Sunday, August 3, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    You Can Now Buy NBA Top Shot NFTs From Vending Machines in Japan

    You Can Now Buy NBA Top Shot NFTs From Vending Machines in Japan

  • Gaming
    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    NFTs Stage a Summer Comeback: Blue-Chips Reclaim Spotlight in July Rally

    NFTs Stage a Summer Comeback: Blue-Chips Reclaim Spotlight in July Rally

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    You Can Now Buy NBA Top Shot NFTs From Vending Machines in Japan

    You Can Now Buy NBA Top Shot NFTs From Vending Machines in Japan

  • Gaming
    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    NFTs Stage a Summer Comeback: Blue-Chips Reclaim Spotlight in July Rally

    NFTs Stage a Summer Comeback: Blue-Chips Reclaim Spotlight in July Rally

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

How Bitcoin’s HODLers, miners reacted to BTC crossing $61K, briefly

August 15, 2024
in Bitcoin
27
How Bitcoin’s HODLers, miners reacted to BTC crossing $61K, briefly
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Update – Since publication, BTC has fallen below $60k on the price charts.


  • Bitcoin HODLers controlled 12.87M BTC at press time, shaping market cycles and signaling potential trends.
  • Miners’ influence on Bitcoin price weakened as their volume share dropped to 7.4%, reducing market volatility.

 

Bitcoin [BTC] recently surged past $61,000 during early Asian trading hours on Wednesday, recovering from a significant price drop earlier in the month.

As the leading asset in the crypto market, Bitcoin’s performance is often seen as a barometer for broader market trends. 

According to IntoTheBlock data, Bitcoin HODLers – long-term investors who hold onto their assets despite market fluctuations – controlled 12.87 million BTC at press time.

This group is known for accumulating Bitcoin during bear markets and strategically selling during bull markets.

The substantial amount of Bitcoin under their control signaled their continued influence in shaping market trends.

Source: IntoTheBlock

Meanwhile, the current Market Value to Realized Value (MVRV) ratio was 1.86, indicating that Bitcoin’s market value was 86% higher than its realized value.

While this suggested that Bitcoin might be slightly overvalued, it does not point to an extreme overvaluation. 

Historical data showed that similar MVRV levels have coincided with market peaks in 2017 and 2021, while lower MVRV ratios were observed during market bottoms in 2018 and 2022.

Source: IntoTheBlock

Miners’ diminishing market influence

In August 2024, Bitcoin miners’ volume share declined to 7.4%, marking a decrease compared to earlier in the year. This reduction in miners’ share indicates that their influence on market prices has diminished. 

Miners traditionally sell portions of their mined Bitcoin to cover operational costs, and a lower selling volume can contribute to market stability.

Source: IntoTheBlock

This trend of reduced selling pressure from miners suggested a potential easing of supply-side constraints on Bitcoin’s price.

See also  Is now the best time to invest in Bitcoin? SEC's latest call says so!

With miners selling less, the market may experience less volatility, providing a more stable environment for traders and investors.

Market sentiment and network activity

Moreover, 81% of Bitcoin addresses were in profit at press time, reflecting strong market sentiment. However, this percentage is subject to change, illustrating the cyclical nature of the market. 

The Bollinger Bands, a technical indicator used to measure market volatility, are narrowing, suggesting a phase of reduced volatility and potential price consolidation.

The Chaikin Money Flow (CMF), which measures buying and selling pressure, is slightly negative at -0.02.

This indicated that selling pressure marginally outweighed buying pressure, pointing to a cautious market sentiment. 

Source: TradingView

At press time, the Relative Strength Index (RSI) was at 48.66, just below the neutral level of 50, signaling neither overbought nor oversold conditions.

The RSI’s recent trends hint at a potential recovery if positive momentum builds.

Bitcoin’s network activity remained steady as well, though it was slightly reduced from peak levels earlier in the year.

The number of active addresses was 690.41K, reflecting consistent user engagement, while the transaction count was 117.89K. 

Source: Santiment


Is your portfolio green? Check out the BTC Profit Calculator


Despite the decrease from earlier highs, the transaction count appears to be stabilizing, indicating ongoing, albeit reduced, activity on the network. 

This stable activity level is crucial for maintaining the network’s overall health and functionality.

Previous: Assessing Cardano’s breakout possibility – Big moves ahead for ADA’s price?
Next: Analyst predicts ‘Bitcoin to $100K’ thanks to U.S liquidity set-up

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

Update – Since publication, BTC has fallen below $60k on the price charts.

