Zephyrnet Logo

Tag: 3M

FTX Hack Mystery Deepens with Statement from Bahamian Regulators

Bahamian regulators are not responsible for the $477M hack of bankrupt crypto exchange FTX on Nov. 11, according to blockchain research firm Chainalysis.Chainalysis is...

Solana Endures ‘Crucible’ as FTX Connection Deletes 70% of TVL

There was a time when Solana’s relationship with Sam Bankman-Fried was a good thing.Not anymore. Perhaps no DeFi player has been hit harder by the...

New Jersey Sports Betting and Online Casino Gambling Numbers Continue to Amaze

New Jersey gambling on the rise The gambling numbers coming out of New Jersey are unlike anything the American market has seen. third monthly sports betting...

The 12 Largest Global Startup Funding Rounds of October 2022

Armed with some data from our friends at CrunchBase, I broke down the largest global startup funding rounds for October 2022. I have included...

October 2022 NFT Report

October was a relatively sleepy month for blockchain, with no enormous market swings, project launches or funding rounds. The NFT market continues to stagnate...

The 7 Largest NYC Tech Startup Funding Rounds of October 2022

Everything you need to need to know about the largest NYC startup funding rounds of October 2022; broken down by industry, stage, investors, and more…

Scump is set to retire from competitive Call of Duty

“One last dance, ladies and gentlemen. This will be my final year competing as a professional Call of Duty player.” With those words, Seth ‘Scump’ Abner announced that, after a decade of competing, he will be retiring from Call of Duty esports in 2023. It was a shocking revelation for fans around the world, and while many may have seen it coming, hearing Scump announce his retirement is still incredibly impactful.

Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong

On-chain knowledge suggests Bitcoin whales who gathered in the course of the June crash have continued to carry robust to this point. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k As identified by an analyst in a CryptoQuant post, the $18k degree has been getting assist from the whales as they’ve made spot […]

The post Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong appeared first on Bitcoin Upload.

Data: Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong

On-chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k As pointed out by an analyst in a CryptoQuant post, the $18k level has been getting support from the whales as they have made spot purchases at this mark. The relevant indicator here is the “Sum Coin Age Distribution,” which tells us about the amounts the different Bitcoin investor groups are holding in their wallets right now. These groups are based on the idea of “coin age,” a measure of the total number of days a coin has been sitting dormant on the chain for. Related Reading: This On-Chain Metric Suggests Bitcoin Not In Danger Of Another Sharp Drawdown As an example, if 1 BTC remains still in a single address for two weeks, then this coin is taken as a part of the “1 week to 1 month” (1W to 1M) supply. Now, here is a chart that shows the trend in the Sum Coin Age Distribution in the Bitcoin market over the last year: Looks like the 3M to 6M group has been going up in recent weeks | Source: CryptoQuant As you can see in the above graph, the amount of supply held by the different Bitcoin coin age cohorts has shown an interesting pattern during the last few months. When the crypto’s price crashed back in June, the 1D to 1W supply spiked up as whales picked up some fresh coins around the $18k level. As the days passed, these coins started aging into the 1W to 1M range, causing the 1D to 1W band to plunge down, while the 1W to 1M group observed an uptrend. Related Reading: 3 Altcoins That defy Bitcoin Dominance And Continue To Rally – CSPR, TWT, CRV Similarly, these coins matured further with time, leading to the 1M to 3M group rising up and the previous one falling off. And finally, in the last couple of months, the 3M-6M cohort has also found itself at the end of this cascading effect. The recent increase in this last group suggests that the Bitcoin whales who bought during the crypto’s decline to $18k have still not realized profits on their coins, and have continued to hold onto them with conviction. BTC Price At the time of writing, Bitcoin’s price floats around $19.2k, up 1% in the last seven days. Over the past month, the crypto has gained 4% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto continues to show stagnant price movement in the last few days | Source: BTCUSD on TradingView Featured image from Michael Blum on Unsplash.com, charts from TradingView.com, CryptoQuant.com

Ways To Address The Materials Crunch

Stellar growth over the last two years and the seemingly insatiable demand for chips, at least through 2025, is sparking massive investment by chip...

Top 20 Coins: Uncommon Core Podcast Episode 15 – Bits on Blocks

Throwing this up for discoverability: I enjoy the Uncommon Core podcast and this is a helpful episode for those looking to get a quick...

Best solar stocks ranked by historical performance

Checkout our list of the best solar stocks on the New York Stock Exchange over the past five years. We ranked them from highest...

Latest Intelligence

spot_img
spot_img