# Сопутствующие статьи по теме On-chain

Новостной центр HTX предлагает последние статьи и углубленный анализ по "On-chain", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Bear Cycle Warning: Bitcoin’s Rising Supply-in-Loss Is Mimicking The 2022 Pre-Capitulation Phase

Bitcoin is consolidating near $70,000 amid sideways market movement, but underlying on-chain data suggests growing stress. The Supply in Loss metric, which tracks BTC held at a loss, is approaching 40–45%, a range historically associated with bearish transitions and corrective phases. Similar patterns occurred in 2015, 2019, and 2022, often preceding increased selling pressure as investors face losses. While not yet at extreme capitulation levels (above 50%), the trend indicates weakening market structure. Technically, BTC remains below key moving averages, with resistance near $72,000. A sustained break above $75k–$80k is needed to exit the current consolidation.

bitcoinist03/12 03:02

Bear Cycle Warning: Bitcoin’s Rising Supply-in-Loss Is Mimicking The 2022 Pre-Capitulation Phase

bitcoinist03/12 03:02

After Capitulation, Bitcoin Market Losses Ease — Yet Selling At A Loss Continues

Bitcoin's price has recovered above $70,000, showing early signs of stabilization after a market-wide capitulation. However, on-chain data reveals that realized losses still dominate, with weekly net losses at -$264 million, indicating investors continue to sell at a loss. Although this marks an improvement from the extreme $2 billion weekly losses seen earlier, the market remains fragile. Short-term holder supply has doubled since January 2023, increasing volatility. Additionally, negative funding rates suggest Bitcoin may be at a short-term bottom, yet the overall trend remains uncertain as the market struggles to return to sustained profitability.

bitcoinist03/12 00:02

After Capitulation, Bitcoin Market Losses Ease — Yet Selling At A Loss Continues

bitcoinist03/12 00:02

Solana Spot ETFs Achieve Major Benchmark Following Months Of Their Debut

Despite a bearish crypto market, Solana Spot ETFs have achieved a major milestone, amassing nearly $1 billion in inflows since their October 2025 debut. This represents 2% of SOL's market cap in just 18 weeks—a rate significantly faster than Bitcoin ETFs. The growth highlights strong institutional demand and Solana's increasing integration into traditional finance. Additionally, Solana has become a hub for on-chain activity, processing a record $650 billion in stablecoin volume in February 2026, underscoring its role as a leading network for digital asset liquidity and capital movement.

bitcoinist03/11 20:20

Solana Spot ETFs Achieve Major Benchmark Following Months Of Their Debut

bitcoinist03/11 20:20

Amid Geopolitical Storms, Tokenized Gold and 24/7 On-Chain Markets Rise

Amid escalating geopolitical tensions, tokenized gold products like PAXG and XAUT saw significant usage spikes as investors sought gold exposure through on-chain and exchange channels. Bitcoin demonstrated resilience, rising approximately 7% after an initial dip following the U.S.-Israel strike on Iran. Hyperliquid’s HIP-3 perpetual futures emerged as a 24/7 macro risk barometer, with commodities and stock-based contracts gaining substantial trading volume and open interest. During the incident, traditional markets were closed, but on-chain platforms enabled continuous trading. Tokenized gold volumes exceeded $1 billion, while Hyperliquid’s oil futures, such as CL-USDC, repriced rapidly in response to supply shock concerns, with prices briefly surging to $109. The platform’s non-crypto perpetuals now represent a growing share of its activity, highlighting the shift toward round-the-clock on-chain trading of macro assets. Though still nascent and facing liquidity and regulatory constraints, these infrastructures signal a future where core global markets operate continuously on-chain.

marsbit03/11 09:39

Amid Geopolitical Storms, Tokenized Gold and 24/7 On-Chain Markets Rise

marsbit03/11 09:39

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

The article "Financial Boundaries and Channels: The New Pricing Logic of Global Markets" explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing interest of asset management giants like BlackRock and Apollo in on-chain vaults and RWA (Real World Assets). It argues that while DeFi has adopted USDT/USDC as de facto standards due to their scale, this reliance on U.S. Treasury-backed stablecoins means DeFi is subject to external monetary policies without reciprocal influence. The piece highlights the absence of a native DeFi risk-free rate and examines past attempts, like algorithmic stablecoins, which failed to challenge this dominance. The author suggests that vaults and curators may become central to a new financial architecture, facilitating global capital flow and efficiency. However, these structures currently lack mechanisms for asset price inflation and face risks from code vulnerabilities and governance issues. The future may lie in broker-like channels that enhance capital fluidity beyond centralized exchanges, potentially leading to a more integrated and efficient global market system. Ultimately, the article concludes that while DeFi infrastructure matures, the real innovation opportunity resides in creating channels that enable seamless, scalable capital interaction, moving beyond traditional token economics.

