A quant has pointed out that a popular on-chain indicator for Bitcoin gives the asset the green light to experience bullish price action. Bitcoin Puell Multiple Has Observed A Plunge Recently As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Puell Multiple is currently in the “safe to buy zone.” The “Puell […]
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 […]
Data from the on-chain analytics firm Glassnode has revealed that around 9.5% of the Bitcoin supply changed hands above the $60,000 level. 1.87 Million Bitcoin Was Acquired At Price Levels Higher Than $60,000 In its latest weekly report, Glassnode has shared how the supply distribution of Bitcoin looks in terms of which levels the investors […]
On-chain data shows the recent Bitcoin consecutive profit-taking day streak has now surpassed the longest run from the 2021 bull rally. Bitcoin Has Now Seen 157 Straight Days Of Net Profit-Taking As analyst James Van Straten explained as a new post on X, BTC has already surpassed the longest profit-taking spree from the previous bull […]
On-chain data indicates that Bitcoin had retested a historically relevant line right before the latest recovery had come. Bitcoin Adjusted SOPR Retested The 1.0 Level Prior To Recovery When Bitcoin was declining, the cryptocurrency had dropped to a low of $60,600, which appears to have been the bottom, at least so far, given that the […]
On-chain data shows the Bitcoin miners have just witnessed their second highest revenue day in the entire history of the cryptocurrency. Bitcoin Miners Just Raked In Almost $76 Million In Total Revenue As pointed out by CryptoQuant head of research Julio Moreno in a new post on X, the BTC miners have recently seen daily […]
Bitcoin has just broken above the $65,000 level. Here’s a possible reason that may be contributing to this fresh bullish momentum in the asset. Bitcoin Has Edged Further Closer To A New High With Its Latest Break After consolidating near the $62,000 mark for a few days, Bitcoin has finally witnessed some uptrend in the […]
In an extraordinary run, Bitcoin has managed to go as high as $64,000, but is this rally justified? Here’s what on-chain data suggests. Bitcoin On-Chain Activity-Related Metrics Are All Up Right Now In a new post on X, the on-chain analytics firm Santiment has discussed how the on-chain activity has been looking like for Bitcoin […]
Bitcoin has broken above the $59,000 level recently as whales have been making huge withdrawals from the cryptocurrency exchange Bitfinex. Bitcoin Whales Have Taken Out $240 Million Worth Of BTC From Bitfinex As explained by analyst James Van Straten in a new post on X, Bitcoin’s latest push towards the $60,000 level has, in part, […]
Data shows that Bitcoin Open Interest has surged to extreme levels recently, a sign that a large amount of volatility may soon clutch the market. Bitcoin Open Interest Has Been Rapidly Moving Up Recently As an analyst in a CryptoQuant Quicktake post pointed out, the BTC Open Interest is very high. The “Open Interest” indicator […]
Data shows that Bitcoin traders have been clamoring on social media for the price to reach a new all-time high (ATH) after breaking above $52,000. Hype Among Bitcoin Investors Has Risen As Price Continues To Rally According to data from the analytics firm Santiment, Bitcoin investors have been loud in their celebrations about the asset […]
Data shows the futures side of the crypto market has witnessed liquidations of $221 million as Bitcoin has broken above the $51,500 mark. Bitcoin Has Continued Its Latest Rally With A Break Above $51,500 Bitcoin had slumped back under the $49,000 mark just yesterday, prompting many to wonder whether the earlier surge above $50,000 was […]