Bitcoin Supply In Loss Crosses Critical Threshold — Bullish Reversal Next?
After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier cryptocurrency might not be down for long, with a bullish reversal seemingly on the cards. Is BTC Price Bottom Already Forming? In a June 7th…
This Bitcoin Metric Has Predicted Every Cycle Bottom, But What Is It Saying Now?
Bitcoin is back above $70,000 after a bruising first quarter, but there are still questions as to whether the asset has already established its cycle low or is still moving through a bottoming phase. A technical indicator following one interesting Bitcoin metric is presently showing signs that the bottom may not yet be in. The…
Bitcoin Bear Market Signal Emerges: Supply in Loss Rises Above 40%
Bitcoin slipped below the $80,000 level over the weekend as selling pressure intensified across global markets. Reinforcing a climate of uncertainty that has weighed heavily on risk assets in recent weeks. The move came amid broad weakness in equities, elevated volatility, and declining liquidity conditions, pushing many investors into a defensive posture. While the price…
Bitcoin Supply Overhang: 6.6 Million BTC Bought Above Current Price
On-chain data shows a chunk of the Bitcoin supply has its cost basis above the current spot price, which could potentially shape volatility if BTC rebounds. Bitcoin Supply Overhang Could Dictate Volatility & Selling Pressure As pointed out by CryptoQuant community analyst Maartunn in a new Supply In Loss,” which measures, as its name suggests,…
Bitcoin Supply In Loss Nears 20%: Could This Trigger A Fresh Surge?
On-chain data shows the Bitcoin supply in loss has shot up close to the 20% mark after the recent bearish action in the coin’s price. Bitcoin UTXO Supply In Loss Has Seen A Sharp Increase Recently In a new UTXO Supply in Loss” measures, as its name suggests, the total percentage of UTXOs in existence…