Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $...
Following a new all-time high (ATH) of $126,199 on Binance, Bitcoin (BTC) is now consolidating in the low $120,000 range. Latest exchange data – such as Cumulative Volume Delta (CVD) Confirmation Score – suggests that BTC is benefitting from strong underlying demand. CVD Confirmation Shows Strong Demand For Bitcoin According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s CVD Confirmation Score – a 30-day rolling correlation between Bitcoin’s price and the CVD – is suggesting a strong resynchronization of the trend. Related Reading: Bitcoin....
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Bitcoin began October on a strong bullish note, gaining by over 12% to establish a new all-time-high price around $126,100. However, the recent days have presented a troubling amount of selling pressure, especially in the last few hours due to tariff threats from the United States’ President Donald Trump. Amidst this highly volatile environment, on-chain data has also surfaced, highlighting market whales’ confidence in the market. Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone Bitcoin Whales Are Holding Their Ground In a....
As Bitcoin (BTC) tries to recover from its weekend sell-off that saw it almost crash to $100,000, some crypto analysts think that the BTC market likely “lost its pulse.” As a result, the leading cryptocurrency may be on the cusp of losing its bullish momentum. Bitcoin At The Risk Of Losing Momentum? According to a CryptoQuant Quicktake post by contributor TeddyVision, Bitcoin’s Inter-Exchange Flow Pulse (IFP) has been trending lower, confirming that inter-exchange activity is slowly fading. Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K....
As an aftermath of the October 10 market crash, where Bitcoin’s price reached levels as low as $101,500, the market is exhibiting a recognizable bearish on-chain structure. While the selling momentum seems to be slowing down, giving a sliver of hope to potential market participants, recent on-chain analysis seems to point towards caution as the more correct sentiment to have in the short term. Realized Profits Climb As High As $2.25 Billion In an October 11 post on social media platform X, technical and on-chain analyst Darkfost revealed that a lot of Bitcoin investors might still be....
Ki Young Ju, CEO of blockchain analytics firm CryptoQuant has expressed strong support for Binance founder Changpeng Zhao (CZ) as he nears the end of his detention. The former Binance CEO and influential crypto figure is currently serving a four-month sentence after pleading guilty to violating the US Bank Secrecy Act (BSA) in November 2023. […]
The largest Bitcoin mining pools are signaling for Taproot, but the activation may not reach the 90% critical consensus mark during this current difficulty epoch. Disclaimer: This article has been updated to reflect that BTC.Top has begun signaling for Taproot activation.The top-10 Bitcoin (BTC) mining pools by hash rate distribution are now signaling for Taproot activation with BTC.Top being the latest among them as of the time of writing.Indeed, 90% of Bitcoin’s hash rate briefly signaled for the protocol upgrade with the figure now standing at about 73%.Tweeting on Monday, crypto....