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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-market-analysis-indicators-of-recovery-and-investor-sentiment/" data-wpel-link="internal">Bitcoin and Ethereum Market Analysis: Indicators of Recovery and Investor Sentiment</a> 
Last week, the price movement of <a href="https://en.coin-turk.com/bitcoins-unstable-position-market-influences-and-future-predictions/" data-wpel-link="internal">Bitcoin</a> (BTC) slowed down compared to previous periods. However, it has now risen above the $40,000 level, which could indicate a path to recovery. Ethereum (ETH) also experienced significant losses throughout the week but has now managed to neutralize its position. 
<h2 id="critical-report-on-crypto-giants">Critical Report on Crypto Giants</h2> 
On Saturday, the price of Bitcoin remained near $42,200 with a daily increase of 1% according to CoinGlass data. The trading volume in cryptocurrency derivatives significantly decreased by 55%, dropping to $21.50 billion. Nevertheless, Bitcoin’s total market value remained at $828.78 billion, and the open interest (OI) for Bitcoin was reported at $17.98 billion. Over 24 hours, liquidations exceeding $13.37 million could indicate selling pressure. While the traded volume fell by approximately 50% to $8.44 billion, the total market value was $275.03 billion. Ethereum’s OI was $7.79 billion, with total liquidations at $4.35 million. IntoTheBlock’s measurements revealed enlightening details about the two cryptocurrencies. 
Bitcoin’s large transaction volume fell by 39.08% to $25.93 billion, which could indicate a decrease in high-value transactions. Daily active addresses reflected an increase in user activity, rising by 7.76% to 979,300. The balance of holders slightly increased to $581.26 billion. Notably, exchange net flows saw a significant decrease of 129.87%, reaching a negative $71.71 million. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-308420 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/intotheblocl.jpg" alt="" width="685" height="551"> 
<h2 id="bitcoin-and-ethereum-holders">Bitcoin and Ethereum Holders</h2> 
The participation rate of whales was 2.31%. Currently, 82.45% of Bitcoin holders are ‘in profit’, which could indicate a positive return on investment. For Ethereum, the large transaction volume also decreased by 49.58% to $2.14 billion. Daily active addresses increased by 9.94% to 595,640. The balance of Ethereum’s holders rose to $218.04 billion. Exchange net flows showed a dramatic decrease of 405.1%, reaching a negative $96.24 million. The participation rate of Ethereum whales was significantly higher at 36.89%, with 71.70% of holders in investment mode. 
Both Bitcoin and Ethereum are experiencing a decline in large transaction volumes, which could mean a relative decrease in investor transaction interest. Negative exchange net flows for both suggest users are withdrawing their tokens from exchanges. IntoTheBlock also noted that Bitcoin and Ethereum saw a decrease of over 30% in transaction fees, which could be due to decreased market volatility and less need for transactions among users. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-market-analysis-indicators-of-recovery-and-investor-sentiment/" data-wpel-link="internal">Bitcoin and Ethereum Market Analysis: Indicators of Recovery and Investor Sentiment</a></h5>

Bitcoin and Ethereum Market Analysis: Indicators of Recovery and Investor Sentiment

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