Ethereum price started a fresh increase above the $2,485 zone. ETH is now consolidating gains and might soon aim for a move above the $2,520 resistance. Ethereum started a fresh upward move above the $2,465 level. The price is trading above $2,460 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,400 zone in the near term. Ethereum Price Eyes Fresh Gains Ethereum price started a fresh increase above the $2,440 support level, like Bitcoin . ETH price was able to clear the $2,460 and $2,480 resistance levels to move into a positive zone. The bulls even pushed the price above the $2,500 zone. However, the bears were active near the $2,520 level . A high was formed at $2,522 and the price is now consolidating gains. The price dipped below the 23.6% Fib retracement level of the upward move from the $2,435 swing low to the $2,522 high. Ethereum price is now trading above $2,460 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,450 on the hourly chart of ETH/USD. It is close to the 76.4% Fib retracement level of the upward move from the $2,435 swing low to the $2,522 high. On the upside, the price could face resistance near the $2,520 level. The next key resistance is near the $2,550 level. The first major resistance is near the $2,600 level. A clear move above the $2,600 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Downside Break In ETH? If Ethereum fails to clear the $2,520 resistance, it could start a fresh decline. Initial support on the downside is near the $2,450 level and the trend line. The first major support sits near the $2,420 zone. A clear move below the $2,420 support might push the price toward the $2,400 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,420 Major Resistance Level – $2,520
Market tactician Daan Crypto Trades (@DaanCrypto) has put a statistical spotlight on Bitcoin’s habit of dozing through June before rewarding – and sometimes punishing – traders in the following quarter. “BTC June has historically been a pretty slow month,” he wrote, noting that the just-ended period was no exception, with spot prices meandering in a narrow band and finishing “pretty flat.” The comment was accompanied by a Coinglass heat-map of monthly returns that reaches back to 2013 and vividly illustrates the summer pattern he is talking about. What July Hides For Bitcoin The numbers support the observation. According to the Coinglass dataset, the mean return for June over the past twelve years is essentially zero (-0.12 %), while July posts a respectable +7.56% on average and an even stronger +8.90 % on the median. August cools to a modest +1.75% mean, and September is where the sell-side pressure historically bites, averaging -3.77% with a negative median of -4.35%. Related Reading: Bitcoin Freezes Over $100,000 As OG Whales ‘Dump On Wall Street’: Expert A simple frequency count underscores the asymmetry: July has finished green in eight of the last twelve years, whereas August and September managed only four positive outcomes each. Years that veterans still recall – 2017’s +65.32 % August melt-up followed by a -7.44 % September slide, or 2020’s +24.03 % July rally that surrendered to a -7.51 % September pullback – appear to have etched the “big flush-out” narrative into collective memory. Daan’s takeaway is behavioural rather than predictive: “August & September are where we often see a big flush-out but are also the dips you often want to be buying into the end-of-the-year rally… it’s good to be aware of these seasonalities. That way you can focus more on the larger timeframe and won’t get spooked or get over-excited too easily.” The comment arrives just as Bitcoin tests a cluster of long-timeframe resistances. In a post on Saturday he reminded followers that BTC is “close to all-time high but at resistance… [it] is yet to close a weekly or more than two consecutive daily candles above that resistance. Once it does, we can start getting excited for a larger move.” Related Reading: Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe? The seasonality conversation matters because it collides with a crowded macro calendar and a notoriously illiquid holiday stretch. While historical averages do not guarantee future performance, the heat-map suggests that directional conviction often returns in October – the best-performing month on the table with a +21.89 % mean. For traders, that leaves a two-month corridor in which whipsaw moves are common and positioning discipline becomes paramount. Daan extends the framework to altcoins via the TOTAL3 index (crypto market cap excluding Bitcoin and Ether). “The TOTAL Altcoin Market Cap has held on to its local support but is still not showing any clear trend… to really get this high timeframe move going you want to break those local highs above the ~$950 B mark. At that point you can start aiming for cycle highs.” Whether 2025 repeats the seasonality script will hinge on the macro environment, ETF inflows and, above all, Bitcoin’s ability to convert resistance into fresh price discovery. Until that weekly close arrives, seasoned traders appear content to keep summer expectations firmly tethered to the data – exactly as Daan recommends. At press time, BTC traded at $107,344. