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The event highlights the region's growing role in blockchain innovation.
Unspent transaction outputs (UTXOs) are an integral component of Bitcoin’s structure, essentially serving as the building blocks of the blockchain. As its name suggests, each unspent transaction output represents a discrete unit of Bitcoin that hasn’t been spent, originating from the conclusion of a previous transaction. They form the foundation of Bitcoin’s ledger, tracking the […]
The post Bitcoin price stabilizes but profitability gap points to unease appeared first on CryptoSlate.
Monitoring the supply of Bitcoin held on exchanges is important because significant changes in the metric are very good at reflecting market sentiment. When the supply of Bitcoin on exchanges rises, it indicates that the market is ready to trade and take advantage of short-term opportunities. Conversely, when Bitcoin has moved off exchanges, it usually […]
The post Large transactions drive Bitcoin withdrawal from exchanges appeared first on CryptoSlate.
Tracking the percentage of STH supply in loss is crucial for understanding market sentiment and potential price movements. A high percentage of Bitcoin supply in loss indicates that a significant portion of recent buyers are holding positions at a loss, which can be a precursor to increased sell pressure if these holders decide to cut […]
The post Realized losses minimal despite 80% of STH supply being underwater appeared first on CryptoSlate.
According to the latest on-chain data, a crypto company has redeemed and transferred a significant amount of Ether tokens from the staking platform Lido to the cryptocurrency exchange Binance. Could this hold a bearish consequence for the Ethereum price? Is ETH Price Preparing For Further Correction? According to data from Arkham Intelligence, digital asset management firm Metalpha redeemed 10,000 ETH (worth about $26 million) from the liquid staking platform Lido on Saturday, August 17. Following the withdrawal to the Metalpha-labeled Gnosis Safe Proxy wallet, the Ether tokens were then sent to Binance, the worlds largest cryptocurrency exchange. Related Reading: Bitcoin Market Facing A Persistent Net Sell-Side Bias, Glassnode Reveals It is worth keeping an eye on this type of asset movement, especially considering the direction and magnitude of this transfer and the potential impact on the Ethereum price. Moreover, these fund movements could provide an insight into the sentiment amongst institutional and large investors at the moment. As shown on Arkhams dashboard, the ETH tokens were transferred from a Gnosis Safe Proxy wallet to a wallet on the Binance exchange. Gnosis Safe Proxy wallets are known for their multi-signature feature, which requires authorization from multiple parties to execute a transaction. While the multi-sig nature of the sender wallet is quite interesting, the move of assets to a custodial wallet on a centralized exchange is an even bigger narrative. Typically, when investors transfer their digital assets to an exchange, it implies that they want to utilize one of these centralized platforms services, which includes selling. Consequently, the latest flow of Ether tokens to the Binance platform could carry bearish consequences for the Ethereum price, if Metalpha does intend to sell with this move. With the rationale behind this move unknown, it remains to be seen whether the altcoin will feel downward pressure off the back of the transaction. Ethereum Price At A Glance As of this writing, the ETH token has yet to witness any significant price movement in the last few hours. Instead, the Ethereum price has continued to consolidate around the $2,600 level, with a mere 0.5% increase in the past day. Nevertheless, the second-largest cryptocurrency is in a much better position than it was less than two weeks ago. The Ethereum price has shown good signs of recovery after falling to a multi-month low of $2,200 in early August. Related Reading: Cardano Sees Massive 150% Volume Surge, Yet ADA Price Stalls With 4% Decline On the broader timeframe, though, the price of ETH seems to have lost the momentum it displayed earlier in 2024. According to data from CoinGecko, the price of ETH is still down by nearly 25% in the past month. Featured image from Shutterstock, chart from TradingView
Bitcoin’s drop to below $50,000 on Aug. 5 marked the largest drawdown in the current cycle, resulting in substantial profit losses and liquidations. And while BTC has shown solid signs of recovery since then, consolidating around $60,000, the market still remains cautious as it recently dipped below this psychological support. This cautiousness is best seen […]
The post Bitcoin market cautious as longs and shorts balance out appeared first on CryptoSlate.
