Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic

An analyst has explained how Bitcoin will likely continue the latest bullish swing, at least in the short-term. Bitcoin Spot Exchange Supply Has Been On The Decline Recently In a new post on X, analyst Willy Woo has discussed the short-term and medium-term trajectories that BTC could follow. For the former, the analyst says the bullish trend would continue, with “likely 1 week left in play.” Related Reading: Dogecoin Miners In Accumulation Mode, But Is This Really Bullish? In the medium term, things appear to be more complicated, as Woo has pointed out the trend forming in the....

Bitcoin looks like a different planet this year, according to several popular on-chain metrics. Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic.BTC has been described as facing "a bear of historic proportions" in 2022, but just one year ago, a similar feeling of doom swept crypto markets as Bitcoin saw a 50% drawdown in weeks.Beyond price, however, 2022 on-chain data looks wildly different. Cointelegraph takes a look at three key metrics demonstrating how this Bitcoin bear market is not like the last.Hash rateEveryone remembers the....

Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new post on X, analyst Willy Woo has discussed the latest trend in the Bitcoin inventory sitting on centralized exchanges. Such platforms have two types of reserves: Spot BTC and Paper BTC. Related Reading: Why Is Bitcoin Price Down Today? Key Reasons Explained The former of these is simply the actual tokens that the exchanges are holding on behalf of their users. This....

On-chain data shows miners have sent a large amount of Bitcoin to spot exchanges recently, something that can be bearish for the value of the crypto. Bitcoin Miners To Spot Exchanges Flow Has Surged Up Over The Past Day As pointed out by an analyst in a CryptoQuant post, the latest spike in the miner exchange deposits is larger than any other recent peaks. The relevant indicator here is the “miners to spot exchanges flow mean,” which measures the total amount of Bitcoin being transferred by miners to spot exchanges. When the value of this metric shoots up, it means miners have....

The term "Just in Time Inventory" was coined to refer to the efficiency businesses could gain by not tying up their funds in inventory that sat around on warehouse shelves until the product was needed. The problem of maintaining inventory is that it ties up cash you might otherwise need for productive uses. Sitting on shelves waiting to be purchased or used in assembly is not. New efficiency models started in the 1950s Japan to proceed with new processes and rules that aimed for perfect timing for all business operations. The term "Just in Time" was eventually popularized to be applicable....