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s price action has held steady, and Ethereum is showing signs of cooling off, but Lightchain AI’s presale is generating waves of FOMO across the crypto community. With $20.9 million already raised and tokens priced at a fixed $0.007, Lightchain AI is capturing attention for its intelligent blockchain infrastructure and long-term potential. As major cryptocurrencies pause, traders and investors are turning to Lightchain AI as a fresh opportunity poised for growth. This surge in demand isn’t just hype—it reflects growing confidence in a project designed to deliver scalable utility and meaningful innovation in an evolving market landscape. Bitcoin and Ethereum Show Minimal Movement Amid Market Pause May 28, 2025: Bitcoin (BTC) and Ethereum (ETH) appear to be stagnant as the global market cools down. At the time of writing, Bitcoin (BTC) was trading at around $10,843, with a 0.29% loss at that time on the day. Ethereum is at about $2,633, up 1.3%. The relatively calm action comes after Bitcoin saw near all-time highs of $111,814 on May 22, showing a 2.4% pullback since. Ethereum meanwhile is consolidating below a $3,000 resistance consolidation and some analysts are now predicting unless it can be broken through the consolidation could continue for the rest of the year. Investors on the sidelines waiting for more clear market indicators, such as the possibility of U.S. interest rates change and regulatory improvements is part of the reason. Nonetheless market interest is institutional oriented as we have been seeing large inflows of cryptocurrency exchange traded funds (ETFs) and corporate acquisitions which supports the bullish case for the digital asset market in the long run. Lightchain AI Presale Ignites Fresh FOMO Across Trading Circles The Lightchain AI presale is igniting a fresh wave of FOMO across trading circles, as the project rolls into its Bonus Round with fixed token pricing and strong fundamentals. Attracting serious trader attention is more than just timing—it’s about infrastructure. Lightchain is building cross-chain capabilities to enable seamless interoperability across blockchain ecosystems. Simultaneously, DeFi partnership onboarding is in motion, expanding utility and liquidity reach. Decentralized validator and contributor nodes ensure robust, community-secured network operations without central control. Adding to the excitement, Lightchain’s public repositories will be released at mainnet launch, offering full transparency into the protocol’s codebase and smart contract logic. As momentum builds, traders are recognizing Lightchain AI as a credible, scalable play in the decentralized AI movement. While Others Stall, Lightchain AI Is Pulling in Crowd Fast While others waver in market uncertainty, Lightchain AI is charging ahead, building real momentum and capturing attention fast. Its Bonus Round is still live at just $0.007, with over $20.9 million already raised and developer interest surging. With decentralized validator nodes, exciting DeFi partnerships, and a public GitHub release just around the corner, Lightchain AI With decentralized validator nodes, exciting DeFi partnerships, and a public GitHub release just around the corner, Lightchain AI is turning heads among builders and traders alike. This could be the breakout Layer 1 everyone’s been waiting for—don’t miss it! Buy presale tokens now and join the Lightchain AI community. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf Tweets by LightchainAI https://t.me/LightchainProtocol
On July 1st, Nate Geraci, President of The ETF Store, highlighted a significant trend in the cryptocurrency market, noting that Bitcoin spot ETFs have experienced net inflows for 15 consecutive
BitcoinWorld Bitcoin Transfer: Mysterious $267 Million Whale Move Unveiled A colossal Bitcoin transfer has sent ripples through the crypto community, sparking intense speculation and curiosity. Imagine waking up to news of hundreds of millions of dollars in Bitcoin suddenly shifting hands. That’s exactly what happened when Whale Alert, the renowned blockchain tracking service, flagged a massive movement of 2,500 BTC from the Bitfinex exchange to an unidentified wallet. Valued at approximately $267 million at the time of the transaction, this significant BTC movement immediately raised questions: Who is behind this? What are their intentions? And what does it mean for the broader market? Who Are These ‘Crypto Whales’ and Why Do They Matter? When we talk about a crypto whale , we’re referring to an individual or entity holding a substantial amount of cryptocurrency, enough to potentially influence market prices with their trades. These aren’t your everyday retail investors; they’re the giants of the digital asset world. Their movements are meticulously tracked because a large buy or sell order can send shockwaves across the market, impacting Bitcoin’s price action and overall sentiment. Why do we pay such close attention? Market Influence: A whale moving funds to an exchange might signal an intent to sell, potentially leading to a price drop. Conversely, moving funds off an exchange to cold storage could indicate a long-term