Bitcoin sellers are getting exhausted, but not there yet
Bitcoin sellers are beginning to run out of momentum, but not yet close to the levels seen in the previous bear markets. In the last three bear markets, bitcoin selling activity usually bottomed at an important exhaustion zone before prices turned upward, based on Glassnode’s Seller Exhaustion Constant (30d). The on-chain analytics firm posted this […]
Two MakerDAO whales face $229M liquidation as Ether crashes
In Brief: Two Ethereum whales on MakerDAO are on the verge of $229 million liquidation, according to an observation shared Monday by Lookonchain. Both whales pledged a total of 125,603 ETH to borrow DAI stablecoin on Maker. Earlier, Arkham Intelligence noted that one of the whales, who pledged $100 million (or 60,810 ETH) to borrow […]
DOGE set for major breakout as Stock RSI nears bullish crossover
Brief Take On-chain crypto analyst Ali Martinez has predicted that Dogecoin’s price could be nearing a rebound as Stock RSI nears a potential bullish crossover. Meanwhile, the Dogecoin network has witnessed swift multiplication, as the number of new addresses more than doubled over the past months. The ecosystem’s growth, coupled with a reasonably bullish DOGE […]