Bitcoin Falls Below $115,000 As Binance Buying Power Ratio Collapses
Earlier today, Bitcoin (BTC) slipped below $115,000 for the first time since August 6, raising concerns that the cryptocurrency’s bullish momentum may be fading. Against this backdrop, the Binance Buying Power Ratio suggests that demand for BTC could be weakening, potentially setting the stage for a deeper price correction. Binance Buying Power Ratio Raises Alarms According to a CryptoQuant Quicktake post by contributor Crazzyblockk, the Binance Buying Power Ratio serves as a reliable indicator of overall market health. The analyst explained that the current reading points to a possible....
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On-chain data shows the Bitcoin Exchange Whale Ratio for Binance has been going down recently, a sign that may be bullish for BTC’s price. Bitcoin Binance Exchange Whale Ratio Is Calming Down As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin whale selling pressure may be decreasing on the cryptocurrency exchange Binance. […]
A quant has explained how the data of the stablecoin supply ratio (SSR) may be used to find Bitcoin buy or sell signals. Stablecoin Supply Ratio May Be Able To Predict Bitcoin Buy And Sell Signals As explained by an analyst in a CryptoQuant post, the stablecoin supply ratio may help us find BTC buy or sell signals. The “stablecoin supply ratio” (or SSR in short) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins. In simpler terms, what this metric tells us is how the supply of the stablecoins compare with that of BTC. Investors....
Antminer S4. Bitmain released the AntMiner S4 recently amid much speculation and the simultaneous release of their HashNest cloud mining service. The S4 is much like the AntMiner S2 in that it is housed in a 3U rack mountable chassis. The AntMiner S4 is a 2 th/s Bitcoin miner that uses the BM1382 chip. Bitmain gets an improvement on the gh/s to watt ratio. Power efficiency is one of the most important things to consider when buying Bitcoin or other Cryptocurrency miners. The faster they are at the lowest power ratio, the better. The Antminer S4 ships now... which is another thing to....
Part of this article appears in Issue 20. In his pocket, Joe has an old leather wallet. It contains enough banknotes to buy him a brand new wallet of a better model he saw in a magazine. This buying power is exclusive to him, who alone can use those bills to buy something. Likewise, if he transfers them to another person, then instead of him, only this other person will own their buying power. However, although Joe's transferring away his banknotes can always transfer along their control, it could never transfer along their whole property, which is not only his. The bills, as possibly....
Bitcoin continues to edge closer to the $100,000 psychological price mark, trading at $96,857 at the time of writing. Although the asset pulled back slightly from a 24-hour high above $97,000, it still recorded a 2.4% increase over the past week, maintaining its broader uptrend. Recent on-chain data points to a growing sense of bullish sentiment in the market. Notably, a sharp increase in the taker buy/sell ratio on Binance suggests that traders are becoming more aggressive in their buying behavior. Some analysts are interpreting this shift as a potential prelude to further upside....