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cointelegraph.com Mar 19, 2025 22:30

Bitcoin long-term holder behavior shift signals unique market dynamic — Research - Bitcoin’s corrective phase set a four-month low at $76,600 on March 11. Despite this decline, long-term holders have continued to hold large amounts of BTC, suggesting a “unique market dynamic moving forward,” new research says. “Long-Term Holder activity remains largely subdued, with a notable decline in their sell-side pressure,” Glassnode said in a March 18 markets report.Long-term holders show signs of bullishnessBitcoin’s recovery comes as selling pressure among Long-Term Holders (LTHs) — wallets that have held Bitcoin for at least 155 days — begins to wane. The Binary Spending Indicator, a metric used to determine when LTHs are spending a significant proportion of their holdings in a sustained manner, shows a slowdown (see chart below) while the LTH supply is also beginning to rebound after several months of decline.“This suggests that there is a greater willingness to hold than to spend coins among this cohort,” Glassnode noted, adding:“This perhaps represents a shift in sentiment, with Long-Term Holder behavior moving away from sell-side distribution.Bitcoin: LTH spending binary indicator. Source: GlassnodeBull market tops are often marked by intense sell-side pressure and strong profit-taking among LTHs, which signals a complete shift to bearish behavior. However, despite Bitcoins drawdown in recent weeks, this investor cohort continues to hold a large portion of their profits, especially for this later stage of the cycle, Glassnode said. This could suggest that long-term holders may still be expecting more BTC price upside later in the year.“This interesting observation may indicate a more unique market dynamic moving forward.”Bitcoin: Cumulative LTH realized profit. Source: GlassnodeNew Bitcoin whale accumulation reshapes marketsNew Bitcoin whales, addresses holding at least 1,000 BTC, where each coin has an average acquisition age of less than six months, are aggressively accumulating, according to CryptoQuant data.This signals strong conviction in Bitcoin’s long-term outlook among the new large investors.These wallets have collectively acquired over 1 million BTC since November 2024, “positioning themselves as one of the most influential market participants,” said CryptoQuant independent analyst Onchained in a March 7 analysis.The chart below shows that their pace has accelerated notably in recent weeks, “accumulating more than 200,000 BTC just this month.”“This sustained inflow highlights a shift in market dynamics, suggesting increased institutional or high-net-worth participation. ”Bitcoin supply held by new whales. Source: CryptoQuantMeanwhile, several crypto executives have told Cointelegraph that Bitcoin’s recent price drop was a “normal correction,” with the market just waiting for a new narrative and a cycle top yet to come.But not everyone agrees. For instance, CryptoQuant founder and CEO Ki Young Ju said that the Bitcoin bull cycle is over. He added: “Expecting 6-12 months of bearish or sideways price action.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%
cointelegraph.com Mar 19, 2025 21:30

Solana rallies 8% as crypto markets recover — Is there room for more SOL upside? - Solanas native token, SOL (SOL), rose 8% on March 19 as investors turned to riskier assets ahead of US Federal Reserve Chair Jerome Powells remarks. While interest rates are expected to stay unchanged, analysts anticipate a softer inflation outlook for 2025. Meanwhile, key onchain and derivatives metrics for Solana suggest further upside for SOL price.The cryptocurrency market mirrored intraday movements in the US stock market, suggesting SOLs gains were not driven by industry-specific news, such as reports that the US Securities and Exchange Commission may drop its lawsuit against Ripple after clinging to it for four years.Russell 2000 small-cap index futures (left) vs. SOL/USD (right). Source: TradingView / CointelegraphOn March 19, the Russell 2000 index futures, tracking US-listed small-cap companies, surged to their highest level in twelve days. Despite a broader slowdown in decentralized application (DApp) activity, Solana stands out. Solana’s TVL continues to riseSolana’s onchain volumes dropped 47% over two weeks, but similar declines were seen across Ethereum, Arbitrum, Tron, and Avalanche, highlighting industry-wide trends rather than Solana-specific issues. The Solana network’s total value locked (TVL), a measure of deposits, hit its highest level since July 2022, supporting SOLs bullish momentum.Solana total value locked (TVL), SOL. Source: DefiLlamaOn March 17, Solanas TVL climbed to 53.2 million SOL, marking a 10% increase from the previous month. By comparison, BNB Chains TVL rose 6% in BNB terms, while Trons deposits fell 8% in TRX terms over the same period. Despite weaker activity in decentralized applications (DApps), Solana continued to attract a steady flow of deposits, showcasing its resilience.Solana saw strong momentum, driven by Bybit Staking, which surged 51% in deposits since Feb. 17, and Drift, a perpetual trading platform, with a 36% TVL increase. Restaking app Fragmentic also recorded a 65% rise in SOL deposits over 30 days. In nominal terms, Solana secured its second-place position in TVL at $6.8 billion, ahead of BNB Chain’s $5.4 billion.Despite the market downturn, several Solana DApps remain among the top 10 in fees, outperforming larger competitors like Uniswap and Ethereum’s leading staking solutions.Ranking by 7-day fees, USD. Source: DefiLlamaSolana’s memecoin launchpad Pump.fun, decentralized exchange Jupiter, automated market maker and liquidity provider Meteora, and staking platform Jito are among the leaders in fees. More notably, Solana’s weekly base layer fees have surpassed Ethereum’s, which holds the top position with $53.3 billion in TVL.SOL derivatives hold steady as token unlock fears subsideDespite a 27% decline in SOLs price over 30 days, demand for leveraged positions remains balanced between longs (buyers) and shorts (sellers), as indicated by the futures funding rate.SOL futures 8-hour funding rate. Source: CoinGlassPeriods of high demand for bearish bets typically push the 8-hour perpetual futures funding rate to -0.02%, which equals 1.8% per month. When the rate turns negative, shorts are the ones paying to maintain their positions. The opposite occurs when traders are optimistic about SOL’s price, causing the funding rate to rise above 0.02%.The recent price weakness was not enough to instill confidence in bears, at least not to the extent of adding leveraged positions. One reason for this can be explained by the reduced growth in SOL supply going forward, similar to inflation. A total of 2.72 million SOL will be unlocked in April, but only 0.79 million are expected for May and June.Ultimately, SOL is well-positioned to reclaim the $170 level last seen on March 3, given the resilience in deposits, the lack of leverage demand from bears, and the reduced supply increase in the coming months.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