比推03/11 06:44

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

比推03/11 06:44

Assessing Bitmine’s 5,300 Ethereum transfer amid ETF outflows

Bitmine Immersion Technologies, led by Tom Lee, transferred 5,300 ETH (worth $10.75 million) to a Coinbase Prime address on March 10, a notable move given the company’s aggressive accumulation strategy. While this may suggest a temporary adjustment, the transfer could also relate to operational needs like OTC trading or liquidity management rather than a strategic shift. The action coincides with a 9.64% drop in Bitmine’s stock and ETF outflows, yet corporate Ethereum holdings have grown significantly since mid-2025, exceeding 6 million ETH. Bitmine stakes roughly two-thirds of its 4.5 million ETH holdings, generating substantial annual revenue, reflecting long-term confidence in Ethereum as income-generating infrastructure.

ambcrypto03/10 23:03

Assessing Bitmine’s 5,300 Ethereum transfer amid ETF outflows

ambcrypto03/10 23:03

Arthur Hayes predicts $150 for HYPE: Can Hyperliquid’s trading boom make it happen?

Arthur Hayes, co-founder of BitMEX, predicts that the HYPE token from Hyperliquid could reach $150 by August 2026, a 5x increase from its current price. He argues that despite weak market sentiment, decentralized exchanges (DEXes) like Hyperliquid can thrive by generating consistent revenue from trading fees. Hyperliquid's model uses ~97% of its revenue to buy back and burn tokens, reducing supply and supporting the price. However, achieving this target requires annualized revenue to grow from ~$843 million to ~$1.4 billion. A key growth driver is HIP-3, which enables permissionless perpetual markets for assets like the Nasdaq-100 and already contributes 10% of revenue. Hayes also highlights Hyperliquid's low ADV/OI ratio as a sign of genuine trading activity. While recent price gains and improving sentiment are positive, the market remains cautious, awaiting stronger confirmation of sustained growth.

ambcrypto03/10 19:02

Arthur Hayes predicts $150 for HYPE: Can Hyperliquid’s trading boom make it happen?

ambcrypto03/10 19:02

Bitcoin pushes past $70K – Will weak on-chain activity push BTC down again?

Bitcoin has surpassed $70,000 amid renewed market optimism, but underlying on-chain indicators suggest weakness. Adjusted on-chain volume has declined to historically low levels, signaling reduced usage. Daily active users and transaction fees have also dropped significantly, reflecting diminished network activity and weakening demand. Despite the price rally, liquidity clusters indicate stronger incentives for downward movement toward $66,000, compared to limited upside toward $72,000. Analysts suggest a significant surge in volatility may be needed to reignite momentum, potentially in Q2 2026. Short-term downside risk remains before a stronger trend can be confirmed.

ambcrypto03/10 17:02

Bitcoin pushes past $70K – Will weak on-chain activity push BTC down again?

ambcrypto03/10 17:02

Ethereum holds $2K as whale buys 1,004 ETH: Where will price head next?

Ethereum has reclaimed and held the key psychological level of $2,000, drawing renewed market attention amid stable Bitcoin performance. Notably, whale activity is increasing, with wallet 0x8A21 making a significant move by purchasing 1,004 ETH at around $2,070—more than double the amount sold six months earlier near the cycle high. This suggests large players see current levels as a value zone. On-chain data further indicates steady accumulation, with long-term holders buying during weakness, potentially reducing liquid supply on exchanges. Technically, ETH is completing a bullish pennant pattern, holding above $2,000 despite a 58% drop from its ATH, with a potential move toward $3,400.

ambcrypto03/10 15:18

Ethereum holds $2K as whale buys 1,004 ETH: Where will price head next?

ambcrypto03/10 15:18

Bitcoin Supply Pressure Builds As Short-Term Holders Realize Losses Below $70K

Bitcoin is struggling to reclaim the $70,000 level amid ongoing market volatility. On-chain data indicates sustained selling pressure from short-term holders, who have been realizing losses over the past week. The Short-Term Holder Spent Output Profit Ratio (STH SOPR) has remained below 1.0 for seven of the last eight days, signaling that recent investors are selling at a loss. Additionally, the supply of Bitcoin held by short-term holders has decreased by approximately 140,000 BTC in two weeks, suggesting either capitulation or coins maturing into long-term holdings. With the average acquisition price for this group near $89,028—about 24% above the current price—many are facing significant unrealized losses, creating psychological pressure and potential selling pressure in future rallies.

bitcoinist03/10 07:02

Bitcoin Supply Pressure Builds As Short-Term Holders Realize Losses Below $70K