holding strategy, often seen as bullish. Liquidity Indicators: Their actions can provide insights into market liquidity and supply dynamics. Sentiment Barometer: Whale movements often serve as a psychological barometer for the market. Large, unexplained transfers can create fear, uncertainty, and doubt (FUD) or, in some cases, signal institutional interest. Unpacking the Bitfinex Transaction: The Details The recent Bitfinex transaction , as reported by Whale Alert, involved a substantial sum. Bitfinex is one of the oldest and largest cryptocurrency exchanges, known for its deep liquidity and institutional client base. A transfer of this magnitude originating from such a prominent exchange naturally attracts significant attention. Here’s a quick breakdown of the key details: Metric Detail Amount Transferred 2,500 BTC Source Exchange Bitfinex Destination Unknown Wallet Approximate USD Value $267 Million Reported By Whale Alert This isn’t the first time Bitfinex has seen large outflows, but each significant Bitcoin transfer from a major exchange warrants careful consideration, especially when the destination remains a mystery. The Mystery of the Unknown Bitcoin Wallet: What Does It Mean? The destination, an unknown Bitcoin wallet , adds layers of intrigue and speculation to this already significant event. In the world of blockchain, while transactions are public, the identities behind the wallet addresses often remain pseudonymous. This anonymity can serve various purposes, from enhancing privacy to facilitating over-the-counter (OTC) deals. Possible reasons for moving funds to an unknown wallet include: Cold Storage: The whale might be moving funds from a hot wallet (connected to the internet, like an exchange) to a more secure cold storage solution (offline wallet) for long-term holding. This is often a sign of conviction in Bitcoin’s future price. OTC Deal: The funds could be part of a large over-the-counter transaction, where a buyer and seller directly exchange assets outside of a public exchange. These deals are common for large institutional trades to avoid market slippage. Consolidation: A whale might be consolidating funds from multiple sources into a single, new address for better management. Security Reasons: Moving funds off an exchange mitigates risks associated with exchange hacks or insolvency. Preparation for Future Activity: The funds might be moved in preparation for a major investment, a new venture, or even just rebalancing a portfolio. Without further on-chain analysis or direct confirmation from the entity involved, pinpointing the exact reason behind the move to an unknown Bitcoin wallet remains speculative. However, the sheer volume suggests a calculated and strategic decision. Decoding the Bitcoin Transfer Implications for the Market The sheer size of this Bitcoin transfer naturally leads to questions about its implications for the broader cryptocurrency market. While a single large transaction doesn’t necessarily dictate market direction, it can certainly influence sentiment and contribute to market narratives. Potential implications include: Market Sentiment: Unexplained large movements can trigger a degree of uncertainty among retail investors, sometimes leading to short-term price volatility. Supply Dynamics: If the BTC is moved to cold storage, it reduces the immediate circulating supply available on exchanges, which could be seen as bullish in the long run. If it’s moved to an unknown wallet that then sends it to another exchange, it could signal an upcoming sell-off. Security Focus: Such large transfers highlight the importance of robust security practices, both for exchanges and individual holders. Regulatory Scrutiny: As the crypto market matures, large, opaque transactions might attract increased attention from financial regulators, emphasizing the need for transparency in certain contexts. It’s important for investors not to react impulsively to such news but rather to consider it as one data point among many in their overall market analysis. How to Analyze Significant BTC Movement: Actionable Insights Understanding significant BTC movement is crucial for anyone navigating the volatile crypto landscape. While the average investor may not have access to the same sophisticated tools as institutional players, there are ways to interpret on-chain data and incorporate it into your strategy. Here are some actionable insights: Follow On-Chain Analytics: Services like Whale Alert provide real-time updates. More in-depth platforms offer detailed views of whale holdings, exchange inflows/outflows, and network activity. Distinguish Between Exchange Wallets and Private Wallets: Knowing whether funds are moving to or from an exchange is key. Funds moving to exchanges often suggest an intent to sell, while funds moving off exchanges typically indicate accumulation or cold storage. Look for Patterns: Is this an isolated incident, or part of a larger trend of whale activity? Consistent outflows from exchanges, for example, could signal a bullish accumulation phase. Don’t Panic: A single large transaction is rarely enough to crash or pump the market permanently. It’s one piece of a much larger puzzle. Focus