Bitcoin Whales Face $3.75B Losses as Price Struggles at $70K

Bitcoin’s repeated failure to hold above the $70,000 psychological threshold reveals fragile demand amid a significant wave of whale capitulation. On-chain data from analyst Maartunn shows large holders realized nearly $3.75 billion in losses over four days, signaling a market redistribution phase rather than a simple downturn. This selling pressure from late-cycle entrants who bought near $96,000 creates substantial overhead resistance while testing critical support at $60,000-$65,000, keeping the market in a mature corrective phase.

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Bitcoin Not Pumpable Now: Market Cap vs Realized Cap Divergence

CryptoQuant founder Ki Young Ju has issued a stark warning: Bitcoin is currently not ‘pumpable’ due to a severe and growing divergence between its Market Cap and its Realized Cap. This critical on-chain analysis reveals that overwhelming selling pressure is neutralizing massive capital inflows, a dramatic shift from the market dynamics of just two years ago. As the metric tracking the growth rate difference between these two valuations plunges deeper into negative territory, the data paints a clear picture of a market where new investment is being met with even heavier liquidation.

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Bitcoin Net Taker Volume Plunges, Signaling Bearish Sentiment Surge

Bitcoin’s Net Taker Volume on Binance has plunged to one of its most negative levels in recent years, indicating a sharp rise in bearish sentiment among futures traders. This decline coincides with Bitcoin’s price dropping below $80,000, sparking concerns about near-term market direction. The spike in sell volume dominance marks the third largest such event in the past two years, as revealed by CryptoQuant analyst Maartunn, and arrives amidst significant turmoil in the digital asset derivatives sector.

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Bitcoin Short-Term Holders Take Profits as BTC Nears $100K

Bitcoin’s recent surge toward $97,000 has prompted a wave of profit-taking by short-term investors, according to on-chain analytics from CryptoQuant. Data reveals a sharp spike in exchange deposits from this cohort, highlighting a classic behavioral pattern as the cryptocurrency approaches a critical resistance level defined by their average cost basis. While opportunistic selling is evident, the broader cohort remains underwater, painting a nuanced picture of current market sentiment.

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Bitcoin Supply Overhang Signals Volatility Risk Ahead

Over 6.6 million Bitcoin tokens, representing a third of the circulating supply, are currently held below their acquisition cost, marking the highest level of unrealized losses since 2023. This significant supply overhang, revealed by on-chain data from CryptoQuant, could dictate future volatility and selling pressure as Bitcoin attempts to recover from its recent downturn, with underwater investors likely to sell upon reaching breakeven levels.

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US Investors Drive Bitcoin Sell-Off as Coinbase Premium Gap Turns Negative

Bitcoin’s persistent descent into bearish territory is being driven primarily by selling pressure from US investors, according to a critical on-chain metric. The Coinbase Premium Gap—a key indicator of American trader sentiment—has plunged to -$57, revealing aggressive selling from this crucial market segment and a stark absence of US demand as the cryptocurrency struggles to find a floor.

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Bitcoin Gains in US Trading Session Signal Shift in December

Bitcoin has experienced a significant reversal in its performance during the United States trading session this December, with cumulative returns turning sharply positive after a period of weakness in late November. Analysis from CryptoQuant indicates American investors appear to be accumulating the asset, while activity in European and Asia-Pacific sessions lags. This regional divergence unfolds against a backdrop of recent volatility, underscored by a key on-chain metric recording its most severe weekly decline since the FTX collapse.

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Ether Hits Key Resistance at $3,350: Breakout or Pullback Ahead?

Ethereum (ETH) is consolidating near $3,250 after a sharp rejection at the critical $3,350 resistance zone, a level that includes the 200-day moving average. Despite this setback, the asset remains above key support levels formed in November, preserving its medium-term uptrend. The next significant price move may depend on whether ETH can successfully hold above a recently broken descending trendline, with analysts divided on whether this sets the stage for a breakout or a deeper correction.

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Ethereum Open Interest Surges 4% Amid Price Drop, Liquidations Hit $158M

Ethereum’s sharp 5% price decline has triggered a cascade of over $158 million in derivatives liquidations, yet a surprising surge in Open Interest suggests speculative traders are already positioning for the next move. Data from CryptoQuant reveals a $654 million (4.3%) increase in open ETH derivative positions following the dip, a signal that historically precedes heightened market volatility. With high leverage amplifying risks, the stage may be set for further turbulent swings in the cryptocurrency sector.

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Ethereum Open Interest Jumps $653M Amid Price Drop to $2.8K

Ethereum’s sharp decline to the $2,800 level has been met with a massive $653 million influx into futures markets, signaling traders are aggressively positioning for volatility. While ETH is down 8% on the day, analysts highlight oversold technical conditions, resilience against Bitcoin, and a fair value estimate suggesting over 60% upside potential as reasons to watch for a potential trend reversal.

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XRP Rally Fueled by Speculative Leverage as ETFs Launch

XRP has surged 7% to $2.19 amid the launch of new ETFs from Franklin Templeton and Grayscale, but underlying data reveals concerning levels of speculative leverage building in derivatives markets. The cryptocurrency’s rapid gains, while impressive on the surface, come with significant risks as indicators flash warning signs of an overheated rally that may prove unsustainable.

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