Bitcoin Trading More Active But Going Nowhere
Bitcoin trading has picked up the pace as price moves more urgently around the chart, yet, in a smaller range. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h27 UTC. OKCoin 3Month Forward 15-Minute Chart. From the analysis pages of xbt.social, earlier today: Price activitiy is increasing but the range of motion has decreased during the past ten days. There is no sure sign in the chart of any specific directional move that is due: in....
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Bitcoin's active addresses and trading volumes broke their previous all-time high set in late 2017.
On-chain data shows large institutional investors are still active in the Bitcoin market through over-the-counter (OTC) trading. While Bitcoin Fund Flow Ratio Goes Down, Tokens Transferred Moves Up As pointed out by an analyst in a CryptoQuant post, institutional investors still seem to be active in the BTC market behind the scenes. The “tokens transferred” […]
The amount of Bitcoin held on addresses storing between 100 and 10,000 BTC has hit 9.23 million Bitcoin for the first time ever. Amid a renewed bullish trend on the cryptocurrency markets over the past few weeks, more users have moved into trading Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization.Data from blockchain analytics platform Glassnode shows that Bitcoin has seen a notable surge in terms of active addresses in the past week of July, with active BTC entities rising 30% from 250,000 to 325,000 active users.According to Glassnode’s seven-day exponential....
OpenSea closed out over $1.3 billion in sales in the last seven days, yet the number of daily active users on the platform dropped by more than 30%. While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics.Are we beginning to see a lull in trader activity as a sign of an impending market pullback or are investors and collectors taking their trading activity elsewhere? OpenSea daily active users. Source: Dune....
The number of bitcoin active addresses had declined following the September market crash but promptly picked up again in October. At the beginning of December, another dip rocked the market that sent addresses plummeting once more. The number had dropped well below the one million mark for the majority of November and stayed low during the bull rally. Despite the red trends recorded by the market, the first week of December has proven to be good for the market. The number of bitcoin addresses rose significantly in the last seven days, putting bitcoin well above the one million mark once....