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A Glassnode on-chain indicator of Bitcoin HODLer conviction called “Reserve Risk” recently fell to its lowest-ever level, indicating that HODLer conviction is at record highs. In wake of the collapse of FTX, formerly one of the largest centralized cryptocurrency exchanges in the world, the Bitcoin Reserve Risk indicator fell to a new record low of 0.000729. It has since recovered to around to just above 0.0010. According to Glassnode, Reserve Risk is “used to assess the confidence of long-term holders relative to the price of the native coin at any given point in time”. Reserve Risk is “a long-term cyclical oscillator that models the ratio between the current price (incentive to sell) and the conviction of long-term investors (opportunity cost of not selling)”. The conviction of long-term investors is encapsulated in Glassnode’s “HODL Bank” index, which represents an accumulation of unspent “opportunity cost” accrued by HODLers the longer they refuse to sell. Reserv

According to data curated by CoinShares, cryptocurrency investment products recorded weekly inflows of $117 million last week. It should be noted that this is the highest since July 2022. Bitcoin emerged as the star of the show accounting for $116 million in inflows. During the same time period, there were also a few dainty inflows into short Bitcoin totaling $4.4 million. Source As seen in the chart, multi-asset crypto investment products have witnessed outflows for nine weeks now. These outflows were at $6.4 million. Bitcoin Cash [BCH], Stellar [XLM], and Uniswap [UNI] were also witnessing paltry outflows. However, Solana [SOL], Cardano [ADA], as well as Polygon [MATIC], were recording inflows. In addition, the total assets under management [AuM] surged by 43% since its November lows. Currently, the AuM sits at $28 billion. The trading volume of these products also advanced, reaching $1.3 billion last week, up 17% from the average for the entire year. In contrast, the overall m

FTX is looking to eliminate Turkish units from its bankruptcy case equation. According to a filing made on Friday, FTX and its debtors brought to light a jurisdiction dispute and claimed that Turkish authorities will not essentially adhere to orders made by U.S. courts. FTX seeks to remove Turkish units from Bankruptcy case, saying that Turkish authorities are unlikely to follow instructions from U.S. courts — unfolded. (@cryptounfolded) January 30, 2023 Also Read: Bitcoin Has ‘Moved on’ From The FTX Saga: Here’s Why Turkish authorities aren’t bound by bankruptcy provisions: FTX Turkey’s Financial Crimes Investigation Agency started investigating  FTX post its collapse in Q4 2022. At that time, the agency revealed that it was looking into people, institutions, banks, and crypto service providers related to FTX . FTX Turkey was a part of the 134 entities linked to Sam Bankman-Fried’s empire that sought protection from bankruptcy in the U.S. Now, in the latest filing,

Trends show that artificial intelligence (AI) will be a major topic in 2023, as data indicates a surge in interest. Since interest peaked and Microsoft invested billions into Chatgpt, demand for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto project Fetch.ai has seen its native token FET rise 212% in the past 30 days, and another AI project, Singularitynet, has seen it’s token AGIX increase 293% against the U.S. dollar. There’s Been a Surge in Interest in AI-Focused Cryptocurrency Projects During the week of Jan. 22-28, 2023, the worldwide Google Trends score for the term “AI” was 94 out of 100. In the first week of Dec. 2022, the search term reached its highest Google Trends score of 100. It’s safe to say that the world has become increasingly focused on artificial intelligence (AI) since the release of AI-infused art platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and others. In the past two months, the Openai platform Chatgpt o

Decentralized finance meets its traditional counterpart at Davos, with a growing cross-pollination between the two. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Traditional finance, or TradFi, continues to explore the world of cryptocurrencies and blockchain technology, with the World Economic Forum holding more workshops and sessions for the sector in 2023. Layer-1 Blockchain protocol, Injective, has launched a $150 million ecosystem fund to support developers building on the Cosmos network. The Mango Markets saga took another turn this past week, as the company filed a lawsuit against the exploiter Avraham Eisenberg for $47 million in damages plus interest. The lawsuit marks the fourth time the Mango Markets exploiter has been hit by charges or lawsuits relating to his attack on the DeFi protocol. Blockchain transaction history shows that the hacker t

Ascending triangle patterns are one of the most popular chart indicators traders use, but it does not always mean the price will rally. Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern . What is an ascending triangle pattern? As the name indicates, an ascending triangle on a chart forms when the price consolidates between a rising trendline support and a horizontal trendline resistance. The pattern typically appears during persistent uptrends or downtrends. Most technical analysts see it as a "continuation pattern ," meaning the general market trend is likely to resume. BTC/USD three-day price chart featuring ascending triangle breakout. Source: TradingView For example, the Bitcoin (BTC) price chart above shows the BTC/USD trading pair form an ascending triangle pattern between April 2020 and July 2020. BTC price breaks out of the triangle range in late July to the upside, ret

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The cryptocurrency trading scene offers plenty of opportunities to make money - regardless of broader market conditions.  But is cryptocurrency safe , from an investment perspective? In this guide, we discuss whether cryptocurrency is safe and what strategies and methods can be employed to reduce the risk of loss.  Is Cryptocurrency Safe? Our Verdict Summarized Is cryptocurrency safe? We summarize the key points of consideration to make before proceeding with a cryptocurrency investment: Overall, investing in cryptocurrency is a safe endeavor, but there are certain metrics to consider First and foremost, investors should ensure that they are using a legitimate cryptocurrency exchange when placing buy and sell orders online.  Diversification is particularly key in this industry, with successful investors generally having a

According to the researcher and analyst “Game of Trades,” Bitcoin (BTC) is in a ‘generational buying opportunity’ period. The researcher looks at six on-chain metrics to highlight their argument while citing data from Glassnode. Bitcoin: 6 on-chain metrics calling for a generational long-term buying opportunity A thread 🧵 — Game of Trades (@GameofTrades_) January 23, 2023 As per the analyst, BTC has seen the highest 24-hour short liquidation since August 2021, months before the asset hit its all-time high. Source: Glassnode The analyst also analyzed the accumulation trend score. He noted that large entities have been in “deep accumulation mode” ever since the fall of FTX. The researcher highlights that similar accumulation periods took place for Bitcoin during the 2018 and 2020 bottoms. Source: Glassnode The second metric is the entity-adjusted dormancy flow. The ratio of the current market capitalization to the annualized dormancy value is known as the entity-adjusted