Day: April 1, 2025

Bitcoin sellers ‘dry up’ as weekly exchange inflows near 2-year low

boss

Bitcoin (BTC) faces a new “consolidation zone” as exchange inflows tag multiyear lows, new analysis says. In a post on X on April 1, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, declared that Bitcoin sellers had “dried up.” Average exchange inflows down 64% since November Bitcoin sell-side pressure has eased considerably since its first push above the $100,000 mark in late 2024, data shows.  Analyzing BTC inflows to major crypto exchanges, Adler revealed a sharp drop in the 7-day average total sent for sale. “The average selling…

Bitcoin’s $767M ETF Outflows and Crowd’s Shifting Excitement

boss

Key Notes Spot BTC ETFs saw $767 million in net outflow in March. The crowd’s excitement proved to push the price in the opposite direction. Bitcoin ended its March win streak after four years. Bitcoin BTC $83 456 24h volatility: 1.5% Market cap: $1.66 T Vol. 24h: $23.98 B and the broader crypto market have struggled to keep up with social sentiment over the past month. Meanwhile, BTC-based spot exchange-traded funds (ETFs) in the US recorded their second-largest cumulative monthly outflow in March. The gradual decline in Bitcoin’s price started…

Ethereum Outpaces Solana to Reclaim No. 1 Spot as Leading DEX Chain for First Since September

Last month, Ethereum reclaimed its title as the leading smart contract blockchain for decentralized exchange (DEX) trading, as the market swoon dampened activity on Solana, the go-to platform for memecoin traders. Ethereum-based DEXes registered an industry-leading cumulative trading volume of $64.616 billion in March, beating Solana’s tally of $52.62 billion by 22%, according to data source DefiLama. That’s the first time since September that Ethereum topped the charts, pushing Solana to the number two spot. Top blockchains by DEX trading volumes. (DefiLlama) The change in leadership happened as the total…

Will Bitcoin Downtrend Continue? This Metric Suggests Yes

boss

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross is currently showing a trajectory that could suggest a bearish outcome for the BTC price. Bitcoin NVT Golden Cross Is Near Overheated Territory Right Now As explained by an analyst in a CryptoQuant Quicktake post, the NVT Golden Cross has a high value at the moment. The “NVT Ratio” is an on-chain indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume. The market cap here is simply the total value of the…

OpenAI to release its first ‘open’ language model since GPT-2 in 2019

boss

OpenAI is set to launch an “open” version of its language model this year, allowing developers to run the model on their own hardware. In an update posted to X on March 31, OpenAI CEO Sam Altman said the artificial intelligence firm would release the powerful “new open-weight language model with the reasoning” in the coming months but first wanted to gather feedback about “how to make it maximally useful.” “We’ve been thinking about this for a long time, but other priorities have taken precedence. Now it feels important to…

Tether buys $735M Bitcoin in Q1, total holdings reach $8.2B

boss

Tether, the issuer behind the USDT stablecoin, has continued its Bitcoin investment strategy, purchasing an additional 8,888 BTC on the last day of Q1 2025. The latest acquisition, which cost $735 million, expands Tether’s (USDT) total Bitcoin (BTC) holdings to 100,521 BTC, or roughly $8.29 billion, according to data from Arkham Intelligence. The acquisition is part of Tether’s ongoing strategy to bolster its reserves by allocating 15% of its profits to Bitcoin purchases, a commitment the company made in May 2023. Among the company’s other on-chain assets are $5.16 billion…

$2,300 Emerges As The Most Crucial Resistance

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As Ethereum (ETH) continues to experience a significant price downturn, recording a 17% drop over the past month, key resistance levels have emerged as critical points for the second-largest…

Solana (SOL) Holds Steady After Decline—Breakout or More Downside?

Solana started a fresh decline below the $132 support zone. SOL price is now consolidating and might struggle to recover above the $126 resistance. SOL price started a recovery wave from the $122 support zone against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key rising channel forming with support at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $126 zone. Solana…