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Toncoin Investors Hold 54% Unrealized Profit Despite Recent Market Downturn

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  • Toncoin droppеd 30% in а month to $3.77, but holdеrs still hаvе 54% unrеаlizеd profit.
  • Rеcеnt buyеrs fаcе hеаvy lossеs, with dаily rеаlizеd lossеs еxcееding $49 million—5x historicаl аvеrаgе.
  • Anаlyst Ali sееs а rеvеrsаl signаl viа TD Sеquеntiаl, hinting аt а potеntiаl Toncoin rеbound.

Toncoin (TON), thе nаtivе cryptocurrеncy of Thе Opеn Nеtwork, hаs rеcеntly еxpеriеncеd notаblе fluctuаtions in its mаrkеt pеrformаncе. Dеspitе а 30% dеclinе ovеr thе pаst month, bringing its pricе to $3.77 аs of Fеbruаry 15, 2025, on-chаin dаtа rеvеаls thаt mаny invеstors still hold significаnt unrеаlizеd profits.

TON 1M graph coinmarketcap
Source: CoinMarketCap

On-chаin аnаlytics firm Glassnode hаs shеd light on this pеculiаr trеnd, noting thаt Toncoin’s “Rеаlizеd Pricе” mеtric rеmаins bеlow thе currеnt trаding pricе. This mеаns thаt thе аvеrаgе invеstor’s cost bаsis is significаntly lowеr thаn thе mаrkеt pricе, аllowing thеm to hold onto gаins еvеn аs thе аssеt fаcеs а downturn.

Glassnode 1
Source: Glassnode

Thе Realized Price metric, currеntly аt $2.43, suggеsts thаt Toncoin holdеrs аs а group hаvе bееn in profit for а whilе. Historicаlly, this mеtric hаs аctеd аs а strong support lеvеl, аs trаdеrs tеnd to buy morе whеn thе mаrkеt pricе аpproаchеs thеir cost bаsis, kееping downwаrd momеntum in chеck.

Glassnode аlso rеports thаt thе Mаrkеt Vаluе to Rеаlizеd Vаluе (MVRV) rаtio is аpproximаtеly 1.54, suggеsting thаt, on аvеrаgе, invеstors аrе sitting аt аbout 54% unrеаlizеd profit.

Glassnode 2
Source:

Losses mount for recent Toncoin buyers

Evеn though long-tеrm holdеrs rеmаin in а comfortаblе position, thе story is quitе diffеrеnt for nеwеr invеstors. Glassnode’s Realized Loss dаtа indicаtеs thаt thosе who bought into Toncoin within thе lаst month hаvе bееn hit hаrd. Thеsе short-tеrm holdеrs, who еntеrеd аt highеr pricеs, аrе now sеlling аt а loss.

Thе scаlе of rеаlizеd lossеs hаs surgеd drаmаticаlly. Thе monthly аvеrаgе of dаily rеаlizеd lossеs hаs now surpаssеd $49 million—fivе timеs highеr thаn thе historicаl dаily аvеrаgе of undеr $10 million rеcordеd bеtwееn 2022 аnd 2024. This spikе suggеsts thаt mаny rеcеnt invеstors аrе pаnic-sеlling or triggеring stop-loss ordеrs аs thеy еxit thеir positions.

Glassnode
Source: Glassnode

Analyst spots reversal signal for Toncoin

Dеspitе thе rеcеnt dip, not аll hopе is lost for Toncoin invеstors. A wеll-known crypto аnаlyst, Ali Martinez, hаs pointеd out аn intеrеsting dеvеlopmеnt using thе TD Sеquеntiаl indicаtor. This tool hеlps idеntify potеntiаl trеnd rеvеrsаls аnd еxhаustion points in pricе movеmеnts.

Ali’s аnаlysis suggеsts thаt Toncoin is on thе vеrgе of а rеbound, аs thе indicаtor signаls а possiblе shift in mаrkеt sеntimеnt. Whilе nothing is guаrаntееd in thе volаtilе world of cryptocurrеnciеs, invеstors mаy bе wаtching closеly for signs of а rеcovеry.

At thе timе of writing, Toncoin is trаding аt аround $3.77, mаrking а 1.64% gаin in thе lаst 24 hours dеspitе its shаrp dеclinе ovеr thе pаst month. Whеthеr thе mаrkеt follows historicаl pаttеrns or brеаks nеw ground rеmаins to bе sееn.

