Bitcoin’s On-Chain Market Cycles
With an appreciation for bitcoin's market cycles, we can identify patterns to better gauge the progress of bull and bear markets alike.Bitcoin’s On-Chain Market CyclesThis article is a collaboration by Glassnode and Bitcoin Magazine to introduce Bitcoiners to the world of on-chain analysis. Our aim is to simplify, demystify and improve access to on-chain data, helping you take the first steps into using these powerful new tools.Bitcoin is a free market for exponential, digital monetary technology. It has attracted interest from all manner of investors ranging from the individual right....
Related News
As Tuesday drew to a close, Bitcoin’s performance turned slightly bearish again after the crypto king reclaimed above the $113,000 mark in a short rebound. Bitcoin’s price action this year has seen a wild ride when compared to some past cycles. However, it is still less significant than most of the previous cycles. How Bitcoin’s […]
Given the prolonged waning price action, the Bitcoin network is starting to feel this bearish pressure, leading to a sharp decline in activity across the network. After a period of downward performance, the level of activity and participation within the network has significantly dropped below levels seen in previous bull market cycles. How Bitcoin’s Network […]
Bitcoin has lost more than 30% of its value since early October, triggering a sharp shift in market psychology. What was once viewed as a routine correction is increasingly being interpreted by analysts as a potential cycle top. Sentiment has deteriorated quickly, with fear and apathy replacing the optimism that dominated earlier in the year. Many investors are now positioning defensively, preparing for what they believe could be a prolonged bear market phase similar to past post-peak cycles. Related Reading: Who Really Sold The Dip? On-Chain Data Exposes Bitcoin’s True Sellers However, a....
Do Bitcoin's market cycles depend on its structure as an asset, human psychology, or both? Since its launch approximately 12 years ago, Bitcoin (BTC) has seen a number of bull and bear cycles, each greater than the last. What drives these cycles, however? Decred co-founder Jake Yocom-Piatt claims that the answer lies within the human brain. “Bitcoin’s bull and bear cycles are functions of generic human psychology, attention spans, and its deterministic and diminishing issuance,” Yocom-Piatt told Cointelegraph.Over the years, various parties have argued different cases for Bitcoin’s cycles,....
On-chain data shows Bitcoin inflows this cycle have totaled to $678 billion. Here’s how this figure compares with that of the previous cycles. Bitcoin Realized Cap Growth Has Been 1.8x Larger Than Last Cycle In its latest weekly report, on-chain analytics firm Glassnode has discussed about the growth in the Realized Cap of Bitcoin. This capitalization […]