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Bitcoin NFT Interest Spikes Again as Ordinals Cross 350K Daily Inscriptions

Bitcoin Ordinals NFT activity has picked up, crossing 350,000 daily inscriptions on Monday according to data tracked by analytics firm Glassnode. The daily tally has surged by over 250% since Ordinals launchpad Luminex unveiled the Bitcoin Request for Comment (BRC)-69 token standard on July 3. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

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Bitcoin NFTs Bumalik sa Spotlight bilang Ordinals Cross 350K Daily Inscriptions

Ang Bitcoin Ordinals, isang paraan ng pagbuo ng mga non-fungible token (NFTs) sa pamamagitan ng prosesong tinatawag na inscribing, ay nagsimula noong Enero, na nagdadala ng NFT at smart contract narrative sa Bitcoin blockchain.

Ordinals inscriptions: new count (Glassnode)

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Large Bitcoin Holders Reluctant to Move Assets on to Centralized Exchanges: Data

Despite a recent increase in bitcoin whales, large BTC holders remain reluctant to move assets on to centralized exchanges, according to data from Glassnode. Bitcoin whales, and whales moving assets on to exchanges have taken separate paths, as large investors seem wary of moving their assets out of cold storage. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

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Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation: Glassnode

According to Glassnode's illiquid supply change metric, investors remain confident of bitcoin's price prospects, despite continued macroeconomic uncertainty and heightened regulatory risks. The metric, which measures the number of coins held by illiquid wallets on a specific date compared with the same day the previous month, rose to 147,351.58 BTC on Monday, the most since December 19, 2022. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Nagiging Illiquid ang Bitcoin sa 147K sa isang Buwan bilang Senyales ng Panay na Pagtitipon

"Ang merkado ay lumilitaw na nasa isang panahon ng tahimik na akumulasyon, na nagmumungkahi ng isang undercurrent ng demand," sabi ng ONE analyst.

Bitcoin investors continue to accumulate coins, shrugging of market uncertainty. (Source: Elizabeth Kay/Unsplash)

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Glassnode Data Reveals Ether Held in Exchanges at Lowest Since July 2016

Data from Glassnode shows that 14.85% of all ether was held in wallets owned by centralized exchanges as of Thursday, the lowest level the market has seen since the summer of 2016. Typically, low exchange balances are a bullish sign, indicating that the supply of ether available for purchase is limited, thus putting pressure on prices to increase. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

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Ether Balance on Exchanges Nears All-Time Low: Glassnode

The number of ether (ETH) on exchanges has hit a low not seen since July 2016 as staking saps up available ether. Data from Glassnode shows that as of Thursday, 14.85% of all ether was held in wallets owned by centralized exchanges. "The Hash" panel discusses their outlook for the Ethereum network, also citing the continued impact of the historic Shapella upgrade.

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Ang Balanse sa Ether sa Mga Palitan ay Malapit sa Mababa

Dumating ang pagbaba habang dumarami ang bilang ng staked ether.

Ethereum (ethereum.org)

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Bitcoin Investors Are HODLing More Than Ever: Glassnode

Data from Glassnode shows that investors are holding on to their bitcoin longer than ever. The amount of bitcoin that's been held for at least a year has climbed to a record 68% while 55% of bitcoin has been held for at least two years, and 40% for three years. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

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Ang Bitcoin HODLing ay Hindi Naging Mas Sikat

Higit pang BTC kaysa dati ay gaganapin nang hindi bababa sa isang taon, ayon sa Glassnode, isang potensyal na bullish sign.

(Mufid Majnun/Unsplash)