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Stability and Long-Term Holding Insights

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The Bitcoin (BTC) price has consistently traded within the $67,000 and $68,000 range for several days. In this analysis, BeInCrypto aims to understand the price action of Bitcoin.

Additionally, we have observed a decline in volatility, which can be attributed to various factors. To provide a comprehensive analysis, we’ll explore who is buying and selling Bitcoin.

Examining Bitcoin Activity and Vaulting Rates

The chart below illustrates the activity rate and vaulting rate of Bitcoin over time, along with its price in USD. Here are the key observations from the chart:

Activity Rate (shown in red):

The Activity Rate shows how much Bitcoin is actively traded or moved by users, indicating how often people use or transfer their BTC.

Notable spikes and drops indicate periods of increased and decreased activity among Bitcoin holders. Significant fluctuations can be observed, particularly around key price movements. We have observed a fascinating drop in the activity rate, from 9% to -3%. This decrease in activity could indicate a trend towards long-term holding of Bitcoin.

Vaulting Rate (shown in green):

The Vaulting Rate shows how much Bitcoin users are moving into long-term storage, keeping it safe for the future (Vaulted Supply represents the percentage of Bitcoin that has been vaulted or has never been sold since its first acquisition).

Positive vaulting rates suggest that investors are moving more BTC into long-term storage. The chart shows periods where the vaulting rate increases, potentially indicating holders’ confidence in the asset’s future value.

Read more: Who Owns the Most Bitcoin in 2024?

Bitcoin: Vaulting & Activity Rates.
Bitcoin: Vaulting & Activity Rates. Source: Glassnode

The decline in activity and the rise in vaultedness could explain the decreasing volatility trend.

Understanding the UTXO Value Distribution Monitor

The UTXO (Unspent Transaction Output) Value Distribution Monitor analyzes BTC transactions based on the value of BTC held in different wallets. Let’s break it down in simple terms and explain what this indicator tells us.

What is UTXO?

UTXO stands for Unspent Transaction Output. It refers to the amount of Bitcoin received after a transaction that can be used in future transactions. In essence, UTXOs define where each blockchain transaction starts and finishes.

What Does the UTXO Value Distribution Monitor Show?

The colored bars represent daily changes in the amount of BTC held in different UTXO value bands:

  • Red Bars: Changes in UTXOs holding more than 10,000 BTC.
  • Violet Bars: Changes in UTXOs holding between 1,000 and 10,000 BTC.

What Does This Indicator Tell Us?

The UTXO Value Distribution Monitor helps us understand the behavior of BTC holders, from small investors to large whales (very large holders). Here’s what it can tell us:

Bitcoin: UTXO Value Distribution Monitor.
Bitcoin: UTXO Value Distribution Monitor. Source: CryptoQuant

Accumulation and Distribution:

Positive changes mean more BTC remains in that value band. For example, if the red bars (10,000+ BTC) are positive, large holders accumulate more BTC.

Negative changes indicate that BTC moves out of that value band. So, if the blue bars (1,000 – 10,000 BTC) are negative, mid-range holders sell their BTC.

Market Sentiment:

If large holders (10,000+ BTC) accumulate, it suggests they have long-term confidence in Bitcoin’s value.

If mid-range holders (1,000 – 10,000 BTC) are selling, they might be taking profits or reallocating their assets.

Market Dynamics:

The interaction between different value bands can indicate broader market trends. For example, if we see 1,000 – 10,000 BTC holders selling and 10,000+ BTC holders buying, it suggests that the market’s big players are confident in Bitcoin’s future at current prices, even if smaller players are less certain.

Read more: Bitcoin (BTC) Price Prediction 2024/2025/2030

In summary, Bitcoin’s price stability within the $67,000 to $68,000 range, coupled with declining volatility, suggests a maturing market. The drop in the activity rate and the rise in the vaulting rate indicate a shift towards long-term holding, reflecting increased confidence among major holders.

