Bitcoin Supply Lights Up With Activity Due To Trading Range Boredom
This three-months-and-counting consolidation period Bitcoin is in has many investors with the finger on the trigger. Even though we’re in the middle of an Altseason of sorts, mainly caused by the lack of price fluctuation Bitcoin is exhibiting, the hunters seem to be ready. A recent Arcane Research report shows that, in the last year, […]
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On-chain data shows network activity metrics related to Bitcoin have shot up while the coin’s price has been ranging around $105,000. Bitcoin Network Growth & Circulation Have Both Spiked Recently According to data from the on-chain analytics firm Santiment, Bitcoin has observed a notable uptick in activity during the past week. There are two indicators […]
Data shows the Bitcoin 7-day average spot trading volume has continued to shoot up this week as trading activity in the market lights up. Bitcoin Market Observes More Than $10 Billion In Volume In Past Week According to the latest weekly report from Arcane Research, the BTC Trading volume has seen further growth this week. […]
Data shows the Bitcoin trading volume has declined by 38% since the highs in September as a result of the boring price action in the crypto. Bitcoin Spot Trading Volume Has Plunged Down In Recent Days As per the latest weekly report from Arcane Research, the current 7-day average BTC spot volumes are down to just around $7.9 billion. The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted in the spot markets on any given day. When the value of this metric is high, it means the market is active right now as investors are moving....
Ethereum is currently trading at a critical price level after several days of tight consolidation. Just two weeks ago, ETH reached a new all-time high, marking a local top that could signal a pause in its strong rally. Since then, price action has narrowed into a range, reflecting both profit-taking and caution from traders. Still, the underlying fundamentals remain supportive of Ethereum’s long-term outlook. Related Reading: Old Bitcoin Supply Unlocks: 7,626 BTC Aged 3–5 Years Moves Onchain Whale accumulation continues to play a vital role, as large investors steadily add ETH to their....
In recent weeks there has been noticeably more volume on two of the major bitcoin exchanges: Bitstamp & OKcoin. The two charts below show the big increase in volume with very little price movement on both of these exchanges. After speaking with self proclaimed “degenerate gambler” and one of the most respected bitcoin traders of the space, BTCVIX, most of this volume appears to be wash trading. “And now we are even seeing some of this interest wane as I believe the ramping up volume washing bot activity is the Casino trying to keep the lights flashing and the sounds blasting so that we....