Cryptocurrency News Today TheBitTimes.com

Bitcoin whales account for the most exchange inflows volume-wise since June 2022, as short-term holders become increasingly active. Bitcoin (BTC) whale buying and selling in 2023 is mostly from speculative investors, new data reveals. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode showed that contrary to popular belief, opportunistic entities are the most active whales. The birth of the Bitcoin "short-term holder" whale Since BTC price action returned to $30,000, a shift has taken place among Bitcoin traders. As Glassnode shows, so-called short-term holders (STHs) — investors holding coins for a maximum of 155 days — have become significantly more common. As it turns out, the largest-volume investor cohorts, the whale s, are also composed of large numbers of STHs. “Short-Term Holder Dominance across Exchange Inflows has exploded to 82%, which is now drastically above the long-term range over the last five years (typically 55% to...

Sentiment toward the crypto market is the most positive its been since around the time Bitcoin hit its all-time high almost 16 months ago. The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin (BTC) posted its all -time high in November 2021. A March 20 update of the Index showed a score of 66, placing it firmly within the "Greed" territory. The Index's score of 66 as shown on March 20. Source: alternative.me The Crypto Fear and Greed Index aims to numerically present the current "emotions and sentiments" towards Bitcoin and the cryptocurrency market, with the highest score being 100. The last time the index recorded a score above 66 was on Nov. 16, 2021, just days after Bitcoin's all-time high of over $69,000 was recorded on Nov. 10, 2021, according to Coingecko. All time chart of the Index, Nov. 16, 2021, was the last time it recorded a score above 60. Source: alternative.me Over the past seve...