Bitcoin On-Chain Metrics Bleed As Price Continues To Climb
Bitcoin remains on an upward trend after breaking through $40,000 once again. However, this upward trend has not translated onto on-chain metrics. While the price of the digital asset continues to sit in the green, on-chain metrics have plummeted paining an entirely different picture in relation to price. From miner revenues to transaction fees, the […]
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Bitcoin’s price action is still above the $100,000 threshold and within striking distance of its all-time high at $111,700, but its on-chain activity tells a completely different story. According to the latest report from on-chain analytics firm Glassnode, even though Bitcoin’s price is pushing to new heights, underlying blockchain metrics have slipped into territories more […]
After surging significantly in the last few days, Solana, one of the leading digital assets, is slowly facing growing bearish pressure, raising concerns about an extension of the recent pullback to key support levels. Solana’s price may be declining, but the market continues to show strength as several crucial on-chain metrics are starting to turn […]
Here we are, another day. And yet, the price of Bitcoin continues its upward trend. Today, we've reached a high of $215.00 at Mt. Gox (as of this writing, of course). Just how high will the price continue to climb? It's anyone's guess at this point, but it's certainly looking like we're in the beginning of a bubble here. Earlier this year, the price of Bitcoin reached as high of $266 before it's ultimate decline to the high 70s-range. What makes this interesting is that we're unsure whether or not we'll be able to break this year's high. With the help from the Chinese - who are scooping up....
On-chain data is showing more and more similarities to mid- and late-2020 — the springboard period for the Ether and Bitcoin bull market. Bitcoin (BTC) and Ether (ETH) have started showing “remarkable” bullish divergences that echo the start of bullish price trends.That’s according to the latest data collected by on-chain analytics firm Glassnode this week. BTC, ETH data mimics “mid to late 2020”In its latest weekly report, “The Week On-chain,” Glassnode revealed that while price action remains quiet, on-chain metrics suggest that it could well be lagging behind much more bullish....
CoinDesk Research's Monthly Review for October focuses on Bitcoin and Ethereum plus some of the stories their on-chain metrics are telling us.