Bitcoin Network Utilization At All-Time Low — What This Means For The Bear Phase
It has been another week of uncertain movements for the Bitcoin price, with the global financial markets moving to the whims of the ongoing tensions in the Middle East. The premier cryptocurrency has struggled to stay afloat after hitting a roadblock at the $69,000 resistance level earlier in the week. The latest on-chain data has […]
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The leading Ethereum network is witnessing serious engagement even as its price struggles to undergo a major surge. After a massive wave of both new and old investors, the ETH mainnet utilization has increased drastically, reaching levels of adoption not seen since its inception. Historic Lift-Off For Ethereum Mainnet Utilization Ethereum is undergoing a shift […]
Bitcoin closed August on a bearish note despite recording its new all-time high within the month. Following this notable downside performance since hitting new highs, speculations about a bear market phase are becoming rampant in the community. While sentiment is leaning toward a bear market phase, on-chain metrics suggest that BTC’s bull run is still […]
Bitcoin is still struggling to get back above $60,000, and is sinking lower with each passing day. Another defense at $50,000 might be near, and if bulls cannot support the key level another time, a bear market could follow. According to the momentum of past market cycles, the next bear phase could be a walk […]
A new report from Glassnode says Bitcoin could potentially be closer to a bottoming range than the early phase of the bear market. Bitcoin Supply In Loss Trend Doesn’t Look Similar To An Early Bear Market In its latest weekly report, on-chain analytics firm Glassnode has discussed how the current bear market structure is looking […]
CryptoQuant’s Bitcoin Bull Score Index has jumped from 20 to 50 in just four days, suggesting a swift shift out of bearish territory for the asset. Bitcoin Bull Score Index Is Back In Neutral Region In a new post on X, CryptoQuant head of research Julio Moreno has talked about the latest trend in the analytics firm’s Bull Score Index. This indicator basically tells us about which phase of the market Bitcoin is in right now. The index combines the data of several key on-chain metrics to determine its value. Some of these indicators include the Market Value to Realized Cap (MVRV)....