Bitcoin is exhibiting a state of market imbalance, with its price holding firm near $66,940 despite a significant decline in on-chain network usage. This divergence is highlighted by the Realized Value Transaction Volume (RVTS) Ratio reaching a record high of 85, indicating that adjusted on-chain volume is shrinking relative to valuation. The current phase suggests that price discovery is being driven more by derivatives and liquidity flows rather than spot market activity, as capital circulates off-chain. Historically, such high RVTS levels have occurred during low-participation phases, often near cycle bottoms. However, the current reading exceeds previous spikes, pointing to deeper structural apathy. Despite this, the compression often precedes accumulation, as weaker hands exit and stronger, long-term holders absorb supply. Long-Term Holder supply has increased to 14.90 million BTC, while exchange reserves remain near multi-year lows at around 2.7 million BTC, reducing sell pressure. Although the market shows resilience and a tightening supply structure, a meaningful price upside still depends on the return of stronger demand and participation. For now, Bitcoin's stability appears sustained by positioning rather than organic network activity.

ambcrypto22 dk önce

Can Bitcoin hold its ground after low activity, rising RVTS signal market imbalance?

ambcrypto22 dk önce

Why This Next Altcoin Season Could Be More Explosive Than 2021 As Signals Go Crazy

Despite Bitcoin hitting new all-time highs, the crypto market has not yet experienced an altcoin season comparable to 2021. However, signals suggest the next altcoin season could be even more explosive. Analyst Mark Chadwick notes that altcoins are showing a strong bullish pattern against Bitcoin, with the ALT/BTC chart marking four consecutive green monthly candles—a pattern last seen in 2021, which led to a historic altcoin rally. Several factors support a stronger altcoin season this time: the Fed is increasing market liquidity, the Clarity ACT may provide clearer crypto regulations, and the SEC is becoming more pro-crypto under the Trump administration. Additionally, rising crypto trading activity on major exchanges like NYSE and NASDAQ, along with growing institutional adoption—such as Fannie Mae accepting Bitcoin as loan collateral and Mastercard developing blockchain payment systems—suggest a bullish setup. These catalysts could drive altcoins to outperform Bitcoin significantly.

bitcoinist1 saat önce

Why This Next Altcoin Season Could Be More Explosive Than 2021 As Signals Go Crazy

bitcoinist1 saat önce

Taiwan To Introduce Strict Crypto Penalties To Crackdown On Unlicensed And Fraudulent Activity

Taiwan's Executive Yuan has approved a draft of the Virtual Asset Service Act (VASA), introducing strict regulations and severe consequences for unlicensed or fraudulent crypto activities. The legislation imposes prison sentences of up to 10 years and fines as high as $6.25 million for offenses like market manipulation. Unlicensed stablecoin issuance could result in 7-year prison terms and fines up to $3.13 million. The new rules also prohibit stablecoin issuers from paying interest to holders and require robust internal controls. The regulatory framework, developed by the Financial Supervisory Commission, includes a phased implementation approach and aims to enhance transaction security while supporting financial innovation.

bitcoinist2 saat önce

Taiwan To Introduce Strict Crypto Penalties To Crackdown On Unlicensed And Fraudulent Activity

bitcoinist2 saat önce

Metaplanet’s October TOPIX entry at risk? Inside JPX’s crypto crackdown

Japan Exchange Group (JPX) is considering new guidelines that would block companies with over 50% of their assets in cryptocurrencies from being listed on the Tokyo Stock Price Index (TOPIX). This could impact Metaplanet, a digital asset treasury firm, which is scheduled to join TOPIX in October 2026. If the proposal is adopted, Metaplanet may face exclusion from the index, potentially triggering passive outflows from institutional investors. The move follows JPX's earlier efforts to curb crypto-linked stock volatility and protect investors. Metaplanet’s stock has already declined significantly from its 2025 highs, and the proposed rules could further affect its market performance.

ambcrypto4 saat önce

Metaplanet’s October TOPIX entry at risk? Inside JPX’s crypto crackdown

ambcrypto4 saat önce

BIT Research: Bitcoin Approaches Key Support, April May See Directional Decision Period

BIT Research: Bitcoin Approaches Key Support, April May Bring Directional Decision The crypto market is currently in a critical transition phase. After months of a downtrend, Bitcoin has seen a minor rebound, retesting a key support level it had previously lost. However, the overall foundation for recovery remains fragile. Mounting macro pressures, weakening liquidity, and upcoming key policy events are shifting market pricing logic. Historically, Bitcoin has tested this key support range three times since October 2025. A break below the $65,000–$66,000 level could trigger another accelerated decline. While April is seasonally considered a stronger month, historical performance is mixed. This cycle, the market is driven more by liquidity conditions, macro catalysts, and shifting investor positioning rather than simple seasonal patterns. Factors like rising oil prices boosting inflation expectations and a stronger dollar are historically negative for Bitcoin. The market's rhythm in April will be crucial: thin liquidity and heightened volatility early in the month, followed by a focus on macro data and policy expectations mid-month, with a potential for clearer direction only after the FOMC meeting toward the month's end. The baseline scenario suggests continued weakness in the first half of April. If key support holds, a potential rebound is more likely to gain momentum in the latter part of the month as tax-related selling pressures subside and policy expectations stabilize. Investors are advised to focus on liquidity and macro variables rather than seasonal patterns, managing risk while awaiting clearer signals for a sustained recovery.

marsbit4 saat önce

BIT Research: Bitcoin Approaches Key Support, April May See Directional Decision Period

marsbit4 saat önce

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