Related Readings | Peter Brandt Doubts Bitcoin’s $200K Target—Here’s Why

$234B Altcoin Wipeout: Why Bitcoin Remains the Market’s Safe Haven

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Key Takeaways

  • Bitcoin’s price volatility led to significant investor losses, emphasizing the market’s fragility.
  • Altcoin valuations faced synchronized declines, widening the gap between Bitcoin and other tokens.
  • Short-term holders played a pivotal role in recent losses, highlighting their sensitivity to market changes.

The digital asset market has faced intense turbulence, with Bitcoin at the center of recent price fluctuations. BTC saw its value oscillate between $93k and $102k before settling near $98k. These movements were influenced by geopolitical tensions, including tariff threats and a strengthening U.S. dollar, which pressured global liquidity.

According to the Glassnode report, despite BTC’s sideways price action, investors locked in approximately $520 million in losses during the dip to $93k. This marked one of the most significant local capitulation events of the current bull market.

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Notably, short-term holders—those who acquired BTC within the last month—accounted for the bulk of these losses. The sensitivity of this group to volatility reinforces its influence on Bitcoin’s market behavior during corrections.

Altcoin Sell-Off Deepens Bitcoin Dominance

While BTC showed relative resilience, altcoins suffered a broad-based collapse. Over the past two weeks, the global altcoin market cap shrank by $234 billion, with nearly all sub-sectors underperforming Bitcoin.

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Principal Component Analysis (PCA) revealed a lack of idiosyncratic behavior among tokens, as most moved in unison during the sell-off. This divergence between BTC and altcoins underscores the latter’s struggle to achieve adoption and market fit.

The drawdown resembled a bear market event, although less severe than the May 2021 crash or the late 2022 collapses tied to LUNA/UST and 3AC. Bitcoin’s ability to maintain stability highlights its dominance and the increasing gap between BTC and other digital assets.

Bitcoin Support Levels Signal Market Path

Looking forward, BTC’s critical support levels will play a key role in shaping market sentiment. The MVRV Z-Score, calculated on a 1-year rolling window, identifies $92.2k as a vital threshold. A breach below this level could lead to further declines, with the next support at $80.1k. Conversely, resistance at $118k could emerge as investors capitalize on unrealized profits.

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Short-term holders’ cost basis also serves as a crucial marker. Historically, this level has acted as a defense during bull market corrections. Currently, Bitcoin trades slightly above this range, signaling that bulls remain in control but face mounting pressure.

Maintaining these support zones is essential to prevent further downside, especially as trading activity below these levels is sparse. The coming weeks will test Bitcoin’s resilience and its ability to lead the digital asset market amid heightened volatility.

Related Reading | WazirX Recovers 85% of Lost Assets, Concludes Rebalancing

Mysterious Bitcoin (BTC) Transaction: 14,000 BTC Moved After 10 Years!

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  1. 14,000 BTC moved after 7–10 years but not sent to exchanges.
  2. Retail investors are accelerating accumulation at 72% above the yearly average.
  3. Whales have been offloading BTC at a 9x higher rate since late November.
  4. Bitcoin cycle peak predicted for Q4 2025 with a potential price of $200K–$300K.

On February 10, 14,000 Bitcoins, untouched for 7 to 10 years, were suddenly moved, according to CryptoQuant. Despite the large volume, none of these coins were transferred to exchanges, signaling that an immediate sell-off is unlikely. Historically, similar events have taken place without significant price impacts.

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However, since these BTC were acquired at a much lower price, their holders may decide to sell depending on market conditions. Traders are closely monitoring Bitcoin’s historical patterns to assess whether this movement could lead to any shifts in the market.

Retail Investors Ramping Up Accumulation

According to Glassnode, small investors holding less than 1 BTC have been accumulating at a record pace since mid-December. They are stacking an average of 10,627 BTC per day, marking a 72% increase over the past year’s daily average.

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This behavior is a stark contrast to November when retail holders sold into strength as Bitcoin surged past $100K. Their renewed confidence suggests a growing belief in BTC’s long-term upside, even as larger market players take a different approach.

