DeFi News Official TheBitTimes.com

Bitcoin Realized Cap HODL Waves signal that the current bull market launch is a classic repeat of BTC price history. The Bitcoin (BTC) metric that nailed the pit of the 2022 bear market says its uptrend is still intact. In an X post on Aug. 22, creator of on-chain analytics platform LookIntoBitcoin, shared some good news in the form of Bitcoin’s Realized Cap HODL Waves (RHODL). Analyst: "New money" flowing into Bitcoin in 2023 While last week’s 10% BTC price dip has upended some of the on-chain landscape, RHODL is one of the metrics taking a longer-term view of what remains a timely bull market. The metric takes existing HODL Waves data — which groups the BTC supply by when each coin, or specifically UTXO, last moved — and weights it by realized price, i.e. the price at which it last moved. If this sounds complicated, the results have clear implications. “Peaks in younger age bands highlight periods where they have a proportionally higher Realized Value weighting relative to...

Bitcoin continues to benefit from unfolding nerves over U.S. bank stability as a BTC price short squeeze becomes possible once more. Bitcoin (BTC) headed toward $29,000 on April 26 after overnight gains marked a solid rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin short squeeze risk on the rise Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing swiftly during Asia trading to deliver 6.5% upside versus its local lows. The pair had begun its comeback after the April 25 Wall Street open amid fresh concerns over United States bank stability. These came as First Republic Bank reported a dramatic fall in deposits, its share price tanking 50% on the day. A familiar catalyst for crypto markets, the banking crisis reminded investors that it had gone nowhere since March, with crypto sources already predicting its next chapter. When this bank bites the dust, probably later this week, we will be closer to the mrkt realising the entire US ba...