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A significant chunk of short-term Bitcoin holders are currently underwater. In fact, the current proportion of holders with losses is at its highest level since FTX collapsed. A recent Analysis report by Glassnode brought to light, “Since selling off below $26k in recent weeks, more than 97.5% of STH supply is now held at a loss.” Even though this statistic is far from appealing, there is a silver lining to it. During bear markets, whenever more than 97.5% of the short-term holders are at a loss, the chance of seller exhaustion increases rapidly. This means the current conditions do not provide any incentive to holders to exit the market. Source: Glassnode Also Read: 95% of NFTs Have a Market Cap of 0 Ether Bitcoin Investor Confidence Unfavorable The sell-bias exhaustion does not guarantee a price trend reversal. It only assures that the asset will be able to cover its losses. For the uptrend to start, the accumulation trend has to get stronger, and it’s...

The Lazarus Group has mastered the art of stealing crypto investors’ assets. Here are a few tips on how investors can protect their portfolios. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it's crucial to understand the type of threat that exists today.  FBI has clear evidence on the Lazarus Group The Lazarus Group is a North Korean state-sponsored hacking group, known for their sophisticated attacks linked to various cyberattacks and cybercriminal activities, including the WannaCry ransomware attack. WannaCry disrupted critical services in numerous organizations, including healthcare institutions and government agencies by encrypting files on infected computers and demanding a ran...

Bitcoin-related invest ment products decline , as investor outflow is visible for the first time since Blackrock’s filing for a spot Bitcoin ETF. The outflow was revealed in a report by James Butterfill, CoinShares’ head of research. Bitcoin (BTC) investment products saw a notable outflow of $13 million during the week ending July 21. A reversal came after five consecutive weeks of inflows. The overall digital asset funds also witnessed weekly outflows of $6.5 million, following four weeks of substantial inflows totaling $742 million. During the same period, short Bitcoin products also experienced outflows totaling $5.5 million. You might also like: Bitcoin network hits block 800,000 milestone, here’s why it matters Ether and XRP lead altcoin surge In contrast, investment products related to Ether (ETH) and XRP (XRP) recorded a combined inflow of $9.2 million over the past week. Ether emerged as the top performer, attracting $6.6 million in inflows, while X...