# 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.

Here’s why Ethena [ENA] faces selling risk despite undervalued signals

Ethena (ENA) faces significant selling pressure despite showing signs of being undervalued. The token experienced a 12.82% drop on April 2, falling to $0.0789, though it later recovered slightly above $0.08. Long-term trends remain bearish. Key on-chain metrics, such as MVRV pricing bands, indicate ENA has been below lower extremes since October 2025, with a current market price of $0.08 compared to a realized price of $0.373. Only 0.018% of the supply is in profit, meaning most holders are at a loss. While accumulation behavior has been observed—with the holder accumulation ratio at 74% and an increasing 365-day mean coin age—network activity remains weak. Daily active addresses and network growth are near six-month lows. Despite undervaluation, any price recovery may be aggressively sold off as holders seek to exit or break even. The ongoing market downturn, including Bitcoin’s decline, adds further risk. Value investors should proceed with caution.

ambcrypto04/03 08:05

Here’s why Ethena [ENA] faces selling risk despite undervalued signals

ambcrypto04/03 08:05

Bitcoin fees hit a 6-year low: Why it matters for BTC’s next move

Bitcoin is trading near $66,000 amid a pullback driven by macroeconomic and geopolitical pressures. On-chain data suggests a potential bottom may be forming, with the Bitcoin Fund Flow Ratio at a historically significant level of 0.065—a pivot point that has previously preceded bullish reversals. Declining transaction fees, now at a six-year low, indicate reduced speculative activity and cooling on-chain demand, similar to conditions before the 2022 rebound. However, spot market activity remains weak, with limited capital inflows and persistent selling pressure. While these signals hint at stabilization, a sustained recovery will depend on renewed investor interest and stronger capital entering the market.

ambcrypto04/03 04:02

Bitcoin fees hit a 6-year low: Why it matters for BTC’s next move

ambcrypto04/03 04:02

Bitcoin Whales Shed 188,000 BTC As Long-Term Selling Pressure Persists

Analytics firm CryptoQuant reports that Bitcoin whales (holders of 1,000-10,000 BTC) have shed 188,000 BTC over the past year, signaling persistent structural selling pressure. This negative netflow, which began before BTC's all-time high above $126,000, indicates large holders were distributing assets in anticipation of a market shift. Despite a brief recovery, the trend has returned to negative territory. Separately, Glassnode notes a significant amount of BTC supply was acquired above $80,000, leaving many holders underwater. Resolving this overhang may require a price discount to attract new buyers or a prolonged period for coins to shift to committed holders. Bitcoin is currently trading around $66,400.

bitcoinist04/03 03:01

Bitcoin Whales Shed 188,000 BTC As Long-Term Selling Pressure Persists

bitcoinist04/03 03:01

Bitcoin Under Pressure As Selling Pressure Refuses To Ease In Sideways Market Conditions

Bitcoin's price has been trading sideways between $64,000 and $70,000, but significant selling pressure persists beneath the surface. According to CryptoQuant, this selling is driven primarily by large holders (whales) rather than retail investors. Whale holdings have turned net negative, marking one of the most aggressive distribution cycles on record. Mid-tier and dolphin investors are also accumulating at a declining pace. U.S. demand remains weak, with Coinbase Premium in negative territory. Despite the bearish pressure, a bounce toward $71,500–$81,200 is possible if macroeconomic risks, such as the U.S.-Iran dispute, ease.

bitcoinist04/02 23:32

Bitcoin Under Pressure As Selling Pressure Refuses To Ease In Sideways Market Conditions

bitcoinist04/02 23:32

S&P tokenizes U.S. Treasury Index as RWA market continues to expand

The cryptocurrency sector is expanding significantly, with real-world asset (RWA) tokenization as a key growth area. S&P Dow Jones Indices has tokenized its iBoxx US Treasuries Index on the Canton Network, marking the first major fixed-income benchmark available as a digital resource. This initiative, supported by Kaiko’s digital infrastructure, allows financial institutions to integrate benchmark data directly into blockchain systems but is not a direct investment product. Tokenized U.S. Treasuries have surged to $12.6 billion, dominating the RWA market, which totals $27.7 billion. Short-term tokenized bonds have also grown, reaching $620 million, reflecting increased institutional demand. This shift highlights the growing acceptance of RWAs, with the market poised to exceed $30 billion in the medium term.

ambcrypto04/01 10:06

S&P tokenizes U.S. Treasury Index as RWA market continues to expand

ambcrypto04/01 10:06

Bitcoin STHs In Deep Pain As 97% Of Supply Underwater

Bitcoin short-term holders (STHs), who acquired their coins within the last 155 days, are facing significant losses, with 96.8% of their supply held at an unrealized loss. Only 3.2% of STH-held BTC remains in profit. Recent on-chain data indicates a decline in STH supply as coins mature into long-term holders (LTHs), reflecting increased HODLing sentiment amid the market downturn. Meanwhile, a separate transaction involving coins dormant for over 10 years suggests either rediscovery of lost BTC or a long-term holder moving funds. Bitcoin is currently trading around $66,600, down more than 6% over the past week.

