• bitcoinBitcoin (BTC) $ 51,461.00
  • ethereumEthereum (ETH) $ 2,974.84
  • tetherTether (USDT) $ 0.998955
  • bnbBNB (BNB) $ 380.07
  • solanaSolana (SOL) $ 104.98
  • xrpXRP (XRP) $ 0.543538
  • staked-etherLido Staked Ether (STETH) $ 2,974.49
  • usd-coinUSDC (USDC) $ 0.999380
  • cardanoCardano (ADA) $ 0.595251
  • avalanche-2Avalanche (AVAX) $ 37.23
  • tronTRON (TRX) $ 0.139643
  • dogecoinDogecoin (DOGE) $ 0.084463
  • chainlinkChainlink (LINK) $ 18.57
  • polkadotPolkadot (DOT) $ 7.48
  • matic-networkPolygon (MATIC) $ 0.976075
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 51,354.00
  • the-open-networkToncoin (TON) $ 2.09
  • internet-computerInternet Computer (ICP) $ 12.96
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • uniswapUniswap (UNI) $ 7.39
  • bitcoin-cashBitcoin Cash (BCH) $ 262.22
  • litecoinLitecoin (LTC) $ 69.06
  • daiDai (DAI) $ 0.999288
  • immutable-xImmutable (IMX) $ 3.36
  • bittensorBittensor (TAO) $ 634.23
  • leo-tokenLEO Token (LEO) $ 4.18
  • kaspaKaspa (KAS) $ 0.169719
  • filecoinFilecoin (FIL) $ 7.43
  • cosmosCosmos Hub (ATOM) $ 9.85
  • hedera-hashgraphHedera (HBAR) $ 0.112676
  • blockstackStacks (STX) $ 2.59
  • ethereum-classicEthereum Classic (ETC) $ 25.98
  • optimismOptimism (OP) $ 3.75
  • aptosAptos (APT) $ 9.30
  • nearNEAR Protocol (NEAR) $ 3.23
  • vechainVeChain (VET) $ 0.045647
  • stellarStellar (XLM) $ 0.116226
  • injective-protocolInjective (INJ) $ 34.83
  • okbOKB (OKB) $ 51.22
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997611
  • celestiaCelestia (TIA) $ 17.44
  • lido-daoLido DAO (LDO) $ 3.09
  • render-tokenRender (RNDR) $ 7.20
  • the-graphThe Graph (GRT) $ 0.280849
  • mantleMantle (MNT) $ 0.770411
  • crypto-com-chainCronos (CRO) $ 0.091538
  • arbitrumArbitrum (ARB) $ 1.85
  • moneroMonero (XMR) $ 122.67
  • sei-networkSei (SEI) $ 0.849368
  • suiSui (SUI) $ 1.69
  • makerMaker (MKR) $ 2,035.99
  • beam-2Beam (BEAM) $ 0.035886
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,272.29
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,031.02
  • thorchainTHORChain (RUNE) $ 5.16
  • elrond-erd-2MultiversX (EGLD) $ 57.95
  • algorandAlgorand (ALGO) $ 0.190504
  • quant-networkQuant (QNT) $ 104.47
  • bitcoin-svBitcoin SV (BSV) $ 75.80
  • bitget-tokenBitget Token (BGB) $ 1.04
  • ordinalsORDI (ORDI) $ 65.23
  • aaveAave (AAVE) $ 92.39
  • starknetStarknet (STRK) $ 1.86
  • mina-protocolMina Protocol (MINA) $ 1.28
  • flowFlow (FLOW) $ 0.893362
  • heliumHelium (HNT) $ 9.15
  • dydx-chaindYdX (DYDX) $ 3.00
  • true-usdTrueUSD (TUSD) $ 0.971279
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.53
  • theta-tokenTheta Network (THETA) $ 1.23
  • flare-networksFlare (FLR) $ 0.034558
  • havvenSynthetix Network (SNX) $ 3.56
  • chilizChiliz (CHZ) $ 0.130676
  • fetch-aiFetch.ai (FET) $ 1.11
  • fantomFantom (FTM) $ 0.412335
  • worldcoin-wldWorldcoin (WLD) $ 8.52
  • the-sandboxThe Sandbox (SAND) $ 0.493005
  • axie-infinityAxie Infinity (AXS) $ 7.74
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dymensionDymension (DYM) $ 7.11
  • apecoinApeCoin (APE) $ 1.70
  • tezosTezos (XTZ) $ 1.13
  • blurBlur (BLUR) $ 0.710741
  • cheeleeCheelee (CHEEL) $ 18.82
  • whitebitWhiteBIT Coin (WBT) $ 7.02
  • kucoin-sharesKuCoin (KCS) $ 10.46
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000048
  • osmosisOsmosis (OSMO) $ 1.55
  • siacoinSiacoin (SC) $ 0.017127
  • galaGALA (GALA) $ 0.027825
  • roninRonin (RON) $ 3.13
  • akash-networkAkash Network (AKT) $ 4.09
  • astarAstar (ASTR) $ 0.164669
  • frax-etherFrax Ether (FRXETH) $ 2,969.25
  • dydxdYdX (ETHDYDX) $ 3.01
  • conflux-tokenConflux (CFX) $ 0.238768
  • decentralandDecentraland (MANA) $ 0.483460
  • singularitynetSingularityNET (AGIX) $ 0.705277
  • neoNEO (NEO) $ 12.51
  • eosEOS (EOS) $ 0.768895
  • iotaIOTA (IOTA) $ 0.275386
  • arweaveArweave (AR) $ 13.25
