Long-term holder (LTH) supply reached a cyclical low on Nov. 21, the same day bitcoin BTC$92.175,09 bottomed out around $80,000. With the bitcoin price now back at $90,000, about 15% higher from the low, the data suggests that most spot-driven sell pressure has already washed through the market following the 36% peak to trough correction. …
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Tag:Supply
Ether Exchange Balances Hit Record Low Amid Supply Squeeze
The amount of Ether stored on centralized crypto exchanges is at an unprecedented low, which could result in a supply squeeze, say analysts. Ether (ETH) exchange balances fell to 8.7% on Thursday last week, the lowest they have been since the network launched in mid-2015. The amount of the asset held on exchanges remained low …
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