According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade. A dormant Bitcoin address dating back to the era when Satoshi Nakamoto was still active has woken up after 10 years. The Bitcoin wallet containing 687 BTC ($43.9 million) transferred its holdings to two different wallets…
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The long-term Bitcoin trend indicators, the 200-day and 200-week moving average, are at the highest-ever levels with Anthony Pompliano saying BTC is “as strong as ever.” Bitcoin’s 200-day moving average is at an all-time high of $50,178, a key technical indicator for predicting long-term Bitcoin price trends suggesting a bullish long-term outlook. The indicator hit…
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An average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence. The Bitcoin network has processed its one billionth transaction — marking a huge milestone moment for the network 15 years after its creation. Clark Moody’s Bitcoin dashboard shows that transaction 1,000,000,000 had been reached, which was mined into block 842,241 at 9:34 pm…
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Deribit exchange data reveals that the put-to-call ratio for Bitcoin options contracts is currently at 0.50, with a maximum pain point of $61,000. Bitcoin and Ether options contracts worth a combined $2.4 billion are set to expire on May 3, which could lead to increased market volatility. A Bitcoin options contract is a derivative contract that allows…
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Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement. The Bitcoin whale entity nicknamed “Mr. 100” has bought the Bitcoin dip for the first time since the Bitcoin halving. Meanwhile, multiple market analysts suggest that…
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Bitcoin’s current price action is “hardly a surprise,” given the extraordinary bullish action leading up to the fourth halving. Bitcoin price has sharply declined over the past few days, which might have triggered some concerns from those who thought it would surge after its fourth halving. The price of Bitcoin has dropped 11% since the halving, which occurred…
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Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Bitcoin is now trading below the average purchase price paid by short-term holders, potentially causing “panic” due to unrealized losses, according to an on-chain analyst. “These recent buyers are statistically the most…
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Veteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn’t put much stock in the theory. There’s a very slight chance that Bitcoin has already reached its peak this cycle at the $70,000 mark, according to the “exponential decay” pattern floated by veteran trader…
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The solo miner netted around $200,000 in rewards for validating block 841,286. A single Bitcoin miner has defied the odds by solving a Bitcoin block alone, netting them the full 3.125 Bitcoin block reward. On April 28, software engineer and administrator from the solo mining pool ckpool, Con Kolivas, posted to X that a miner had…
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Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs. Bitcoin printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum for the asset. Could it signal the start of the post-halving bull run? Bitcoin bull flag…
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