Tag: Data

Cardano (ADA) Testing $0.34 Support – On-Chain Data Suggests Price Consolidation

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Este artículo también está disponible en español. Cardano (ADA) is now at a crucial price level after weeks of intense volatility and uncertainty. Following a dramatic series of price swings—first a 27% surge, then a 20% retrace, then a 10% rise, and now a 7% dip to $0.34—Cardano finds itself at one of its most critical support levels. Holding this level is essential for bulls to maintain momentum and avoid a deeper decline. Related Reading Market data from Coinglass indicates that ADA may be entering a consolidation phase, often preceding…

Bitcoin Price Crash To $62,000 Was Led By This Holer Cohort, Data Shows

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Este artículo también está disponible en español. The Bitcoin price is still recovering from a major dip to $60,000 in the first three days of October. As the bulls and long-term holders continue to capitalize on the dip, analysis of on-chain data has revealed that the selling pressure has been eased massively as the majority of short-term holders have exited the market. Interestingly, these short-term holders are accountable for the drop to $60,000, as the data shows many of them exiting the market during the initial decline, further exacerbating the…

Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure

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Este artículo también está disponible en español. Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend typically points to increased accumulation and could foreshadow a bullish breakout. Related Reading As the broader crypto market evolves, Ethereum investors remain vigilant, anticipating a bullish reclaim that…

Whales didn’t sell Bitcoin at $62k, on-chain data shows

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Bitcoin faces yet another correction after surpassing the $62,000 mark on Oct. 2. However, data shows that whales haven’t taken part in the latest selloff. Bitcoin (BTC) consolidated around the $60,000 zone between Oct. 1 and 4 as the geopolitical tension between Iran and Israel heated up. Right after the U.S. jobs report, the flagship cryptocurrency reached a local high of $62,370 on Oct. 5 as the broader crypto market witnessed bullish momentum. BTC price – Oct. 6 | Source: crypto.news Bitcoin declined by 0.2% in the past 24 hours…

Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand

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Este artículo también está disponible en español. SUI is currently testing a crucial supply zone following a massive 95% surge triggered by the Federal Reserve’s recent interest rate cut announcement. The explosive rally, driven by significant buying pressure, has led to volatile price action, raising questions about whether this upward momentum can be sustained.  As SUI hovers near its current highs, market speculation is increasing around the possibility of a correction to lower demand levels, with $1.40 being the key target. Related Reading Key data from Coinglass reveals a decline…

Is Bitcoin Gearing Up For A Bigger Rally? Here’s What On-Chain Data Reveals

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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…