Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn
According to the latest insight from a CryptoQuant analyst, Bitcoin might be poised for a notable price correction. This possibility of a price correction is based on major Bitcoin metrics such as the Adjusted Spent Output Profit Ratio (ASOPR), signaling a notable implication for Bitcoin’s trajectory. Understanding ASOPR’s Role In Predicting BTC Corrections The ASOPR, a key indicator in the crypto market, measures the profit ratio of spent outputs by comparing the value at which coins were bought to the value at which they were sold. Related Reading: Bitcoin Crash Below $66,000 Stuns....
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The founder and CEO of the analytics firm CryptoQuant has pointed out how the latest Bitcoin rally saw buying from the Coinbase exchange whales. Bitcoin Coinbase Premium Index Saw A Sharp Green Spike Alongside Rally In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about the latest trend in […]
Bitcoin’s relative nascence makes its future price perhaps difficult to predict. There objectively is not as much data in the Bitcoin market as there is, say, in the gold market. Yet, there are numerous indicators which lend key insights into bitcoin’s price trends, and one often overlooked is the recurring halving. We’ve seen Bitcoin reach a previous....
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....
Bitcoin’s new highs come amid lots of new money pouring in via stablecoins. According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets.Tether’s market cap has been growing exponentially in 2020. As of mid-September, Tether’s market cap saw nearly a four-fold increase since the beginning of the year, surging above $15 billion from around $4 billion. According to data from crypto analytics firm Messari, USDT saw a notable increase from August 2020 to date. As such, USDT added more than $5....
PRESS RELEASE. ROLA, a community-driven platform for the crypto industry, allows users to participate in AI-based predictions on all market aspects while leveraging real-time market insights on top of professional analysts’ knowledge. The ROLA app enables users to consume market insights while improving from the users’ votes. The algorithm thus improves from the signals it receives from the community and, in return, provides accurate predictions. In this way, ROLA is strongly driving a Predict-To-Earn ecosystem. What ROLA Brings To The Web3 Community The crypto community has....