Bitcoin 30-Day Active Supply Signals Slow Activity—Could BTC Be Preparing For...
The Bitcoin price has struggled to retain any serious momentum over the past few weeks despite running to a new all-time high in that period. Over the past week, the flagship cryptocurrency fell below the $112,000 mark before experiencing some resurgence on the back of the US Federal Reserve (Fed) chairman Jerome Powell’s speech. However, the price of BTC appears to have returned to its sluggish pattern of action over the weekend, dropping to around $115,000 on Saturday, August 23. According to the latest on-chain data, the BTC price might be stuck in this phase of muted action in....
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On-chain data shows a majority of the Bitcoin supply hasn’t moved in more than two years, despite the fact that BTC has seen a significant uplift during this period. Bitcoin Inactive Supply Trend Suggests HODLing Behavior Remains Strong In a new post on X, Glassnode co-founder Rafael has discussed about the trend in the various bands of the Bitcoin Active Supply. The “Active Supply” includes that part of the BTC circulating supply that has been involved in at least one transaction over a given timeframe. Related Reading: Bitcoin Officially In Overheated MVRV Zone, Rally....
A quant has explained how the data of the stablecoin supply ratio (SSR) may be used to find Bitcoin buy or sell signals. Stablecoin Supply Ratio May Be Able To Predict Bitcoin Buy And Sell Signals As explained by an analyst in a CryptoQuant post, the stablecoin supply ratio may help us find BTC buy or sell signals. The “stablecoin supply ratio” (or SSR in short) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins. In simpler terms, what this metric tells us is how the supply of the stablecoins compare with that of BTC. Investors....
Bitcoin is currently at a critical phase, consolidating below key supply levels and holding above crucial demand. The market sentiment remains divided, with many leaning toward a bearish outlook as price action struggles to break above resistance. After weeks of sideways trading, investors are preparing for the next decisive move, which could set the tone […]
The active supply of Ethereum (ETH), measured on a 6-12 month timeframe, has dipped to its 17-month low. Data fetched by Glassnode shows that there are now over 15.1 million ETH available for accumulation even as the demand for the cryptocurrency grows ahead of its much-awaited protocol migration to proof-of-stake. At its periodic high, the […]
The supply-demand factor is pushing Ethereum towards undiscovered heights. At least, that is what appears to be the case as the world’s second-largest cryptocurrency climbs to a new all-time high just as its active supply across all the major crypto exchanges declines. Data fetched by CryptoQuant, a South Korea-based blockchain analytics platform, elaborated it further, […]