Ethereum

Bitcoin

Change

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 In a recent tweet, crypto trader and analyst <a href="https://u.today/bitcoin-btc-price-soars-to-13-month-high-possible-reasons" rel="noopener noreferrer nofollow">Ali Martinez</a> shared a Glassnode screenshot that shows Aggregate Market Realized Value Net Position Change index for the two leading digital currencies by market cap, Bitcoin and Ethereum. 
 Martinez tweeted that he has noticed a decrease in stablecoin holdings among crypto investors as they have been converting USDT and USDC for Bitcoin and Ethereum, grabbing those cryptos. This indicates, per the analyst, that there is a higher risk appetite among investors at the moment. 
 <blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> investors are shifting from stablecoins into <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> and <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a>.A decrease in stablecoin holdings points to a higher risk appetite among investors as they move their capital to <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> and <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a>. <a href="https://t.co/aeJRSkeIj0" rel="noopener noreferrer nofollow">pic.twitter.com/aeJRSkeIj0</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1679057208934375429?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 12, 2023</a> 
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 As if to confirm that, Glassnode has published a tweet to show that the balance of Bitcoin on centralized crypto exchanges (CEXes) has dropped to a five-year low and now constitutes 2,249,389.489 BTC. 
 At the time of this writing, the leading cryptocurrency Bitcoin is trading at $30,698 after a 0.93% rise within the past 24 hours, according to CoinMarketCap. 
 <a href="https://u.today/bitcoins-btc-run-to-30000-is-not-what-you-think-at-all" rel="noopener noreferrer nofollow">card</a> 
 <h2 id="waiting-for-ethereum-to-break-above-2-100">Waiting for Ethereum to break above $2,100</h2> 
 The analyst also drew his followers' attention to the fact that the second biggest crypto in terms of market cap, Ethereum, is now trading on top of a stable support level in the range between $1,800 and $1,870. In this zone, he shared, nearly 3.5 wallets bought 11.2 million Ethereum. 
 Still, Martinez believes that watching Ethereum surpass the resistance between the $2,040 and $2,100 levels would be a lot more interesting since, at this price level, one million crypto wallets had bought 27 million ETH. That chart came from IntoTheBlock on-chain data vendor. 
 <blockquote class="twitter-tweet"> 
 Notice that <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> sits on top of stable support between $1,800 and $1,870, where 3.4 million addresses bought 11.2 million <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>.However, the resistance between $2,040 and $2,100 is more significant. Here, 1 million addresses had previously purchased 27 million <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a>. <a href="https://t.co/i8Vy4W7MW0" rel="noopener noreferrer nofollow">pic.twitter.com/i8Vy4W7MW0</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1678882855282171904?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 11, 2023</a> 
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Crypto High Risk Appetite Noticed Among Investors as They Convert Stablecoins Fast Now

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