Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
The amount of Ether held on centralized crypto exchanges has reached an all-time low, which analysts warn could lead to a supply crunch.As of last Thursday, Ether (ETH) exchange balances fell to 8.7%, marking the lowest point since the network’s inception in mid-2015. The level remained low at 8.8% on Sunday, according to data from Glassnode.The volume of ETH on exchanges has decreased by 43% since early July, coinciding with a rise in digital asset treasury (DAT) purchases.“ETH is subtly entering its tightest supply environment ever,” remarked the macro investment research source “Milk Road,” which noted that it is “a…
According to Eric Balchunas, an expert on exchange-traded funds at Bloomberg, Bitcoin has surpassed the “Tulip Bubble” comparison due to its remarkable endurance and resilience throughout the years. “Personally, I would refrain from likening Bitcoin to tulips, regardless of how severe the sell-off may be,” he stated on Sunday. Balchunas highlighted that the tulip market experienced a rapid rise and collapse within approximately three years, describing it as “punched once in the face and knocked out,” whereas Bitcoin (BTC) has faced “six to seven haymakers” and still managed to hit all-time highs, enduring for 17 years. “The endurance alone justifies…
As the Bank of Japan (BOJ) is poised to increase rates next week, there are concerns among analysts about a potential surge in the Japanese yen, which could lead to a reversal of “carry trades” and negatively impact bitcoin.However, this perspective misses the actual dynamics within the foreign exchange and bond markets. It overlooks the more nuanced and probable outcome where Japanese yields, by stabilizing and potentially elevating global bond yields, could impose downward pressure on risk assets rather than the yen itself.Common yen carry tradesBefore we delve deeper, let’s explore what the yen carry trade is and its implications…
Semilore Faleti is a cryptocurrency writer with expertise in journalism and content creation. Initially exploring various topics, he quickly discovered his talent for addressing the complexities of the captivating world of blockchains and cryptocurrency. Drawn to the efficiency of digital assets for storing and transferring value, Semilore is a strong proponent of cryptocurrency adoption, believing it can enhance the digitalization and transparency of current financial systems. In his two years of active writing in the crypto space, Semilore has explored numerous facets of digital assets, including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFTs), regulations, and network upgrades, among others.…
According to Eric Balchunas, Bloomberg’s ETF expert, Bitcoin’s longevity and strength over the years make it unsuitable for comparison with the “Tulip Bubble.”“I personally would not compare Bitcoin to tulips, no matter how severe the sell-off,” said the senior ETF analyst on Sunday. Balchunas highlighted that while the tulip market rose and fell within a mere three years—“punched once in the face and knocked out”—Bitcoin (BTC) has “returned from like six to seven punches to achieve all-time highs and has endured for 17 years.”“The endurance alone necessitates distancing it from tulips, especially considering it’s still up about 250% [over the] past…
According to Eric Balchunas, Bloomberg’s ETF expert, Bitcoin’s endurance and resilience over the years make it incomparable to the “Tulip Bubble.”“I personally would not compare Bitcoin to tulips, regardless of how severe the sell-off,” stated the senior ETF analyst on Sunday. Balchunas highlighted that the tulip market experienced a rise and collapse within three years, being “punched once in the face and knocked out,” while Bitcoin (BTC) has “recovered from six to seven significant blows to reach all-time highs and has endured for 17 years.”“The endurance alone justifies moving away from the tulip comparison, not to mention the fact that it’s…
The liveliness of a technical indicator is increasing, which historically indicates a potential bull run and suggests that this market cycle may not be finished, according to analysts.“Liveliness continues to rise this cycle despite declining prices, signaling a demand floor for spot Bitcoin not yet reflected in price movements,” noted technical analyst “TXMC” on Sunday.The analyst elaborated that the “elegant metric,” akin to a long-term moving average for on-chain activity, represents a cumulative total of all lifetime spending in relation to holding activities on-chain.“It increases when coins are actively transacting and decreases during holding periods, adjusted for the age of…
Analysts indicate that a technical indicator known as liveliness is increasing, historically reflecting bull run activity and suggesting that this market cycle may not yet be finished.“Despite lower prices, liveliness continues to rise this cycle, pointing to a demand floor for spot Bitcoin that isn’t mirrored in the current price movement,” noted technical analyst “TXMC” on Sunday.The analyst described the “elegant metric,” akin to a long-term moving average for onchain activity, as a cumulative total of all lifetime spending compared to holding activity on-chain.“It increases when coins are actively transacting and decreases when they are held, with adjustments based on…
A technical indicator known as liveliness is increasing, historically indicating bullish market activity, suggesting that this market cycle may still have more to unfold, according to analysts.“Liveliness continues to rise this cycle even amid lower prices, revealing a demand floor for spot Bitcoin that isn’t mirrored in the price movements,” stated technical analyst “TXMC” on Sunday.The analyst clarified that the “elegant metric,” akin to the long-term moving average for on-chain activity, represents a cumulative total of all lifetime spending versus holding activities on-chain.“It ascends when coins are actively transacting and declines when they are held, with adjustments made based on…
Bitcoin is currently at a pivotal point, teetering between two significant price levels that could dictate its next significant movement. The tension between buyers and sellers is palpable, as the market anticipates a clear breakout. A successful breach above critical resistance may pave the way to $107,000, while a failure at support could trigger a further decline to $71,000. Bounce Scenario: Approaching The Pink Box And Descending Trendline In her most recent update regarding Bitcoin, Kamile Uray highlighted that BTC failed to maintain its position above the $90,720 mark on the hourly chart, resulting in the anticipated drop. The immediate…