🚀 Bitcoin's Illiquid Supply Reaches Record High, Exchange Balances Hit Multi-Year Low
#Bitcoin #IlliquidSupply #ExchangeBalances #Cryptocurrency #LongTermHolding #MarketDynamics #Scarcity #StoreOfValue #PriceVolatility #InvestorBehavior #BTC
According to Odaily, Bitwise's Head of European Research, André Dragosch, recently shared insights on the current state of Bitcoin's supply dynamics. Dragosch highlighted that Bitcoin's illiquid supply has reached an unprecedented level, while the balances held on exchanges have dropped to their lowest in several years. This shift indicates that nearly 75% of Bitcoin's total supply is now considered 'illiquid,' meaning it is held in wallets that are not actively trading or moving the cryptocurrency. In contrast, the proportion of Bitcoin available on exchanges has fallen to less than 14%.
This trend underscores a growing scarcity in Bitcoin's supply, as more of the cryptocurrency is being held long-term by investors rather than being actively traded. The increasing illiquidity suggests that a significant portion of Bitcoin holders are opting to store their assets rather than sell them, potentially in anticipation of future price increases or as a hedge against economic uncertainty. This behavior could have implications for Bitcoin's market dynamics, as reduced availability on exchanges might lead to increased price volatility when demand surges.
The data presented by Dragosch reflects a broader trend in the cryptocurrency market, where long-term holding strategies are becoming more prevalent among investors. As Bitcoin's supply becomes more constrained, market participants may need to adjust their strategies to account for the reduced availability of the asset on trading platforms. This development could also influence the overall perception of Bitcoin as a store of value, as its scarcity becomes more pronounced in the market.#Bitcoin #IlliquidSupply #ExchangeBalances #Cryptocurrency #LongTermHolding #MarketDynamics #Scarcity #StoreOfValue #PriceVolatility #InvestorBehavior #BTC
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🚀 Onyxcoin Faces Price Drop Amid Market Volatility
#Onyxcoin #XCN #priceDrop #marketVolatility #panicSelling #shortTermInvestors #exchangeBalances #MVRV #bullishFlag #rally #resistanceLevels #supportLevels #crypto
Onyxcoin (XCN) recently saw a 12% decline in its price, leading to panic selling among short-term investors and a notable rise in exchange balances. According to NS3.AI, technical indicators such as the MVRV Long/Short Difference indicate that the selling pressure might be diminishing as short-term traders face reduced profitability. A bullish flag pattern suggests the possibility of a 150% rally if the token can overcome key resistance levels. However, there are still risks of further decline if support levels do not hold.#Onyxcoin #XCN #priceDrop #marketVolatility #panicSelling #shortTermInvestors #exchangeBalances #MVRV #bullishFlag #rally #resistanceLevels #supportLevels #crypto
🚀 Zcash Rebounds 7% Amid Ecosystem Funding and Whale Accumulation
#Zcash #Rebound #EcosystemFunding #WhaleAccumulation #Solana #OnChainData #Crypto #MegaWhales #ExchangeBalances #BullishOutlook #ZEC
Zcash has experienced a 7% rebound, driven by new ecosystem funding and significant accumulation by large holders. According to NS3.AI, on-chain data indicates that Solana-based Zcash whales and mega-whales have increased their holdings over the past week, while exchange balances have decreased by approximately 46%. Analysts suggest that if Zcash can maintain a position above $227, it could pave the way toward resistance levels between $249 and $252. Conversely, a decline below $211 or $191 could undermine or invalidate the current bullish outlook.#Zcash #Rebound #EcosystemFunding #WhaleAccumulation #Solana #OnChainData #Crypto #MegaWhales #ExchangeBalances #BullishOutlook #ZEC
🚀 Bitmine Chair Predicts End of Cryptocurrency Downturn
#Cryptocurrency #CryptoWinter #Ethereum #Bitmine #TomLee #MarketBottom #StockMarketCrash #Year1987Crash #DebtCeilingCrisis2011 #AccumulationPhase #InstitutionalHolders #ExchangeBalances #EthereumAccumulation #ChainCatcher #ETH
Bitmine Chairman Tom Lee has expressed optimism about the current state of the cryptocurrency market. According to ChainCatcher, Lee believes that the ongoing 'crypto winter' is nearing its end. He suggests that the market downturn may have already reached its lowest point or will conclude by April 2026.
Lee highlighted a strong correlation between Ethereum's recent price movements and past declines in the S&P 500 Index, including the 1987 stock market crash and the 2011 debt ceiling crisis.
Despite the downturn, long-term holders are maintaining their positions, while exchange balances are decreasing. These trends often align with accumulation phases near market bottoms.
In March, BitMine increased its holdings by over 65,000 ETH, bringing its total to more than 4.6 million ETH.#Cryptocurrency #CryptoWinter #Ethereum #Bitmine #TomLee #MarketBottom #StockMarketCrash #Year1987Crash #DebtCeilingCrisis2011 #AccumulationPhase #InstitutionalHolders #ExchangeBalances #EthereumAccumulation #ChainCatcher #ETH