Category

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance

According to analysis company Glassnode, Bitcoin (BTC) is currently at a critical juncture and its next steps may be foreshadowed by on chain indicators.Glassnode stated that it is paying attention to the short-term holder market value and realized value (MVRV) indicators of BTC

Ethereum is an important milestone of blockchain technology, which has created a new era of smart contracts and decentralized applications (DApps). However, the future of Ethereum is far beyond that

After the U.S

The inventor of Ethereum is a Canadian born in 1994. His name is Vitalik Buterin, born in a small town on the outskirts of Moscow, Russia, and later immigrated to Canada

On Tuesday (May 23rd), the price of Bitcoin (BTC) has been in a sideways consolidation state for a considerable period of time, as its volatility remains low. This has sparked fear among many investors as they expect BTC to continue its first quarter performance in the second quarter

On chain data shows that Bitcoin indicators are currently being retested at a critical level, which may determine the direction of the market from here.Bitcoin short-term holder SOPR has dropped to 1As an analyst pointed out in a CryptoQuant post, short-term holders are currently selling at breakeven points

On chain data shows that the buy/sell ratio of Ethereum recipients has recently formed a crossover, which historically indicates that asset prices have reached their peak.Ethereum Maker buy/sell ratio recently crossed 280 day and 476 day moving averagesAs an analyst pointed out in a CryptoQuant post, the last time this crossover was formed was in May 2021, when ETH observed a bull market rebound at the top

With the realized market value of Bitcoin reaching $389.4 billion, there has been a cyclical growth pattern, with diminishing returns in various periods, and the market continues to be bearish

Additionally, the CEO of Stablecorp stated that the recent decline in Bitcoin is a part of its growth concerns. He said that the scalability and liquidity of the Bitcoin network pose challenges

Simply putAfter testing the low point in November 2022, Dogcoin has rebounded by 17%.The social sentiment of DOGE is currently pessimistic

Today, the Dog Coin J grid rose 12%, while the rest of the market remained calm.On chain indicators indicate that smart money may have offloaded their DOGE positions