See also  Bitcoin's MVRV ratio tests crucial support - Here's why it matters

  • Bitcoin HODLers controlled 12.87M BTC at press time, shaping market cycles and signaling potential trends.
  • Miners’ influence on Bitcoin price weakened as their volume share dropped to 7.4%, reducing market volatility.

 

Bitcoin [BTC] recently surged past $61,000 during early Asian trading hours on Wednesday, recovering from a significant price drop earlier in the month.

As the leading asset in the crypto market, Bitcoin’s performance is often seen as a barometer for broader market trends. 

According to IntoTheBlock data, Bitcoin HODLers – long-term investors who hold onto their assets despite market fluctuations – controlled 12.87 million BTC at press time.

This group is known for accumulating Bitcoin during bear markets and strategically selling during bull markets.

The substantial amount of Bitcoin under their control signaled their continued influence in shaping market trends.

Source: IntoTheBlock

Meanwhile, the current Market Value to Realized Value (MVRV) ratio was 1.86, indicating that Bitcoin’s market value was 86% higher than its realized value.

While this suggested that Bitcoin might be slightly overvalued, it does not point to an extreme overvaluation. 

Historical data showed that similar MVRV levels have coincided with market peaks in 2017 and 2021, while lower MVRV ratios were observed during market bottoms in 2018 and 2022.

Source: IntoTheBlock

Miners’ diminishing market influence

In August 2024, Bitcoin miners’ volume share declined to 7.4%, marking a decrease compared to earlier in the year. This reduction in miners’ share indicates that their influence on market prices has diminished. 

Miners traditionally sell portions of their mined Bitcoin to cover operational costs, and a lower selling volume can contribute to market stability.

Source: IntoTheBlock

This trend of reduced selling pressure from miners suggested a potential easing of supply-side constraints on Bitcoin’s price.

See also  How BlackRock's Bitcoin ETF surged amid a BTC price drop

With miners selling less, the market may experience less volatility, providing a more stable environment for traders and investors.

Market sentiment and network activity

Moreover, 81% of Bitcoin addresses were in profit at press time, reflecting strong market sentiment. However, this percentage is subject to change, illustrating the cyclical nature of the market. 

The Bollinger Bands, a technical indicator used to measure market volatility, are narrowing, suggesting a phase of reduced volatility and potential price consolidation.

The Chaikin Money Flow (CMF), which measures buying and selling pressure, is slightly negative at -0.02.

This indicated that selling pressure marginally outweighed buying pressure, pointing to a cautious market sentiment. 

Source: TradingView

At press time, the Relative Strength Index (RSI) was at 48.66, just below the neutral level of 50, signaling neither overbought nor oversold conditions.

The RSI’s recent trends hint at a potential recovery if positive momentum builds.

Bitcoin’s network activity remained steady as well, though it was slightly reduced from peak levels earlier in the year.

The number of active addresses was 690.41K, reflecting consistent user engagement, while the transaction count was 117.89K. 

Source: Santiment


Is your portfolio green? Check out the BTC Profit Calculator


Despite the decrease from earlier highs, the transaction count appears to be stabilizing, indicating ongoing, albeit reduced, activity on the network. 

This stable activity level is crucial for maintaining the network’s overall health and functionality.

Previous: Assessing Cardano’s breakout possibility – Big moves ahead for ADA’s price?
Next: Analyst predicts ‘Bitcoin to $100K’ thanks to U.S liquidity set-up
Tags: 61kBitcoinsbrieflyBTCcrossingHODLersMinersreacted

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
TON Blockchain and Mocaverse Target 1.6 Billion Users

Confiction Labs Rolls Out Proof of Exposure to Combat Bots in Web3 Gaming

Comments 27

  1. Rekonstrukciya_Maido says:
    12 months ago

    Нужна реконструкция деревянного дома? Наша бригада из опытных строителей из Белоруссии готова воплотить ваши идеи в реальность! Современные технологии, индивидуальный подход, и качество – это наши гарантии. Посетите наш сайт реконструкция дома в Высоковске и начните строительство вашего уюта прямо сейчас! #БелорусскаяБригада #Шлифовка #Реконструкция #Достройка

    Reply
  2. se4kh says:
    2 months ago

    can i order cheap clomiphene prices buying generic clomid tablets generic clomid c10m1d clomiphene chart how to buy clomid price can i order generic clomid prices generic clomid pill

    Reply
  3. can you buy cialis online no prescription says:
    2 months ago

    Greetings! Extremely productive par‘nesis within this article! It’s the little changes which liking make the largest changes. Thanks a portion in the direction of sharing!

