1h ago
Bitcoin May Test $88,500 Support After Breaking Key Cost Basis, Glassnode Says
Bitcoin has fallen below the short-term holder Realized Price of $112,500, increasing the likelihood of further declines toward the Active Realized Price near $88,500, according to Glassnode. The on-chain analytics firm notes that price discounts of this magnitude have historically signaled potential retests of lower structural supports. Bitcoin is currently trading around $103,300, down over 6% in the past seven days.
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1h ago
2h ago
Ethereum Falls 18% in Q4 Against Bitcoin's 9.41% Decline as Whale Accumulation Signals Potential Reversal
Ethereum declined 18% in Q4 compared to Bitcoin's 9.41% loss, with the ETH/BTC ratio falling 7% this week and breaking below the 0.36 level that held through October. Whales accumulated 394,682 ETH worth $1.37 billion on November 4 when prices dropped to $3,000, establishing an average cost basis of $3,488. Ethereum Open Interest has decreased $30 billion since mid-October, exceeding Bitcoin's $24 billion decline and indicating a deeper leverage flush.
2h ago