🥳 #ETH #ETF Bitwise CCO: There are fewer and fewer problems in the documents for ETH-ETF. There are all signs that we are close to launch. cointelegraph
🇮🇹🏦 The Bank of Italy will release guidance on cryptocurrencies in the “coming days.” cointelegraph.com
📊 #BTC Analyst C.Q.: Supply 10-100BTC has shown growth recently, but it's hard to call this accumulation that could affect the price.
The real accumulation occurred at the 17-20K level and after the ETF launch at 40-66K.
The 40K level could become a good stress point to test newbies
The real accumulation occurred at the 17-20K level and after the ETF launch at 40-66K.
The 40K level could become a good stress point to test newbies
🤔 #BTC K33 Research: The market will have to absorb $4 billion to $7 billion of bitcoin selling pressure throughout the middle of the year, which will weigh on prices.
We expect these flows to burden performance in the months to come and the choppy market conditions to last until October.
We expect these flows to burden performance in the months to come and the choppy market conditions to last until October.
📊 #BTC Report glassnode:
▪️ BTC recorded its deepest drawdown of the current cycle, trading >26% below ATH. Despite this, the drawdown remains historically small compared to past cycles.
▪️ This price decline resulted in unrealized losses for a significant volume of short-term holders.
▪️ Despite increased financial pressure from short-term holders, the magnitude of recorded losses remains relatively low compared to the size of the market.
▪️ BTC recorded its deepest drawdown of the current cycle, trading >26% below ATH. Despite this, the drawdown remains historically small compared to past cycles.
▪️ This price decline resulted in unrealized losses for a significant volume of short-term holders.
▪️ Despite increased financial pressure from short-term holders, the magnitude of recorded losses remains relatively low compared to the size of the market.
💰 ThirdFi raised $2 million to scale and monetize web3 infrastructure. thirdfi.org
📊 #ETH IntoTheBlock: Ethereum has reclaimed $3,000 but faces significant resistance around $3,200.
Approximately 2M addresses that traded ETH at this level are now at a loss, potentially ready to sell as they break even.
Approximately 2M addresses that traded ETH at this level are now at a loss, potentially ready to sell as they break even.
📉 #BTC The Exchange Flow Multiple (30D/365D) has dropped to its lowest level. This is the fifth time in the last six years.
The most accurate name for this market situation is "waiting period"
The most accurate name for this market situation is "waiting period"
🕵️♂️ 11,069 #ETH (~$34.3 million) transferred from an unknown wallet to Coinbase