Tag: Data

Bitcoin Dives As On-Chain Data Shows Every Cohort Now Selling

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Ether’s Upswing In August May Reverse In September: Data

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Ether’s price has climbed 25% since the beginning of August, but historical data suggests the cryptocurrency could lose steam in September. Only time will tell if Ether (ETH) plays out differently this year, with billions flowing into spot Ether ETFs and treasury companies. Crypto trader CryptoGoos said in an X post on Friday, “ETH seasonality in September during post-halving years is typically negative. Will this time be different?” Ether is trading at $4,759 at the time of publication, up roughly $952 from its Aug. 1 opening price of $3,807, according…

Could Ethereum Be Eyeing New Highs? Analyst Spot Bullish Trends in Netflow Data

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Ethereum’s price has maintained notable strength in recent weeks, giving many investors reason for cautious optimism. The asset briefly traded near $4,700 last week, close to its all-time high of $4,878 recorded in 2021, before correcting to its current level around $4,633. Despite this pullback, Ethereum is still up nearly 30% over the past month, according to CoinGecko data, putting a majority of holders back into profit. Alongside these price developments, analysts continue to monitor exchange data for signs of broader market sentiment. One such analysis comes from PelinayPA, a…

Bitcoin Weakness Vs. Ethereum Strength: On-Chain Data Reveals Divergence

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As Bitcoin (BTC) stalls near the $113,000 level, Ethereum (ETH) continues to show strength, highlighting a clear divergence in price action between the top two cryptocurrencies by market cap. This contrast has some investors considering a rotation from BTC into ETH to capture the latter’s bullish momentum. Bitcoin Shows Correction Risks – Is ETH Safe? According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, on-chain data reveals underlying weakness in BTC price action. By contrast, ETH is displaying notable resilience even as broader crypto market momentum fades. Related…

ETH Treks Toward $5K As Data Confirms Trend Change

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Key takeaways: Ethereum network activity surged by 63% in 30 days, strengthening the case for an imminent breakout to $5,000.  Ether futures open interest jumped to $69 billion, highlighting robust demand for leveraged exposure. Ether (ETH) rallied to its highest level in nearly four years on Friday, sparking $351 million in liquidations from leveraged bearish bets. The surge came after investors priced in a less restrictive monetary policy in the United States, following remarks from US Federal Reserve Chair Jerome Powell. Will this momentum finally push ETH beyond the $5,000…

US Court Grants Brief Stay In Coinbase Lawsuit Involving Biometric Data

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An Illinois judge has granted a motion to stay proceedings in a lawsuit against cryptocurrency exchange Coinbase pending a ruling in the appellate court. In a Thursday filing in the US District Court for the Northern District of Illinois Eastern Division, Judge Sharon Johnson Coleman granted a motion filed by Coinbase to stay a lawsuit involving alleged violations of the state’s Biometric Information Privacy Act. The motion requested waiting for a ruling from the US Court of Appeals for the Seventh Circuit, which is considering a case involving Nuance Communications…

Kroll Is Facing a Class Action Lawsuit As Its Data Breach Led to Phishing Email.

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Financial and risk advisory firm Kroll is facing a class-action lawsuit for alleged negligent behavior over a data breach that impacted creditors of FTX, BlockFi and Genesis. The lawsuit was filed on Tuesday in a US district court by Hall Attorneys on behalf of FTX customer Jacob Repko and other crypto creditors affected by Kroll’s data breach. The suit claims that crypto creditors have been facing phishing attacks, a cybercrime where malicious actors try to gain sensitive information, due to a Kroll data breach in August 2023, in which malicious…

Has Bitcoin Bull Run Really Ended? Here’s What MVRV Data Suggests

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Bitcoin continues to retrace from its record highs, with the asset trading below $115,000 at the time of writing. Current price levels place Bitcoin near $113,098, a decline of around 6.5% over the past week and close to 9% below its all-time peak. Despite the downturn, analysts monitoring on-chain data suggest the broader market cycle may still have room to extend upward. One such view comes from CryptoQuant’s QuickTake contributor, PelinayPA, who analyzed Bitcoin’s market value to realized value (MVRV) ratio. The analyst noted that while recent corrections may weigh…

Is Bitcoin’s Bull Market Ending? Onchain Data Says Yes

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Key takeaways: BTC’s 700% rally from $15,500 to $124,500 suggests a market top in 2 to 3 months, based on past cycles. Bitcoin supply in profit has been elevated for 273 days, signaling a potential cycle peak soon.  Bitcoin risks dropping into the $90,000-$100,000 range if the psychological support at $110,000 is lost. Bitcoin (BTC) is struggling to reclaim $114,000 on Thursday, as a convergence of onchain metrics signals waning bullish momentum and a classic setup for a market late in its cycle.  The Bitcoin market is nearing a cycle…

ETH Futures Neutral As Onchain Data Points To Price Rebound

Key takeaways: Ether’s futures premium and derivatives remain stable, reflecting resilience despite the recent price downturn. Onchain metrics highlight Ethereum’s dominance in fees and TVL, supporting stronger long-term recovery potential. Ether (ETH) appears to have found support near $4,070 on Wednesday after a sharp six-day, 15.1% drop. The move erased $817 million in bullish leveraged positions but failed to trigger a broad bearish shift. Instead, ETH derivatives show traders remain unfazed by additional downside, suggesting $4,700 remains within reach.  ETH 6-month futures annualized premium. Source: laevitas.ch ETH’s annualized futures premium…