On-chain analysis platform Glassnode stated in its latest options market report that Bitcoin investors are still in a state of intense panic and insecurity. According to the data, there is no expectation of a strong bottom reversal in the options market, neither in the near term nor in the medium-long term. According to Glassnode’s analysis,
Bitcoin reaching a quarter of a million dollars this year may be more trouble than its worth, according to a macro analyst. “One of the worst things that could happen is Bitcoin shoots up to $250,000, and the S&P to 8,000 in like a 3-month period,” macro analyst and investor Mel Mattison told crypto entrepreneur
Bitcoin has retraced its recent recovery above $104,000 as data shows the Coinbase Premium Gap has continued to be negative. Bitcoin’s Coinbase Premium Gap Has Been Red Recently As pointed out by CryptoQuant community analyst Maartunn in a new post on X, investors on Coinbase keep selling Bitcoin. The indicator of relevance here is the
Some traders who are warning about an upcoming Bitcoin correction might be driven more by self-interest than by an unbiased view of the market, according to a Bitcoin analyst. “If you sold, you really want lower prices,” Bitcoin analyst PlanC said on the Mr. M Podcast published to YouTube on Friday, reiterating that those who’ve
Bitcoin’s latest market pullback has pushed its MVRV ratio back into a critical zone that has historically been associated with macro correction lows and early-stage recovery setups. The MVRV metric now reflects a valuation reset similar to the conditions that preceded major rebound phases in prior cycles. Why The Reset Reinforces Bitcoin Value Proposition The
Merlin Chain, a well-known Bitcoin-anchored L2 network for smart-contract capability, has announced a robust mainnet upgrade. The purpose of this exclusive mainnet upgrade is to improve Merlin Chain’s ZK verification. As Merlin Chain revealed in its official X post, the development will target the advancement of Zero-Knowledge (ZK) verification structure, validator nodes, and sequencer nodes.
DePHY, a decentralized off-chain network that enables efficient functioning of DePIN networks, announced a strategic collaboration with Phala Network, a decentralized cloud platform offering secure, scalable, and privacy-preserving computational services. This partnership enabled the integration of DePHY’s decentralized infrastructure (which serves as a bridge between DePIN and AI networks) into Phala Network’s decentralized cloud computing
New on-chain data from CryptoQuant shows that there’s an increase in the supply of Bitcoin for sale on the market; however, demand from buyers is shrinking, a potentially bearish sign for the world’s largest cryptocurrency. Julio Moreno, head of research at CryptoQuant, said in a post on X that long-term holders (LTHs), investors who hold
A prominent economist is pushing for a major change in how cryptocurrency markets operate, arguing they need rules similar to those of the New York Stock Exchange (NYSE) to stop extreme drops in the values of digital assets. In a November 6 post on X, Alex Krüger said the absence of regulated market makers has
Bitcoin retail investors are snapping up Bitcoin as whales sell off, a pattern that could signal trouble for the asset’s price if history is any guide, according to sentiment platform Santiment. However, other crypto analysts are divided on how the coming weeks will unfold for Bitcoin (BTC). “Historically, prices tend to follow the direction of