Bitcoin Open Interest down by $1B – What traders should know

Money flowed out of BTC contracts, suggesting that the price might fall to $65,000. Social dominance dropped to 7.07%, indicating that attention was moving to other cryptocurrencies. As a seasoned crypto investor with a keen interest in market trends and on-chain data, I’m keeping a close eye on Bitcoin (BTC) after noticing some concerning developments. … Read more

Chainlink: 62% of holders ‘in the money’ as LINK hits 6-week high

LINK has climbed to its highest price level in six weeks. Most LINK transactions continue to return profit.  As a researcher with experience in analyzing cryptocurrency markets, I’m excited to see Chainlink (LINK) leading the altcoin rally following its six-week high price level. The recent surge in LINK’s price has been profitable for many investors, … Read more

Solana ETF hype: Checking the impact on Solana’s memecoins

SEC’s Ethereum ETF approval prompts anticipation for Solana ETFs. Solana’s rise impacts Ethereum-based memecoins. As a researcher with experience in the cryptocurrency market, I’m excited about the SEC’s decision to approve Ethereum ETFs. However, this news has now shifted the focus to Solana and potential Solana-based ETFs. While some industry experts have hinted at the … Read more

Is Bitcoin a steal now at $67K? On-chain data says yes!

The Puell Multiple suggests Bitcoin is undervalued, indicating potential investment opportunities. Recent market volatility led to significant liquidations, with Bitcoin traders facing over $71 million in losses. As a seasoned crypto investor with a deep understanding of Bitcoin’s market dynamics and on-chain indicators, I find the recent price fluctuations intriguing. The Puell Multiple’s drop below … Read more