Year: 2024
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Insights
Bitcoin whales make waves by snapping up more coins despite summer price stabilization
The number has surged by approximately 500 since June, despite Bitcoin’s price stabilization around the $29,000 mark. These entities, unphased…
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Insights
Contrasting currents in crypto market as Bitcoin futures plunge, crypto-margin soars
Quick Take The recent data analysis indicates a critical shift in Bitcoin futures contracts, particularly in the wake of the…
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Insights
Binance receives unprecedented Bitcoin transfer as ‘whales’ influence sends market plunging
Quick Take Yesterday marked a significant movement in the Bitcoin market, recording a roughly 4% decline in value, as the…
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Insights
Bitcoin holds steady amid surprising U.S. unemployment surge and dollar dip
Quick Take The recent rise in the U.S. unemployment rate from 3.5% to 3.8%, despite projections of it holding steady,…
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Insights
Bitcoin’s bearish stance underlines market disquiet as it trails key averages
As Bitcoin hovers precariously around the $26,000 mark, it remains beneath several significant key indicators, signaling a bearish outlook. It’s…
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Insights
Bitcoin miner balance decline mirrors drop in hash rate, triggering market caution
Quick Take The recent downturn in Bitcoin can be seen in the fluctuations witnessed in the miner balance. Last week,…
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Insights
Short-term bitcoin holders retreat, reshaping market balance towards long-term investors
Quick Take Bitcoin’s landscape has recently seen a significant shift. Short-term holders, defined as entities holding Bitcoin for less than…
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Insights
Dollar ascends to year high with crypto value test just around the corner
Quick Take The DXY Index, a measure of the value of the U.S. dollar relative to a basket of foreign…
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Insights
Bitcoin bull run traced to ‘smart money’ as 40% of total supply held for over three years
In the wake of Bitcoin’s meteoric rise from $10k to $60k, our analysis reveals a staggering 40% of the total…
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Insights
Bitcoin’s drop to $25k coincides with peak in long-term holding
Quick Take The Spent Output Profit Ratio (SLRV) inversion occurred on August 13, preceding a notable drop in Bitcoin’s value…
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