On-Chain Analysis | ForkLog

ForkLog 21 11.11.2024

Dune Unveils Multichain Platform and Proprietary Index

At the DuneCon event in Bangkok, Dune developers announced the launch of a new platform called Echo, the acquisition of smlXL, and the introduction of their own index. 1/4 Announced at #DuneCon2024 ?️ ? Introducing ? ECHO ? Dune’s real-time, multi-chain developer platform.https://t.co/GMCynsqusP — Dune @ DuneCon | Devcon ?? (@Dune) November 11, 2024 Echo […]

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ForkLog 6 08.11.2024

Solana Tests $200 Mark Following Trump’s Victory

In the early hours of November 8, Solana’s price reached the $200 mark, a level last seen in April 2024. The all-time high near $260 was recorded in November 2021. Hourly chart of SOL/USDT on Binance. Data: TradingView. Over the past 24 hours, the asset’s price increased by 6.9%, second only to Cardano (+19.2%) among the […]

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ForkLog 7 07.11.2024

Glassnode Identifies Key Factor for Bitcoin’s Post-Election Growth

Following a record high amid the US elections, Bitcoin is poised to maintain its growth trajectory due to an influx of fresh capital. In the wake of the highly anticipated US Presidential Election, #Bitcoin has broken to a new ATH of $75.4k. Under the surface, volatility continues to brew across option markets while on-chain capital […]

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ForkLog 16 05.11.2024

Analyst Highlights Growth in On-Chain Metrics for Bitcoin and Ethereum

A researcher from The Block, known by the pseudonym Lars, has shared a series of posts on X illustrating the growth of network metrics for stablecoins, the two most capitalized cryptocurrencies, NFTs, and other key market segments.

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ForkLog 58 24.10.2024

Glassnode Observes Growing Optimism Among Bitcoin Investors

Bitcoin prices have broken through several critical on-chain and technical resistances, approaching the upper boundary of a seven-month volatile sideways trend, according to a report by Glassnode. Specifically, the price surpassed the combined resistance of the 200 DMA and 111 DMA. The 365 DMA served as strong support during the correction in early August. Analysts […]

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ForkLog 8 24.10.2024

Copper Identifies Bitcoin Overheating Signs Ahead of US Elections

On-chain metrics for the leading cryptocurrency indicate a short-term local peak ahead of the US elections. This conclusion was reached by Copper, as reported by The Block. According to analysts, 98% of wallet addresses are currently in unrealized profit. Historically, a sharp rise in this metric—recently reaching 75%—has often been accompanied by increased selling pressure. […]

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ForkLog 10 23.10.2024

CryptoQuant Observes Bitcoin On-Chain Activity Surge to March Peaks

Retail investor demand for Bitcoin has returned to levels seen before the ATH in March 2024, according to CryptoQuant, reports The Block. “In the last 30 days, the metric has increased by ~13%, mirroring the scenario in March,” the report states. From June to the end of September, the opposite trend was observed. “The current […]

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ForkLog 9 11.10.2024

Whales Accumulate 1.5 Million BTC in Anticipation of a Rally

Investors holding more than 1,000 BTC have amassed an additional 1.5 million coins over the past six months, noted CryptoQuant analyst Axel Adler Jr. 1.5M BTC has been accumulated by whales (with >1K BTC on balance) over the last 6 months. There’s really nothing to discuss here. pic.twitter.com/7cAVWVEK15 — Axel ?? Adler Jr (@AxelAdlerJr) October […]

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ForkLog 136 10.10.2024

On-Chain Analysis Reveals Profitability of Polymarket Wallets

Only 13.6% of users on the prediction platform Polymarket have turned a profit, with most earning less than $100, according to data from Layerhub. In absolute terms, this equates to 24,565 wallets. Conversely, the betting activities of 156,010 clients, or 86.4% of the total audience, resulted in losses. Data: Layerhub. Among the addresses reporting profits, […]

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ForkLog 29 10.10.2024

PlusToken Transfers 7000 ETH to Exchanges

Approximately 7000 ETH, valued at $16.7 million, seized from the operators of the PlusToken cryptocurrency pyramid scheme, have been transferred to exchanges. This was reported by OXT Research analyst known as ErgoBTC. In early August, the remnants of ETH seized from the multibillion dollar PlusToken scheme awoke on-chain for the first time since 2021. Over […]

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ForkLog 15 09.10.2024

Glassnode Warns of Increased Volatility in Cryptocurrency Market

The cryptocurrency market may face heightened volatility due to liquidation risks and an uncertain macroeconomic landscape, according to Glassnode. Following a 10% price correction, the #Bitcoin market has rebounded back to the $63k level in an attempt to reclaim the critical Short-Term Holder cost-basis. Discover more in the latest Week On-Chain below?https://t.co/E3bufV5aaE pic.twitter.com/BUFi1friu9 — glassnode […]

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ForkLog 9 07.10.2024

US Labour Market Report Boosts Bitcoin Towards $64,000

On the night of October 7, Bitcoin approached the $64,000 mark. The drivers were positive data from the US labour market last Friday and expectations of a Federal Reserve rate cut in November, writes The Block. Experts noted that ongoing geopolitical tensions in the Middle East pose a risk to the rally of the leading […]

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