Bitcoin Dip Sparks Mixed Reactions: Buyers Step In, Profit Takers Surge
On-chain analytics firm Glassnode has revealed how the different Bitcoin investor cohorts have been reacting to the latest price dip. Bitcoin Conviction Buyers Are Stepping In, But Profit Takers Have Also Surged In a new post on X, Glassnode has discussed about the how the supply associated with the various Bitcoin behavioral cohorts has changed […]
Related News
The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.
The on-chain analytics firm Glassnode has explained how Bitcoin investor behavior tends to reflect in price trend reversals and continuations. Glassnode Highlights Key Behavioral Patterns Behind Bitcoin Moves In a new thread on X, Glassnode has shared a new way to categorize Bitcoin investors based on their on-chain spending patterns. Under this indicator, called the Supply by Investor Behavior, there are five cohorts: Conviction Buyers, First Buyers, Momentum Buyers, Loss Sellers, and Profit Takers. First Buyers, Loss Sellers, and Profit Takers are pretty self-explanatory. Conviction....
The Bitcoin market shrugged, but the conversation about quantum computers and Bitcoin popped back into feeds this week. It’s an old worry that keeps coming up: could future machines break the cryptography that protects wallets? Related Reading: Super Bowl Karaoke: Coinbase Ad Sparks Mixed Reactions Based on reports from CoinShares and comments from long-time Bitcoin […]
Crypto markets marginally consolidated on Tuesday, following yesterday’s price surge which saw bitcoin and ethereum both rally to multi-week highs. BTC climbed to $45,000, with ETH moving to $3,200. Bitcoin Bitcoin prices were marginally below yesterday’s high, as profit takers look to have closed some of their positions. BTC/USD rose to an intraday high of $45,293.87 during Monday’s session, however it’s tracking close to $43,354.61 today. Yesterday’s move, which now looks like a false break, moved beyond its recent resistance of $43,770, en route to....
Bitcoin has retraced back to the $71,000 level, as on-chain data shows profit-taking behavior among investors has once again witnessed a spike. Bitcoin Realized Profit Crossed $20M/Hour During Rally In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Realized Profit, which is an indicator that […]