News with the tag "on-chain data"

Over 1 billion Shiba Inu (SHIB) tokens were burned in a week, with a single large transaction accounting for most of the burn, while daily burn rates declined significantly.

CryptoQuant's on-chain data reveals a significant decline in Bitcoin's organic demand despite aggressive accumulation by ETFs and MicroStrategy, suggesting a potential challenge for Bitcoin to surpass its all-time highs without broader market participation.

Bitcoin's price consolidation above $100,000 is attributed to long-term holders selling, not market suppression, according to on-chain data and analyst Checkmate.