Read crypto research, data-driven reports, on-chain studies, and analytical deep dives into Bitcoin, Ethereum, and Web3 trends.
Overall market sentiment remains bearish, but traders are still willing to go long even on minor signs of price recovery.
Samuel Wan 3 min read 
The HODL waves metric is a chart that groups Bitcoin supply in circulation into different age bands and the changes in these age bands over the years.
Every time Bitcoin's price dropped below these MAs, the market was presented with what some analysts call a "generational buy" opportunity.
Ethereum dominance over Bitcoin has been increasing since July 2021, and it reached its peak as the merge closes in.
Currently standing at 79, the altcoin cycle signal shows that the market is in Altcoin Season but the tides seem to be turning.
Options traders are bracing for volatility post-Merge with the expectation of downside risk to follow.
During the current bear market, gas usage has trended downwards for each of the four categories, however, ERC-20 contract gas usage appears to have bottomed.
Ethereum may be a better store of value than Bitcoin according to on-chain data.
While brutal, fluctuations in mining profitability purge the network from unprofitable operations and weak miners unable to bear the volatility.
