Bitcoin News
By Dan Saada
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Bitcoin is once again capturing headlines as it inches closer to the $110,000 mark. But unlike previous bull runs marked by retail frenzy and social media hype, this rally is…
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One of the most noticeable shifts is the stagnant number of active Bitcoin addresses. Data shows this number hovering around 850,000, a figure last recorded when Bitcoin was…
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Supporting this shift is the behavior of Bitcoin miners. Despite favorable market conditions to sell, miners have largely opted to hold.
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Meanwhile, on-chain data shows that some investors are taking profits, but in a measured, non-panicked way. The Net Realized Profit and Loss (NRPL) metric has risen by 7.
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Adding more fuel to the rally is a surge in Bitcoin’s derivatives market. Trading volumes have jumped by over 22%, and open interest has increased by nearly 7%, now sitting at $76.
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All these developments point to a significant evolution in Bitcoin’s market structure. Retail participation remains limited, yet prices are surging.
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This rally seems to reflect a broader transformation in how Bitcoin behaves and how its value is determined. Price action is no longer solely driven by visible on-chain activity.
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