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94% of all Bitcoin in profit hints that $69K BTC price was a local top
22.10.2024
Bitcoin price was rejected due to profit-taking and big resistance at $69,000, but breaking it would trigger over $1.6B in short liquidations
WBTC Hits New High on Aave, Coinbase’s Wrapped Bitcoin Supply Soars
27.9.2024
It’s been 48 days since Bitgo revealed its partnership with Bit Global on Aug. 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has soared to a new peak. Meanwhile, cbBTC, the bitcoin derivative token from Coinbase, has hit a market cap of $247.8...
Illiquid Bitcoin Entities Now Control Record 74% of BTC's Circulating Supply
4.9.2024
According to ETC Group, the new high is a sign that the halving-induced supply shock is intensifying
75% of all Bitcoin has been hodled for over 6 months
19.8.2024
Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months
45% of Bitcoin supply has not moved in 6 months — Research
14.8.2024
A healthy portion of Bitcoin hodlers refuse to let go of their coins no matter what BTC price action delivers
QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes
3.8.2024
QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market Correction Driven by Bitcoin Supply Surge and Bearish...
Sen. Lummis proposes US government purchase 5% of total Bitcoin supply
28.7.2024
The pro-crypto Senator introduced the Bitcoin Reserve Bill while declaring "this is the solution, this is the answer, this is our Louisiana purchase moment, thank you Bitcoin!"
Sen. Lummis proposes US government purchase 5% of total Bitcoin supply
28.7.2024
The pro-crypto Senator introduced the Bitcoin Reserve Bill while declaring "this is the solution, this is the answer, this is our Louisiana purchase moment, thank you Bitcoin!"
Sen. Lummis proposes US government purchase 5% of total Bitcoin supply
28.7.2024
The pro-crypto Senator introduced the Bitcoin Reserve Bill while declaring "this is the solution, this is the answer, this is our Louisiana purchase moment, thank you Bitcoin!"
Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift
17.5.2024
Bitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. A report by Bybit claimed that the diminishing supply could deplete within the next nine...
Bitcoin Supply On Exchanges Has Almost Depleted, Says Bybit
17.4.2024
Between ETF inflows and the upcoming halving, Bybit says exchanges may soon run out of Bitcoin to sell.
The post Bitcoin Supply On Exchanges Has Almost Depleted, Says Bybit appeared first on Cryptonews
Imminent BTC Supply Squeeze: Bybit Report Suggests Bitcoin Exchanges to Run Dry in 9 Months
16.4.2024
As the crypto landscape evolves, a significant tightening in bitcoin’s available supply on exchanges has emerged, hinting at just nine months of reserves left. Bybit’s latest halving report unveils the reasons behind this tightening grip, indicating a looming scarcity that could...
Bitcoin Supply Inactive for a Year Slides to 18-Month Low of 65.8%
9.4.2024
The decline likely represents profit-taking by investors who held coins for one year and over and marks a shift from the holding strategy seen through 2023
With 1 Month to Go, Bitcoin Halving Poised to Shift Mining Dynamics
20.3.2024
Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving. The summary below outlines the essentials to grasp...
Over 93% of Bitcoin Mined Ahead of Fourth Halving, Signaling New Era of Scarcity
18.3.2024
As of the current moment, 93.6% of bitcoin’s total supply has already been mined, leaving only 1.34 million bitcoins remaining to be extracted. After the upcoming halving event, the issuance rate of the leading digital currency will decelerate, significantly reducing its availability more...
Peter Schiff Downplays Importance of Bitcoin Halving — Discusses ‘What Matters Most’ for BTC Price
14.3.2024
Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners...
Mark Cuban: Bitcoin Demand to Outpace Supply, BTC Is a Great Store of Value
8.3.2024
Billionaire investor Mark Cuban, a minority owner of the National Basketball Association (NBA) team Dallas Mavericks, expects the price of bitcoin to go up due to the supply-demand dynamic. “I do feel that the demand is going to exceed the number of people selling,” he explained...
Bitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K; ETF Inflows Hit $4B
14.2.2024
The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained...
Binance and Coinbase Hold 11% of Crypto Economy’s Net Value, Leading in BTC and ETH Reserves
13.1.2024
Statistical data reveals that Binance and Coinbase, two titans in the cryptocurrency exchange arena, cumulatively possess 11.85% of the $1.68 trillion digital currency economy. In addition, these prominent trading platforms control 7.83% of the total bitcoin supply, underscoring their significant...
Crypto Analyst: Bitcoin Could Hit $1 Million in Days to Weeks After Spot ETF Approval
16.12.2023
Bitcoin Logo / Source: Adobe Bitcoin (BTC) has the potential to skyrocket to $1 million within a matter of days to weeks following the approval of a spot Bitcoin exchange-traded fund (ETF). According to Samson Mow, CEO of Jan3, the combination of limited Bitcoin supply on exchanges and a surge...