Ad The Commodities Futures Trading Commission (CFTC) filing against Binance represented the culmination of increased regulatory pressure on the crypto industry. On March 27, the CFTC sued the company, its CEO Changpeng Zhao (CZ), and its compliance lead Samuel Lim for violating commodities regulations in the U.S. The market reacted switftly to the filing, with…
Ad According to on-chain data, the US law enforcement agency moved 49,000 Bitcoin (BTC) — over $1 billion — during the early hours of March 8. On-chain data provider Glassnode reported that the US agency was moving around 40,000 BTC, adding that the transactions appear to be internal transfers. However, it noted that the government…
The Adjusted Spent Output Profit Ratio (aSOPR), a metric that indicates whether holders are selling at a profit or loss, recorded a downward trajectory below the 1-level, which suggests investors are selling their positions at massive losses. According to CryptoSlate analysis, the aSOPR provided by Glassnode usually signals the transition to a bull market when…
Bitcoin (BTC) is close to forming a real bottom after an entire month of trading below its realized price, according to Glassnode’s latest weekly report. According to the report, current market conditions suggest that market bottom formation is near. A bottom formation usually happens when there are “large positive swings in unrealized profit and loss”…
Flagship digital assets Bitcoin (BTC) and Ethereum (ETH) are in the green as their values rose to over $22,000 and $1,400 in the last 24 hours. According to data from Coinglass, over $300 million in short positions were liquidated because of the mini-rally of these assets. In the last 24 hours, Ethereum liquidated $210 million…
Bitcoin (BTC) investors should still expect a further dip in the price as the bottom is yet to form fully, Glassnode reported. Bitcoin’s price might have crashed by over 72% from its all-time high and recently consolidated around the $20,000 range, but a comparison with the previous bear market showed that the bottom is not…
Bitcoin’s (BTC) price crash has pushed out “market tourists,” and only long-term holders are currently trading the asset, a Glassnode report revealed on July 5. According to the report, Bitcoin recorded its worst-performing month since 2011 in June as it recorded a 37.9% drop in its price. Source: Glassnode Due to the record-breaking crash, there…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Blockchain analytics company Glassnode’s latest report reveals the 2022 bear market as the worst in history and many investors have sold their Bitcoin (BTC) holdings at a discount. According to the report, Bitcoin’s dip below the 200-day moving average, net realized losses,…
Segregated Witness, or SegWit for short, is a Bitcoin protocol extension that was activated on the network in August 2017. The primary reason for introducing SegWit is to increase the scalability of the Bitcoin blockchain. Before SegWit was activated, the Bitcoin network often ran into congestion issues due to users filling up the one-megabyte block…