On-Chain Analysis | ForkLog

ForkLog 11 03.12.2024

Bitfinex Predicts Bitcoin Surge Beyond $100,000 by Year-End

Bitcoin concluded November with a 37.3% increase and is poised to reach six-figure levels in December due to favourable seasonality, according to Bitfinex. Analysts’ calculations show that historically, in halving years, the asset appreciated by an average of 38.9% in this month. Data: Bitfinex. Experts cautioned that the growth will be volatile, linked to profit-taking […]

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ForkLog 11 03.12.2024

Bitcoin Holders’ Balances Reach Lowest Level Since July 2022

The number of coins held by long-term investors has decreased to 12.45 million BTC, marking the lowest point since July 2022, according to data from IntoTheBlock. Bitcoin long-term holders are gradually reducing their balances, now holding 12.45 million BTC—the lowest level since July 2022. So far, this decline is less severe than in past cycles. […]

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ForkLog 21 01.12.2024

Bitcoin Whales Stir, Yet Sell Slowly—On-Chain Data

On December 1, an unknown user moved 11 BTC (approximately $1.07 million at the time of writing) after 11.6 years of inactivity. The transaction was highlighted by Whale Alert. ? A dormant address containing 11 #BTC (1,071,468 USD) has just been activated after 11.6 years!https://t.co/m9TDE5s8dO — Whale Alert (@whale_alert) December 1, 2024 On November 30, […]

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ForkLog 25 28.11.2024

CryptoQuant Sets Bitcoin Target for Current Cycle

Following a price correction, certain metrics of digital gold suggest the continuation of a bull market phase with a target of $146,000, according to CryptoQuant. Is it too late to buy in? Bitcoin has surged 34% in November ’24, with the bull run in full swing. The CryptoQuant Cycle Indicator shows that Cycle Peak hasn’t […]

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ForkLog 83 27.11.2024

Long-term Bitcoin Holders Reduce Holdings Amid Price Surge

As Bitcoin approached $100,000, holders offloaded a “significant” 507,000 BTC. This figure is less than the March pace of 934,000 BTC, as some market participants anticipate higher prices before liquidating positions, according to Glassnode. Source: Glassnode. The daily distribution rate by this category of investors reached 0.27% of the coins they hold, surpassing March’s figures. […]

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ForkLog 12 26.11.2024

Solana’s DEX Monthly Turnover Surpasses $100 Billion

In November, the trading volume on decentralized exchanges (DEX) within the Solana network reached a record $109.8 billion. By comparison, Ethereum’s figure is nearly half at $55.3 billion, according to DeFi Llama. Data: DeFi Llama. In October, Solana’s DEX turnover was $52.9 billion. In November, the metric exceeded this value by 107.6%. The previous monthly […]

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ForkLog 6 25.11.2024

Bitcoin Dips Below $96,000 Amid Record Profit-Taking

On November 24, the price of the leading cryptocurrency fell below $96,000. This followed a surge in daily realized profits to a record $443 million, according to CryptoQuant. BTC: Realized Profit reached an ALL-TIME HIGH of $443 million (daily) ? pic.twitter.com/XXANCIogxk — Maartunn (@JA_Maartun) November 23, 2024 At the time of writing, the price had […]

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ForkLog 40 22.11.2024

Ethereum’s Daily On-Chain Volume Reaches $7.13 Billion

On November 15, the daily on-chain value transferred in Ethereum, measured by the 7 DMA, reached a year-to-date high of $7.13 billion, according to data from The Block. Data: The Block. Over the past two weeks, this figure surged by 85% from $3.84 billion as of November 1. The metric exceeded the previous peak in […]

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ForkLog 89 20.11.2024

ZachXBT Traces Portion of $6.5 Million Stolen from Coinbase Client

In October, a client of the cryptocurrency exchange Coinbase in the United States fell victim to a scammer who used social engineering to steal $6.5 million. On-chain detective ZachXBT assisted the victim in tracing part of the assets. 1/ An investigation into the social engineering scammer Ronaldd (Ronald Spektor) who allegedly helped steal $6.5M last […]

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ForkLog 11 20.11.2024

CryptoQuant Identifies Five Indicators Signaling Bitcoin Rally’s End

CryptoQuant has identified five key indicators that warn of a local peak formation, with only one currently signaling a bearish trend. Bitcoin Hits ATH: Is It Time to Sell or Hold? MVRV > 3.7 has historically marked market tops. Explore these 4 additional key metrics to better understand market timing and make more informed decisions. […]

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ForkLog 8 18.11.2024

CryptoQuant CEO Raises Bitcoin Forecast to $135,000

Based on the cumulative capital inflow into the bitcoin market, the target price for the digital asset in the current cycle is set at $135,000. This conclusion was reached by Ki Young Ju, founder and CEO of CryptoQuant. Source: X. Thus, the expert adjusted his February forecast for the first cryptocurrency’s price based on realized […]

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ForkLog 28 13.11.2024

Bitcoin Yet to Reach Profit-Taking Levels for Holders, Says Glassnode

Realized profits for both short-term and long-term Bitcoin holders remain below previous all-time highs ATH. According to Glassnode, under such circumstances, many investors are willing to wait for higher prices. #Bitcoin’s rally to a new ATH is driven by strong spot demand and institutional inflows, with over 95% of supply in profit. This article explores […]

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