Miner revenues serve as a barometer for the overall state of the Bitcoin ecosystem, reflecting the delicate balance between mining costs, Bitcoin price, and network difficulty. Since Apr. 24, miner revenue has consistently been below its 365-day simple moving average (SMA), with only two brief exceptions in early June. This prolonged period of below-average revenue […]
The post Puell Multiple drops as miner revenues hit 10-month low appeared first on CryptoSlate.
Bitfinex Alpha reports Bitcoin (BTC) nearing a local bottom amid market volatility, influenced by German government and Mt. Gox sales fears. (Read More)
The market has been gearing up for volatility before the launch of spot ETH ETFs in the US today. While ETH’s price action has been relatively uninteresting in the past few weeks, it seems that large holders are expecting price swings and are rushing to cash out. Glassnode’s data on realized profit for Ethereum holders […]
The post Large holders cashed out ahead of Ethereum ETF launch appeared first on CryptoSlate.
Three finalists are competing for $1 million in seed capital at the Bitcoin Alpha Competition. Crowd-sourced fund managers are taking center stage at the worlds largest Bitcoin conference.
Miner revenue per exahash measures miners’ daily income relative to their contribution to the network’s hash rate, showing how much miners earn per unit of computational power they contribute. This metric is important because it reflects the profitability and economic viability of Bitcoin mining, directly influencing decisions on resource allocation, investment, and operational strategies. Given […]
The post Bitcoin miners diversify and consolidate to survive revenue drop appeared first on CryptoSlate.
Changes in futures and options open interest provide insight into market sentiment, liquidity, and potential price movements. Futures and options reveal how traders position themselves and show their expectations for future price action. Open interest measures the flow of money, showing whether new capital is entering or exiting the market. Looking at open interest, we […]
The post Bitcoin’s rally rekindles the derivatives market appeared first on CryptoSlate.
Polygon (MATIC) Miden Alpha Testnet v3 introduces sub-second updates, transaction IDs, and a no-std client, aiming to revolutionize dApp development. (Read More)
Before the June 7 price decline, Bitcoins volatility over the previous 15 days was within the bottom 6% of occurrences.
Centralized exchanges are the primary gateways for traders to buy and sell crypto. Despite the significant rise in popularity and usage of decentralized exchanges (DEXs) in the past year, CEXs still facilitate most crypto trades. As such, they provide the foundational infrastructure for market liquidity and price discovery. Understanding their health and performance is important […]
The post Despite heavy outflows, CEXs continue to be pillars of liquidity appeared first on CryptoSlate.
Tracking changes in liquidity is equally important as monitoring changes in Bitcoin‘s on-chain data. Each price movement, be it up or down, exerts significant pressure on liquidity. One way to analyze changes price swings bring to the market is to look at market depth. The aggregated 2% market depth and the 2% bid vs. ask […]
The post Market depth reveals Bitcoin’s underlying strength at $70k appeared first on CryptoSlate.
The funding rate for perpetual futures serves as a proxy for market sentiment and shows the balance between long and short positions. Significant deviations from the average funding rate across exchanges can signal potential imbalances in positioning. A spike in the funding rate on a particular exchange shows a large number of long positions, which […]
The post Funding rate volatility shows localized trading imbalances despite market stability appeared first on CryptoSlate.
Amazon plans to counter growing competition from Temu and Shein by launching a new section on its app that offers discounted items shipped directly from China. This initiative, detailed in a presentation to top Chinese sellers, aims to deliver low-cost goods to American customers within nine to eleven days. By incorporating this section on its [...]
The post Amazon launches discounted Direct-from-China section to compete with Temu and Shein appeared first on Crypto Breaking News.
The Bitcoin derivatives market experienced significant volatility in the past week. In addition to fluctuations in open interest (OI), trading volume fluctuated significantly. Data from Glassnode showed that the total 24-hour trading volume for perpetual futures across all exchanges dropped from $53.156 billion on June 12 to $10.910 billion on June 15. Trading volume rebounded […]
The post Perpetual futures trading volume surges as Bitcoin spot trading lags appeared first on CryptoSlate.
Runway introduces Gen-3 Alpha, a revolutionary model enhancing video generation with improved fidelity and motion, setting new industry standards. (Read More)
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