Bitcoin Price Sets Sights On $30,000 As Holder Metric Hits New All-Time High
The Bitcoin price has been gaining momentum and steadily rising back to a more bullish price position of $30,000. Despite market downturns, long-term holders of the cryptocurrency are increasing their investments in hopes of a significant bull run. s the holder metric hits a new all-time high. Bitcoin Price Rises As Holder Metric Peaks Bitcoin’s […]
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On-chain data shows the Bitcoin leverage ratio has surged up to a new all-time high, suggesting the market could be heading towards high volatility. Bitcoin All Exchanges Estimated Leverage Ratio Sets New ATH As pointed out by a CryptoQuant post, the funding rate has remained neutral while the leverage has increased in the market. The “all exchanges estimated leverage ratio” is an indicator that measures the ratio between the Bitcoin open interest and the derivative exchange reserve. What this metric tells us is the average amount of leverage currently being used by investors....
Bitcoin price is as healthy as ever, remaining over $10,000 for its longest stretch yet. Supporting that healthy price action could be an adoption measuring metric reaching an all-time high record. And with the metrics turning its trajectory upward, it could suggest that the cryptocurrency’s valuation will soon follow. Here’s why. Bullish Bitcoin Price Action Potentially Fueled By Underlying Network Adoption Bitcoin price action in 2020 may not have been as bullish as it was […]
According to data from Bitstamp, the USD price of 1 BTC has eclipsed its previous all-time high of $19,666 set on December 13, 2017. The post Bitcoin Price Hits All-Time High appeared first on Bitcoin Magazine.
On-chain data shows the Bitcoin long-term holder SOPR has recently observed spikes, suggesting that this cohort is still continuing to sell. Bitcoin Long-Term Holder SOPR Spiked Up When Price Crossed $30k As pointed out by a CryptoQuant post, selling pressure in the market still looks to be high as long-term holders are also looking to sell. The “spent output profit ratio” is an indicator that tells us whether the overall market is selling Bitcoin at a profit or loss right now. The metric works by checking the on-chain history of each coin being sold to see what price it last....
The price of bitcoin surpassed its all-time high touching $20,800 on Wednesday morning (EST). At the time of publication, the crypto asset is up over 6% during the last 24 hours with a whopping $380 billion market capitalization. Bitcoin has touched a two-week high reaching $20,800 per coin on Wednesday, December 16, 2020. The price has crushed the previous all-time high (ATH) captured on December 1, 2020, at $19,920. After reaching the ATH on Wednesday, nearly 100% of all BTC in circulation is in a state of profit. There is currently 18.5 million BTC in circulation which gives the crypto....