Tag: on-chain data

  • Bitcoin Price Outlook: Potential Dip to $68K if $80K Support Level Breaks

    Bitcoin remains firmly situated in the vicinity of $82,000 to $85,000 as recent efforts by buyers to reclaim stronger momentum have met with challenges. In this time of fluctuating market activity, a closer examination of on-chain data reveals some compelling underlying dynamics and potential shifts in buyer behavior. Let’s delve into the technical aspects and…

  • Ethereum Experiences All-Time Low in Daily ETH Burn Amid Declining On-Chain Activity

    In recent months, several key metrics within the cryptocurrency space have shown a notable decline, creating a sense of uncertainty among investors and enthusiasts alike. One of the most prominent indicators of this trend is the low burn rate, a figure that measures the number of tokens being ‘burned’ or permanently removed from circulation. This…

  • “Hyperliquid’s Enigmatic 50x ETH Whale Shifts Focus to LINK”

    On March 14, a high-profile cryptocurrency trader, known in the digital space as “ETH 50x Big Guy,” made headlines by executing a significant transaction involving Chainlink (LINK). Utilizing on-chain data from Lookonchain, we can analyze the particulars of this recent development, as well as the broader implications for both the trader and the cryptocurrency market…

  • Ethereum Transaction Fees Drop 70%, Reaching Lowest Point Since 2020

    In recent times, the cryptocurrency market has been witnessing fluctuations that stem from various factors, and one of the most telling indicators of this trend is the decline in Ethereum transaction fees. As these fees reach record lows, they reflect a notable decrease in demand and a reduction in on-chain activity, which merits deeper exploration…

  • CARV Introduces D.A.T.A Framework, Empowering AI Agents with On-Chain and Off-Chain Insights

    In a significant leap forward for the intersection of artificial intelligence (AI) and blockchain technology, CARV, an innovative company based in Santa Clara, California, has recently introduced its groundbreaking D.A.T.A Framework. This framework is designed to facilitate the interaction of AI agents with both on-chain and off-chain data, thus enhancing data sovereignty and operational autonomy…

  • Bitcoin supply is becoming more scarce, as indicated by on-chain data

    Bitcoin Breaks Through $52,000 Barrier: Indication of Rising Market Confidence Bitcoin, the pioneering cryptocurrency in the digital asset market, has experienced a breakthrough, surpassing the critical $52,000 barrier on February 14th. This significant achievement not only acts as a psychological milestone but also signifies a growing level of market confidence in Bitcoin. Furthermore, this development…

  • Record High Reached as Ethereum Staking Exit Queue Surges with Celsius Unlocks

    The Ethereum network is currently experiencing a significant increase in validator exits, marking a record high with over 16,000 validators in the exit queue as of January 5th, according to on-chain data. This surge in exits has subsequently led to a notable spike in the average wait time for unstaking, which now stands at 5.6…