    Reply
  4. cipro flagyl diverticulitis says:
    2 months ago

    This is the big-hearted of scribble literary works I in fact appreciate.

    Reply
  5. 7qakd says:
    2 months ago

    purchase zithromax generic – buy generic zithromax cheap metronidazole

    Reply
  6. 9s4mt says:
    2 months ago

    buy cheap rybelsus – rybelsus pills periactin over the counter

    Reply
  7. yflr5 says:
    2 months ago

    motilium drug – sumycin for sale online buy flexeril tablets

    Reply
  8. 3r53n says:
    2 months ago

    order inderal 20mg sale – buy cheap clopidogrel methotrexate 5mg tablet

    Reply
  9. c25o2 says:
    1 month ago

    order amoxicillin pill – amoxil price combivent 100mcg cost

    Reply
  10. le0rt says:
    1 month ago

    buy azithromycin medication – buy nebivolol 20mg online buy bystolic 5mg for sale

    Reply
  11. 5i3io says:
    1 month ago

    buy augmentin 625mg generic – atbio info acillin canada

    Reply
  12. zb3do says:
    1 month ago

    order esomeprazole 20mg generic – https://anexamate.com/ esomeprazole pills

    Reply
  13. dbja9 says:
    1 month ago

    cost warfarin – anticoagulant buy cheap hyzaar

    Reply
  14. pmt5h says:
    1 month ago

    buy mobic 7.5mg pill – https://moboxsin.com/ mobic pill

    Reply
  15. 6fnef says:
    1 month ago

    buy deltasone 5mg online – corticosteroid order prednisone 40mg pill

    Reply
  16. w9d0d says:
    1 month ago

    generic ed drugs – https://fastedtotake.com/ ed pills comparison

    Reply
  17. b47pi says:
    4 weeks ago

    buy amoxicillin paypal – https://combamoxi.com/ cheap amoxicillin online

    Reply
  18. rsdc4 says:
    4 weeks ago

    buy generic fluconazole 100mg – generic diflucan 200mg order diflucan without prescription

    Reply
  19. ijuf6 says:
    3 weeks ago

    order lexapro 20mg without prescription – https://escitapro.com/ order lexapro pills

    Reply
  20. nm0ts says:
    3 weeks ago

    20 mg tadalafil best price – https://ciltadgn.com/ cialis generic canada

    Reply
  21. pjvfr says:
    3 weeks ago

    cialis overnight deleivery – https://strongtadafl.com/ is tadalafil the same as cialis

    Reply
  22. Connielet says:
    3 weeks ago

    where can i buy ranitidine – aranitidine buy ranitidine generic

    Reply
  23. 097v3 says:
    3 weeks ago

    herbal viagra for sale – https://strongvpls.com/ buy viagra no prescription canada

    Reply
  24. Connielet says:
    2 weeks ago

    Thanks on putting this up. It’s evidently done. tamoxifen ca

    Reply
  25. Connielet says:
    2 weeks ago

    This is the kind of enter I unearth helpful. https://ursxdol.com/levitra-vardenafil-online/

    Reply
  26. sqnte says:
    2 weeks ago

    More articles like this would pretence of the blogosphere richer. cost allopurinol

    Reply
  27. eukku says:
    2 weeks ago

    I couldn’t hold back commenting. Profoundly written! https://aranitidine.com/fr/modalert-en-france/

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Chinese Metaverse Takes Shape with New Standardization Working Group

Chinese Metaverse Takes Shape with New Standardization Working Group

January 23, 2024
10101.art Launches Platform for Fragmented Ownership of Masterpieces by Renowned Artists

10101.art Launches Platform for Fragmented Ownership of Masterpieces by Renowned Artists

November 16, 2023
Crypto Analyst Lists Reasons Why Cardano (ADA) Will Not Do Well In The Bull Market

Crypto Analyst Lists Reasons Why Cardano (ADA) Will Not Do Well In The Bull Market

October 23, 2023
CleanSpark Reports Strong April Bitcoin Mining Results

CleanSpark Reports Strong April Bitcoin Mining Results

May 6, 2025

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Bitcoin mining difficulty hits all-time high
  • Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving
  • Bitcoin mining difficulty hits ATH, but is projected to drop in August

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.