Bored with Bitcoin? The BTC bull run is about to return, this indicator says
Analysis of sellers' profits this week increasingly points to an imminent return to upside for BTC/USD. Bitcoin (BTC) hodlers hoping for a return to the bull run may not have long to wait, as a popular indicator gives cause for optimism.As compiled by on-chain monitoring resource Glassnode, data from the Bitcoin spent output profit ratio (SOPR) suggests that the current BTC price correction is almost complete.BTC price correction should end "soon"The SOPR tracks the percentage of coins being moved that are in profit — in other words, whether hodlers are selling at a profit or loss.When the....
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A storm monthly of April is now in the past, and although the forecast was looking glooming for Bitcoin for a while there, bulls are breaking through the clouds and it could blossom another bullish impulse higher. Here’s a closer look at the technical Indicator that suggests the top crypto is back to bull mode […]
Did you know that the cheapest Bored Ape Yacht Club NFT is at around 152 ETH which translates to roughly $429,000? The launch of Otherdeeds metaverse seems to have triggered the Bored Ape NFT price hike which is now its floor price. According to NFT Price Floor, The Bored Ape NFT is considerably the highest […]
The Mayer Multiple indicator suggests the bull market is still far from peaking, even as bitcoin closes in on its all-time high.
A quant breaks down how the Bitcoin NUPL indicator may be able to predict the beginning of a new bull run based on past pattern. How The Bitcoin NUPL Metric May Predict The Start Of Bull Run As explained by an analyst in a CryptoQuant post, the various phases of the NUPL indicator may shed some light relating to the bull run status for BTC. The net unrealized profit and loss (or NUPL in short) is a metric that’s defined as the difference between the market cap and the realized cap, divided by the market cap. NUPL = (Market Cap – Realized Cap) ÷ Market Cap In simpler terms, what....
Marshall Mathers, known professionally as Eminem has joined the community of bored apes by purchasing a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collectible for 123.45 ethereum or $452K at the time of settlement.
Slim Shady Purchases Bored Ape Yacht Club #9055 for $452K
The Bored Ape Yacht Club (BAYC) NFTs have been very popular this year and the project saw more than $1 billion in volume worldwide, according to defillama.com metrics. Now Eminem has joined the BAYC bandwagon by purchasing BAYC #9055 for 123.45 ether on Thursday. The Detroit hip hop star shared the....