  • jasmycoinJasmyCoin (JASMY) $ 0.017774
  • manta-networkManta Network (MANTA) $ 3.36
  • kavaKava (KAVA) $ 0.773421
  • pyth-networkPyth Network (PYTH) $ 0.548752
  • gnosisGnosis (GNO) $ 314.46
  • axelarAxelar (AXL) $ 1.40
  • oasis-networkOasis Network (ROSE) $ 0.119552
  • bonkBonk (BONK) $ 0.000012
  • woo-networkWOO (WOO) $ 0.427016
  • klay-tokenKlaytn (KLAY) $ 0.223054
  • wemix-tokenWEMIX (WEMIX) $ 2.08
  • usddUSDD (USDD) $ 0.998665
  • swethSwell Ethereum (SWETH) $ 3,025.00
  • msolMarinade staked SOL (MSOL) $ 122.99
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000123
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.18
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,190.05
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.81
  • frax-shareFrax Share (FXS) $ 8.50
  • fraxFrax (FRAX) $ 0.997166
  • ecasheCash (XEC) $ 0.000033
  • jupiter-exchange-solanaJupiter (JUP) $ 0.478013
  • nexoNEXO (NEXO) $ 1.15
  • gatechain-tokenGate (GT) $ 4.76
  • curve-dao-tokenCurve DAO (CRV) $ 0.553823
  • illuviumIlluvium (ILV) $ 96.73
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,154.80
  • xdce-crowd-saleXDC Network (XDC) $ 0.041330
  • altlayerAltLayer (ALT) $ 0.541111
  • rocket-poolRocket Pool (RPL) $ 27.82
  • iotexIoTeX (IOTX) $ 0.058282
  • ondo-financeOndo (ONDO) $ 0.376344
  • corgiaiCorgiAI (CORGIAI) $ 0.001822
  • zetachainZetaChain (ZETA) $ 2.31
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.29
  • coredaoorgCore (CORE) $ 0.616794
  • 1inch1inch (1INCH) $ 0.446530
  • kujiraKujira (KUJI) $ 4.13
  • tether-goldTether Gold (XAUT) $ 2,028.72
  • pepePepe (PEPE) $ 0.000001
  • radixRadix (XRD) $ 0.047672
  • fasttokenFasttoken (FTN) $ 1.62
  • casper-networkCasper Network (CSPR) $ 0.041189
  • livepeerLivepeer (LPT) $ 15.47
  • lido-staked-solLido Staked SOL (STSOL) $ 122.54
  • superfarmSuperVerse (SUPER) $ 1.06
  • enjincoinEnjin Coin (ENJ) $ 0.333780
  • stepnGMT (GMT) $ 0.265331
  • neutron-3Neutron (NTRN) $ 1.65
  • metis-tokenMetis (METIS) $ 86.65
  • compound-wrapped-btccWBTC (CWBTC) $ 1,033.21
  • nervos-networkNervos Network (CKB) $ 0.010458
  • ocean-protocolOcean Protocol (OCEAN) $ 0.747962
  • skaleSKALE (SKL) $ 0.086548
  • terra-luna-2Terra (LUNA) $ 0.670360
  • apenftAPENFT (NFT) $ 0.00000045
  • aelfaelf (ELF) $ 0.632238
  • gmxGMX (GMX) $ 46.15
  • bitcoin-goldBitcoin Gold (BTG) $ 24.73
  • compound-ethercETH (CETH) $ 59.80
  • ribbon-financeRibbon Finance (RBN) $ 0.470744
  • echelon-primeEchelon Prime (PRIME) $ 12.54
  • kusamaKusama (KSM) $ 46.83
  • pixelsPixels (PIXEL) $ 0.539135
  • mask-networkMask Network (MASK) $ 4.34
  • api3API3 (API3) $ 3.98
  • aleph-zeroAleph Zero (AZERO) $ 1.36
  • holotokenHolo (HOT) $ 0.002313
  • zilliqaZilliqa (ZIL) $ 0.023248
  • zcashZcash (ZEC) $ 27.80
  • compound-governance-tokenCompound (COMP) $ 59.13
  • gasGas (GAS) $ 6.23
  • pax-goldPAX Gold (PAXG) $ 2,000.18
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pocket-networkPocket Network (POKT) $ 0.244875
  • convex-financeConvex Finance (CVX) $ 4.86
  • desoDecentralized Social (DESO) $ 37.89
  • hytopiaHytopia (TOPIA) $ 0.079191
  • celoCelo (CELO) $ 0.741495
  • strideStride (STRD) $ 4.36
  • basic-attention-tokenBasic Attention (BAT) $ 0.256231
  • stader-ethxStader ETHx (ETHX) $ 3,030.78
  • golemGolem (GLM) $ 0.373353
  • vethor-tokenVeThor (VTHO) $ 0.005064
  • moonbeamMoonbeam (GLMR) $ 0.440898
  • rollbit-coinRollbit Coin (RLB) $ 0.125024
  • xai-blockchainXai (XAI) $ 1.29
  • safepalSafePal (SFP) $ 0.773546
  • dashDash (DASH) $ 30.38
  • qtumQtum (QTUM) $ 3.28
  • oec-tokenOKT Chain (OKT) $ 19.15
  • magicMagic (MAGIC) $ 1.31
  • flokiFLOKI (FLOKI) $ 0.000034
  • helium-mobileHelium Mobile (MOBILE) $ 0.004057
  • nemNEM (XEM) $ 0.037442
  • dogwifcoindogwifhat (WIF) $ 0.331382
  • chromawayChromia (CHR) $ 0.419697
  • origintrailOriginTrail (TRAC) $ 0.856239