The UTXO Value Distribution Monitor further supports this, showing large holders accumulating BTC while mid-range holders selling. These trends point to a market where big players are optimistic about Bitcoin’s future, reinforcing its potential as a long-term investment.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Crypto Market Mirrors Nasdaq and S&P 500 Amid Recession Fears

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As traditional markets show clear signs of an impending recession, the crypto space is not immune from damage. Liquidations are surging as the overall crypto market cap mirrors declines in the stock market.

Even though the source of these problems is localized to the US, the damage will have global implications. Traders are advised to prepare for a sustained period of trouble.

How Will A Recession Impact Crypto?

Several economic experts have warned that the US market is poised for an impending recession. For all we know, it’s already here.

Since Donald Trump announced his Liberation Day tariffs, all financial markets have taken a real hit. The overall crypto market cap is down nearly 8%, and liquidations in the last 24 hours exceeded $500 million.

Crypto Liquidation Data
Crypto Liquidation Data. Source: CoinGlass

A few other key indicators show a similar trend. In late February, the Crypto Fear and Greed Index was at “Extreme Fear.” It recovered in March but fell back down to this category today.

Similarly, checkers adjacent to crypto, such as Polymarket, began predicting that a recession is more likely than not.

Although the crypto industry is closely tied to President Trump’s administration, it is not the driving force behind these recession fears. Indeed, crypto actually seems to be tailing TradFi markets at the moment.

The Dow dropped 1600 points today, and the NASDAQ and S&P 500 both had their worst single-day drops since at least 2020.

Recession Fears Sweep Traditional Markets
Recession Fears Sweep Traditional Markets. Source: CNBC

Amidst all these recession fears, it’s been hard to identify an upside for crypto. Bitcoin briefly looked steady, but it fell more than 5% in the last 24 hours.

This doesn’t necessarily reflect its status as a secure store of value, as gold also looked steady before crumbling. To be fair, though, gold has only fallen 1.2% today.

In this environment, crypto enthusiasts worldwide should consider preparing for a recession. Trump’s proposed tariffs dramatically exceeded the worst expectations, and the resultant crisis is centered around the US.

Overall, current projections show that the crypto market will mirror the stock market to some extent. If the Nasdaq and S&P 500 fall further, the implications for risk assets could worsen.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Binance’s CZ is Helping Kyrgyzstan Become A Crypto Hub

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Changpeng “CZ” Zhao, former CEO of Binance, is advising Kyrgyzstan on becoming a crypto hub. He signed an agreement with the Kyrgyz National Investment Agency to build the nation’s Web3 capacities.

A cornerstone of this plan is Kyrgyzstan’s A7A5 stablecoin, pegged to the Russian ruble and focused on emerging markets. CZ claimed that he has been advising several governments “officially and unofficially” regarding crypto.

CZ Helps Kyrgyzstan Drive Crypto Adoption

Countries worldwide are becoming more interested in crypto integration lately. Although Kyrgyzstan has not been a particular hub for crypto activity, it is trying to turn a new leaf.

According to the latest announcements, the country is developing a new A7A5 stablecoin pegged to the Russian ruble. Kyrgyzstan’s crypto turn is also being influenced by Changpeng “CZ” Zhao, the founder of Binance.

“A Memorandum of Understanding has been signed between the National Investment Agency under the President of the Kyrgyz Republic and Changpeng Zhao (CZ). In accordance with the Memorandum, the parties intend to cooperate in the development of the cryptocurrency and blockchain technology ecosystem in the Kyrgyz Republic,” claimed President Sadyr Zhaparov.

CZ is a very influential figure in crypto and has been involved with a few official governments in his career. For example, last month, allegations surfaced that he was working with President Trump to establish a new dollar-backed stablecoin.

Meanwhile, CZ acknowledged his business in Kyrgyzstan, claiming that he introduced President Zhaparov to X, the social media site.

“I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading. I find this work extremely meaningful,” CZ claimed via social media.

Although CZ’s connection with Kyrgyzstan’s new A7A5 stablecoin is not fully known, it would align with his recent alleged Trump dealings.

Zhaparov’s statement claimed that the Binance founder will provide infrastructural, technological support, technical expertise, and consulting services on crypto and blockchain technologies.

