• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

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

SB Crypto Guru News by SB Crypto Guru News
August 22, 2024
in Blockchain
0 0
0
Glassnode Says Bitcoin Decline Is Due To Weak Spot Demand, Here Is What It Means



Bitcoin’s (BTC) bearish price action and steep declines over the past month of its trading can be attributed to weaknesses in its spot demand, as revealed by data reports from Glassnode 

Meanwhile, the ETFSwap (ETFS) DeFi token, selling at $0.01831 in its viral ICO, is forecasted by veteran analysts to surge 9,000% in the coming weeks, as its spot demand data from Glassnode show it to be at its highest peak. 

Bitcoin (BTC) Could Plunge Further With Weaknesses In Spot Demand

Top market intelligence firm Glassnode recently analyzed Bitcoin (BTC) Cumulative Volume Data (CVD) to estimate the current net balance between buying and selling in the BTC spot market. Glassnode data reports on Bitcoin (BTC) spot demand showed consistent net-sell side pressure from when it broke $70,000 and hit all-time highs in March 2024.

Bitcoin (BTC) trading at $59,200 could experience further downward momentum after Glassnode data revealed BTC has a negative CVD, indicating weakness in its spot demand in the crypto markets. However, despite Bitcoin’s (BTC) choppy price action, which has affected the price growth of several cryptocurrencies in the crypto markets, the ETFSwap (ETFS) ICO token trades among top gainers as Glassnode data reveal a massive 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 offered at a cheap $0.01831 is almost sold out as data reports from top market intelligence firm Glassnode reveal massive demand for the ETFS token touted by analysts to surge 9,000% when it launches in the coming weeks. 

ETFSwap (ETFS) guarantees the best pathway to make life-changing gains in the crypto markets through its ultra-modern DeFi platform that allows smart ETF traders and investors to seamlessly tokenize their real-world assets (RWA) and trade them on-chain. Smart crypto investors get settlements of their tokenized funds and investment profits at lightning speeds when they request redemption on the DeFi platform. 

The DeFi platform is open 24/7 and allows small traders and investors to become crypto millionaires when they trade its high ROI tokenized ETFs. Some tokenized ETF investments that investors can leverage to make life-changing money include commodity, leveraged, market, spot Bitcoin, spot Ethereum, equity, and bond ETFs, among others. Smart crypto investors and traders can use a 100x leverage to trade these tokenized ETFs on the  DeFi platform and scale returns up to 50,000%. They can also trade futures and perpetual contracts of volatile and high ROI cryptocurrencies such as Bitcoin (BTC) on the DeFi platform. 

Some unique perks of the ETFSwap (ETFS) DeFi platform include its AI-powered tools, mouthwatering trading discounts, low trading fees, and ETF staking functionality. ETFSwap (ETFS) users can stake their tokenized ETFs and no provide liquidity to the DeFi platform to earn passive income and rewards of up to 87% APR in staking yields. Smart crypto traders and investors can also swap multiple cryptocurrencies in DeFi mode. The DeFi platform provides crypto users with real-time and updated coverage of the crypto markets. They also get customizable trading tools and strategies tailored to their investment needs.  

ETFSwap (ETFS) ranks among the top 5 DeFi platforms in the industry that are the most secure. Its DeFi platform smart contracts are audited by top global security firm CyberScope, which report it as free of vulnerabilities and malware attacks. The team has also completed KYC with SolidProof to back their authenticity.

Conclusion 

ETFSwap (ETFS) viral presale token selling at $0.01831 is the next big thing in the crypto industry that is programmed to melt faces with a 9,000% rally after Glassnode data reports revealed its spot demand to surpass Bitcoin (BTC) 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

The post Glassnode Says Bitcoin Decline Is Due To Weak Spot Demand, Here Is What It Means first appeared on BTC Wires.



Source link

Tags: BitcoinBitcoin NewsCrypto NewsCrypto UpdatesDeclineDemandDueGlassnodeLatest News on CryptomeansSB Crypto Guru NewsSpotWeak
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

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

  • Trending
  • Comments
  • Latest
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Blockchain Address Labeling API – Identify Blockchain Address Owners – Moralis Web3

Blockchain Address Labeling API – Identify Blockchain Address Owners – Moralis Web3

August 22, 2024
New Zealand to Ban Crypto ATMs to Curb Money Laundering

New Zealand to Ban Crypto ATMs to Curb Money Laundering

0
Circle and OKX Join Forces to Boost USDC Liquidity for 60 Million Users

Circle and OKX Join Forces to Boost USDC Liquidity for 60 Million Users

0
Your weekly dose of wonder: introducing The Specialist, a new podcast by Sotheby’s – The Art Newspaper

Your weekly dose of wonder: introducing The Specialist, a new podcast by Sotheby’s – The Art Newspaper

0
Trump Media Files For Crypto ETF To Include XRP, SOL, CRO

Trump Media Files For Crypto ETF To Include XRP, SOL, CRO

0
The Graph Brings Real Time Data Streaming to TRON, Providing Builders With Advanced Blockchain Insights

The Graph Brings Real Time Data Streaming to TRON, Providing Builders With Advanced Blockchain Insights

0
Crypto Hackers Drain ,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

0
Circle and OKX Join Forces to Boost USDC Liquidity for 60 Million Users

Circle and OKX Join Forces to Boost USDC Liquidity for 60 Million Users

July 9, 2025
The Graph Brings Real Time Data Streaming to TRON, Providing Builders With Advanced Blockchain Insights

The Graph Brings Real Time Data Streaming to TRON, Providing Builders With Advanced Blockchain Insights

July 9, 2025
Crypto Hackers Drain ,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

July 9, 2025
Your weekly dose of wonder: introducing The Specialist, a new podcast by Sotheby’s – The Art Newspaper

Your weekly dose of wonder: introducing The Specialist, a new podcast by Sotheby’s – The Art Newspaper

July 9, 2025
Why Surcharging Is a Bad Move For Small Businesses — and What to Do Instead

Why Surcharging Is a Bad Move For Small Businesses — and What to Do Instead

July 9, 2025
30% Discount on Most Colors for Ledger’s Nano S Plus and Nano X Until July 15

30% Discount on Most Colors for Ledger’s Nano S Plus and Nano X Until July 15

July 9, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

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

SITE MAP

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

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

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
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.