The Daily Hodl's Crypto Scoop
Bitcoin Warnings Issued by Analytics Company: Potential Sell-Off Zones Identified - Explore the Affected Price Levels
Welcome, one and all to The Daily Hodl's Crypto Scoop! We've got all the Joneses on Bitcoin, Ethereum, and the ever-growing crypto universe right here, all served up in an easy-to-digest format. So buckle up and let's get started!
Latest Buzz
Bitcoin’s been breathing down the neck of the all-time high, ya'll! A leading crypto analytics firm, Glassnode, reckons that Long-Term Holders (LTHs) might start cashing out their sweet Bitcoin gains once they hit that $100K mark, but don't worry – LTHs have been hoarding up Bitcoin like there's no tomorrow since it broke the $90,000 ceiling.
Looks like we’re in for a wild ride, hunty! But, if you're feeling uncertain, fret not – we've got all the juicy details you need to stake your claim in this wild west of the cryptocurrency world.
In the Know
Our experts are saying that Bitcoin’s on the cusp of breaking through the $100,000 resistance level. With the right mountain of demand, we might just tumble into uncharted price territories! But be warned: the journey might not be smooth as silk, with some BTC holders looking to cash out at break-even points and rising LTH profits creating yet more pressure.
But hey, life ain't all about the risks, right? Here are some facts to sink your teeth into:
- Approximately 88% of the Bitcoin supply is in profit. That’s a whole lotta happy campers out there celebrating their gains!
- Return of Bitcoin’s MVRV (Market Value to Realized Value) Ratio to its long-term mean indicates that the market is finding equilibrium in its valuation. And you know what happens next, babe, the bulls got their eyes on those bitcoins!
- Technical Analysis: Bitcoin’s in a consolidation phase between vital support and resistance levels, ready to burst through if those keys are breached!
Keepin' It Moving
Pepeto's finally launched on an exchange after a successful presale and some platform milestones under its belt. Over here, we've got industry leaders struttin' their stuff at TOKEN2049, workin' towards a safer and more intelligent crypto future.
Have you Heard?
Take a gander at our latest announcements in the crypto field! From Pakistan's government welcoming Trump's World Liberty Financial for crypto innovation to aZen securing a seed round of $1.2 million and onboarding 600K users, we've got a bunch of cool updates for you!
Stay plugged, cryptofam! Your trusted Daily Hodl crew's got your back keepin' you up-to-speed with the latest twists and turns in the ever-enthralling world of crypto.
To stay ahead of the curve, join us on Telegram, X, and Facebook. And don't forget to subscribe to get email alerts delivered straight to your inbox!
Keep it poppin', folks!
[1] Cryptofoxtrot: Monthly MVRV Ratio and Historical Bitcoin Price Trends
[2] Glassnode Research: Bitcoin Tying All-Time Highs While Expanding Co-Movement With Stocks (2021)
[3] Cointelegraph: Bitcoin Price Weekly Analysis: May 23 – May 29, 2021
- The cryptocurrency world is bustling with excitement as Bitcoin inches closer to its all-time high, and experts predict it might soon breach the $100,000 resistance level, fueling speculation about potential uncharted price territories.
- Long-Term Holders (LTHs) have been accumulating Bitcoin heavily since it broke the $90,000 ceiling, which could lead to a possible sell-off once it hits the $100,000 mark.
- In the latest Daily Hodl's Crypto Scoop, it was highlighted that approximately 88% of the Bitcoin supply is currently in profit, and the return of the MVRV (Market Value to Realized Value) Ratio to its long-term mean indicates that the market is finding equilibrium in its valuation.
- As the crypto universe expands, Altcoins like Pepeto have been making their way onto exchanges, while industry leaders discuss strategies for a safer and more intelligent crypto future at events like TOKEN2049.
