Almost 10% Of Bitcoin Supply Bought Above $60,000: Glassnode

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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 […]

Bitcoin Shatters Profit-Taking Streak From 2021 Bull Run

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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 […]

Did This Bitcoin On-Chain Metric Predict Recovery Early?

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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 […]

Bitcoin Miners Enjoy 2nd Highest Daily Revenue Ever

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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 Breaks Above $65,000, Here’s A Reason Why

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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 […]

Bitcoin Rips Past $62,000, But Is Activity Justifying Rally?

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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 Breaks $59,000 As Smart Money Buys On Bitfinex

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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, […]

Bitcoin Open Interest Hits Alarming Level, Brace For Impact?

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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 […]

Bitcoin Trader Calls For New ATH Spike, Sign Of Local Top?

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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 […]

Crypto Futures Bleeds $221 Million As Bitcoin Breaks $51,500

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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 […]

Bitcoin “Mega Whales” Are Now Selling, Is The Top In?

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On-chain data shows the largest of the Bitcoin whales have switched to selling recently, a potential sign that these investors think the top is in. Bitcoin Investors With More Than 10,000 BTC Are Now Distributing In a new post on X, analyst James V. Straten has shared a chart that shows the behavior the different […]

Diamond Hands: Bitcoin HODLers Strong Despite $44,000 Break

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On-chain data suggests the Bitcoin HODLers have remained stalwart recently, not selling despite the rally beyond the $44,000 level. Bitcoin Long-Term Holders Have Ignored The Latest Rally As Glassnode lead on-chain analyst Checkmate explained in a post on X, the old BTC hands aren’t even selling at levels similar to 2019 yet. The relevant indicator […]