Friday, June 6, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Glassnode Says Bitcoin Decline Is Due To Weak Spot Demand, Here Is What It Means

August 23, 2024
in Blockchain
Reading Time: 3 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on TwitterShare on E Mail



Bitcoin’s (BTC) bearish value motion and steep declines over the previous month of its buying and selling might be attributed to weaknesses in its spot demand, as revealed by knowledge reviews from Glassnode 

In the meantime, the ETFSwap (ETFS) DeFi token, promoting at $0.01831 in its viral ICO, is forecasted by veteran analysts to surge 9,000% within the coming weeks, as its spot demand knowledge from Glassnode present it to be at its highest peak. 

Bitcoin (BTC) May Plunge Additional With Weaknesses In Spot Demand

Prime market intelligence agency Glassnode not too long ago analyzed Bitcoin (BTC) Cumulative Quantity Information (CVD) to estimate the present internet steadiness between shopping for and promoting within the BTC spot market. Glassnode knowledge reviews on Bitcoin (BTC) spot demand confirmed constant net-sell facet strain from when it broke $70,000 and hit all-time highs in March 2024.

Bitcoin (BTC) buying and selling at $59,200 might expertise additional downward momentum after Glassnode knowledge revealed BTC has a adverse CVD, indicating weak point in its spot demand within the crypto markets. Nevertheless, regardless of Bitcoin’s (BTC) uneven value motion, which has affected the worth progress of a number of cryptocurrencies within the crypto markets, the ETFSwap (ETFS) ICO token trades amongst high gainers as Glassnode knowledge reveal a large demand for its viral presale token.

ETFSwap (ETFS) Set To Rally 9,000% As Glassnode Reveals Surge In Demand For Presale Token

ETFSwap (ETFS) viral ICO provided at an affordable $0.01831 is sort of bought out as knowledge reviews from high market intelligence agency Glassnode reveal huge demand for the ETFS token touted by analysts to surge 9,000% when it launches within the coming weeks. 

ETFSwap (ETFS) ensures the most effective pathway to make life-changing positive aspects within the crypto markets via its ultra-modern DeFi platform that permits good ETF merchants and traders to seamlessly tokenize their real-world property (RWA) and commerce them on-chain. Good crypto traders get settlements of their tokenized funds and funding income at lightning speeds once they request redemption on the DeFi platform. 

The DeFi platform is open 24/7 and permits small merchants and traders to turn into crypto millionaires once they commerce its excessive ROI tokenized ETFs. Some tokenized ETF investments that traders can leverage to make life-changing cash embrace commodity, leveraged, market, spot Bitcoin, spot Ethereum, fairness, and bond ETFs, amongst others. Good crypto traders and merchants can use a 100x leverage to commerce these tokenized ETFs on the  DeFi platform and scale returns as much as 50,000%. They’ll additionally commerce futures and perpetual contracts of risky and excessive ROI cryptocurrencies similar to Bitcoin (BTC) on the DeFi platform. 

Some distinctive perks of the ETFSwap (ETFS) DeFi platform embrace its AI-powered instruments, mouthwatering buying and selling reductions, low buying and selling charges, and ETF staking performance. ETFSwap (ETFS) customers can stake their tokenized ETFs and no present liquidity to the DeFi platform to earn passive earnings and rewards of as much as 87% APR in staking yields. Good crypto merchants and traders can even swap a number of cryptocurrencies in DeFi mode. The DeFi platform offers crypto customers with real-time and up to date protection of the crypto markets. In addition they get customizable buying and selling instruments and techniques tailor-made to their funding wants.  

ETFSwap (ETFS) ranks among the many high 5 DeFi platforms within the business which might be essentially the most safe. Its DeFi platform good contracts are audited by high international safety agency CyberScope, which report it as freed from vulnerabilities and malware assaults. The group has additionally accomplished KYC with SolidProof to again their authenticity.

Conclusion 

ETFSwap (ETFS) viral presale token promoting at $0.01831 is the following huge factor within the crypto business that’s programmed to soften faces with a 9,000% rally after Glassnode knowledge reviews revealed its spot demand to surpass Bitcoin (BTC) 

For extra details about the ETFS Presale:

Go to ETFSwap Presale

Be a part of The ETFSwap Group

The put up Glassnode Says Bitcoin Decline Is Due To Weak Spot Demand, Right here Is What It Means first appeared on BTC Wires.



Source link

Tags: BitcoindeclineDemanddueGlassnodeMeansspotWeak
Previous Post

Tron’s New Memecoin Launchpad Sun Pump Outpaces Pump.fun

Next Post

Altcoins Primed for a 2023-Style Bull Run, According to Crypto Trader – Here’s the Timeline

Related Posts

Trump’s Bill Gets Roasted, Elon Musk Inspires $53M Token
Blockchain

Trump’s Bill Gets Roasted, Elon Musk Inspires $53M Token

June 6, 2025
Bitcoin (BTC) Faces Profit-Taking Pressure as It Retraces from New ATH
Blockchain

Bitcoin (BTC) Faces Profit-Taking Pressure as It Retraces from New ATH

June 5, 2025
Floating-Point 8: Revolutionizing AI Training with Lower Precision
Blockchain

Floating-Point 8: Revolutionizing AI Training with Lower Precision

June 4, 2025
California Advances Bill to Allow Crypto at the Cashier
Blockchain

California Advances Bill to Allow Crypto at the Cashier

June 5, 2025
OP_RETURN and Storing Data on the Bitcoin Blockchain
Blockchain

OP_RETURN and Storing Data on the Bitcoin Blockchain

June 5, 2025
This is what losing $100M looks like
Blockchain

This is what losing $100M looks like

June 4, 2025
Next Post
Altcoins Primed for a 2023-Style Bull Run, According to Crypto Trader – Here’s the Timeline

Altcoins Primed for a 2023-Style Bull Run, According to Crypto Trader – Here’s the Timeline

Former FTX exec files lawsuit as exchange announces reorganization gains support

Former FTX exec files lawsuit as exchange announces reorganization gains support

Hong Kong’s Crypto Licensing Faces Hurdles as 11 Exchanges Under Review

Hong Kong's Crypto Licensing Faces Hurdles as 11 Exchanges Under Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In