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Market Cap
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24h High
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24h Low
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24h Turnover
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Total Supply
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Market Sentiment
Neutral
Fiat Exchange
Merlin-Chain-(M-BTC) (M-BTC) Basics & Market Insights
Market Analysis
On May 4, profit-taking pushed BTC to a five-month high, briefly dropping below $80,000: Is this a leverage correction or a trend reversal?This article explores the transmission mechanism of STH-SOPR, breaking down the distinction between internal leverage adjustments and structural market peaks.2026-05-09

ETH Addresses Reach 189 Million—Why Does This Far Surpass Bitcoin’s 59 Million? Latest AnalysisWhat Does the Gap Between Layer-One and Layer-Two Address Counts Really Mean?
According to the latest on-chain adoption data from Santiment, there are approximately 189 million ETH holding addresses—about three times the number for BTC. This article explores how differences in network design, valuation models, and real-world demand shape these numbers.2026-05-09

Corporate Treasuries Hold 1.2 Million BTC: Reassessing Bitcoin’s Circulating Supply and Scarcity StructureThis article analyzes holding rankings and supply contraction logic based on the latest on-chain data and corporate financial reports.2026-05-09

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