Bitcoin, Ethereum, Dogecoin Consolidate With A Down Day, But: ‘Second Leg Of The Bull Cycle Is Underway,’ Says Trader
Posted On October 17, 2024
Cryptocurrency markets are trading lower on Thursday, consolidating gains from earlier in the week.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $66,879.97 | -1.3% |
| Ethereum (CRYPTO: ETH) | $2,583.46 | -1.1% |
| Solana (CRYPTO: SOL) | $148.51 | -3.8% |
| Dogecoin (CRYPTO: DOGE) | $0.1213 | -4% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001767 | -5% |
Notable Statistics:
- IntoTheBlock data shows Bitcoin large transaction volume decreasing by 14.8% and daily active addresses falling by 20.1%. Transactions greater than $100,000 are down from 9,654 to 9,147 in a single day. Exchanges netflows are down by 267%.
- Coinglass data reports 55,803 traders were liquidated in the past 24 hours, with total liquidations at $155.31 million.
- Arkham Intelligence reported ETFs have purchased $1.38 billion of BTC in three days this week. This is already the biggest ETF week in four months.
Notable Developments:
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