Tag: Data

Bitcoin Derivatives Data Signals Fear As Binance Net Taker Volume Turns Bearish

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Earlier today, Bitcoin (BTC) briefly fell below $115,000 – hitting a low of $114,116 – triggering panic selling across major crypto exchanges, including Binance. Sharp shifts in several key metrics, such as open interest and net taker volume, confirm the intensity of the sell-off. Bitcoin Decline Wipes Out $500 Million In Open Interest According to a Quicktake post on CryptoQuant by contributor Amr Taha, BTC’s drop below $115,000 led to a sharp decline in open interest on Binance, which fell from $14 billion to under $13.5 billion. Related Reading The…

Solana’s $87M Revenue Surpasses ETH, BTC amid Weak US Jobs Data

Key Notes SOL declined 16% from Monday’s $182 peak following disappointing US jobs data that added only 73,000 positions versus 110,000 expected. Solana generated $87 million network revenue in July, leading all blockchain networks for the tenth consecutive month ahead of Tron’s $61 million. Technical analysis shows $160 as critical support level with potential rebound to $182 if macro sentiment stabilizes and ETF optimism returns. Solana SOL $160.4 24h volatility: 7.1% Market cap: $86.21 B Vol. 24h: $8.30 B declined for a fifth straight session on Friday, closing the day…

Bitcoin and Stocks Tumble on Weak Jobs Data

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Investors were left jaded as new U.S. employment data came in weaker than anticipated, with significant downward revisions to boot. Lackluster Jobs Data Sends Bitcoin and Wall Street into Red Territory A disappointing July jobs report with lower-than-expected employment numbers and drastic revisions of data from previous months plunged stock and crypto markets into a […] Original

Crypto Stocks Slide as Markets React to Weak Jobs Data

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Shares of US crypto companies fell sharply on Friday amid a broader sell-off in risk assets, driven by disappointing economic data and renewed tariff threats. Shares of Coinbase (COIN), Riot Platforms (RIOT) and CleanSpark (CLSK) dropped between 7% and 16% in Friday trading. The declines mirrored broader market weakness, with the Dow Jones Industrial Average losing over 600 points, the S&P 500 falling 1.6% and the Nasdaq Composite down more than 2% in early trading. Coinbase’s losses extended a sell-off that began after hours on Thursday, following the company’s disappointing…

Bitcoin’s Calm Before the Storm? Binance Data Points to Big Shift Ahead

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Galaxy Digital Abruptly Moves $447,000,000 Worth of Bitcoin (BTC), Sends Most to Crypto Exchanges: On-Chain Data

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Crypto financial services giant Galaxy Digital has abruptly moved $447 million worth of Bitcoin (BTC), on-chain data shows. According to the blockchain tracking platform Lookonchain, Galaxy Digital has just moved 3,782 BTC, only days after making another massive transaction of the flagship crypto asset. “Is Galaxy Digital helping clients sell BTC again? [On Monday], Galaxy Digital has transferred out another 3,782 BTC ($447 million), most of which went to exchanges.” On Friday, Galaxy Digital said that it facilitated the successful execution of “one of the largest notional Bitcoin transactions in…

These Data Points Suggest Ether Price Could Soon ‘Blast Through’ $4K

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Key takeaways: Record Ethereum ETF inflows and accumulation by ETH corporate treasuries can drive demand to break $4,000. Rising network activity and Ethereum TVL metrics signal strong demand. ETH bull flag breakout targets $5,000. Ether (ETH) is approaching a critical juncture as it nears the $4,000 resistance level, a barrier it has failed to breach three times since February 2024.  This time, however, several converging factors, including strong ETF inflows, robust network activity, and favorable chart technicals, suggest a breakthrough may be imminent. ETH/USD daily chart. Source: Cointelegraph/TradingView “With $4,000…

Vietnam Unveils Blockchain Backbone for National Data Security

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Vietnam has taken a big step toward locking down its government data with the launch of NDAChain, a new blockchain network that only approved participants can join. Built by the National Data Association and overseen by the Ministry of Public Security’s Data Innovation and Exploitation Center, the system will serve as the main verification layer for everything from hospital records to school transcripts and supply‑chain logs. Centralized-Decentralized System Based on reports, NDAChain uses a hybrid model. It…

ETH Bulls Predict Rally To $9K: What Does Data Say?

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Key takeaways: ETH gained 50% in two weeks, and Elliott Wave models are pointing to a possible $9,000 top by early 2026. Onchain fundamentals are strong: 28% of ETH is staked, exchange balances are at their lowest since 2016, and new buyer inflows are accelerating. Network usage remains near full capacity, even after multiple block gas limit increases, highlighting persistent demand. Ether (ETH) has surged 50% in just two weeks, regaining investors’ attention after a largely underwhelming cycle. Still, at $3,730, ETH remains 23% below its all-time high from November…