Latest news with #Glassnode
Yahoo
3 days ago
- Business
- Yahoo
Two Ways This Bitcoin Bull Market is Sturdier Than 2020-21 and 2017
Bitcoin BTC has long been criticized for its high volatility, with bull runs marked by sudden, sharp pullbacks that would qualify as full-blown bear trends in stocks. However, the latest bull market, which kicked off in early 2023, feels different in a positive way, exhibiting relatively low volatility and drawdowns. According to data tracked by Glassnode, bitcoin's realized volatility on a three-month rolling basis has averaged less than 50% during this bull cycle, significantly lower than the 80% to 100% observed during previous bull runs. The same thing can be said about the 30-day implied volatility, tracked by Volmex's BVIV index, which has been in a downtrend, according to data source TradingView. The implied volatility refers to the expected price turbulence over a specific period and is a forward-looking metric. The stability likely stems from bitcoin's ever-growing market capitalization, which inadvertently fosters stability and increased institutional participation through ETFs and derivatives. "Boasting a market capitalization of over $2T, Bitcoin now ranks as the 7th largest asset worldwide. As liquidity deepens, and the valuation of an asset reaches these heights, the capital required to meaningfully move the price of the asset becomes significantly larger," Glassnode said, explaining the volatility meltdown. "Additionally, the launch of the US Spot ETF Products, supplemented by increasing regulatory clarity, has altered the underlying composition of the investor base, allowing sophisticated, institutional investors and capital to gain exposure to bitcoin for the first time," Glassnode added. Pull up the price chart from 2020-21, and you'll see that bitcoin's then-bull run from $4,000 to $70,000 had several steep price pullbacks, sometimes more than 30%. In traditional markets, a drawdown of over 20% is typically considered a bear market. Now compare it to the rally from roughly $30,000 to over $100,000 since March 2023, and the picture looks different. It has been a stair-step ascent, characterized by an impulsive move higher followed by broad accumulation ranges that set the stage for the next leg higher. "We've observed a shallower drawdown profile relative to previous bull markets, with the current cycle drawdowns generally less than -25% from the local high, with only two instances exceeding -30%," Glassnode said. The change in character is again linked to institutional participation, lower leverage and speculative excesses in the broader market. Major exchanges, including Binance, offered 100X leverage during the previous bull runs, allowing investors to control a significantly larger trading position. Such use of leverage helped investors juice up profits but also magnified losses, resulting in liquidation cascades and frequent double-digit price corrections. However, exchanges eventually cut down the leverage significantly, curbing speculative excesses. That seems to have contributed to the sturdier rally this time.
Yahoo
4 days ago
- Business
- Yahoo
Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates
Bitcoin BTC is currently consolidating between $107,000 and $109,000, remaining just a few percentage points shy of its all-time high. While this tight range may appear stable on the surface, on-chain data suggests a shift in sentiment among some of the market's most influential participants, the large holders known as whales. Glassnode's Accumulation Trend Score, a measure of accumulation behavior across various wallet-size cohorts, offers deeper insight into this evolving market dynamic. The metric evaluates the strength of purchasing by combining the size of wallet entities with the volume of bitcoin acquired over the past 15 days. For the largest holders, the value has dropped to 0.4. A reading closer to 1 indicates strong buying, whereas a level near 0 points to sales. Crucially, wallets associated with exchanges and miners are excluded from this analysis to provide a clearer picture of investor behavior. What stands out is that entities holding 10,000 BTC or more typically classified as whales were the first to begin accumulating at the market's April lows at around $75,000. Now, they are starting to reduce their holdings while the other wallet cohorts remain in accumulation mode. This pivot suggests a strategic shift, potentially driven by a desire to lock in profits near historic highs or a more cautious outlook on short-term price direction. Supporting evidence for this shift in behavior comes from exchange-flow data that shows whale wallets had been steadily withdrawing bitcoin over the past month, a bullish signal that implies they were not looking to sell their holdings in the short term. This trend now appears to be reversing. In two of the past three days, whales have deposited BTC back onto exchanges, a pattern commonly associated with imminent selling activity. This nuanced behavior raises the critical question: Are whales anticipating a local top?
Yahoo
4 days ago
- Business
- Yahoo
Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates
Bitcoin BTC is currently consolidating between $107,000 and $109,000, remaining just a few percentage points shy of its all-time high. While this tight range may appear stable on the surface, on-chain data suggests a shift in sentiment among some of the market's most influential participants, the large holders known as whales. Glassnode's Accumulation Trend Score, a measure of accumulation behavior across various wallet-size cohorts, offers deeper insight into this evolving market dynamic. The metric evaluates the strength of purchasing by combining the size of wallet entities with the volume of bitcoin acquired over the past 15 days. For the largest holders, the value has dropped to 0.4. A reading closer to 1 indicates strong buying, whereas a level near 0 points to sales. Crucially, wallets associated with exchanges and miners are excluded from this analysis to provide a clearer picture of investor behavior. What stands out is that entities holding 10,000 BTC or more typically classified as whales were the first to begin accumulating at the market's April lows at around $75,000. Now, they are starting to reduce their holdings while the other wallet cohorts remain in accumulation mode. This pivot suggests a strategic shift, potentially driven by a desire to lock in profits near historic highs or a more cautious outlook on short-term price direction. Supporting evidence for this shift in behavior comes from exchange-flow data that shows whale wallets had been steadily withdrawing bitcoin over the past month, a bullish signal that implies they were not looking to sell their holdings in the short term. This trend now appears to be reversing. In two of the past three days, whales have deposited BTC back onto exchanges, a pattern commonly associated with imminent selling activity. This nuanced behavior raises the critical question: Are whales anticipating a local top?
