According to Coinglass data, the cryptocurrency market in the past 24 hours, the whole network contract 110 million US dollars, of which multiple single liquidation 53.227 million US dollars, empty single liquidation 56.376 million US dollars. The total amount of BTC liquidation 7.6839 million US dollars, the total amount of ETH liquidation 9.7066 million US dollars.
On January 25th, according to the latest data from Coinglass, 4954.64 bitcoins have flowed out of the Bitfinex exchange wallet in the past week, 1589.95 bitcoins have flowed out of the Coinbase Pro wallet in the past 7 days, and 1033.94 bitcoins have flowed into the OKX wallet in the past 7 days.
Crypto research firm Glassnode said in an X post that Bitcoin's market dominance is on the rise. After bottoming out at around 54% in December 2024, Bitcoin's dominance has exceeded 57% in January 2025. This trend is similar to the 2020 cycle, when bitcoin dominance bottomed out at around 60% in November 2020 and then began to decline after rising to 69% in January 2021.
According to Glassnode data, retail demand remains strong as the bitcoin price approaches $100,000. Groups holding 1-10 bitcoins took in nearly twice the new supply last month, indicating continued buying activity among small investors.
On January 24th, according to Glassnode data, the Bitcoin Mayer Multiple shows that the current price is close to the 200-day moving average, and historical data indicates that it may experience severe fluctuations. The data shows that Bitcoin's current 60-day price range is very narrow. Historically, this tight price range has often heralded sharp fluctuations. It is reported that the Bitcoin Mayer Multiple is an oscillator indicator calculated by the ratio of Bitcoin's price to its 200-day mov...
Glassnode said that a key indicator related to BTC's 60-day price range is giving the green light to volatility bulls. This means that price movements could become more widespread, with recent money flows skewed towards bullish. Analysis by Glassnode shows that Bitcoin's 60-day trading range is now narrower than the current trading range, a pattern that has historically heralded volatility outbursts.
On January 22, Coindesk analyst James Van Straten said that the Glassnode data showed that the hashprice indicator reached 62 PH/s, which is a bullish signal in history. It is reported that the hashprice is a measure of mining profitability created by Luxor. Mining revenue was below the 365-day moving average (SMA) for most of 2024. It only returned to...