Bitcoin FOMO: On-Chain Data Suggests Big Accumulation Going On
Bitcoin on-chain data suggests accumulation is going on as investors feel FOMO about the current rally above $57k. Bitcoin Accumulation Goes On As Investors Feel FOMO As explained by a CryptoQuant post, on-chain data is showing signs of accumulation as BTC netflows show negative spikes, and the stablecoins inflows indicate big moves. The Bitcoin netflow […]
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The Bitcoin mining sector has seen some major ups and downs in 2021. Cast out from China, a former hub for this activity until very recently, the network’s hashrate dropped it’s yearly low and has been recovering ever since. Related Reading | Bitcoin FOMO: On-Chain Data Suggests Big Accumulation Going On A report by Hashrate Index […]
Despite the Bitcoin markets slipping below $30,000, on-chain data suggests accumulation may be underway, as $1 billion worth of BTC leaves exchanges each month. Despite Bitcoin crashing below $30,000 for the first time in one month, on-chain metrics suggest whales may be steadily accumulating BTC.According to Glassnode’s July 19 “The Week On-Chain” report, the Bitcoin reserves of centralized exchanges have continued to evaporate despite the recently sustained bearish momentum, with an average of 36,000 Bitcoin (worth roughly $1 billion) being withdrawn from exchanges monthly. Glassnode....
On-chain data suggests the Toncoin whales have participated in significant accumulation over the past week, which could be bullish for TON. Toncoin Whales Have Bought Large During The Last Seven Days As explained by analyst Ali Martinez in a new post on X, Toncoin whales have been active with net buying recently. The on-chain indicator […]
Glassnode’s new Bitcoin indicator, the “accumulation trend score,” shows the market has leaned towards distribution recently. Bitcoin Accumulation Trend Score Has Shown Values Of 0.2 To 0.5 Recently As per the latest weekly report from Glassnode, the latest addition to the on-chain market intelligence company’s indicators suggests the trend has been that of distribution in […]
On-chain data shows Bitcoin miners are still in the process of accumulation, despite the crypto recently reaching new all-time highs (ATHs). Bitcoin Miners Continue Their Accumulation As pointed out by an analyst in a CryptoQuant post, BTC miner reserves have continued the trend up recently, despite the coin hitting new ATHs. The “miner reserves” is […]