on long-term trends and fundamental analysis. Diversify Your Information Sources: Combine on-chain data with technical analysis, macroeconomic factors, and news from reputable sources. These movements are a constant reminder of the dynamic and often opaque nature of the cryptocurrency market. They underscore the importance of staying informed and understanding the underlying mechanics of blockchain transactions. A Glimpse into the Crypto Undercurrents The 2,500 BTC transfer from Bitfinex to an unknown Bitcoin wallet serves as a potent reminder of the powerful forces at play in the cryptocurrency ecosystem. This significant crypto whale activity, valued at $267 million, highlights the ongoing large-scale Bitcoin transfer events that continuously shape market sentiment and dynamics. While the exact motives behind this specific Bitfinex transaction remain shrouded in mystery, such a substantial BTC movement from a major exchange warrants close observation. Whether it signals a strategic accumulation, an institutional OTC deal, or simply a security-conscious move to cold storage, these whale activities are the undercurrents that can sometimes precede significant shifts in the digital asset landscape. For investors and enthusiasts alike, understanding these movements offers a fascinating glimpse into the mechanics and psychology of the crypto market, urging us to remain vigilant and informed. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin market dynamics. This post Bitcoin Transfer: Mysterious $267 Million Whale Move Unveiled first appeared on BitcoinWorld and is written by Editorial Team
The cryptocurrency sector is on the verge of a pivotal advancement with the anticipated approval of a Solana Staking ETF, promising a novel investment avenue combining growth and yield. This
BitcoinWorld Crucial Bitcoin Mining Difficulty Plunges 7.48% Amidst Global Heatwaves Are you wondering what the recent dip in Bitcoin mining difficulty means for the world of cryptocurrency? On June 29, at block height 903,168, the network saw a significant adjustment: Bitcoin’s mining difficulty decreased by a notable 7.48%, settling at 116.96T. This isn’t just a technical blip; it’s a direct reflection of real-world events impacting the global crypto mining landscape, particularly concerning US miners and the situation in Iran. Understanding the Drop: Why Did Bitcoin Mining Difficulty Fall? The latest adjustment in Bitcoin mining difficulty is primarily attributed to two major factors, as highlighted by CloverPool data: Extreme Heat in the U.S.: A significant portion of the decline stems from U.S. miners shutting down their operations. The soaring temperatures across various states have led to operational challenges, forcing facilities to power down to prevent equipment damage and manage energy consumption. Mining ASICs generate immense heat, and operating them in already hot environments without sufficient cooling can lead to inefficiencies, breakdowns, and even fire hazards. Unconfirmed Power Outages in Iran: Iran, which contributes approximately 4% of the global Bitcoin hash rate , has reportedly experienced power outages. While details remain unconfirmed, such disruptions can significantly impact the country’s mining operations, further reducing the overall computational power dedicated to the Bitcoin network. Iran’s stance on crypto mining has been complex, often leading to temporary bans or restrictions during periods of high electricity demand. These combined pressures illustrate the increasing sensitivity of the decentralized Bitcoin network to real-world climatic and geopolitical events. Each adjustment in difficulty is the network’s way of maintaining its target block time of approximately 10 minutes, ensuring a steady supply of new Bitcoins. What is Bitcoin Mining Difficulty, and Why Does it Matter? For those new to the space, Bitcoin mining difficulty is a crucial metric that determines how hard it is for miners to find the next block on the Bitcoin blockchain. It automatically adjusts roughly every two weeks (or 2,016 blocks) to ensure that, on average, a new block is discovered every 10 minutes, regardless of how many miners are active on the network. Think of it like this: Imagine Bitcoin mining as a race to solve a complex puzzle. The difficulty adjustment ensures that no matter how many racers join or leave, the puzzle always takes about 10 minutes to solve. If more miners join, the puzzle gets harder. If miners leave, as in this case, the puzzle gets easier. Why does this matter? Network Stability: It maintains the predictable issuance of new Bitcoin, a core tenet of its monetary policy. Security: By making it consistently challenging to mine, it prevents malicious actors from easily dominating the network’s computational power. Profitability for Miners: A lower difficulty means it’s easier for active miners to find blocks and earn rewards, potentially increasing their profitability per unit of hash power. How Do Extreme Temperatures Impact US Miners and Global Hash Rate? The extreme heat gripping parts of the U.S. has presented a significant challenge for US miners . Bitcoin mining rigs, known as ASICs (Application-Specific