"Still a lack of large buyers, or what we refer to as "whales" on-chain. This looks at entities with over 1,000 BTC and then filters out exchanges," William Clemente, the author of Blockware Intelligence newsletter, said in the latest weekly edition published Friday. Source link … [Read more...] about Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold
Technical
Technical Indicator Points to Bitcoin Price Bounce
A lesser-tracked technical analysis indicator is signaling good times ahead for bitcoin.The cryptocurrency's 10-week simple moving average (SMA) is about to dip below the 50-week SMA, confirming a so-called bearish crossover.Historically, the negative signal has proven to be a contrary indicator, marking interim price bottoms and the end of bear markets, as feature image … [Read more...] about Technical Indicator Points to Bitcoin Price Bounce
Bitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’
Bitcoin may not be able to build on the relief rally as it heads into the year-end, a key technical indicator that’s flipped bearish amid heightened macro risks indicates.“The weekly MACD is on a ‘sell’ signal for the first time since April, increasing risk into year end,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a weekly research note shared … [Read more...] about Bitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’
An inside look at the moral and technical considerations of crypto social media
Following Vitalik Buterin’s call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical … [Read more...] about An inside look at the moral and technical considerations of crypto social media
The technical benefits of EIP-1559
By Yuga CohlerTLDR: EIP-1559 transactions have allowed Coinbase and Coinbase users to save ETH on gas prices without sacrificing confirmation times. Coinbase has also burned a lot of ETH, permanently reducing the supply of the second largest cryptocurrency by market capitalization.On August 5, 2021, Ethereum’s “London” upgrade launched successfully on mainnet as the last hard … [Read more...] about The technical benefits of EIP-1559