On-chain data shows that Bitcoin investors have ended their net profit-taking spree recently, a potential sign that a price reversal could occur soon. Bitcoin Daily Realized Profit Loss Ratio Has Dipped Below 1 Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, realized losses have started to exceed profits…
Bitcoin Holders Now Doing Loss-Taking: Sign That A Turnaround Is Near? Read More »
Bitcoin (BTC) is currently in red regarding price performance, dragging the rest of the crypto market along with it. Amid the continuous bearish price action, the latest data has revealed that Bitcoin short-term holders now face losses compared to their initial purchase prices. Onchain data expert James Check highlighted this in a recent post on…
Over 80% of Short-Term Bitcoin Holders Underwater — What This Means For BTC Read More »
In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle…
Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator Read More »
As the Bitcoin price consolidates below the $60,000 threshold, the market has been characterized by a mix of indicators and technical levels, leading to a divided forecast and heightened uncertainty. Mixed Signals Cloud Bitcoin Price Trajectory According to Bitcoin maximalist Mark Cullen, the current Bitcoin price action presents a complex technical picture. He suggests that…
Bitcoin Price Action Watch: 3 Pivotal Zones That Could Sway BTC’s Next Move Read More »
The crypto market continues to be influenced primarily by broader macroeconomic conditions, with the latest US Consumer Price Index (CPI) report providing a glimmer of optimism for risk assets, including cryptocurrencies. Crypto Awaits Fed’s Move According to a recent Coinbase report, the slightly softer-than-expected July CPI print of 2.9% year-over-year – the lowest level in…
Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows Read More »
According to the latest data from CryptoQuant, bears might be in control of Bitcoin given the asset’s funding rates reaching a negative level across all crypto exchanges, including Binance. For context, funding rates are essential in perpetual futures markets to ensure the price of perpetual contracts aligns closely with the spot market. These rates can…
Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift Read More »
An on-chain analyst has explained signals in several metrics to see if Bitcoin is in a bearish phase. These Bitcoin Indicators Could Be To Follow For Bear Market Signals In a new post on X, on-chain analyst Checkmate replied to a user asking about an on-chain metric indicating when it’s time to turn bearish on…
When To Be Bearish On Bitcoin? On-Chain Analyst Answers Read More »
The Head of Research at the on-chain analytics firm CryptoQuant has explained why Bitcoin may be at risk of seeing a further drawdown. Bitcoin Is Still On Verge Of Bear Market In This Indicator In a newBull-Bear Market Cycle Indicator” from CryptoQuant is an indicator based on the P&L Index. The P&L Index combines a…
Bitcoin Still At Risk Of Further Correction, CryptoQuant Head Says Read More »
Another transfer by the US government of originally seized Bitcoin from the notorious Silk Road has sparked widespread speculation on Wednesday, August 14. Blockchain analytics firm Arkham reported yesterday that 10,000 Silk Road BTC, valued at approximately $593.5 million, were transferred to Coinbase Prime, a platform used primarily for institutional investors. According to Arkham’s post…
Silk Road Bitcoin Are ‘Almost Certainly’ Sold By US Gov, Claims Lawyer Read More »
A crypto analyst has unveiled a new bearish death cross for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin is at risk of further price stalls before any potential upward movement. Bitcoin Prints Another Bearish Death Cross In an X (formerly Twitter) printed a bearish death cross on the daily chart, where…
Bitcoin Risks Further Decline As Bearish Death Cross Returns Read More »
In the latest episode of the podcast “The Bitcoin Layer,” Daniel Batten, a recognized advocate for Bitcoin, discussed the potential impact of sovereign wealth funds (SWFs) on the Bitcoin price, predicting a rise to over $148,000 per BTC should these funds decide to invest even a minimal fraction of their assets. With $35.7 trillion under…
Sovereign Wealth Funds Could Take Bitcoin To $148,000: Researcher Read More »