Integrated Circuits), are powerful machines that consume substantial electricity and generate a lot of heat. To operate efficiently and prevent damage, these machines require sophisticated cooling systems. When ambient temperatures soar: Increased Cooling Costs: Air conditioning units and liquid cooling systems have to work harder, consuming more electricity themselves, thus increasing operational costs. Reduced Efficiency: ASICs perform optimally within a certain temperature range. Beyond this, their hash rate can degrade, meaning they produce less computational power for the same energy input. Forced Curtailment: In many regions, especially Texas, mining operations have agreements with energy providers to curtail (reduce or stop) operations during peak demand periods or grid stress. Extreme heat drives up residential and commercial electricity demand for cooling, often leading to miners voluntarily or involuntarily shutting down to stabilize the grid. This directly impacts the global Bitcoin hash rate . This situation highlights the growing importance of sustainable and resilient energy solutions for the crypto mining industry, especially as it increasingly integrates with traditional energy grids. Iran’s Role: Unconfirmed Outages and Their Contribution to Bitcoin Hash Rate Fluctuations Iran has been a notable player in the global crypto mining scene, largely due to its relatively cheap electricity, albeit with regulatory uncertainties. CloverPool data indicates Iran contributes approximately 4% of the global Bitcoin hash rate . Reports of unconfirmed power outages in the country, whether due to grid instability, increased domestic demand, or government-imposed restrictions, can have a noticeable ripple effect on the network’s overall computational power. The Iranian government has, in the past, implemented temporary bans on mining during peak summer and winter electricity consumption periods to alleviate strain on the national grid. Such measures, combined with potential unplanned outages, directly reduce the hash power originating from the region, contributing to adjustments like the one we’ve just seen. Implications for Miners and the Bitcoin Network: Who Benefits? When Bitcoin mining difficulty drops, it’s generally good news for the miners who remain operational and efficient. Here’s why: Increased Profitability: With an easier target to hit, miners have a higher chance of successfully solving a block and earning the block reward (currently 6.25 BTC plus transaction fees). This means that for the same amount of hash power, they are likely to earn more Bitcoin. Lower Operational Costs (Per BTC Mined): While electricity costs remain constant for operational rigs, the cost per Bitcoin mined effectively decreases because each unit of hash power is more likely to yield a reward. Network Resilience: The automatic difficulty adjustment mechanism is a testament to Bitcoin’s robust design. It ensures that even with significant fluctuations in hash rate, the network continues to function as intended, processing transactions and securing the blockchain. This adjustment acts as a self-correcting mechanism, encouraging miners to join when profitability is high and allowing less efficient miners to drop off during challenging times without compromising network security. Looking Ahead: What Does This Mean for the Future of Crypto Mining? The recent difficulty drop serves as a powerful reminder of the external factors influencing the highly competitive world of crypto mining . As the industry matures, we can expect a continued focus on: Energy Efficiency: Miners will increasingly invest in more efficient hardware and cooling solutions to minimize operational costs, especially in regions with fluctuating energy prices or extreme climates. Geographic Diversification: To mitigate risks associated with localized power issues or regulatory changes, mining operations may continue to diversify their geographical footprint. Renewable Energy Integration: The push towards sustainable energy sources like solar, wind, and hydro will likely accelerate, not just for environmental reasons, but also for economic stability and predictable power supply. These adjustments are a normal, healthy part of the Bitcoin network’s operation, demonstrating its adaptive nature. They highlight the dynamic interplay between technology, energy, and global climate in the ongoing evolution of decentralized finance. A Compelling Conclusion: Bitcoin’s Adaptive Strength The 7.48% drop in Bitcoin mining difficulty is more than just a statistic; it’s a narrative of resilience and adaptation within the world’s leading cryptocurrency network. Triggered by the intense heat affecting US miners and reported power outages impacting Iran’s contribution to the Bitcoin hash rate , this adjustment underscores the network’s ability to self-regulate and maintain its integrity. For active participants in crypto mining , it offers a temporary boost in profitability, while for the broader Bitcoin ecosystem, it reaffirms the network’s fundamental strength and decentralized design. As external pressures continue to evolve, Bitcoin’s adaptive difficulty mechanism remains a cornerstone of its stability and security, ensuring its journey forward. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Bitcoin Mining Difficulty Plunges 7.48% Amidst Global Heatwaves first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin is approaching a pivotal resistance level at $106,723, signaling a potential major breakout that could reshape the crypto market landscape. Institutional interest and favorable market dynamics are aligning to
