Short-Term Bitcoin Holders Exit as Long-Term Distribution Continues

The post Short-Term Bitcoin Holders Exit as Long-Term Distributicom. Short-term Bitcoin holders have transferred 29, 400 BTC to exchanges at a loss, intensifying concerns about downward pressure on the cryptocurrency. The recent sell-off coincides with substantial distribution from long-term holders. These seasoned investors have offloaded approximately 815, 000 BTC over the past month. This marks the highest distribution level since January 2024, adding complexity to current market dynamics. At the time of writing, Bitcoin is trading at around $96,627, suggesting a 6. 11% decline in the last 24 hours. Contrary to alarming narratives suggesting coordinated dumping, the data indicate standard bull-market behavior. On-chain metrics indicate that long-term holders have consistently realized profits throughout this cycle. Their activity mirrors patterns observed in previous bull runs. By late August, profit-taking had reached levels comparable to prior cycle peaks. Whale wallets aged seven years or older show interesting spending patterns. These addresses, which process more than 1, 000 BTC per hour, exhibit regular and evenly spaced transactions. The frequency suggests a persistent, staggered distribution rather than panic selling. Bitcoin holders realized net profits of $3. 0 billion on November 7. This figure aligns with October’s profit levels, indicating continued strength among holders. Net realized losses remain virtually nonexistent, suggesting holders have not capitulated. Critical Support Levels and Market Structure Ki Young Ju, CEO of CryptoQuant, highlighted that investors who bought Bitcoin six to twelve months ago have a cost basis near $94,000. Ju stated the bear cycle cannot be confirmed unless Bitcoin loses that level. He advocates for patience rather than premature conclusions. Alex Adler identified two key correction levels: $87,000 and $74,000. The $87,000 mark derives from a. Continue reading Short-Term Bitcoin Holders Exit as Long-Term Distribution Continues

Y Combinator’s Controversial AI Coding Solution That Divides Developers

The post Y Combinator’s Controversial AI Coding Soluticom. Revolutionary Chad IDE: Y Combinator’s Controversial AI Coding Solution That Divides Developers Skip to content Home AI News Revolutionary Chad IDE: Y Combinator’s Controversial AI Coding Solution That Divides Developers Source:. Continue reading Y Combinator’s Controversial AI Coding Solution That Divides Developers

Traders Eye Next Big Move After 50% Surge

The post Traders Eye Next Big Move After 50% Surge appeared com. NEAR Protocol (NEAR) has delivered impressive price action over the past few weeks, offering traders an interesting setup for potential profits. Despite a rough year, the project is showing renewed momentum, leading many to question whether the current stabilization phase is a precursor to another big move. While NEAR works through its consolidation phase, investors looking for maximum growth potential in a utility-backed asset are targeting tokens at a lower price point. This brings focus to Bitcoin Hyper (HYPER), currently trading in its presale phase at a fixed rate of approximately $0. 013215, cementing its status as a top contender for the best crypto under $1. Source Cryptonews YouTube Channel NEAR Price Prediction On the yearly chart, NEAR remains down about 41. 3%, showing the weakness that hit the market earlier this year. However, momentum is shifting. Over the past month, NEAR jumped 18. 2%, rising from $1. 70 to nearly $3 in just a few days and recording a 76% rally. The weekly gain reached around 47%, reflecting strong buying pressure. The token is now consolidating after this rapid move, suggesting that the market is preparing for its next phase. Over the last 24 hours, NEAR slipped only 0. 42%, showing strength despite a slight cooldown. On the daily chart, the stochastic momentum indicator shows NEAR deep in the overbought zone. Each time it enters this region, the asset usually faces rejection followed by a pullback. Similar readings in earlier cycles led to quick corrections, and current signals point to another short-term retracement before the uptrend continues. This repeated pattern of overbought momentum and cooldown increases the chance of a brief dip before recovery. Traders are closely watching key support areas and the 200-day EMA, which could act as dynamic support during a correction. The first pullback zone sits between 2. 60 and 2. 40, while. Continue reading Traders Eye Next Big Move After 50% Surge

US Treasury Unveils Clear Path For Investors

The post US Treasury Unveils Clear Path For Investors appeared com. Revolutionary Crypto ETF Staking Guidance: US Treasury Unveils Clear Path For Investors Skip to content Home Crypto News Revolutionary Crypto ETF Staking Guidance: US Treasury Unveils Clear Path for Investors Source:. Continue reading US Treasury Unveils Clear Path For Investors