$ETH focuses on on-chain data analysis of the cryptocurrency market, covering the latest developments of Ethereum (ETH) and Litecoin (LTC). Recently, Ethereum has experienced significant on-chain fluctuations: first, it has undergone 84 days of continuous net outflows from staking, with a total of 34 million ETH withdrawn, marking the longest outflow period since the upgrade, yet the price of ETH has still risen by 3.74%; second, due to the Bybit hacking incident, hackers transferred approximately 514,000 ETH (valued at $1.429 billion) by altering the logic of a multi-signature cold wallet smart contract, raising concerns in the market about the safety of funds and vulnerabilities in smart contracts, with users commenting that the stolen funds from the cold wallet are "difficult to recover." On the other hand, Litecoin has seen its daily trading volume surge to $9.6 billion on February 21, 2025, driven by expectations of ETF approval, yet its price has dropped by 1.53%, indicating a divergence between market sentiment and actual value.
#鲸鱼再次买入VIRTUAL , the virtual asset market sees whale large transactions again. A whale address that previously lost 5.02 million USD due to VIRTUAL tokens spent 419 ETH (approximately 1.14 million USD) on February 21, 2025, to purchase 1,049,000 VIRTUAL at an average price of 1.09 USD. Earlier, this address had bought 5.038 million VIRTUAL at a high price of 2.76 USD and later sold it off at 1.76 USD, resulting in a massive loss. This re-entry may indicate a restoration of confidence in VIRTUAL. Additionally, the whale also transferred 4,006 ETH (approximately 10.9 million USD) to a new address, possibly for future investment planning. Recently, the virtual asset market has experienced significant fluctuations, and the frequent trading by whales has drawn attention; investors need to carefully assess the risks.
The altcoin market has completely collapsed as of #代币流动信号 . The crazy bull market that everyone hoped for in the first quarter has also fizzled out. The long cycle has been broken, and the cryptocurrency world without cyclical patterns is even worse than the A-share market. There are too many vapor projects, and Bitcoin will eventually be harvested as well. In a cryptocurrency world without faith, it has completely turned into a hell for retail investors, a meat grinder. I hope everyone can see the situation clearly and run quickly during any rebound. No matter how much you are stuck, every little bit counts. Taking such a big risk to enter this market while funding movements are also inconvenient—why make things difficult for yourself? It's a sin...
#市场情绪观察 Trend: A rapid price increase that breaks through key resistance levels usually stimulates market optimism and attracts more investors to buy; conversely, a rapid price decline that breaks below important support levels can trigger panic, leading investors to sell. ● Change in Trading Volume: An increase in trading volume indicates active market trade, with intense competition between bulls and bears, reflecting high market sentiment; if prices rise but trading volume shrinks, it may suggest insufficient upward momentum and cautious market sentiment.
#钱包活动洞察 Litecoin ETF Let's take a look at how Ai analysis works. As of February 21, 2025, the price of Litecoin (LTC) is approximately $134.91. Recently, the price of Litecoin has shown an upward trend, partly due to the preliminary approval of a tradable ETF application by the U.S. Securities and Exchange Commission (SEC), with the market expecting an 85% probability of the Litecoin ETF being approved in 2025. In addition, technical analysis shows that Litecoin's Relative Strength Index (RSI) is above the neutral zone of 50, indicating a bullish market sentiment.
#Gas费影响 Ethereum chain activity slows down Apart from transaction fees, the trend of Gas fees also reflects weak demand. According to data, in the past week, the median daily Gas price for Ethereum was 1.61 Gwei, while on February 15, the lowest value dropped to 1.19 Gwei, marking the lowest record since 2020. Additionally, the decline in Ethereum's on-chain activity corresponds with the transaction fees and Gas prices. According to data, on February 15, Ethereum's 7 DMA on-chain transaction volume dropped to $4.19 billion, a decrease of 46% compared to the previous week. This marks the lowest weekly average transaction volume for Ethereum since November 2020, with a significant decline in overall market activity. Such a situation raises concerns about the future development of Ethereum; although it may attract some users back in the short term, whether the long-term weak demand can reverse remains an unknown.