Business Mayor
25-05-2025
- Business
- Business Mayor
Ethereum Price Prediction: ETH Whales Quietly Shift Millions Into This XRP Rival As ICO Hits $15.3 Million
Ethereum price prediction is drawing a lot of attention right now. The market is shifting, and some big investors are quietly moving millions into a new XRP rival. That project, Remittix, has already raised over $15.3 million in its ICO . If you want to understand where Ethereum and its investors are heading, and why Remittix is catching so much interest, keep reading. This article breaks down the latest moves, the Ethereum price prediction and the rise of Remittix as a strong contender. Ethereum price prediction remains cautiously optimistic amid market shifts Ethereum's price has shown strength, but the road ahead is uncertain. Analysts expect ETH to hover around key support levels like $2,500, but some warn of possible dips if the market turns bearish. Source: TradingView According to Glassnode and CoinMetrics data, Ethereum's activity is growing, with more users signaling interest in the network. Volume will be the key driver. But, without steady buying, ETH might struggle to break past its recent highs. Still, institutional money, especially inflows into Ethereum -focused ETFs, adds positive momentum. Grayscale's Ethereum Trust recently saw a $45 million inflow and spot ETH ETFs reported strong net inflows, showing confidence among large investors. The Ethereum price prediction suggests cautious hope for a rally, but traders must stay alert to changing market conditions. Ethereum investors seek new opportunities beyond the mainstream Ethereum whales are rumored to be quietly shifting funds into emerging assets that could offer bigger returns. With ETH facing resistance and regulatory uncertainties, these investors diversify to capture growth in other areas. Source: TradingView This trend is backed by data from Santiment and CryptoQuant, which show rising activity in smaller tokens linked to the Ethereum ecosystem. Traders want exposure to tokens that combine solid technology with real-world use cases and they want projects that can benefit from Ethereum's network effect. Clearly, Ethereum investors need to be smart about their choices. The crypto market is volatile, and some projects will fail while others could surge dramatically. Many look for tokens that solve real-life problems, which is where new contenders like Remittix come into play, offering both innovative solutions and investor appeal. Remittix sees a surge in price as Ethereum investors drive ICO past $15.3 million Remittix , a payment-focused project, has captured the attention of Ethereum whales and smaller investors alike. Its ICO revenue recently passed $15.3 million, a clear sign that the market believes in its potential. The platform allows users to send crypto as fiat currency to bank accounts worldwide, which fills a big gap in the current crypto space. Many Ethereum investors see Remittix as a next-generation rival to XRP. Its design hides blockchain complexity from users, letting receivers get money in their local currency without unnecessary fees or delays. With over 100 cryptocurrencies supported, Remittix aims to bridge crypto and traditional finance efficiently. Experts note that Remittix offers staking rewards between 4% and 8% per year, making it attractive for holders who want passive income. Its native token, RTX, will launch on major exchanges soon, boosting liquidity and access. Analysts hint that Ethereum whales are quietly moving millions into Remittix, hinting at strong confidence. This shift of capital highlights a growing interest in projects that bring real utility beyond just price speculation. Read More How VeChain's New Token Rewards Sustainability - DailyCoin Conclusion: Remittix stands out as a smarter bet in a shifting market While Ethereum's price prediction points to cautious optimism, many investors are considering projects like Remittix . It offers practical solutions, growing adoption and strong backing from Ethereum whales. As the ICO crosses $15.3 million, the momentum behind Remittix only grows. For those looking beyond Ethereum's current swings, Remittix presents a chance to get in early on a project designed to bridge crypto and fiat worlds. If you want to find a smarter investment that could outperform Ethereum , what are you waiting for? Remittix deserves a serious look. Discover the future of PayFi with Remittix by checking out their presale here: Website : Socials:
Yahoo
24-05-2025
- Business
- Yahoo
Bitcoin Enters Strongest Accumulation Phase Since January as BTC Price Passes $110K
Bitcoin BTC has entered a strong accumulation phase across all wallet cohorts for the first time since January, signaling renewed bullish sentiment as the largest cryptocurrency trades above $110,000, an 18% gain over the past month. Glassnode's Accumulation Trend Score has reached its maximum value of 1.0, indicating broad-based, aggressive accumulation by investors irrespective of the amount of BTC they already hold. The metric evaluates the relative strength of buying by different wallet sizes, factoring in both their existing holdings and the amount acquired over the past 15 days. It excludes exchanges and miners to avoid distortion. The latest accumulation wave began in early May, led by whales holding over 10,000 BTC. As the price began to climb, cohorts with smaller holdings followed, intensifying their accumulation behavior. This marks a significant shift from the January-to-April period, when most cohorts were in reducing their holdings as bitcoin tumbled from its then-record high of $109,000 to lows around $75,000. The renewed demand is supported by options market activity, with CoinDesk Research highlighting large bullish positions. The $300,000 strike for June expiry has become the most popular call option, with $620 million in notional value, and an additional $420 million is concentrated around the $200,000 strike. While bitcoin historically tends to fall after hitting an all-time high due to profit-taking, traditional assets like the S&P 500 and gold often extend their rallies in similar scenarios. If bitcoin were to follow this more mature asset behavior, it may signal the beginning of a sustained bull cycle, a trend many in the market are now watching closely.
