Bitcoin News: Recent Data Signals Rising Accumulation Among BTC Investors
Bitcoin (BTC) struggled to build on its recent momentum over the past week, reflecting the bearish climate of the general market. However, the latest on-chain revelation suggests that investors continue to show significant faith in the premier cryptocurrency and its prospects. Bitcoin Addresses With 10+ BTC Reach All-Time High: Santiment According to a recent report from the blockchain data tracker Santiment, there has been considerable growth within a particular class of Bitcoin investors. The on-chain analytics platform highlighted that the number of shark and whale addresses holding at....
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Bitcoin on-chain data suggests accumulation is going on as investors feel FOMO about the current rally above $57k. Bitcoin Accumulation Goes On As Investors Feel FOMO As explained by a CryptoQuant post, on-chain data is showing signs of accumulation as BTC netflows show negative spikes, and the stablecoins inflows indicate big moves. The Bitcoin netflow […]
The bitcoin price started a brief lateral movement period to accomplish the end of its first main technical cycle. Now, a congestion area is providing an accumulation opportunity, with support at $600 and resistance at $820, preparing for the rise to $1800. The past rounded-bottom is history, and now fundamentals, political factors and news are inconsistent enough to allow the current congestion area before a new rise to the annual objective near $1800. Technical tools are giving good signals to trade during an accumulation time period while the next big pattern takes place. Small,....
Latest data from Glassnode shows investors in the Bitcoin market have shown strong accumulation behavior recently. Bitcoin Holders Show Strong Accumulation For First Time In Months As per the latest weekly report from Glassnode, the BTC accumulation trend score has shown a value of more than 0.9 in the past couple of weeks. The “accumulation […]
Investors are accumulating Ethereum in droves amidst what could become a return to bullish sentiment for the cryptocurrency. Ethereum is currently ranging around $3,170, with its price undergoing volatility in the past seven days. Amidst this price volatility, on-chain data has revealed an accumulation trend from Ether investors during the week. Additionally, transaction data has shown an uptick in whale movement of ETH to and from exchanges, with recent market happenings indicating a transformation in the price of the crypto asset. Related Reading: All Quiet On The Bitcoin ETF Front –....
Dogecoin is grabbing headlines and speculation from its wide community of investors after a recent whale accumulation from a crypto exchange. On-chain data shows an accumulation trend from this whale, with the latest being the acquisition of 300 million DOGE tokens worth $45 million at the current market price. These speculations have led to theories […]