Bitcoin In Exchange Wallets Skyrockets By $1.16B Monthly, Signalling Potential Market Pause
Centralized cryptocurrency exchanges are witnessing a surge in Bitcoin (BTC) deposits, with the pace accelerating to $1.16 billion monthly, the fastest since May. As reported by CoinDesk on Sunday, blockchain analytics firm Glassnode discovered that the balance of Bitcoin held in exchange wallets has risen to 31,382.43 BTC ($1.16 billion), taking the total exchange wallet […]
Ethereum addresses in Profit Plummet to 53.5% – Glassnode
The percentage of Ethereum addresses currently in profit has fallen to approximately 53.5%, according to blockchain intelligence platform Glassnode. This drop is attributed to the recent decline in Ether’s market performance, with its price sliding around 13% in the past month. Glassnode’s data suggests that the last time Ethereum addresses in profit dipped below 54% […]
Over 80% of Bitcoin short-term holders in losses: Glassnode
According to on-chain data from Glassnode, 83.7% of the Bitcoin short-term holder supply is currently in an unrealized loss. Only 16.3% of the short-term holder supply is currently in profit. Glassnode’s “percent supply in profit” indicator looks at the percentage of the total circulating Bitcoin supply that has gained value based on the previous selling […]