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An analyst compares Ethereum to Nokia, suggesting it may lose relevance as Solana outperforms in scalability and user experience. While Ethereum maintains dominance in DEX volume, it must accelerate its development to avoid being overtaken.
While Bitcoin spot ETFs face continued outflows, derivatives markets remain optimistic, with positive funding rates and strong demand for call options signaling bullish sentiment.
Over $2.5 billion in Bitcoin and Ethereum options expire today, with analysts anticipating market volatility due to fading call premiums and global uncertainty. Traders are eyeing these expirations for clues on short-term price direction.
Share link:In this post: In March, trading volumes on centralized exchanges continued to slow down, following the trend for the first two months of the year. Crypto derivatives markets declined by 5%, while spot markets lost 16.4% of their volumes. Binance retained the biggest share among centralized exchanges, for both spot and crypto derivatives activity.
- 01:38295 million MELANIA suspected to be sold by the Melania team 7 hours ago, obtaining 9,009 SOLPANews April 19 report: According to on-chain analyst Ember's monitoring, 7 hours ago, an additional 2.95 million MELANIA were sold by the project team in the form of adding unilateral liquidity, resulting in 9,009 SOL ($1.2 million). In the past 3 days, the MELANIA team transferred 7.643 million $MELANIA ($3.21 million) from liquidity and community addresses, and then added it to MELANIA/SOL unilateral liquidity on Meteora, selling MELANIA within a set range in exchange for SOL. Among them, 2.95 million MELANIA were sold 7 hours ago in exchange for 9,009 SOL. Currently, in the past month, the project team has accumulated 110,000 SOL ($14.75 million) by selling 23.45 million MELANIA.
- 01:37Analyst: The Group Holding Coins for 3-6 Months Has Recently Transferred About 170,000 BTC, Potentially Triggering Price VolatilityOdaily reports that analyst Mignolet published an article on CryptoQuant's blog platform, Quicktake, warning of impending volatility in the Bitcoin market. Mignolet disclosed data showing that approximately 170,000 BTC are being transferred from the group holding for 3 to 6 months. The actions of these short-term holders may lead to the current calm BTC price not lasting for long, indicating a significant market fluctuation is imminent. In contrast, long-term holders are moving only about 529 BTC daily, highlighting short-term fear or profit-taking while long-term confidence remains intact.
- 01:37Bitcoin Whales Still in a Strong Accumulation Zone, Falling Wedge Breakout Hints at Potential Bullish ReversalOdaily reports that crypto analyst Scott Melker stated on the X platform that Bitcoin has broken out of a falling wedge pattern that lasted for months, hinting at a potential bullish reversal. The $88,800 range could be a key resistance level for reversing the market structure. If it cannot be breached, the bulls may struggle to maintain strong momentum. Additionally, Bitcoin whales remain in a strong accumulation zone, with large holders (whales and sharks) currently holding between 100-1,000 or more Bitcoins rapidly absorbing Bitcoin. The absorption by this group has exceeded 300% of the annual issuance of Bitcoin. Meanwhile, Bitcoin holdings on exchanges continue to decrease, and the yearly absorption rate has fallen to -200%, indicating that investors are more inclined to hold long-term or self-custody. (Note: The yearly absorption rate compares the balance of Bitcoin on exchanges with the Bitcoin mining output for the same period.)