Analysis Today TheBitTimes.com

The Graph observes several large transactions worth at least $100,000, leading to a nine-month high in overall whale activity as social volume sees a massive upswing. Notably, on Nov. 6, GRT recorded an intraday figure of 149 transactions worth $100,000 and above for the first time in months, according to Santiment. In addition, on-chain data confirms that market participants created up to 620 new addresses. #TheGraph has nearly doubled since October 19th, and there has been major whale movement and new addresses being created. To identify whether a #bullish trend can continue, the mean dollar age line moving down (like it has for $GRT) is often validation. https://t.co/mJZiZitJ9P pic.twitter.com/q0Dzp3dsPd — Santiment (@santimentfeed) November 8, 2023 These favorable metrics have come up when GRT leverages market-wide bullish sentiments to engineer a rally. Despite a 5.9% decline over the last 24 hours, The Graph is up 24% in the past week. You might also like: ...

Memecoin (MEME) has been constantly declining over the past 24 hours as the heat around its launch has faded.  The asset, brought to the crypto world by the 9GAG team, plunged by 13.44% in the past 24 hours and is trading at $0.02 at the time of writing. MEME’s total market cap rose to a whopping $256 million on Nov. 4, a day after its launch , but soon declined to $178 million. MEME price on Nov. 6 | Source: Trading View Data shows that Memecoin’s 24-hour trading volume has also plunged by 5% over the past day, closing to the $210 million mark. You might also like: Bitfinex suffers phishing attack, says there is ‘no loss of funds’ On-chain data shows that the number of MEME holders has already reached 5,842 unique wallets, totaling 50,433 transactions.  Moreover, data provided by the market intelligence platform Santiment shows that the social volume for the term “MEME” has declined by 99% since Nov. 4. Per Santiment, most of the discussions came from Telegram ch...

With almost all short-term Bitcoin holders now underwater, a “degree of panic is dominating this group,” Glassnode says. The Bitcoin (BTC) market sentiment has shifted towards the negative for the first time since the end of 2022. Almost 98% of short-term holders (STH) supply is now held at a loss, Glassnode revealed in a recent report. The market is now at the deepest level since FTX collapsed. The analysts add that the cost basis of those investors who are spending crypto at current levels fell below the cost basis of holders . Bitcoin investors confidence since 2019 | Source: Glassnode This behavior suggests a “degree of panic” among short-term investors, which might indicate the unwillingness of STH to buy or sell crypto in the near term. You might also like: JP Morgan lowers Bitcoin production costs after CBECI update Glassnode pointed out the market has seen a “modest influx of new investors.” And yet, the influx of new investor...

Bitcoin’s (BTC) brief recovery of the $30,000 mark after a major drop has sparked significant interest among market observers. During this period, key metrics such as whale transactions and weekly price volatility have surged, indicating potential market sentiment and activity shifts.  Whale transactions involving Bitcoin worth at least $1 million have witnessed a remarkable rise, per Santiment data. Prominent institutional investors or high-net-worth individuals generally initiate these transactions . Their trading activity can exert considerable influence on the market due to their substantial holdings. BTC price, whale transaction count and volatility – Aug. 2 | Source: Santiment From July 27 to August 1, the market observed a decrease in BTC whale transactions . However, amid the recent Bitcoin price recovery, the whale transaction count experienced reasonable spikes. You might also like: Bitcoin supply last active in over 5 years hits ATH despite whale ...

Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin. On the latest episode of Macro Markets , analyst Marcel Pechman explains the impacts of the United States Federal Reserve’s balance sheet, breaking down how the Fed inflated its assets by $5 trillion between December 2019 and April 2022. Pechman notes that the expansion period coincides with a 38% crash in the S&P 500 index. Moreover, the Federal Reserve balance sheet surpassed the $8.9 trillion mark right as the stock market index reached its 4,800-point all-time high. The problem, according to Pechman, is that the U.S. Treasury Department has a huge deficit, as the government spends more than it gets from revenues and taxes. Consequently, it needs to start rolling some of the debt instead of letting it expire, so odds are it won’t be able to continue reducing the balance sheet any longer — something that has been a huge c...

Analysts expect the bear market to loosen its grip in 2023. Here are five cryptocurrencies to keep an eye on. It has been a tumultuous year for the crypto investors who have witnessed the total crypto market capitalization tumble from about $2.2 trillion at the beginning of 2022 to about $850 billion in December. The sharp erosion in valuation was caused due to several high-profile bankruptcies in 2022. The entire Terra ecosystem imploded with the collapse of its LUNA token and TerraUSD (UST) stablecoin. The failure of Three Arrows Capital followed this black swan event, and the final blow came as FTX underwent a bank run and imploded. These back-to-back events triggered a liquidity and credit crunch and appear to have caused the most damage to the crypto industry. A prolonged bear market tends to test investors’ patience, but it offers one of the best opportunities to buy fundamentally sound cryptocurrencies at lower levels. Smart investors who can go against the herd and invest duri...