Although Bitcoin prices have rebounded by 15 percent over the past week, further network demand is required to maintain further price gains, according to measures.
According to Glassnode, the Bitcoin market appears to be reversing its gains since January as whales quit and sell on centralised exchanges. The number of
Additionally, Glassnode’s analysis indicated that up to 60% of transaction volume is in what it refers to as “profit domination,” with long-term investors being the
The bigwigs at Bitfinex aren’t the only ones who see the present Bitcoin price as a purchasing opportunity. After bulls failed to trigger a late-week
Bitcoin outflows from exchanges have reached a yearly high, while inflows to Canadian Bitcoin ETFs have also reached a yearly high, indicating that investor trust
Tether and futures premiums suggest a lack of excitement in the market, despite only one currency among the top-80 dropping during the past week. After
About $1.61 billion in Ethereum tokens has been traded out of the cryptocurrency market so far in 2016. That’s just in time for its full
The “accumulation trend score,” a new Bitcoin indicator from Glassnode, indicates that the market has recently shifted toward distribution. Recently, The Bitcoin Accumulation Trend Score
Despite the fact that long-term coin sales increased significantly last week, HODLing remains the recommended approach as more short-term supply becomes long-term supply. Long-term Bitcoin
On-chain data indicates that Binance’s Bitcoin domination has increased significantly over the last couple of years, with the crypto exchange now controlling more than 22%
Although Bitcoin’s price has declined by more than three months, US crypto miners are continuing to expand their businesses with more powerful computers. According to
Only twice before has the proportion of available supply in its wallet been so overwhelmingly stationary. Bitcoin (BTC) may be struggling at $40,000, but new
