BlockBeats News, February 23 — Crypto analyst Murphy stated that BTC is currently fluctuating around $65,000, a position close to the range of the <10y_RP indicator. After excluding the impact of most lost BTC costs, this indicator is considered to be closer to the true level, known as the “historical average turnover cost.”
This range may serve as an important psychological and cost defense line for the bulls. If it is effectively broken downward, it could indicate that the current downtrend will continue to deepen into a bear market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Chainalysis: By 2035, stablecoin transaction volume may reach 1.5 quadrillion USD, exceeding the scale of global cross-border payments
Blockchain analytics firm Chainalysis predicts that by 2035, stablecoin transaction volume will reach $71.9 trillion. If there are two major macro catalysts, it could double to $150 trillion, surpassing the current global cross-border payments market size. Analysts note that institutional participation will significantly increase activity.
GateNews2m ago
The Bhutanese government has again sold 319.7 BTC, and the sovereign nation joins the liquidation lineup.
The government of Bhutan has recently transferred 319.7 Bitcoins to two wallets, indicating an intention to liquidate. This may be related to liquidity needs. The move comes alongside synchronized sell-offs by multiple listed companies, suggesting that sovereign holders and businesses face financial pressure amid a weak backdrop for Bitcoin prices, which has affected market sentiment.
MarketWhisper4m ago
The Bhutanese government transferred 319.7 BTC to two wallets, worth approximately $22.67 million
Gate News message, on April 9, according to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 319.7 BTC (worth about $22.67 million) to two wallets. One is a newly created wallet, possibly a CEX wallet; the other is an old wallet that was previously used to transfer funds for sale via a certain CEX or Galaxy Digital.
GateNews1h ago
Arthur Hayes: You need to see on-chain transactions to believe that Iran accepts BTC as payment—otherwise it’s just messing with the West
Gate News message, April 9, Arthur Hayes posted a comment on reports that Iran is charging Bitcoin tolls. Hayes said he would only believe that Iran is truly collecting tolls in the form of BTC after seeing the related transactions on the real Bitcoin blockchain. He believes that before that, it is only the Islamic Revolutionary Guard Corps playing with the Western fiat currency and financial system.
GateNews1h ago