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Whale Selling Pressure Intensifies

In contrast to retail accumulation, BTC whales—wallets holding over 1,000 BTC—have been consistently offloading their holdings since November 24. They have transferred an average of 32,509 BTC daily to exchanges, a ninefold increase compared to their yearly average.

image 92 4

This selling pressure raises concerns about short-term market fluctuations. If the trend continues, it could dampen BTC’s momentum despite retail enthusiasm. However, institutional demand might counterbalance these movements, preventing extreme volatility.

Bitcoin’s Next Cycle Peak in 2025?

Stockmoney Lizards provided an interesting perspective on Bitcoin’s long-term trajectory. They pointed out that Bitcoin remains in an overbought zone on the monthly RSI but has yet to reach the levels seen in past cycles.

Using RSI trends, they estimate a cycle peak in Q4 2025, aligning with Bitcoin’s four-year cycle. Their base case projects a $200K peak, with a bullish scenario targeting $300K. Institutional accumulation in this cycle adds weight to their predictions despite Bitcoin already boasting a $1.2 trillion market cap.

Bitcoin’s market dynamics remain complex, with long-dormant coins moving, retail investors accumulating aggressively, and whales distributing at an increased pace. Whether Bitcoin follows past cycles to new highs or faces short-term turbulence will depend on a delicate balance of buying pressure, institutional involvement, and macroeconomic factors.

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Bitcoin at $100K: Long-Term Investors Drive $2.1B Profit Wave

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Key Takeaways:

  • Bitcoin’s price remains above $100K, marking a significant milestone in market stability and investor confidence.
  • Long-term holders have capitalized on this surge, realizing profits of $2.1 billion daily, highlighting substantial sell-side pressure.
  • Demand from new investors continues to support the rally, balancing the distribution from seasoned holders.

Bitcoin’s impressive performance in 2024 has solidified its place as a cornerstone of the financial landscape. Bitcoin has traded above $100,000 for weeks and provided more than 150% YTD returns, following the structural blueprint of previous bull runs, accoridng to the latest report by Glassnode.

image 26
Source: Glassnode

The 638% growth so far in the current cycle thus indicates a maturing market which needs progressively larger capital flows to maintain its trend. While the market did see some drawdowns, these declines in this cycle were minor compared to previous bull runs-in this case, such as an August drop of 32%.

image 26 1
Source: Glassnode

Indeed, this stability does relate to the emerging function of institutional demand and the recent introduction of spot ETFs into the equation as agents that dampen volatility. Notably, the STHs metrics indicate that while their coins realized losses during corrections, the severity didn’t reach the levels typical of market crashes.

image 25 18
Source: Glassnode

Bitcoin Long-Term Holders Dominate Profit-Taking

Long-term holders have exploited the conditions to distribute supply, realizing a new all-time high of $2.1 billion in daily profits. Much of this sell-side pressure has been driven by coins acquired in early 2024, with holders of 6–12 month-old coins accounting for 38.5% of realized profits.

image 26 2
Source: Glassnode

On the other hand, coins that are older than three years have been moved very little, suggesting these holders have yet to liquidate while waiting for higher prices; thus indicating how late bull cycles work: experienced investors sell while new market entrants keep the demand going.

Curiously enough, the indication by AVIV Ratio-more a leading indicator of impending market overheating-is out, saying there is legroom to this rally since the present levels are currently below those historical profit maximums, suggesting more upside momentum.

Institutional Demand Fuels Optimism

The huge inflow of fresh capital, amounting to $2.1 billion, reveals robust demand from both retail and institutional investors. This demand side has largely increased, signaling a period in which wealth was transitionally flowing out from the pockets of long-term holders into relatively new market participants.

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Source: Glassnode

For the time being, it is still staying away from the euphoric saturation seen at local peaks and points out that speculation fervor is moderate. This could eventually become a sign of maturity and strength in a market when combined with the resilience of Bitcoin during corrections and more steady demand.

While investors closely monitor metrics such as the AVIV Ratio and unrealized profits, the question everyone wants an answer to remains: how far can this Bitcoin rally extend before the balance shifts?

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Trump Accepts Shiba Inu and More for Donations

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Former US President Donald Trump is now accepting Shiba Inu for his campaign donations. Besides SHIB, the Trump campaign also accepts Bitcoin, Ethereum, Dogecoin, Solana, and XRP. In his “Make America Great Again” campaign, the presidential candidate presents himself as the defender of American freedom and innovation prepared to welcome new technologies.