$LTC Litecoin (LTC) has been performing positively, having surged more than 10% to surpass the $135 mark in value. This acceleration has continued even though Bitcoin has not reached the $97,000 mark. Litecoin in particular has shown growing market confidence, gaining 10.72% in 24 hours and 15.95% in a week. The main reason for Litecoin's surge is the growing speculation about the possible launch of a Litecoin exchange-traded fund (ETF) in the United States. Polymarket expects an 84% chance of Litecoin being approved in 2025, and investor optimism and market activity will increase significantly
#活跃用户影响 Recent 10-minute ETH Long vs Short Real-time Comparison Chart! Family, big news! Ethereum short positions have gone crazy, increasing by 40% in a week, setting a new historical high! What does this mean? In the short term, everyone is overwhelmingly bearish on ETH, as if a storm is about to arrive. However, as the old saying goes, 'what goes to extremes will reverse.' When everyone is overly bearish, we need to be cautious. Those savvy market makers, if they are accumulating positions successfully.
Based on the analysis of the K-line chart, it is currently in an upward trend. Compared to 04:00, it has significantly decreased, has recovered compared to 21:00, and has decreased compared to 00:00. Selling pressure has increased, and the price is declining. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has increased, with volume rising compared to the previous few hours, while the price is declining and volume is increasing: selling pressure is increasing. The increase in market selling pressure has led to a price decline, it is recommended to continue observing and make decisions after the market stabilizes.
#链上数据洞察 Bitcoin, as an emerging digital asset, has unique advantages in technological innovation and payment convenience. However, these advantages did not translate into market performance advantages by 2025. On one hand, although the application scenarios for Bitcoin are continuously expanding, gradually extending from payment methods to multiple fields such as finance, supply chain management, and the Internet of Things, the actual applications in these fields have not fully demonstrated Bitcoin's potential value.
In a document released on Thursday, the SEC acknowledged the application submitted by NYSEArca on behalf of Grayscale and requested comments to be submitted within 21 days after publication in the Federal Register. The SEC may decide to approve, deny, or 'initiate proceedings.' Last month, NYSEArca submitted a 19b-4 filing, applying to convert the 'Grayscale Litecoin Trust' and 'Grayscale Solana Trust' into ETFs. The 19b-4 filing is the second part of a two-step process for proposing a spot cryptocurrency ETF. Once the SEC confirms the filing, it will be published in the Federal Register, initiating the agency's approval process. In recent weeks, several companies have submitted fund proposals based on other altcoins like Dogecoin (DOGE), seemingly hoping that changes in the SEC leadership may be more favorable for the approval of cryptocurrency ETFs.
$BTC Bitcoin (BTC) Technical Analysis Daily level key support: MA120 daily moving average (93,500 USD) has become an important defense line in the near term. Yesterday, the price rebounded after stepping back to this position, showing the bulls' willingness to defend in this area. Pressure level: MA5/10 daily moving average (96,500-97,000 USD) constitutes short-term resistance. After breaking through, attention should be paid to the psychological level of 100,000 USD. Pattern signal: If it steps back to 93,500 USD again during the day and stabilizes, a double bottom structure may be formed, providing momentum for the rebound; on the contrary, if it loses 93,500 USD, it may drop to 92,000 or even 90,000 USD support.
#FTX赔付 Despite the continuous good news of FTX's restart in the past few months, FTX has abandoned the restart plan due to the lack of buyers, but it is expected to repay creditors in full. Affected by this news, Coingecko data shows that FTT fell rapidly after a brief rise, with a drop of more than 18.1% in the past 24 hours. As early as June last year, FTX revealed that it had begun to solicit interested parties to restart the exchange, and since announcing its intention to restart, FTX has received the intention of more than 75 institutions, and finally narrowed down to three bidders for negotiation. However, according to FTX lawyer Andrew Dietderich at the latest court hearing, FTX does not intend to restart the platform. The company that the platform spent hundreds of millions of dollars to acquire has proved to be of little value, and there are not many interested buyers. At the same time, although FTX still has valuable customer data and information that can be monetized, the bankruptcy team has tried its best but still cannot find investors willing to invest the required funds to restart the offshore exchange.
