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Bitcoin supply on exchanges by long-term investors has fallen to its lowest levels in 18 months, Bitfinex analysts said.Coupled with the supply constraint from the upcoming halving, this dynamic could lead to further price growth, the analysts added.
The block reward halving’s impact on mining profitability could prompt Bitcoin miners to look for more sustainable energy sources, turning the grid more sustainable.
From a fresh BTC price dip as soon as April 16 to a retreat to $40,000 long-term, Bitcoin market observers weigh in on where the market is headed.
Grayscale’s converted GBTC fund is now down 50% in bitcoin holdings since the spot ETFs launched on Jan. 11.GBTC’s market share by bitcoin holdings has fallen to 37% in the same period, with BlackRock’s IBIT and Fidelity’s FBTC the main beneficiaries.
OKB is the only larger-cap altcoin in the green now.
Institutional Crypto Research Written by Experts
- 05:17The Linea mainnet bridge has transferred over 800,000 ETH, with nearly 570,000 interactive addressesDune data shows that the Linea mainnet has bridged and transferred 805,963 ETH, with a transaction count reaching 1,228,845 and an interaction address number of 569,710.
- 05:17Andre Cronje: Sonic is running in "safe mode", 1620 TPS has not yet reached its peakSonic Labs co-founder Andre Cronje stated in a post on X that the Sonic network has not yet reached full operational status (operating in "safety mode" until enough validators have migrated), but it has independently measured 850 TPS. Data disclosed by sealaunch.xyz shows that the TPS reached a maximum of 1620 on December 18. Regarding this, Cronje said: "1620 TPS, not yet at its peak, independently measured. Sonic is a new paradigm."
- 05:05Ripple CTO: XRP and RLUSD will complement each other, with the latter dominating the RWA tokenization marketRipple's Chief Technology Officer, David Schwartz, has once again commented on the company's latest product, RLUSD stablecoin, which was launched earlier this week. In a video message shared on the company's official X account, Schwartz stated that RLUSD provides the right use case to benefit users and developers. It is a reliable asset designed to showcase the potential of XRP Ledger. Schwartz pointed out that this stablecoin brings both direct and indirect benefits in the XRPL ecosystem. One direct advantage is that it drives positive transaction volume while XRP itself serves as a bridge asset. The uniqueness of XRP lies in its ability to support various assets thereby expanding accessibility on decentralized exchanges on XRPL. Due to unique differences between two assets, XRP and RLUSD will complement each other with blockchain payment companies continuing to use XRP as a bridge in their proprietary products. Furthermore, he emphasized prospects for RWA tokenization market believing RWA will continue growing with increasing demand for stablecoins where RLUSD will dominate this market.
