Bitcoin’s Rally Still Looks Intact, CryptoQuant Says: Here’s Why
On-chain analytics firm CryptoQuant has explained how there aren’t any signs of a Bitcoin price peak yet, based on this indicator. Bitcoin Net Realized Profit/Loss Is Still At Moderate Levels In a new post on X, CryptoQuant has shared the latest trend in the Bitcoin Net Realized Profit/Loss. This indicator tells us about whether the Bitcoin investors are selling their coins at a net profit or loss. The metric works by going through the transaction history of each token being spent to see what price it was moved at before this. If this previous selling price for any coin was less than....
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The founder and CEO of the analytics firm CryptoQuant has pointed out how the latest Bitcoin rally saw buying from the Coinbase exchange whales. Bitcoin Coinbase Premium Index Saw A Sharp Green Spike Alongside Rally In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about the latest trend in […]
Technical factors suggest Bitcoin is still in a bull run even after a sharp sell-off from $18,476. After Bitcoin (BTC) price suddenly dropped from around $18,500 to $17,200, some traders began to question whether a local top had formed but there are multiple factors that suggest the bull run is still intact. Following the initial pullback, BTC continuously showed extreme volatility, demonstrating market uncertainty.The four factors that show Bitcoin’s momentum remains strong are whale inflows, a strong market response, resilience above each whale cluster, and high open interest.Whales are....
Bitcoin’s latest pullback has little to do with crypto-native flows and everything to do with the dollar, according to chief crypto analyst at Real Vision Jamie Coutts. Sharing two charts on X, Coutts argued that a rebound in the US Dollar Index (DXY) is briefly tightening global liquidity and pressuring risk assets across the board. “Bitcoin’s dip isn’t mysterious — it’s macro,” he wrote. Why Is Bitcoin Down? “The dollar’s rebound is tightening global liquidity. DXY is retesting 100–101 — a key resistance and natural mean-reversion zone after one of the sharpest declines in decades in....
Bitcoin has been hit by another succession of FUD. At the time of writing, the first cryptocurrency by market cap sits at the higher area of $30,000. Price action is still choppy and uncertainty about a persistent downside trend appears to be taking a toll on the bulls. A report published by investment firm Coinshares, […]
The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally embark on a bull run following the halving event in April. However, Bitcoin’s price future gains are theorized to be tied to multiple factors including the liquidity of the stablecoin market. Why A Stagant USDT Liquidity Is Harmful To Bitcoin? In an X post on Friday, prominent on-chain analytics platform CryptoQuant emphasized the importance of....