Also, the president went on to state that this agreement with CZ will strengthen Kyrgyzstan’s standing in the growing Web3 environment. The long-term plan is to help create new opportunities for Kyrgyz businesses and society as a whole.

Presumably, this will involve some cooperation with Russia, as A7A5’s press release mentions “a new class of digital assets tied to the Russian economy.” This stablecoin is bucking significant tradition by aligning with the ruble instead of the dollar.

However, this is part of its strategy to focus on emerging markets. This novel experiment could demonstrate new market opportunities and challenge the dominance of USD-pegged stablecoins in the region.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Wormhole (W) Jumps 10%—But Is a Pullback Coming?

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Wormhole (W) surged nearly 12% on Thursday after the project unveiled its official product roadmap. The project’s one-year anniversary has sparked speculative interviews.

However, technical data shows buyers and sellers locked in a fierce battle, as momentum indicators suggest a weakening trend. The DMI, Ichimoku Cloud, and EMA structures all reflect market indecision, with no clear direction confirmed just yet.

Wormhole DMI Chart Shows Market Indecision

Wormhole’s DMI chart shows its ADX (Average Directional Index) has dropped to 21.69 from 27.59 just a day earlier, signaling that the recent trend may be losing strength.

The ADX is a key indicator used to measure the strength—not the direction—of a trend. Generally, values below 20 suggest a weak or non-existent trend, while values above 25 indicate a strong trend.

With ADX now hovering near the threshold, it suggests that the bullish momentum seen in recent days could be fading.

W DMI.
W DMI. Source: TradingView.

Looking deeper, the +DI (Positive Directional Indicator) has fallen to 19.96 after peaking near 24 earlier, though it had surged from 9.68 the previous day.

Meanwhile, the -DI (Negative Directional Indicator) climbed to 18.27 after dropping to 15.21 earlier, following a sharp decline from 30.18 yesterday. This narrowing gap between +DI and -DI—combined with a weakening ADX—suggests uncertainty and potential indecision in price action.

With a $137.64 million token unlock on the horizon, this shift could hint at a cooling bullish impulse and the risk of renewed selling pressure if supply outweighs demand.

Ichimoku Cloud Shows Mixed Signals

Wormhole’s Ichimoku Cloud chart shows a mixed outlook. Price action is attempting to break through resistance but still faces notable headwinds.

The Tenkan-sen (blue line) has recently flattened and is closely aligned with the Kijun-sen (red line), signaling indecision or a potential pause in momentum.

Typically, when these lines are flat and close together, it indicates consolidation rather than a clear trend continuation or reversal.

W Ichimoku Cloud.
W Ichimoku Cloud. Source: TradingView.

Meanwhile, the Kumo (cloud) remains thick and red ahead, reflecting strong overhead resistance and a bearish long-term bias.

The price is hovering near the lower edge of the cloud but has yet to make a decisive move above it—suggesting that bullish momentum is tentative at best.

For a confirmed trend reversal, a clean break above the cloud with bullish crossovers would be needed. Until then, the chart points to a market still trying to find direction, especially ahead of a major token unlock event that could further impact sentiment and price action.

Will Wormhole Reclaim $0.10 In April?

Wormhole, which builds solutions around interoperable bridges, continues to see its EMA setup reflect a bearish structure. Short-term moving averages are still positioned below the longer-term ones, an indication that downward pressure remains dominant.

However, one of the short-term EMAs has started to curve upward, hinting at a possible shift in momentum as buyers begin to step in. This early uptick could signal the beginning of a trend reversal, though confirmation is still pending.

W Price Analysis.
W Price Analysis. Source: TradingView.

If bullish momentum gains traction, Wormhole may attempt to break the nearby resistance at $0.089. A successful breakout could open the door for a move toward higher resistance levels at $0.108 and even $0.136.

Conversely, failure to clear $0.089 could reinforce bearish control, pushing the price back to test support at $0.079.

A break below that level could expose W to further downside toward $0.076, $0.073, and potentially below $0.07—marking uncharted territory for the token.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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