Ripple’s XRP on the Cusp of a Massive Supply Shock to $3 Price As Massive XRP Burn Expected
The Coreum Network has become the focal point of attention in the cryptocurrency sphere as the number of XRP tokens on its platform experiences an unprecedented surge.
In just two weeks, the volume of XRP tokens on Coreum has skyrocketed by a staggering 2703%, leaving the XRP community buzzing with speculation about its potential impact on the coin’s price dynamics.
According to an update on X from Sologenic, the influx of XRP tokens onto its network has been remarkable. Within two weeks, the total number of XRP tokens on Coreum has surged by an astounding 2703%, reaching a remarkable tally of 1.6 million tokens.
This sudden surge has caught the attention of XRP enthusiasts worldwide, prompting them to delve deeper into its implications for the future trajectory of the digital asset.
The Role of the New Coreum and XRPL Bridge
A pivotal factor contributing to the surge in XRP tokens on Coreum is the introduction of a new bridge between Coreum and the XRP Ledger (XRPL). This bridge facilitates seamless movement of XRP and other assets between the two networks, providing users with enhanced interoperability and accessibility.
Since its launch on March 12, the bridge has witnessed exponential growth in usage, with entry initially restricted before Coreum’s public launch on March 20. Notably, the number of individuals holding XRP has surged by an impressive 2287%, totalling 191 users. Concurrently, the total number of bridged XRP tokens has soared to 57,191, underscoring the growing prominence of Coreum as a preferred platform for XRP transactions.
Data from Coreum’s blockchain explorer paints a vivid picture of the surge in XRP tokens on the network. As of the latest figures, a staggering 1,614,243 XRP tokens are held by 464 addresses within the Coreum ecosystem. This represents an exponential 2,703% increase in XRP tokens since March 22, signalling a remarkable uptick in activity within the Coreum ecosystem.
Notably, a significant amount of these tokens, approximately 1.2 million out of 1.6 million XRP, are now situated in liquidity pools on the Coreum-based decentralized exchange Pulsara.
Implications and Speculation in the XRP Community
The sudden surge in XRP tokens on Coreum has elicited diverse reactions within the XRP community, with members speculating on its potential impact on the coin’s price dynamics.
Well-known pundit Zach Rector highlighted this in a response to Coreum’s revelation. He emphasized that his earlier prediction of a potential XRP supply shock could come true. He believes this will happen as more bridges are established and the burning of XRP increases, driven by the growing adoption and subsequent increase in on-chain activity.
Wow! Y’all that I was playing when I said there would be an #XRP Supply Shock! This is just the start of bridges, DeFi and XRP being locked up! Also, as activity picks up, more XRP is being BURNED! https://t.co/hr3wQf0qjS
— Zach Rector (@ZachRector7) April 9, 2024
While some foresee a potential shortage of XRP tokens resulting from the increased activity on Coreum, leading to upward pressure on its price, others view it as a positive development that could enhance the utility and availability of XRP in the broader cryptocurrency landscape.
Ripple XRP Price Analysis
Ripple’s XRP has shown a significant resurgence in the last 7 days, surging by 6.5% to hit $0.64. As per CoinGecko’s latest data, it is currently trading around $0.62, positioning itself as one of today’s top performers in the cryptocurrency market.
Other metrics related to XRP, like its market capitalization, have also shown an upward trend, surpassing the $35 billion mark for the first time since March 26.
Some analysts anticipate that XRP’s significant uptrend might begin this month, driven by the imminent trial between Ripple and the US Securities and Exchange Commission (SEC), as well as the upcoming Bitcoin halving event. A favourable outcome in the legal dispute could propel the asset’s price to the coveted $3 price. Meanwhile, the BTC halving, slated for the end of the following week, has historically foreshadowed a substantial rally across the cryptocurrency market.