Ethereum's exchange reserves surged by 623,000 ETH in one week, signaling increased selling pressure as prices slipped below key support levels around $2,260. Large holders led the sell-off, while ETFs saw $130.6 million in outflows, reflecting bearish sentiment in the US market. Despite the price drop, on-chain data shows significant profit-taking by investors who bought ETH below $2,000, indicating cautious profit realization. Futures markets remain active with record open interest and positive funding rates, suggesting some traders are betting on price rebounds amid current volatility.
Ethereum surged over 18%, breaking above $2,000, driven by large leveraged positions and record inflows into ETH Spot ETFs from BlackRock, Fidelity, and Grayscale. Exchange supply of ETH dropped 15% over 11 weeks, signaling strong investor demand. Te...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
Ethereum's crowd sentiment reached its lowest point in three months, turning sharply bearish for the third time in about 30 days, while the price rose approximately 17%. This pattern, tracked by Santiment, has historically preceded price rebounds, su...
Bitcoin surged above $71,000 for the first time since June, driven by a massive short squeeze that liquidated about $3 billion in bearish bets. This breakout ended a six-week period of low volatility and narrow trading between $62,000 and $66,900. Th...
Fidelity Digital Assets cautions that AI-driven digital activity might largely occur within centralized systems operated by big tech and fintech firms, potentially limiting demand for public blockchains. This challenges the idea that autonomous AI ag...