Bitcoin price started trading in a range below the $108,800 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a downside correction from the $108,800 zone. The price is trading below $107,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $107,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $105,500 zone. Bitcoin Price Eyes Fresh Gains Bitcoin price started a fresh increase above the $105,500 zone. BTC gained pace and was able to climb above the $106,500 and $107,200 levels to enter a positive zone. The bulls pushed the price above the $108,000 resistance and the price tested the $108,800 zone. A high was formed at $108,792 and the price recently corrected gains. There was a move below the $107,500 level. A low was formed at $106,800 and the price is now consolidating losses. There was a recovery above the 23.6% Fib retracement level of the downward move from the $108,792 swing high to the $106,800 low. Bitcoin is now trading below $107,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $107,400 level. There is also a bearish trend line forming with resistance at $107,400 on the hourly chart of the BTC/USD pair. The first key resistance is near the $108,000 level and the 50% Fib level of the downward move from the $108,792 swing high to the $106,800 low. A close above the $108,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level. More Losses In BTC? If Bitcoin fails to rise above the $108,000 resistance zone, it could start another decline. Immediate support is near the $106,800 level. The first major support is near the $106,500 level. The next support is now near the $105,500 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $106,800, followed by $106,500. Major Resistance Levels – $108,000 and $108,800.
On-chain data shows Dogecoin is the only cryptocurrency among the top 10 where investors are currently realizing more losses than profits. Dogecoin Investors Realized $124 Million In Loss Over The Last 24 Hours In a new post on X, the on-chain analytics firm Glassnode has shared how the major cryptocurrencies compare against each other in terms of the Realized Loss and Realized Profit metrics. Related Reading: XRP Down 3% After SEC Settlement Stalls, But Social Media Turns Bullish These indicators measure, as their names already imply, the amount of loss/profit that the investors on a given network are realizing through their transactions right now. The metrics work by going through the transfer history of each coin being sold to see what price it was moved at prior to this. If this previous value is less than the price that the coin’s now being sold at, then the token’s sale is leading to profit realization. On the other hand, it being higher suggests loss realization. The Realized Profit sums up the difference between the two prices involved in all sales of the former type, while the Realized Loss does the same for the latter ones. Now, here is the table shared by the analytics firm that shows how the 24-hour values of the two metrics currently stack up for the top 10 coins by market cap: As is visible above, the scale of the Realized Loss and Realized Profit differs greatly between the different assets, but one pattern is consistent: the latter outweighs the former, implying a trend of net profit-taking from the investors. One asset, however, doesn’t fit the mold: Dogecoin. The 24-hour Realized Loss for the memecoin stands at around $132 million, while the Realized Profit is much lower with a value of just $5 million. As such, it would appear that while the participants in the rest of the sector have been harvesting gains, DOGE holders have been panic capitulating at a loss instead. Among these top coins, the investors of Bitcoin have realized the largest profit, with the indicator’s value sitting at a whopping $1.3 billion. The Realized Loss is also restricted to just $33 million for the number one cryptocurrency, indicating selling has been heavily lopsided toward profit-taking. Related Reading: Bitcoin Binance Open Interest Shoots Up: Warning For BTC? Things are more balanced for Ethereum, the digital asset ranked number two. Its Realized Loss of $18.4 million is roughly half that of its Realized Profit of $35.2 million. The fact that profit realization is so dominant for the likes of Bitcoin, however, might actually be a bearish sign. Historically, such market conditions have made tops more likely. A dominance of loss-taking, on the other hand, can facilitate reversals to the upside. As such, while not a given, Dogecoin may not be in a bad position, at least in this regard. DOGE Price Dogecoin touched the $0.170 mark during the weekend, but the memecoin has seen a retrace under $0.165 to kick off the week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com