Although TAPSWAP’s accumulation has surged in the past few days, the bears continue to wield some control.
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Bitcoin futures open interest climbed to 516k BTC on 29th May, a high last seen in January, 2023.
SHIB is currently backed by significant bullish sentiment, which has led its price to rally by over 10% in the past three days.
DOGE’s key momentum indicators show that neither the buyers nor sellers have clear market control.
WIF’s rally above the upper line of its horizontal channel represents a break above a resistance level.
ETH whales have steadily accumulated the altcoin over the past 14 months through a series of price headwinds.
Last week, Bitcoin-backed digital asset investment products saw inflows of $1.05 billion.
Although XRP transactions have been profitable over the past week, the number of active addresses trading the altcoin daily has declined.
The recent surge in ETH’s Fund Market Premium is attributed to the unexpected approval of the spot ETH ETF applications by the U.S. SEC.
Despite SOL’s recent price troubles, its funding rate across cryptocurrency exchanges remains positive.
Bitcoin’s price currently trades close to its 20-day exponential moving average, suggesting that the market is in a state of consolidation.
SHIB has initiated a decline toward the lower line of its symmetrical triangle, hinting at a move toward a key support level.