Bitcoin (BTC), Ethereum (ETH) and XRP Supply In Profits At High Risk Levels, Further Correction Ahead?

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The Bitcoin price continues to face strong selling pressure with a 7% fall over the last week and is currently hovering around the $42,750 level. The BTC price hasn’t given much movement despite the Bitcoin ETFs seeing strong inflows over the last week.

Bitcoin’s Supply In Profit At Risk Levels

Santiment, an on-chain data provider, reports that Bitcoin (83%), along with other altcoins like Ethereum (84%), and XRPLedger (81%) currently exhibit historically high-risk profit levels. These figures surpass their average ranges of 55%-75%, dating back to 2018.

Despite the potential for further cryptocurrency ascent driven by increased exposure from ETFs and positive news, a key indicator for sustained long-term growth would be a drop below 75% of their supplies in profit, according to Santiment.

Bitcoin (BTC), Ethereum (ETH) and XRP Supply In Profits At High Risk Levels, Further Correction Ahead?

Courtesy: Santiment

BTC Forms A Golden-Cross

Bitcoin’s 50-week simple moving average (SMA) has recently crossed above the 200-week SMA, a phenomenon known as the “golden cross.” This event, appearing on the Bitcoin weekly price chart for the first time, is seen by market enthusiasts as a positive signal for asset prices.

The golden cross, indicating a potential long-term bull market, is a concept rooted in technical analysis and traces its origin to Japan. However, some traders caution that crossovers, while considered forward-looking indicators, may be subject to lag, as averages are based on historical data and reflect past price movements. The current golden cross on the weekly chart follows a significant Bitcoin rally of over 70% to $42,700 in the last four months.

Bitcoin (BTC), Ethereum (ETH) and XRP Supply In Profits At High Risk Levels, Further Correction Ahead?

Courtesy: CoinDesk

BTC Price Action Ahead

Bitcoin struggled to break out of its range, remaining below the $43,000 level on Tuesday. Market participants expressed disappointment as BTC price action continued to be constrained beneath the crucial resistance point of $43,418, representing the lower boundary of a bearish imbalance zone according to the price chart.

Bitcoin (BTC), Ethereum (ETH) and XRP Supply In Profits At High Risk Levels, Further Correction Ahead?

Facing resistance at the 50% Fibonacci Retracement level, situated at $43,074 and derived from Bitcoin’s decline between November 2021 and November 2022, BTC encounters a key hurdle. Additionally, the lower boundary of the imbalance zone, spanning from $43,418 to $45,607, presents a second resistance level. Analysts suggest that once this gap is filled, Bitcoin’s price is likely to resume its downward trajectory.

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