There were speculations surrounding Trump’s investment, considering his past criticism of digital assets. Only after a recent tax filing on April 14 revealed that Trump is a significant cryptocurrency holder, owning $250,000–$500,000 worth of crypto assets, largely derived from licensing fees tied to the use of his image in popular NFTs.

That being said, Trump’s acceptance of SHIB boosts the coin’s visibility and legitimacy, as this news would attract massive media attention, potentially attracting new investors and users. Most importantly, SHIB’s addition would likely increase the number of transactions, highlighting practical use cases and functionality.

Meanwhile, the meme coin has gained massive traction, as evidenced by the surge of non-zero Shiba Inu wallets in less than a week. 

Shiba Inu Wallets at All-Time High

Data from Glassnode indicated that on May 15, the number of Shiba Inu holders exceeded 1.4 million, reaching a new peak, before retracting at the time of publication. While wallet addresses with non-zero balances were not at their peak, current figures indicate that the SHIB Army grew by nearly 100,000 in a year. It is worth noting that the Shiba Inu Army consisted of approximately 1.29 million members last year.

Shiba Inu
Trump Accepts Shiba Inu and More for Donations 18

Price-wise, the leading meme coin displayed signs of a pattern called a “bull flag.” This suggests a promising trend for SHIB, indicating a potential price increase. Following a brief price surge, the meme coin is poised to continue its impressive upward trend, which has already seen a whopping 210% rise, per market experts. Digging deeper: SHIB currently aims for a target price of $0.000081. It will represent more than a threefold increase from its current price if it reaches this point.

Bullish Signals Abound As Bitcoin Supply Tightens To Historic Levels

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The Bitcoin supply is currently experiencing historic levels of tightness, with Long-Term investors holding an all-time high of coins and significant accumulation ongoing, according to Glassnode’s recent on-chain report. Various on-chain supply metrics highlight this tightness.

The data indicates that Illiquid, HODLed, and Long-Term Holder Supply metrics are all at historical highs, underlining the scarcity of available BTC. This scarcity is reflected in the spending behavior of Short-Term Holders, who appear to be holding onto their assets in light of the market’s rally above the $30,000 threshold.

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Investor cost basis analysis suggests that the range between $30,000 and $33,000 holds significant interest for bullish investors, with a notable gap between these levels. The Bitcoin halving is also on the horizon, estimated to be around 166 days away, while approving a spot ETF in the US seems increasingly likely, boosting investor enthusiasm.

Bitcoin Supply Distribution Analysis

The distribution of Bitcoin supply is analyzed from a macro perspective, revealing that long-term Bitcoin investors hold onto their assets, with a significant portion of the circulating supply held for over a year. The Illiquid Supply metric, reflecting coins held with minimal spending history, is at an all-time high, indicating that investors continue to withdraw their coins into custody.

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HODLer Net Position Change, which measures the supply held in long-term storage, shows a steady inflow of assets, highlighting the maturation of the Bitcoin supply. This trend results in a growing divergence between Long-Term Holder supply and Short-Term Holder supply, indicating a tightening grip on Bitcoin assets.

Additionally, the Activity-to-Vaulting Ratio (A2VR) reflects this divergence on a macro scale, showing a decline in investor activity since June 2021. It suggests that the vitality of the 2021-22 cycle has been washed out of the market.

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Analysis of spending behaviors with the Sell-Side Risk Ratio highlights a reawakening of short-term holders as Bitcoin reached $35,000. On the other hand, long-term holders remain reluctant to part with their assets, resembling previous periods of tight BTC supply.

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Moreover, the Accumulation Trend Score metric also shows an influx of Bitcoin across all wallet size categories, indicating growing investor confidence and positive changes in behavior. Small entities like Shrimps, Crabs, and Fish have been accumulating at a significant rate.

Related Reading | Ethereum’s L-2 Battle Heats Up With Kraken’s Entry

Glassnode Co-Founder Dubs $28k Bitcoin Level Crucial Amidst Surging Prices

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In the cryptocurrency world, swift and unexpected price movements can often leave investors in a state of awe. Glassnode’s co-founder, known as “Negentropic” on Twitter, recently highlighted a price level that’s sending ripples across the crypto space. Why is $28,000 for Bitcoin suddenly such a critical point of interest?

After Negentropic’s tweet caught the crypto community’s attention, BTC experienced an immediate and remarkable surge in value. Within just 30 minutes of the announcement, the leading cryptocurrency witnessed a sharp rise.

