Bitcoin On-Chain Activity Turns Green, Will Price Action Follow?

Bitcoin on-chain activity has been swinging between green and red for a while. This time around, though, after the price of bitcoin had suffered a tremendous loss, the on-chain activity has turned to the downside once more. The decline has cut across the majority of metrics, leading to as large as double-digit declines in some […]

Data reveals that while Bitcoin’s price is shooting up, the on-chain activity hasn’t improved much in the past week. What could be the reason behind this behavior? Bitcoin Breaks $50k, But Activity Lags Behind As per this week’s edition of the Arcane Research report, on-chain activity seems to be slow to recover despite the price of the cryptocurrency jumping high. The metric used for measuring the activity here is the Bitcoin 7-day average number of active addresses indicator, which as its name suggests gives the number of address on the network that saw transactions....

Bitcoin is currently trading below $19,000 after marking a new two-month low for the digital asset. The decline in price shows the lack of enthusiasm towards the digital asset despite being the largest in the space. However, despite the downtrend that has brought it to this level, on-chain metrics have lit up green. The recovery […]

Action in the Bitcoin price has not disappointed this week, with a whole raft of volatility translating to some great potential entry points in the markets. We have drawn profit from both the upside and the downside, and had our fair share of stop hits, but across the week have managed to draw a net profit from our operations. However, as we have seen over the weekends from the last few months, action on Saturday and Sunday can follow a completely different pattern than the Bitcoin price action we see in the week. Whether this is because the weekend translates to a reduction in volume-or....

Here's a look at what we are focusing on in the bitcoin price this evening. This morning, we discussed the fact that price had finally decided to serve up some volatility and that – as a result – we were able to get into an overnight breakout trade and draw a profit from the market. We opined that, based on the volatility we saw, the markets might be finally starting to unwind a little. As a result, we mentioned that we might see a little bit of follow up volatility today. We didn’t know in which direction the action would take us, but we set up against both sides in anticipation of a....