Bitcoin Exchange Reserves Fall To Lowest Levels on Record: The Bullish Signal Most Traders Are Missing
Bitcoin is holding above $90,000 as the market heads into a highly anticipated FOMC meeting, a moment that could define the next direction for risk assets. But while price action keeps traders on edge, on-chain indicators are painting a surprisingly different picture beneath the surface. According to a new CryptoQuant report by XWIN Research Japan,…
Why Has Bitcoin Rally Stalled? On-Chain Data Provides Hints
On-chain data shows a few Bitcoin indicators are following a trajectory that could potentially explain the reason why the latest rally has taken a pause. Bitcoin On-Chain Metrics Have Seen Bearish Developments Recently In a new Exchange Reserve,” which measures the total amount of BTC that’s sitting in the wallets associated with centralized exchanges. Below…
Bitcoin ETFs Crucial To Sustain Current Buying Pressure – Details
The price of Bitcoin recorded significant leaps in the past month rising by 14.74% according to data from CoinMarketCap. During this price rally, the premier cryptocurrency came close to establishing a new market all-time high, reaching a local peak of $73,149 on October 29. Interestingly, CryptoQuant CEO Ki Young Ju has stated a certain condition…