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The lead research analyst at Glassnode has highlighted how the Bitcoin supply clustered at the top levels might have to shift down before a sustained recovery can take shape. Bitcoin Cost Basis Distribution Shows Massive Supply Above $80,000 In a new post on X, Glassnode lead research analyst CryptoVizArt has discussed how the Bitcoin supply is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain indicator that tells us about the amount of BTC that was purchased at each of the levels that the cryptocurrency has visited during its history. Below is the chart for the metric shared by CryptoVizArt. Related Reading: Dogecoin Tests Channel Floor Again: Breakdown Or Rebound? As is visible in the graph, there is a decent amount of Bitcoin supply that was purchased at recent price levels. This supply cluster has built up as the asset has consolidated in the region since February. While this cluster isn’t small, it’s still less dense than some other zones. F
Read full articleJPMorgan warned that Strategy’s ability to fund roughly $1.7 billion in annual dividends could shape the crypto market’s second half, after the company sold bitcoin for the first time since 2022. A $1.7 Billion Question JPMorgan said the crypto market’s second-half performance will hinge in part on how Strategy Inc. (Nasdaq: MSTR) funds its roughly […]
Thomas Braziel has asked Cardano founder Charles Hoskinson to clarify the status of about 1,090 Bitcoins tied to Cardano’s early structure. Braziel raised the issue after reviewing corporate filings connected to Cardano entities in the Isle of Man and Switzerland.…
Trump's diplomatic intervention may stabilize US-Iran talks, impacting global markets and boosting crypto, but Israeli domestic pressures loom. The post Trump urges Netanyahu against retaliation as Bitcoin jumps 5% on de-escalation hopes appeared first on Crypto Briefing.
Bitcoin has entered its most painful phase, and the BlackRock ETF launch region remains crucial, according to new data.
Bitcoin is down about 50% from its peak, but Wall Street researchers argue the selloff reflects a maturing asset, not a dying one.
On-chain data shows the new Bitcoin whales realized a massive amount of loss during the past week as BTC has gone through its drawdown. New Bitcoin Whales Have Harvested Massive Losses Recently As pointed out by CryptoQuant analyst Maartunn in a new post on X, New Whales on the Bitcoin blockchain have been participating in […]
Trump's intervention highlights the fragile balance in Middle East diplomacy, impacting global markets and underscoring geopolitical volatility. The post Trump urges Netanyahu not to strike back as Bitcoin whipsaws on Middle East tensions appeared first on Crypto Briefing.
Bitcoin successfully reclaimed the $64,000 threshold, reversing a brutal multi-day rout that had previously dragged it below $60,000. Bitcoin Reclaims $64,000 Amid Geopolitical Storm Bitcoin staged a resilient comeback, shrugging off a volley of escalating military exchanges between Israel and Iran to aggressively reclaim the $64,000 threshold. The cryptocurrency’s swift rebound offers a stark contrast […]
