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despite the recently sustained bearish momentum, with an average of 36,000 Bitcoin (worth roughly $1 billion) being withdrawn from exchanges monthly.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 shows the Bitcoin Accumulation Trend Score has observed a decline recently, a sign that investor cohorts have taken to selling. Bitcoin Accumulation Trend Score Is Currently Sitting At 0.21 In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the Accumulation Trend Score has recently been looking for Bitcoin. The “Accumulation Trend Score” refers to an indicator that tells us about whether the Bitcoin investors are accumulating or not. Related Reading: Bitcoin Not Reached ‘Extreme Euphoria’ Phase Yet, Glassnode Reveals The....
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 […]
On-chain data shows the Bitcoin investors with no history of selling are back to intense accumulation, a sign that could be bullish for BTC’s price. Bitcoin Accumulation Addresses Have Been Showing High Demand Recently In a new post on X, the on-chain analytics firm CryptoQuant has talked about how the demand is looking from the […]