Bitcoin’s On-Chain Activity Declines to October 2023 Levels
Despite the price nearing its ATH, the daily number of transactions on the network of the first cryptocurrency has decreased to October 2023 levels.Analysis of blockchain data to understand trends and patterns.
Bitcoin’s On-Chain Activity Declines to October 2023 Levels
Despite the price nearing its ATH, the daily number of transactions on the network of the first cryptocurrency has decreased to October 2023 levels.
CryptoQuant Reports Lack of FOMO Buying Among Retail Bitcoin Traders
On-chain data indicates a decline in retail investor activity, limiting bullish pressure. This conclusion was reached by CryptoQuant. Data: CryptoQuant. The relevant indicator, assessing transactions worth less than $10,000, has decreased by 2.45% over the past 30 days. “We still do not have a euphoria structure that supports the possibility of new upward impulses if […]
CryptoQuant Identifies Bitcoin Correction Target
The price of the leading cryptocurrency is set to return to $96,700, which corresponds to the average purchase price of short-term investors. CryptoQuant believes this level can be seen as a potential rebound point. Bitcoin at Key Support: Market Awaits Post-Correction Entry Opportunity “Currently targeting the $96,700 level, which represents a key support zone on […]
Analysts spot Bitcoin whales shifting from accumulation to selling
Holders of wallets with balances of at least 10,000 BTC have shifted from buying to distributing coins, while investors with smaller positions continue to accumulate digital gold, according to CoinDesk. These conclusions stem from changes in the Accumulation Trend Score, which tracks the intensity of accumulation across address cohorts. For the largest holders, the reading […]
Analysts Detect Signs of a New Bullish Impulse in Bitcoin On-Chain Indicator
The increase in Bitcoin’s realized capitalization by $3 billion in a single day to new records suggests a continuation of the accumulation phase before the next impulse in the coming week, according to CryptoQuant. Bitcoin Increases by Over $3B in 24 Hours “Bitcoin’s Realized Capitalization has increased by over $3B, representing 0.33% of all capital […]
Analysts Identify Signs of a Healthy Bitcoin Rally
The twice-observed price pullback of the leading cryptocurrency since 2024, following a surge in trading volume and funding rates, reflects a healthy bull market, according to a report by CryptoQuant. Data: CryptoQuant. Currently, the approach of prices to the ATH is not accompanied by increased speculation among bulls in derivatives and trading volumes on spot […]
Experts See No Immediate Signs of Bitcoin Whale Sell-Off
Currently, the Binary CDD metric has not reached critical levels that historically coincided with the onset of profit-taking waves by long-term investors, as noted by CryptoQuant. This indicator tracks the “holding time” spent in the market when owners of “old supply” engage in large-scale transactions. If Binary CDD rises amid reaching ATH, it may indicate […]
Bitcoin Exodus from Coinbase Surpasses $1 Billion in a Day
The American cryptocurrency exchange Coinbase has recorded its largest outflow of the leading cryptocurrency since the beginning of the year. On May 9, investors withdrew 9,739 BTC.
Why bitcoin is consolidating after testing $105,000
A lack of momentum-trader activity has led to bitcoin’s consolidation. The MVRV Z-Score sits well below peaks seen in previous bull cycles. Global liquidity (M2) is expanding rapidly. Breaking the $100,000 psychological level drew in “new” bitcoin buyers, while seasoned traders are cautious, Glassnode noted. $BTC Supply Mapping shows sustained strength in new demand. First-Time […]
Bitcoin’s realised capitalisation hits a record high — a sign of a new bull run?
The average purchase price for “new whales” was $91,922; they now control 52.4% of coins held by large holders. Bitcoin held in spot ETFs is nearing the record 1.182m BTC. Falling implied volatility has set the stage for abrupt price moves. On 8 May Bitcoin’s realised capitalisation reached a record $890.74bn — a potential sign […]
CryptoQuant Identifies Bitcoin’s Entry into a Caution Zone
The current trend of net realised profit for the leading cryptocurrency does not suggest the formation of a macro peak, but it does indicate entry into a “caution zone,” according to CryptoQuant. Source: CryptoQuant. Experts urge monitoring changes in the metric: consistent realised profit — increases the risk of a correction; decrease in profit-taking — […]
Insiders Allegedly Profited Nearly $100 Million from MELANIA Purchases Before Launch
A small group of traders reportedly earned $99.6 million by purchasing the meme coin MELANIA before Melania Trump announced its launch. This was revealed by FT. The former First Lady of the United States introduced the token on social media just hours before her husband Donald Trump’s inauguration. Two and a half minutes before Melania […]We use cookies to improve the quality of our service.
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