On-Chain Data Shows Bitcoin Rally Has Yet to Enter “Overheated” Territory
Bitcoin’s rally has been heating up as of late, with bulls taking full control of its price action as they sent its price rocketing past its previous all-time highs overnight This rally didn’t last for too long, as an influx of selling pressure around $36,000 slowed its ascent and caused it to reel towards $34,000 […]
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Bitcoin has seen a strong surge over the past three weeks, moving from $11,200 to a high of $15,300. That is a 36.5% gain in the span of twenty days, making it the best-performing asset over that time frame. While some are expecting a retracement from here, on-chain data shows that the market can sustainably […]
On-chain data shows the Bitcoin sharks and whales added to their holdings right before the latest rally in the asset’s price occurred. Bitcoin Investors Holding Between 10 to 10,000 BTC Bought Ahead Of Rally According to data from the on-chain analytics firm Santiment, the large BTC holders scooped up a significant amount of the asset […]
Bitcoin has undergone a strong rally over the past month as buyers rush in after the early 2020 crash. The price of the leading cryptocurrency currently trades for $18,600, which is almost the highest the cryptocurrency has traded since the 2017 bull market peak. While there appear to be many that believe the coin will move higher, data shows the coin is being sold to some extent. Bitcoin Is Being Sold Into This Rally, On-Chain […]
On-chain data shows the Bitcoin trading volume has been increasing recently, which could help further the asset’s rally. Bitcoin Trading Volume Has Registered A Large Boost Recently According to data from the on-chain analytics firm Santiment, BTC continues to see high volumes. The “trading volume” here refers to measuring the daily total amount of a […]
Bitcoin has recently lost momentum following the rally that occurred over the past week. The digital asset had seen gains of over 20% while the entire market followed suit and showed massive gains all across the board. Bitcoin had spent 9 consecutive days closing in the green for the first time in a decade. As the cryptocurrency sees slowing momentum, the price has experienced various dips that have driven the price down. After the asset had jumped over $42,000 for the first time in over a month. With this slowdown, it seems that the rally has come to its end. But on-chain data shows that....