tldrdaily.news logo
Tag

On Chain Activity

All articles tagged with #on chain activity

finance5 months ago

Bitcoin Volatility Surges to 70% Amid Market Uncertainty

Bitcoin's quarterly realized volatility has dropped to 70%, nearing levels not seen since September 2023, indicating a consolidation phase that could precede a major move. Despite stable prices, on-chain activity is declining, and valuation signals suggest potential overvaluation and weakening scarcity narratives. Miner profitability remains manageable, but the overall picture is mixed, with historical patterns hinting at a possible upcoming breakout if fundamentals realign.

via AMBCrypto|
#bitcoin#cryptocurrency#finance
cryptocurrency6 months ago

BNB Surges Past $690 Amid $1B Token Burn and Rising DEX Activity

BNB's recent $1 billion token burn and record DEX volume have positively influenced its price, which has doubled since early 2024, reaching $692. While supply reduction plays a role, increased on-chain demand, especially from DEX trading, appears to be a significant factor. Key resistance and target levels to watch are $700 and $800, with short-term caution advised by options market data.

via AMBCrypto|
#bnb#burn#cryptocurrency
cryptocurrency6 months ago

Ethereum Whales Accumulate as Price Risks and Gains Surge

Ethereum's accumulation addresses have reached a record high of 22.8 million ETH, indicating strong conviction among long-term holders and potential for a major rally. On-chain activity has surged, and stablecoin dominance suggests possible altseason. However, ETH faces technical resistance at around $2.6K, and a break above this level could propel it past $3K, contingent on overcoming key resistance levels.

via AMBCrypto|
#accumulation#cryptocurrency#eth
cryptocurrency1 year ago

Ethereum Whales Stir Market with Massive ETH Moves Amid Price Uncertainty

Ethereum has seen significant whale activity, with large investors purchasing over 280,000 ETH, worth approximately $1 billion, in recent days. This accumulation has fueled optimism about Ethereum's price trajectory, especially as it trades near $3,700. The increased whale activity, coupled with more ETH outflows from exchanges, suggests reduced selling pressure and potential for sustained bullish momentum. However, risks remain due to overbought technical indicators, which could lead to a short-term correction.

via AMBCrypto News|
#accumulation#cryptocurrency#ethereum
cryptocurrency1 year ago

Bitcoin's Resilience: On-Chain Activity, Fed Meeting, and ETF Inflows Drive Price Above $67k

On-chain activity on the Bitcoin blockchain remains low, indicating that investors are holding onto their coins in anticipation of higher prices, with the mean transfer volume well below 2021 levels. The recent rise in Bitcoin's price to new record highs has not been accompanied by strong on-chain economic activity, partly due to a strong holding sentiment in the market. The low on-chain volume is seen as a sign of supply-side illiquidity, with analysts expecting Bitcoin's price to rally into six figures in the coming months.

via CoinDesk|
#bitcoin#btc-price#cryptocurrency
cryptocurrency1 year ago

"Anticipating Bitcoin's Pre-2024 Halving Price Surge: 3 Key Factors"

Grayscale Investments identifies key factors driving Bitcoin's price increase in 2024, including inflows into Bitcoin ETFs, resurgence of on-chain activity, and the incentivization of miners ahead of the 2024 Bitcoin halving. Factors such as demand shock from institutions buying Bitcoin for ETFs, increase in on-chain activity, and the reduction of BTC released per mined block due to the halving are expected to contribute to Bitcoin's surge. Additionally, the innovation of Bitcoin Ordinals and its impact on miner revenue and on-chain activity are seen as further strengthening Bitcoin's market position.

via BeInCrypto|
#bitcoin#bitcoin-halving#cryptocurrency
cryptocurrency1 year ago

Bitcoin's Rally Strengthens Towards $100,000 by 2024

Grayscale predicts that Bitcoin's upcoming halving event will lead to a steady price increase due to lower selling pressure and increased interest in native Bitcoin-based applications. On-chain activity has been revitalized by the introduction of ordinal inscriptions and BRC-20 tokens, generating significant transaction fees for miners. Additionally, the launch of spot bitcoin exchange-traded funds (ETFs) is expected to drive buying pressure and support higher prices post-halving. The halving, designed to reduce inflationary pressure on Bitcoin, historically precedes bull runs, and Grayscale believes that Bitcoin's market structure looks favorable for price appreciation after the event.

via CoinDesk|
#bitcoin#bitcoin-etfs#cryptocurrency
cryptocurrency2 years ago

Solana's Resilient Rally Amidst Market Volatility

Solana's SOL cryptocurrency has experienced a 50% rally in two weeks, with Coinbase being a significant source of bullish pressures, according to data from Kaiko. The cumulative volume delta (CVD) on Coinbase has increased by nearly $1 million, indicating net capital inflows. However, on-chain activity, such as the total value of assets locked in Solana-based DeFi protocols, has declined, suggesting that the recent price gains may not be justified.

via CoinDesk|
#bullish-pressures#coinbase#cryptocurrency