CryptoPulse

According to history, the Bitcoin bull market should be starting in 15-20 days.

According to Glassnode, the Bitcoin hash rate has skyrocketed to an all-time high of 811.52M TH/s. While this isn't necessarily a short-term price indicator, it does show that the Bitcoin network is becoming increasingly secure over time.

Solana's on-chain volume is hitting all-time lows once again. With the memecoin season coming to an end on Solana, the declining volume is becoming more evident.

Short-term holders are bearing the brunt of market pressure, with increasing unrealized losses over the past few months. However, these losses haven't yet reached full bear market levels, resembling more the volatility of 2019.

The long-term holder (LTH) vs. short-term holder (STH) supply ratio is a key metric for investors. If you're a long-term investor, it's typically wise to follow the actions of LTHs, as they are less influenced by short-term market fluctuations.

From a macro perspective, the current spot price of Bitcoin is trading approximately 22% below its all-time high (ATH), a relatively shallow drawdown when compared to historical bull market trends.

JUST IN: The % of illiquid #Bitcoin supply has just hit a new all-time high! Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data. The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run.

When comparing monthly price volatility to net liquidation volumes, there's a noticeable correlation between the two. This highlights how market volatility can be intensified by the unwinding of leveraged positions, as traders get caught on the wrong side of sudden market movements.

For the first time in a year, the 90-day change in stablecoin supply has turned positive, showing a rising trend in correlation with BTC, according to Glassnode.

📣The stablecoin market has reached a new all-time high in terms of market capitalization This increase in market cap is driven by various factors, including heightened interest in decentralized finance applications, the use of stablecoins for trading and payments, and their role as a hedge against the volatility of other cryptocurrencies. Stablecoins, which are digital assets pegged to traditional currencies like the US dollar, offer a stable store of value that can be easily transferred across different platforms and countries. The rise in their market cap indicates a broadening acceptance of stablecoins as a reliable medium of exchange and a tool for managing risk in volatile markets.