On the Binance BTC/USDT trading platform, which accounts for 8% of BTC’s 24-hour trading volume, Bitcoin’s price jumped from $27,880 to $30,000. That’s an impressive 7% increase in less time than it takes to grab a cup of coffee!

Critical Milestone: Bitcoin BTC’s Future Depends on $28k

The cryptocurrency market often dances to the tune played by Bitcoin, the pioneer of digital currencies. Negentropic’s mention of the $28,000 level isn’t just casual chatter; it’s a critical milestone that has captured the market’s attention.

The crypto sphere hinges on BTC’s ability to break through and consistently maintain a value above $28,000. As of today, while this pivotal milestone was momentarily touched in futures markets, the spot market price peaked at $27,980.

This slight discrepancy highlights the significance of the $28,000 level in the broader scheme of things. These price thresholds aren’t mere numbers on a chart; they symbolize investor sentiment and market dynamics.

As BTC approaches this level, traders and enthusiasts are closely monitoring its movements, as it could have far-reaching implications for the entire crypto ecosystem.

Bitcoin Fate: Is Inflation Holding Steady Despite Economic Predictions?

In another tweet, Negentropic also delved into the world of traditional finance. Despite the Federal Reserve’s aggressive rate strategy aimed at curbing inflation, the most recent Consumer Price Index (CPI) statistics, released last Friday, presented a different story.

Inflation numbers came in higher than expected, with an overall yearly increase of 3.7%, or 4.1%, excluding food and energy costs. This unexpected surge in inflation figures could spell trouble for risk assets as it implies that interest rates may either remain elevated or continue to rise.

Bitcoin, being classified as a risk asset, could be impacted by these developments. The cryptocurrency and Ethereum have underperformed on the upside, leading to a smaller beta on the downside.

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Ethereum Whale’s $23.8M Transfer To OKEx Sparks Crypto Speculation

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In a surprising twist, the cryptocurrency world is buzzing with the revelation of an enigmatic Ethereum (ETH) whale conducting a breathtaking transfer of 15,000 Ethereum tokens to the esteemed crypto exchange, OKEx. As reported by the renowned crypto news source ‘Whale Alert,’ this remarkable transaction boasts a substantial value of $23.8 million, plunging the entire crypto community into a whirlwind of curiosity and conjecture.

The anonymity surrounding the sender’s identity has only added to the mystique of this colossal move. While the blockchain’s transparency allows anyone to monitor on-chain data, transactions of this magnitude can send shockwaves through the ETH market, triggering contemplation among millions of users about the potential implications of its price.

The actions of prominent cryptocurrency holders, known as whales, transferring their assets to centralized exchanges frequently signal impending market downturns, elevating concerns. This dynamic fosters speculation and heightened vigilance within the crypto community, exerting a significant influence on the future valuation trajectory of Ethereum.

Ethereum’s Enigmatic Tokens And Their Impact

The precise origin of these tokens remains uncertain, leaving the crypto sphere to ponder whether they stem from Ethereum’s Initial Coin Offering (ICO) era or were acquired later. Speculation is rife, with some suggesting that the wallet could belong to OKEx itself, part of routine fund management activities. Conversely, it could be the domain of a deep-pocketed Ethereum (ETH) whale looking to lock in substantial profits.

If the latter scenario holds, there is potential for increased selling pressure on ETH in the coming days. Ethereum, trading just below $1.6k, may experience further price fluctuations as the wallet’s owner navigates the turbulent crypto waters. However, it’s essential to emphasize that no concrete confirmation has emerged regarding either of these conjectures.

Adding to the intrigue, data from GlassNode underscores a concerning trend: the number of ETH addresses holding over 100 coins has plummeted to a 10-month low, now standing at a mere 45,640. This sharp decline has been in motion since March of this year, casting shadows over the Ethereum ecosystem and leaving market analysts grappling with its implications.

As the crypto world eagerly awaits further developments, this mysterious ETH whale’s actions continue to captivate the community’s imagination, reminding us of the ever-unpredictable nature of the digital currency landscape.

