KriptoDostum

Although the price of Bitcoin has dropped from 109K to 80K, the hashrate and mining difficulty have reached record levels! 📈

- While the increasing difficulty raises mining costs, it reflects Bitcoin's fundamental values, namely its mining power and network security.
- According to CryptoQuant CEO Ki Young Ju, the hashrate-based potential market value could reach 5 trillion dollars.
- The upward potential is significant for Bitcoin, which currently has a market value of 1.6 trillion dollars!

The Bitcoin reserve on Binance increased from 568,768 BTC (March 28) to 590,874 BTC (April 9), which is an increase of 22,106 BTC! 🚀 This indicates a strong acceleration in BTC inflows. Investors may be actively moving their funds to Binance ahead of macro uncertainties and the upcoming CPI announcement. Activity in the crypto world continues!

While spot trading volume is declining, Binance has increased its dominance in cryptocurrency exchanges. 🎉

- The spot trading volume of Bitcoin and altcoins has decreased over the last two months. Bitcoin volume fell from $44 billion to $10 billion, while altcoin volume dropped from $122 billion to $23 billion.

- Binance approached nearly 50% of the total spot trading volume. Bitcoin volume increased from 33% to 49%, and altcoin volume rose from 38% to 44%.

- During periods of high volatility, Binance became the largest liquidity center.

Bitcoin, 2-Year Realized Price Threshold! 🚀

- Bitcoin is converging around the 2-year realized price with its spot price. This is seen as a psychological support level for investors.
- Since October 2023, BTC has remained above this level, indicating investor confidence.
- If the price holds at this level, a long-term value base could form, and upward movement may continue.

A major event occurred in the Bitcoin market! 🚨

- On April 6th, long positions worth 7,500 BTC were liquidated. This was the largest daily liquidation since the start of the bull market.
- This situation arises from uncertainties in Trump's economic policies and especially the increasing volatility related to tariffs.
- During these times of increased volatility, we should be cautious and protect our capital!

📉 Binance investors are quite pessimistic about Ethereum! Open Positions, which reached a peak of $7.78 billion in December, experienced a loss of $4 billion with a decline of over 50% in four months. This drop is seriously affecting the price of Ethereum and reflects the risk-averse tendency along with the size of recent liquidations. It seems that Ethereum needs more time to stabilize.

The average cost basis for Ethereum investors is $2.2K, indicating that the majority are currently at a loss. 📉

- The main support level is $1.29K, which is the cost basis for whales holding more than 100K Ethereum.
- During the Luna crisis on June 18, 2022, Ethereum hit a low of $870 and showed signs of recovery.

It is beneficial to closely monitor the market!

Bitcoin has dropped by 7% in a short time, falling below the psychological threshold of $80,000. 📉 During such fluctuations, Short-Term Investors (STH) usually try to minimize their losses by exiting their positions. The STH-SOPR indicator captures this behavior. The current situation indicates that STHs have not yet fully entered panic mode. The $78,000 support level is critical!

Activity in the Bitcoin market! 📈

- Prices realized for short-term investors (1 week - 3 months) may indicate the beginning of bull markets.
- After surpassing $100K in early 2025, the price for this group has declined.
- This situation suggests that the market may cool down or the consolidation process may extend.

Investors should be cautious!

Bitcoin lagged behind gold, S&P 500, and Nasdaq in 2025! 📉

- After a strong rally in 2023-2024, BTC's annual return dropped to 25%.
- Gold provided a return of 69%, Nasdaq 33.5%, S&P 500 33.9%.
- This decline increased BTC's volatility, raising investment risk.
- Historically, such corrections indicate BTC's transition to maturation and a new accumulation phase.

Selling pressure on Ethereum on Binance has started to decrease! 📉

- According to the buyer-seller ratio on Binance, selling pressure on ETH is easing.
- The ratio has turned positive on a 7-day average.
- If this trend continues, a temporary bottom may form for ETH.
- However, for now, the trend is still weak, and it is early to draw definitive conclusions. Still, it is a promising sign for ETH!

Big movement in XRP! 🚀 On April 5, a net flow of +275,029 tokens was observed to centralized exchanges. This indicates an increase in selling intent. Bitcoin's sideways movement is decreasing investor confidence in altcoins like XRP. This flow could serve as a warning for the altcoin market if Bitcoin does not rise. XRP holders may be preparing to sell by moving their assets to exchanges.

Bitcoin is leaving altcoins behind! 🚀

- The growth of Bitcoin's market value has outpaced both large and small altcoins.
- The difference between the 365-day and 30-day moving averages shows the growth momentum.
- When this ratio turns negative, it often indicates a strong correction, which presents a potential buying opportunity.
- However, remember that each altcoin needs to be analyzed individually!

Ethereum is struggling! While Bitcoin is reaching new peaks in November '24', Ethereum has been left behind. Despite the ETF approval, it couldn't break its new record. 🤔

Why? Taker sellers are very dominant. They have been outpacing buyers since February 2024. The price dropped from $4,000 to $1,800.

But things may be changing! Sellers are losing strength. There are bullish market signals. Could the bottom be near? We'll wait and see!

Volatility in the Bitcoin market! 📈

- The Bitcoin trading volume ratio has experienced its first decline, signaling the end of the early phase of the bull cycle.
- Reaching a critical midpoint in March 2024, Bitcoin is now heading towards the peak of this bull cycle.
- The capital and movements entering the market are shaping the dynamics of this cycle.

Stay tuned!

Ethereum is struggling against Bitcoin! 📉

- Network activity has decreased, active addresses are on the decline.
- Transaction fees and fees per block are at record low levels.
- After the Dencun update, the burn rate is low, inflation pressure is high.

It is essential to monitor these on-chain metrics for the future of Ethereum!

Bitcoin investors beware! 📈

- Market dynamics indicate that there is a strong support zone for Bitcoin between $65,000 and $71,000.
- Active Realized Price and Real Market Average Price emphasize the importance of this range.
- Buying in this range may provide potential gains.
- While weak hands are selling, strong hands are increasing their positions.

Bitcoin is behaving at the 16k USD level! 📉

- Realized Cap: Calculates the total value of Bitcoins based on their last movement prices, reducing the impact of lost or inactive coins.
- Thermo Cap: Shows the total capital entering the network through mining.

When Thermo Cap falls below Realized Cap, a "Dead Cross" occurs. This situation is currently happening. The second Dead Cross could drive the price up to 75k!

Source: @Avocado_onchain

The short-term SOPR chart and 1-3 month UTXO Age Band show that there is a decrease in selling pressure from this group. Short-term investors in the 1-3 month range are less active in the market after taking their profits. This is observed in Bitcoin movements and the short-term SOPR chart. 📉 The calmness of short-term investors may indicate a search for a new balance in the market.

Short-term BTC holders on Binance are selling less compared to other exchanges: only 6,300 BTC has been sent. This indicates that there is lower selling pressure on Binance. ⚡ BTC flow is increasing on other exchanges, suggesting that investor behavior may vary by platform. 💡 Binance may be seen as a reliable exchange despite its high trading volume.