FOMO: 88%
cointelegraph.com Mar 19, 2025 21:02

Trump to speak at Digital Asset Summit: Report - United States President Donald Trump will reportedly speak at Blockworks’ Digital Asset Summit in New York on March 20, Blockworks said. His speech will mark the first time a sitting US president has ever spoken at a cryptocurrency conference, Blockworks said in a March 19 announcement.Trump’s presence at the event underscores his embrace of an industry that, under former US president Joe Biden, was the target of more than 100 enforcement actions by federal regulators.“When we started Blockworks we could barely get someone from a bank to attend an event,” Jason Yanowitz, one of Blockworks co-founders, said in a March 19 post on the X platform.“Now we have a sitting US President addressing a 2,500 institutional participants. It is incredible how far this industry has come,” Yanowitz said.Source: Jason Yanowitz Related: SEC will drop its appeal against Ripple, CEO Garlinghouse saysChanging political fortunesDuring his 2024 presidential campaign, Trump spoke at the Bitcoin 2024 conference in Nashville, where he promised to make America the “world’s crypto capital” and hinted at plans to form a national Bitcoin (BTC) reserve. Since starting his presidential term on Jan. 20, Trump has signed executive orders instructing regulatory bodies to accommodate digital assets, forming a White House crypto advisory team, and creating a US Strategic Bitcoin Reserve and Digital Asset Stockpile. He has also nominated pro-industry leadership to key regulatory posts, including at the US Securities and Exchange Commission (SEC) and Treasury Department. Bo Hines, executive director White House’s Presidents Council of Advisers on Digital Assets, spoke at the Digital Asset Summit earlier this week. On March 19, Brad Garlinghouse, CEO of Ripple Labs, announced the SEC was dropping its years-long enforcement action against the blockchain developer while at the Summit. Since Trump took office, the agency has also dropped charges against other crypto firms — including Coinbase, Kraken and Uniswap — for allegedly violating securities laws. Blockworks did not specify the topics Trump planned to cover during his speech, which it said would take place Thursday morning. Representatives of the White House and Hines did not immediately reply to Cointelegraph’s request for comment. Crypto industry executives told Cointelegraph in March they are hoping Trump will provide more detailed regulatory clarity on topics such as stablecoin regulation and taxes. Magazine: Unstablecoins: Depegging, bank runs and other risks loom

FOMO: 90%
cointelegraph.com Mar 19, 2025 20:33

Why is Ethereum (ETH) price up today? - Ether (ETH) price rallied nearly 8% over the past 24 hours, reaching a high of $2,064 on March 19. The altcoin’s daily trading volume increased to $17.4 billion as ETH regained a position above the $2,000 level. Ethereum 1-hour chart. Source: Cointelegraph/TradingViewETH exhibits an ascending triangle breakoutEther price is up today after the altcoin managed a successful breakout from an ascending triangle pattern. After falling below $2,000 on March 10, Ether formed higher lows, followed by multiple retests at the immediate resistance of $1,950, which was the pattern’s neckline. A bullish divergence also took shape between the price and relative strength index (RSI), preceding a local bottom at $1,752. Such technical setups indicate that the bullish momentum is taking charge against the bearish trend. Bitcoin 4-hour chart. Source: Cointelegraph/TradingViewWith a confirmed bullish breakout taking place from the triangle pattern, the technical targets remain at $2,142, which is roughly 5% from ETH’s current price. However, the 100-day exponential moving average (blue line) is providing resistance at $2,050, which needs to be flipped into support for prices to target $2,142. Rekt Capital, an anonymous crypto analyst, highlighted that ETH recently tested its multi-year demand zone under the $2,000 level. With respect to a bullish reversal, the trader said, “If price can generate a strong enough reaction here, then ETH will be able to reclaim the $2196-$3900 Macro Range (black).”Ethereum monthly analysis by Rekt Capital. Source: X.comRelated: ETH price prospects dim as Ethereum DEX volumes drop 34% in a weekEthereum flows to accumulation address hit new highsIrrespective of recent price corrections, ETH accumulation addresses have been stockpiling at a significant rate. On March 12, Ether inflows into ETH accumulation addresses hit a one-day record at 345,210 ETH. ETH inflows into accumulation addresses. Source: CryptoQuantEthereum accumulation addresses are a specific classification of wallet addresses used to track long-term holding behavior in the Ethereum network. These addresses usually have no outgoing transactions, meaning the ETH is not used for spending or transferred out. In 2024, these addresses amassed over 5.8 million ETH across a 12-month period. In 2025, the accumulation rate has significantly increased, with the same addresses acquiring 4.73 million ETH in under three months.Onchain data shows that large holders are potentially taking advantage of ETH’s low price by adding the altcoin at a discount which is currently 58.4% below its all-time high. Related: Ethereum price in ‘cursed’ downtrend which could continue well into 2025 — AnalystThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%