Bitcoin Shark & Whale Wallets Jump Despite Bearish Price Action
On-chain data shows the Bitcoin sharks and whales have seen their population grow during the last three months, despite the price witnessing an overall downtrend in this window. Bitcoin Sharks & Whales Saw A 3.9% Jump In Address Count Over Last 3 Months In a new sharks and whales. The “Supply Distribution” here refers to…
CryptoQuant Head Reveals Reason Behind Bearish Bitcoin Trend
CryptoQuant’s research head has pointed out how demand to absorb Bitcoin at higher prices has been low recently, potentially explaining the asset’s decline. Bitcoin Apparent Demand Metric Has Turned Red Recently In a new post on X, Julio Moreno, head of research at on-chain analytics firm CryptoQuant, has looked at recent BTC market dynamics from…
Bitcoin Could Drop To $97,500 If This Key On-Chain Level Fails, Glassnode Warns
On-chain analytics firm Glassnode has explained how Bitcoin losing $108,500 could lead to a deeper correction, if the past pattern is to go by. Bitcoin Is At Risk Of Losing The 0.85 Quantile Level In its latest weekly report, analytics firm Glassnode has talked about how Bitcoin is currently looking from the perspective of the…
Bitcoin Dip-Buy Calls Spike: Why This Could Actually Be Bearish
Bitcoin has seen “buy the dip” mentions spike on social media after the price crash, but Santiment warns this could be a contrarian signal. Social Media Users Are Calling To Buy The Bitcoin Dip In a new Insight latest plunge in the Bitcoin price. “One of the first things we like to look for is…
Bitcoin Transfer Count Lowest Since 2023—Is This Bearish?
On-chain data shows the Bitcoin transaction count has plunged to the lowest level since October 2023. Here’s what this could mean for BTC’s price. Bitcoin Transactions Have Seen A Significant Slowdown Recently As pointed out by CryptoQuant author IT Tech in a new Number of Transactions” from the market intelligence platform IntoTheBlock, which measures, as…
Dogecoin Breaks Away With 9% Surge: Why This Could Trouble Bitcoin
Dogecoin has broken away from the rest of the market with a 9% surge. Here’s why this could be bad for Bitcoin, according to history. Dogecoin Has Registered A 9% Jump During Last 24 Hours While most of the cryptocurrency market has seen sideways price action during the past day, Dogecoin has shown to be…