Search results for Coin Days Destroyed
Crypto
Bitcoin long-term holder selling slows to lowest since Q3 2022
Bitcoin long-term holders’ selling activity slowed noticeably in the second quarter, with the volume of long-dormant bitcoin moving falling to its lowest level since the third quarter of 2022, Cointelegraph reported. Data disclosed by Galaxy Digital’s head of firmwide research, Alex Thorn, showed key indicators easing, including Coin Days Destroyed. The shift suggests long-term holders are distributing less and continuing to hold rather than bringing coins to market.
Crypto
Bitcoin reclaims $65,000 as whale accumulation signals return
Bitcoin has moved back above $65,000, a shift seen as a sign that large holders have largely finished selling. U.Today cited CryptoQuant data showing whale selling pressure easing sharply, alongside a decline in coins moving to exchanges. Exchange balances also fell as more than 11,400 bitcoin moved to private wallets. Spot bitcoin ETFs posted net inflows on the latest trading day. Holdings in wallets with over 100 bitcoin also began rising again.
Crypto
Bitcoin eyes $69,000 on oil drop; five things to watch this week
Bitcoin is showing a short-term rebound on expectations of a U.S.-Iran peace deal and falling oil prices, with the market watching a move back toward $69,000. Risk assets rose as crude slipped below $80 a barrel. Traders cited improved technical conditions after bitcoin held support around $60,000 to $62,000. This week’s focus includes the Federal Reserve’s rate decision and mixed on-chain indicators, with some warning of renewed downside if range trading persists.
