The Hidden Signals: Bitcoin’s On-Chain Data Points To Bullish Outlook, But Th...
Santiment, a leading blockchain intelligence platform, has recently provided insights pointing to a favorable short-term scenario for Bitcoin (BTC). However, according to other signals that seem ‘hidden,’ there’s a catch. These on-chain metrics can serve as the north star for investors looking to strategize their next steps. However, according to another metric, though recent revelations by Santiment might hint at continued positive momentum for Bitcoin, there’s also a possible contrary move that could play out. Related Reading: Bitcoin’s Upcoming Leap? Analyst....
Related News
Injective (INJ), a project known for its cross-chain derivatives protocol, is grabbing headlines after crypto analyst Javon Marks released a bullish prediction. Marks, a popular figure in the crypto space, believes INJ is poised for a “monstrous rally” towards a staggering $380 target. Related Reading: Solana Slides 13% – Can It Recover Despite Analyst’s $1,000 Prediction? This optimistic outlook comes amidst a generally volatile cryptocurrency market, leaving investors to wonder: is Injective really hurtling towards the moon, or is this a case of overzealous enthusiasm?....
Cardano shows mixed signals on the technical indicators, not to mention the on-chain data. Despite bullish trends in the metrics, ADA has been unable to gain significant price momentum. At the time of writing, ADA is trading around $0.34, experiencing a slight 4% dip in the past 24 hours, leaving investors wondering whether it’s the right time to buy or wait. Related Reading: Bitcoin On Track For $92,000 ‘Bounce’ In 3 Months, Analyst Predicts Speaking of positive vibes, Cardano received a strong vote of confidence from the crypto community. In a recent survey conducted by Weiss....
Bitcoin has dropped over the past few days after news revealed that OKEx had frozen withdrawals. The price of the leading cryptocurrency slipped from $11,750 to $11,450 where it is now. The leading cryptocurrency is primed to appreciate in the long run despite short-term weakness. One crypto-asset analyst noted that there is a confluence of on-chain trends showing Bitcoin is bullish. Four of those metrics are as follows. Bitcoin’s On-Chain Trends Are Bullish, Data Shows […]
Bitcoin has gradually been recovering with its price now hovering above $97,000 as of today—a noticeable increase from the $94,000 price mark seen earlier this week This upward movement comes as analysts highlight significant trends in the perpetual futures markets that may indicate a substantial shift on the horizon. Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals Bitcoin’s Open Interest Points to Possible Market Shift One notable development is the increase in Bitcoin’s open interest—an indicator of the total number of outstanding perpetual futures contracts on....
On-chain data points toward a bullish future for Bitcoin despite today’s sell-off to $50,400. On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400.The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level. Despite Bitcoin's loss of bullish momentum, several derivatives indicators, including a bullish futures premium and a neutral skew, suggest that the price may not drop below $50,000. BTC/USDT 4-hour chart. Source:....