

Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report…

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Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges

On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m.…

Continue ReadingBitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges