Data shows the Bitcoin Open Interest has observed a notable cool off recently, something that could be positive for the rally’s hopes. Bitcoin Open Interest Has Cooled Down From Recent Overheated Levels As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Open Interest has registered a retrace recently. The “Open Interest” here […]
According to on-chain data analysis by Glassnode, Bitcoin is at a critical juncture. When BTC soared to $73,800 in March 2024, printing new all-time highs, the Bitcoin market reached a statistically significant level regarding on-chain unrealized profits, according to the Market Value to Realized Value (MVRV) ratio. Bitcoin MVRV Ratio At Historically Significant Level: Time […]
According to one crypto analyst on X, Bitcoin has been on a tear in the past few months and will likely peak at around the $150,000 to $150,000 zone in the next nine to 12 months. The bullish preview hinges on Bitcoin’s historical performance after breaking all-time highs (ATHs), especially in the last years, including 2017 and […]