bitcoinist04/01 10:02

Bitcoin STHs In Deep Pain As 97% Of Supply Underwater

bitcoinist04/01 10:02

Rhythm X Zhihu Co-host Web4.0 Theme Event: When AI Agent Takes Over On-Chain Permissions

Most discussions about Web 4.0 miss the point. The real question is not whether it is a marketing trend, but rather: who is gaining control over the underlying permissions of the internet? Historically, each iteration of the web has involved a transfer of authority downward: Web 1.0 was read-only; Web 2.0 allowed users to write but platforms owned the data; Web 3.0 enabled true ownership through on-chain assets and private keys. Web 4.0 continues this trend, but the transfer is not to users—it is to AI Agents. The current infrastructure is human-centric, designed around human limitations like attention span and memory. But AI Agents don’t need intuitive UIs, password resets, or sleep. This creates a core tension: an internet built for humans is now being used by entities without human constraints. Two key shifts are underway: the decline of traditional front-end interfaces (replaced by API-driven machine communication) and the replacement of human-centric identity systems (like passwords) with granular, on-chain permissions. A critical enabler is crypto infrastructure. AI can make rapid decisions but lacks independent payment channels and asset sovereignty. Crypto fills this gap. Platforms like Hyperliquid offer 24/7 markets, ideal for non-stop Agent operation. When Agents control wallets and private keys, they can both decide and execute—forming complete economic entities. The real narrative of Crypto × AI isn’t just buzzword synergy—it’s the convergence of complementary infrastructures. The deeper shift is not which products will succeed, but how the rules of economic systems will change when AI becomes a primary on-chain participant, operating at scale and speed beyond human capability.

marsbit04/01 09:10

Rhythm X Zhihu Co-host Web4.0 Theme Event: When AI Agent Takes Over On-Chain Permissions

marsbit04/01 09:10

Zcash – All about a potential ZEC breakout after $10M inflows, whales lead the charge

Zcash (ZEC) is approaching a critical technical juncture, testing a wedge resistance level after a strong three-day bullish run that began from the $212 demand zone. This price compression suggests a potential breakout is imminent. A daily close above the $233 resistance could confirm the breakout and attract momentum traders. On-chain data indicates significant whale accumulation in both spot and futures markets, alongside over $10 million in net inflows within 48 hours, signaling strong institutional interest and growing confidence. If the breakout succeeds, ZEC could enter an expansion phase targeting the next resistance around $289. However, failure to break above the wedge may lead to extended consolidation.

ambcrypto04/01 06:02

Zcash – All about a potential ZEC breakout after $10M inflows, whales lead the charge

ambcrypto04/01 06:02

Polymarket bettors: ‘Bitcoin likely to crash below $45K than hit $100K’

Bitcoin's price volatility, currently trading around $67,620 after a recent peak of $75,000, has led to divided predictions in the market. Polymarket bettors assign a 52% chance that Bitcoin will drop below $45,000 this year, compared to a 43% probability of it surpassing $90,000. Approximately 75% of traders anticipate a fall below $55,000. Elon Musk’s recent Bitcoin-related social media post did not significantly impact the price, unlike his typical influence on Dogecoin. The crypto community remains split: some analysts, using technical patterns like Head and Shoulders, predict a decline toward $48,000 or even $45,000, while others point to historical correlations with oil prices suggesting potential parabolic gains. On-chain metrics reflect this uncertainty. The RSI is neutral at 50, indicating no clear bullish or bearish dominance. Key resistance lies at $70,917, while support is at $65,000; a break below could lead to further selling. Liquidity heatmaps suggest a potential drop toward $64,000, though shorter timeframes show support near $68,000. Declining active addresses and ambiguous social volume further highlight the lack of strong bullish momentum, leaving the market in a state of indecision.

ambcrypto03/31 09:20

Polymarket bettors: ‘Bitcoin likely to crash below $45K than hit $100K’

ambcrypto03/31 09:20

Chainlink’s price looks weak, but there’s more to the story – 2 reasons why

Chainlink (LINK) has shown signs of recovery with a 3.47% price increase, trading at $8.76 after a four-day decline. On-chain data reveals a significant drop in exchange reserves, suggesting accumulation and investor confidence in a potential rebound. Derivatives data supports this shift, with a high long/short ratio of 1.06 indicating bullish sentiment. Additionally, U.S. Spot LINK ETFs continue to see steady inflows, reinforcing positive market outlook. Technically, LINK is trading within an ascending channel pattern, and if it holds above the $8.19 support level, it could potentially surge by 14.50% to $10.08. However, the weak Average Directional Index (ADX) suggests limited trend strength and cautious market momentum.

ambcrypto03/31 01:02

Chainlink’s price looks weak, but there’s more to the story – 2 reasons why