Why Bitcoin Bull Market Shakeouts Are Healthy For Holders
At this point, no one can deny that Bitcoin has begun a new bull market. The 500% rally and new all-time high in 2020 is all the evidence that is needed. But that doesn’t mean that corrections won’t soon come, and according to VanEck’s digital asset director, Gabor Gurbacs even a +50% price drop will […]
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An analyst has explained how an important Bitcoin indicator is back to levels that may be considered healthy for a bull-market uptrend. Bitcoin Short-Term Holder Realized Price No Longer Growing Too Fast In a new post on X, analyst James Van Straten has talked about the 7-day rate of change in the Realized Price of […]
Bitcoin has faced persistent challenges in recent weeks, struggling to maintain a stable upward momentum. After recently slipping below $100,000, the cryptocurrency now hovers around the $95,000 mark, causing uncertainty among investors. Despite these setbacks, some analysts see signs that the market’s bull cycle may still have room to run. CryptoQuant contributor MAC_D recently examined the current state of Bitcoin’s realized market capitalization, offering insights into what might lie ahead for the asset. Related Reading: Bitcoin’s Struggle Below $100K: Could These Market Signals Trigger....
A quant explains how Bitcoin on-chain data may be used to identify whether a high was because of peak formation or due to a shakeout. Open Interest, Funding Rates, And LTH-SOPR May Signal Whether A Peak Vs A Shakeout As explained by an analyst in a CryptoQuant post, a combination of different on-chain indicators may be able to identify whether a high means the price is forming a peak or if it’s just a shakeout. The relevant Bitcoin indicators here are the open interest, the funding rates, and the LTH-SOPR. Before considering the trend of each, here are some quick explanations of what....
Top Quant uses the puell multiple to point out a pattern that explains why the current Bitcoin bull cycle is only in the first phase. The Bull Market Is Not Over, Phase 1 Has Just Begun According to a CryptoQuant analyst, past cycles show that the current Bitcoin bull market isn’t over yet. The puell multiple seems to reveal where the price might head next. The puell multiple is a BTC indicator used to tell how healthy miners’ revenue is. It’s calculated by dividing the mining revenue by the 365-day moving average (MA) of the same. Puell Multiple= Mining Revenue USD ÷ 365....
Bitcoin price has now declined to $56k; does that mean a top is in? Or is this just a shakeout? Here’s what the SOPR indicator says about it. The Bitcoin SOPR Indicator The BTC Spent Output Profit Ratio (or SOPR in short) is an on-chain indicator that estimates whether investors are selling at a profit or a loss. When the metric’s value is above one, it means coins that were moved during the period were sold, on an average, at a profit. While SOPR values less than one imply the overall market has been selling at a loss during the particular timescale. If the indicator starts....