After a six-week run, altcoins are cooling off, leading some to fear the worst. However, in a post on X, one crypto analyst urges calm, saying the dip is a normal part of any bull market and may even present opportunities for discerning traders and investors. Altcoins bullish wave | Source: Analyst via X Altcoins Drop,…
On-chain analytics firm Glassnode has revealed a Bitcoin price range that defines the current battleground between recent buyers and profit-takers. Bitcoin Cost Basis Distribution Shows Where Resistance & Support Are Strongest In a new post on X, Glassnode has talked about where support and resistance levels lie for Bitcoin based on the Cost Basis Distribution…
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According to Google Trends data, interest in Bitcoin is heading to historic lows as of June 27. In a screenshot shared by a Twitter user, organic searches related to “Bitcoin” have dropped in the last six months. Google Trends is a free tool that tracks how people search for specific terms or phrases on Google,…
While the cryptocurrency community is excited about the BlackRock Bitcoin exchange-traded fund (ETF) filing and the planned involvement of other prominent players in traditional finance, such as Fidelity and Deutsche Bank, one observer is skeptical. On Twitter, he notes that these Wall Street giants only became involved after the United States Securities and Exchange Commission (SEC) took…
On-chain data shows an increasing trend of Bitcoin moving to exchanges, a typical bearish sign, but another signal still remains optimistic for the bulls. Bitcoin Exchange Inflows Are Up, But So Are USDT Deposits According to data from the on-chain analytics firm Santiment, BTC has been flowing into exchanges recently. The relevant indicator here is…
The total Bitcoin Options open interest, the number of open call and put orders, recently rose to $14.87 billion on June 30 before falling to $10.74 billion on July 4, on-chain data on July 5 shows. Related Reading: Valkyrie Follows In BlackRock’s Footsteps, Refiles For Spot Bitcoin ETF At $14.87 billion, the total number of Bitcoin…
Data shows Bitcoin is now approaching another retest of the realized price, will the bulls be able to blow through the resistance this time? Bitcoin’s Recent Upwards Momentum Has Brought It Near Realized Price Again As pointed out by an analyst in a CryptoQuant post, BTC has spent a total of 138 days under the…
A record 592,000 Bitcoin, or roughly $17.8 billion, was accumulated when the coin was trading at $30,200, recent Glassnode data indicates. At this accumulation rate, suggesting possible demand, more entities bought more coins at the second fastest pace in the network’s history. This record was only broken when 637,000 BTC were bought at an average…
Este artículo también está disponible en español. Bitcoin has proven unstoppable, breaking all-time highs five times in six days and surging past the $82,000 mark. This latest milestone cements Bitcoin’s momentum as it pushes into uncharted territory, capturing the bulls’ attention and sparking new levels of optimism in the market. According to recent data from…