CryptoQuant | ForkLog

ForkLog 19 28.11.2024

CryptoQuant Sets Bitcoin Target for Current Cycle

Following a price correction, certain metrics of digital gold suggest the continuation of a bull market phase with a target of $146,000, according to CryptoQuant. Is it too late to buy in? Bitcoin has surged 34% in November ’24, with the bull run in full swing. The CryptoQuant Cycle Indicator shows that Cycle Peak hasn’t […]

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ForkLog 4 27.11.2024

Bitcoin’s Current Dip Seen as Prelude to $100,000 Surge

The recent decline of Bitcoin to $93,000 is expected to be short-lived, with prices still on track to reach six figures by the year’s end, according to trader Bluntz Capital. likely thats the pullback done on #btc here, i think up from here and its aint going as low as ppl think pic.twitter.com/pVeiFZzVC4 — Bluntz […]

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ForkLog 62 26.11.2024

Bitcoin’s Retreat Seen as a Pause Before Thanksgiving

Bitcoin’s journey towards the psychological $100,000 mark has “stalled” amid $430 million in long liquidations and growing concerns over the upcoming November 27 inflation data and the Fed minutes. This conclusion was reached by CryptoQuant. Asia Color — 26 Nov 24 1/ Bitcoin dips below $93K — a $430M liquidation event coincides with a $438M […]

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ForkLog 11 20.11.2024

CryptoQuant Identifies Five Indicators Signaling Bitcoin Rally’s End

CryptoQuant has identified five key indicators that warn of a local peak formation, with only one currently signaling a bearish trend. Bitcoin Hits ATH: Is It Time to Sell or Hold? MVRV > 3.7 has historically marked market tops. Explore these 4 additional key metrics to better understand market timing and make more informed decisions. […]

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ForkLog 88 24.10.2024

Bitcoin’s Potential as a Global Currency by 2030, Expert Predicts

By 2030, the first cryptocurrency is likely to be used as global money, aligning with the vision of its creator, Satoshi Nakamoto. This forecast was presented by Ki Young Ju, founder and CEO of CryptoQuant. #Bitcoin will likely be used as a “currency” around 2030. Bitcoin’s mining difficulty, which reflects the intensity of competition, has […]

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ForkLog 7 24.10.2024

Copper Identifies Bitcoin Overheating Signs Ahead of US Elections

On-chain metrics for the leading cryptocurrency indicate a short-term local peak ahead of the US elections. This conclusion was reached by Copper, as reported by The Block. According to analysts, 98% of wallet addresses are currently in unrealized profit. Historically, a sharp rise in this metric—recently reaching 75%—has often been accompanied by increased selling pressure. […]

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ForkLog 8 15.10.2024

Indicators Point to Rising Bullish Sentiment Among Bitcoin Investors

The funding rate for perpetual bitcoin contracts has reached a multi-month high, indicating bullish sentiment in the short to medium term, according to The Block. The metric, weighted by open interest, has reached 0.012%. The last time such a high level was observed was on July 27, when the price of the leading cryptocurrency rose […]

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ForkLog 9 11.10.2024

Whales Accumulate 1.5 Million BTC in Anticipation of a Rally

Investors holding more than 1,000 BTC have amassed an additional 1.5 million coins over the past six months, noted CryptoQuant analyst Axel Adler Jr. 1.5M BTC has been accumulated by whales (with >1K BTC on balance) over the last 6 months. There’s really nothing to discuss here. pic.twitter.com/7cAVWVEK15 — Axel ?? Adler Jr (@AxelAdlerJr) October […]

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ForkLog 20 11.10.2024

Bitcoin Tests $60,000 Amid Weak Macro Data and SEC Lawsuit Against Cumberland

On the evening of October 10, the price of the leading cryptocurrency fell below $59,000 before rebounding above $60,000. The selling pressure was triggered by disappointing macroeconomic data from the US and a lawsuit from the SEC against market maker Cumberland. The regulator accused the firm of operating as an “unregistered dealer” in cryptocurrency transactions. […]

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ForkLog 8 07.10.2024

US Labour Market Report Boosts Bitcoin Towards $64,000

On the night of October 7, Bitcoin approached the $64,000 mark. The drivers were positive data from the US labour market last Friday and expectations of a Federal Reserve rate cut in November, writes The Block. Experts noted that ongoing geopolitical tensions in the Middle East pose a risk to the rally of the leading […]

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ForkLog 70 04.10.2024

Coinbase Premium Approaches ‘Golden Cross’, Indicating Potential Bitcoin Recovery

The conditions for the formation of a ‘golden cross’ in the Coinbase premium suggest a potential short-term recovery in Bitcoin prices, according to CryptoQuant. The Coinbase premium is often used as an index of retail investor demand in the United States—the higher the value, the greater the buying pressure. Experts analyzed the metric on an […]

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ForkLog 10 03.10.2024

CryptoQuant Identifies Key Condition for Bitcoin Rally in Q4

Bitcoin demand is stabilizing, but a stronger metric is needed to sustain price growth in the fourth quarter, according to CryptoQuant, as reported by The Block. The metric is calculated as the difference between the daily number of mined coins and the change in the number of bitcoins that have remained unmoved for at least […]

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