Bitcoin whale wallets holding 1,000 to 10,000 BTC are shrinking at the fastest rate this year, mirroring the 2022 bear market conditions when accumulation stalled and turned negative. Dolphin wallets, mainly ETFs and corporate treasuries, continue to grow but at a much slower pace. Long-term Bitcoin holders now hold a record 15.8 million BTC, but this reflects weak short-term demand rather than bullish sentiment. Bitcoin price is pressing the lower Bollinger Band around $72,551, with technical indicators suggesting potential further declines toward $70,000 or lower unless ETF inflows improve and price recovers above key moving averages.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
