Bitcoin's spot price is now about 21% above its realized price, indicating most holders are still profitable and the market hasn't hit a classic long-term bottom. The gap between spot and realized price has rapidly narrowed from a 120% premium in late 2024 to 21% now, suggesting a fast compression phase rather than a full reset. Historically, true accumulation zones occurred when spot price fell below realized price, signaling widespread losses and market capitulation, which hasn't happened yet. Bitcoin may need to drop further toward $54,000 to reach that level, but strong ETF inflows and price resilience suggest buyers remain active despite the lack of on-chain capitulation signals.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
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'...
