1.Yet Another Bitcoin Price Model Fails
According to community-driven cryptocurrency analytics firm CryptoQuant, the popular Hash Ribbon model has now failed for the first time.
The popular theory revolves around the assumption that Bitcoin tends to reach the bottom of a bearish cycle when miners capitulate.
2.Litecoin Continues To Surge As Hash Rate Records New ATH – How About LTC Price?
Litecoin (LTC) was among the few bright spots for the crypto market which had to endure the negative effects of the collapse of the FTX exchange platform.
In the midst of one of the worst implosions that the space has ever witnessed, LTC momentarily became vulnerable, plummeting all the way down to $49.58.
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3.200,000 BTC, More Than 1,000,000 ETH Left CEXes: Details
The great migration of cryptocurrencies off of exchanges continues: investors are rapidly closing most of their positions on trading platforms and transferring their funds to cold storage or hot wallets due to the crisis of trust emerging between exchanges and their users.
4.Bitcoin (BTC) Price Dump Incoming? On-Chain Data Reveals Bottom
Bitcoin (BTC) price failed to hold above $17k and fell to the support near $16,500 again. The BTC price remains under pressure as miner capitulation risk continues to haunt traders looking to make long positions. On-chain data reveals miners are indeed liquidating their Bitcoin holdings due to financial constraints. The effect can be easily seen in the falling share prices of mining companies.
5.Ethereum Bullish Signal: Whales And Sharks Continue To Add To Their Holdings
Data shows the Ethereum whales and sharks have continued to fill up their bags recently, a sign that may prove to be bullish for the price of the crypto.
Ethereum Whales And Sharks Bought 561k ETH In A Single Day
As per data from analytics firm Santiment, ETH whale and shark addresses are accumulating back towards pre-Merge levels.
