Altcoin Holders Have Been Realizing Losses Since 2024, Glassnode Says

Data shows sentiment around Bitcoin among social media users has turned negative following the recent decline in the cryptocurrency’s price. Bitcoin Positive/Negative Sentiment Has Dropped Recently In a new post on X, analytics firm Santiment has discussed the latest trend in the Positive/Negative Sentiment for Bitcoin. This metric tells us whether the majority of social media comments aimed at a given asset are positive or negative. Related Reading: Solana Fails Channel Breakout—$78 Support The Next Destination? The indicator works by putting posts/messages/threads containing mentions of the cryptocurrency on the major social media platforms through a machine-learning model to separate between bullish and bearish comments. It then counts up the number of posts falling in each category and takes their ratio to determine the net situation. Now, here is the chart shared by Santiment that shows the trend in the Bitcoin Positive/Negative Sentiment over the past month: As displayed in the a

Bitcoin (BTC) has slipped after failing to clear a major ceiling around the $83,000 area, with the flagship cryptocurrency down nearly 5% over the past week.  As of Tuesday evening, BTC was changing hands at roughly $76,750. Even with the pullback, market analyst Ali Martinez believes the current price action still leaves room for a rebound toward $94,850.  Bitcoin Could Drop Toward $54,270 In a Tuesday social media post on X (previously Twitter), Martinez pointed to Bitcoin’s Market Value to Realized Value (MVRV) pricing bands, saying a move to $94,850 would represent about a 23.5% increase from current levels.  However, he cautioned that this upside path depends on Bitcoin holding above a specific support level at $72,960. In his view, losing that threshold would shift the outlook and open the door to a deeper drawdown. Related Reading: Zcash, Bitcoin, And Solana—Catalysts Ahead That Could Fuel Another Upswing Before May Ends If $72,960 is broken, Martinez warned that BTC could be pu

On-chain data shows USDC exchange inflows have witnessed a spike after the latest Bitcoin pullback, a potential sign that traders are looking to buy the dip. USDC Exchange Inflows Have Spiked To $350 Million As pointed out by on-chain analyst Maartunn in an X post, a notable amount of USDC has hit exchanges recently. The indicator of interest here is the “Exchange Inflow,” which tracks the total number of tokens of a given asset that investors are transferring to wallets connected to centralized exchanges. Related Reading: Solana Fails Channel Breakout—$78 Support The Next Destination? When the value of the metric is high, it means holders are depositing a large amount of the cryptocurrency to these platforms. Generally, investors transfer to exchanges when they want to trade away their tokens, so this kind of trend can be a sign of increased interest in swapping the asset. For volatile cryptocurrencies like Bitcoin, this can naturally be a bearish signal for the price. When it comes t

Analytics firm CryptoQuant has highlighted how the Bitcoin futures market saw a notable amount of inflows alongside the recent price surge. Bitcoin Open Interest Shot Up Alongside Rally In a new post on X, CryptoQuant has talked about the latest trend in the Bitcoin Open Interest. This indicator measures the total amount of futures market […]

JPMorgan ether and altcoin analysts said the tokens won’t catch bitcoin without a major lift in network activity. JPMorgan said ether and the broader altcoin market are unlikely to reverse a multi-year underperformance against bitcoin without a meaningful pickup in…

Ethereum’s slide behind Bitcoin is no longer just a price story; JPMorgan says the institutional plumbing now confirms that BTC has pulled decisively ahead on flows, leaving ETH and the wider altcoin complex struggling to keep up. According to a…

Crypto analyst Cyclop has provided insights into when the Bitcoin price could hit a new all-time high (ATH) above $120,000. This came as the analyst alluded to historical data indicating that BTC could bottom in this bear cycle by the last quarter of this year.  Analyst Reveals When Bitcoin Price Will Hit New ATH Based On Historical Data In an X post, Cyclop alluded to historical BTC cycles to show when the Bitcoin price will hit a new all-time high. He noted that between 2015 and 2017, BTC enjoyed a bull run for 1,065 days, while between 2017 and 2018, it took 365 days for BTC to bottom in the bear market. Similarly, BTC enjoyed another bull run lasting 1,065 days between 2018 and 2021 before entering a bear market that lasted 365 days.  Related Reading: Bitcoin Bull Market Confirmation Will Be Completed Once This Level Is Reclaimed, Analyst Furthermore, between 2022 and 2025, the Bitcoin price experienced another bull run lasting 1,065 days, with BTC rallying to an ATH of 126,000. Th

An analyst has pointed out how the latest retrace in Solana has come after rejection from the resistance level of a Parallel Channel. Solana Failed Parallel Channel Resistance Retest In a new post on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern forming in the daily price chart of Solana. The pattern in question is a “Parallel Channel,” which forms whenever an asset trades between two parallel trendlines. Related Reading: Bitcoin Recovery Above Key Cost Basis Level Fails As BTC Falls Under $77,000 Like other consolidation patterns in TA, the upper level of the channel acts as a resistance barrier for the price and the lower one can provide support. A break out of either of these levels can signal a continuation of trend in that direction. That is, a surge above the pattern can be a bullish signal, while a fall under it a bearish one. Parallel Channels can be of a few different types depending on how the trendlines are oriented with respect to the graph axes