Negative funding rates may signal a market bottom, suggesting potential 
bullish trends and increased institutional interest in Bitcoin.
The post Bitcoin funding rates hit most negative levels since 2023: Glassnode 
appeared first on Crypto Briefing.

Bitcoin funding rates hit most negative levels since 2023: Glassnode

The US blockade highlights geopolitical tensions, influencing market 
skepticism about immediate territorial changes and emphasizing safe-passage 
enforcement.
The post US Central Command confirms Marine, Navy support for Iran blockade 
appeared first on Crypto Briefing.

US Central Command confirms Marine, Navy support for Iran blockade

On-chain data shows the Bitcoin short-term holders reacted to the recent price 
surge by sending a significant amount of BTC to centralized exchanges. Bitcoin 
Short-Term Holders Deposited 61,000 BTC During The Rally As pointed out by 
CryptoQuant community analyst Maartunn in an X post, the Bitcoin short-term 
holders have recently participated in a notable amount of exchange deposit 
activity. The &#8220;short-term holders&#8221; (STHs) refer to BTC investors who purchased 
their coins within the past 155 days. This cohort represents the weak-minded 
side of the market that tends to be reactive to volatility. Related Reading: 
Ethereum Retail Hands Still In Disbelief, Keep Selling Into Strength Since the 
cryptocurrency&#8217;s spot price has seen a recovery surge in the last few days, 
the STHs could be expected to have reacted to it. And indeed, the exchange 
inflow data would confirm it. Below is the chart shared by Maartunn that shows 
the trend in the 24-hour sum of the exchange inflows being made by Bitcoin 
STHs over the last few months. As is visible in the graph, the Bitcoin STH 
exchange inflows saw their 24-hour sum hit a sharp peak during the asset&#8217;s 
surge toward the $76,000 level. This suggests that the new investors 
transferred large sums to centralized exchanges. Generally, one of the main 
reasons why holders deposit their coins to these platforms is for selling- 
related purposes, so a spike in exchange inflows can be a sign of elevated 
selling pressure in the market. During the recent deposit spree, STH inflows 
hit 61,000 BTC (worth nearly $4.5 billion at the current exchange rate), which 
is the highest level since the selloff at the start of February. The February 
exchange inflow activity followed a sharp crash in the cryptocurrency sector, 
so it corresponded to panic selling from the STHs. Meanwhile, the latest spike 
likely represents a push toward profit-taking from these investors instead. In 
terms of overall exchange inflows, deposit activity hit 11,000 BTC per hour 
alongside the rally, as CryptoQuant has highlighted in a post on its official 
X handle. As displayed in the above chart, this spike in the hourly Bitcoin 
exchange inflow was the largest since December, exceeding the peak from this 
year&#8217;s price crash. Thus, it would appear that the STHs aren&#8217;t the only ones 
who have been looking at the rally as an opportunity to exit. Related Reading: 
Ethereum MACD Flashes Golden Cross—Price Surged 74%+ Last 3 Times Since the 
increase in exchange deposit activity has appeared, BTC has seen its price 
rally stall, indicating that the selling pressure has been strong enough to 
neutralize the bullish momentum. So far, however, the asset hasn&#8217;t outright 
changed direction, so it only remains to be seen how the market will develop 
in the coming days. BTC Price At the time of writing, Bitcoin is trading 
around $74,400, up more than 4% over the last week. Featured image from 
Dall-E, chart from TradingView.com

Bitcoin Rally Stalls As 60,000 BTC From STHs Hits Exchanges

Ethereum&#8217;s market dominance highlights its pivotal role in the evolving 
financial landscape, influencing institutional strategies and investor 
sentiment.
The post Ethereum dominates 61% of tokenized assets market, valued at $209.6B 
appeared first on Crypto Briefing.

Ethereum dominates 61% of tokenized assets market, valued at $209.6B

The ceasefire and potential Iran deal could stabilize regional tensions, 
impacting global markets and diplomatic relations significantly.
The post Trump announces 10-day Israel-Lebanon ceasefire, hints at Iran deal 
progress appeared first on Crypto Briefing.

Cryptocurrency price in EUR