News with the tag "SSN"

The resurgence in USDT circulation, highlighted by a $52.9 billion transfer volume, signals a revival in stablecoin activity and market liquidity, with Tron and Ethereum leading in network usage.

Bitcoin's unrealized profits have reached a record $1.4 trillion, reflecting significant wealth accumulation for holders, but this also introduces potential market dynamics and challenges.

Bitcoin (BTC) may experience a significant price correction, potentially dropping to $110,000, due to a low-volume 'air gap' and accumulation by short-term holders (STHs) in the $117,000–$122,000 range.

The recent decline in Bitcoin's Long-Term Holder to Short-Term Holder (LTH/STH) Supply Ratio signals a potential new all-time high (ATH) as long-term holders distribute coins to new entrants, mirroring historical bull market patterns.

Glassnode identifies $4,500 as a critical resistance level for Ethereum's price, warning of potential market euphoria and structural risks if this level is breached.

Bitcoin accumulation at the $117,000 price point indicates strong investor confidence and long-term holding behavior, driven by factors like inflation hedging, dollar-cost averaging, and anticipation of halving events.

Glassnode cautions against overly optimistic Bitcoin price predictions of $200,000, emphasizing the importance of key resistance levels and sustainable buying volume for long-term growth.

The Bitcoin market is currently in a consolidation phase, with the $115,000 level identified as a key liquidity point that could influence its next major move.

An early Ethereum trend reversal may be underway, driven by a significant increase in holdings by first-time buyers, sparking optimism for a potential new bullish cycle.

Recent Bitcoin whale activity shows a surge in large BTC deposits to exchanges, potentially indicating profit-taking or capital rotation, which could impact market dynamics.