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Bitcoin Holders Optimistic Amid Price Stagnation, Eyes On SEC ETF Decision

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In the face of Bitcoin’s recent price stability, dedicated holders of the leading cryptocurrency maintain unwavering confidence in an imminent bullish rally. Their optimism is primarily driven by the potential approval of a spot BTC ETF by the U.S. Securities and Exchange Commission (SEC), with expectations ranging from late 2023 to sometime in 2024.

Over the past few months, the crypto market has witnessed Bitcoin’s price meandering sideways. Nonetheless, on-chain data from Glassnode reveals that the number of addresses holding 10 or more BTC has surged to an all-time high. This record-breaking achievement surpasses the previous peak of 157,572, noted on September 22, 2023, signaling a growing interest and confidence among cryptocurrency holders.

Crypto Community Awaits SEC Decision On Bitcoin ETF

Prior analyst predictions indicate that BTC might have strategically set a bear trap, strategically paving the way for its triumphant resurgence toward the coveted $27,000 mark, as the impending deadline for the SEC’s judgment on spot Bitcoin ETF applications, slated for October 16, 2023, approaches.

Traders Eagerly Awaiting the SEC’s Ruling on BlackRock’s Filing, Expected on October 17, 2023. Nevertheless, Considering the SEC’s History of Delaying Application Deadlines, the Prospect of Another Extension Lingers, Highlighted by the Agency’s Recent Prolongation in Early September

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Source: Tradingview.com

As of the latest update, the recent Bitcoin price is $26,093.26, accompanied by a 24-hour trading volume of $11,051,016,581. Over the past 24 hours, BTC has experienced a 1.83% decrease in value, leaving market participants keenly watching for the next move in this ever-volatile crypto landscape.

Related Reading:| Bitcoin ETFs Await SEC Decision As Second Deadline Nears

Bitcoin Network Sparks Intrigue As Block Fullness Reaches All-Time High

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In a groundbreaking revelation, the Bitcoin network finds itself in uncharted territory as it grapples with the longest period of block fullness in its history, as per the latest data from Dune. Over 461,000 transactions are queuing up in the mempool, sparking intense curiosity and in-depth scrutiny within digital currencies.

James Check, widely acknowledged as ‘Checkmate, has emerged as a notable expert, highlighting the mysterious surge in blockspace demand. His analysis exposes a puzzling contradiction, even as critical indicators like new addresses and transaction counts reach unprecedented levels, there is a striking reduction in the on-chain settlement of BTC volumes, now approaching its lowest point in a year.

Checkmate’s revelations center on a relatively new phenomenon in the Bitcoin network, “Inscriptions.” Specifically, text-based inscriptions have been responsible for 50% to 60% of all confirmed transactions since mid-April, coinciding with the BTC mempool’s prolonged congestion.

Hidden Influencers Of Bitcoin’s Blockspace Dynamics

Despite their prevalence in confirming transactions, these inscriptions occupy an unexpectedly small portion of block sizes, representing just 10% of bytes and approximately 20% of transaction fees. This anomaly adds to the intrigue surrounding Bitcoin’s evolving dynamics.

According to Checkmate, this trend highlights a BASELOAD fee pressure, indicating an economic situation where users tend to favor more affordable blockspace. The Glassnode researcher points out, “Fee pressure has indeed eased since the peak in May. Bitcoin fees remain higher compared to the bear market but are a long way from the exuberance seen during the bull market.”

Although inscription transactions outnumber monetary transfers, the data indicates that more than 80% of the blockchain is still occupied by monetary transfers, which starkly contrasts with the declining frequency of such transfers in the current landscape.

Checkmate highlights a significant shift in average transaction sizes throughout Bitcoin’s history. Historically, the average transaction size fluctuated between 550 to 600 bytes. However, introducing image inscriptions in March 2023 led to a spike, pushing the average transaction size to over 1.4kb. Subsequently, with the prevalence of text inscriptions, the average size plummeted to 435 bytes, marking an unprecedented low.

Analyst reflects on the philosophical and cultural significance of these inscriptions. He perceives them as not just data inputs but as timestamps that encapsulate the essence of our society. In his view, these attributes elevate Bitcoin beyond its technical aspects, imbuing it with a more humanistic quality. Given its immutable and incorruptible nature, he regards Bitcoin as humanity’s golden record, a ledger that faithfully preserves the truth of our collective history.

The growing trend of inscriptions and their multifaceted implications for the future of the Bitcoin network promises to remain central topics of discussion, exploration, and innovation in the Bitcoin sphere.

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