On-chain data shows that Bitcoin long-term holders are making deposits to exchanges currently, something that could be bearish for the price. Bitcoin Exchange Inflow CDD Has Spiked Recently As explained by an analyst in a CryptoQuant Quicktake post, investors have been making deposits to spot exchanges recently. There are two relevant indicators here: the “exchange…
On-chain data shows the divergence between the Bitcoin long-term holders and short-term holders has grown to record levels recently. Bitcoin Market Has Been Continuing Its Shift Towards HODLing As an analyst in a post on X explained, the gap between the speculators and HODLers in the market has only grown wider recently. The “short-term holders” (STHs)…
On-chain data shows a Bitcoin metric is forming a pattern that may hint that a bull run could be coming next for the asset. Bitcoin HODLer Growth Rate Has Seemingly Reached The “Plateau” Stage In a new post on X, the analyst Charles Edwards shared a chart highlighting a pattern that the BTC “HODLer Growth…
On-chain data shows Bitcoin is slowly moving from the old holders to new investors, a sign that could be positive for the market. Bitcoin RHODL Ratio Has Been Climbing Up In Recent Days According to data from the on-chain analytics firm Glassnode, this kind of trend is usually seen in the middle of cycle transitions.…
Bitcoin has plunged below the $27,000 mark during the past day. Here are the market segments that are possibly participating in this selloff. These Bitcoin Investors Have Been Spending Their Coins Recently In a new tweet, the on-chain analytics firm Glassnode has broken down the prices at which the average coins sold today were bought.…
The historical pattern in this Bitcoin on-chain indicator may suggest that the ongoing rally hasn’t reached its top yet. Bitcoin 1-Year Inactive Supply Has Continued To Go Up Recently According to a post from the on-chain analytics firm CryptoQuant, the 1-year inactive supply hit a high back in March of this year. The “1-year inactive…
On-chain data shows the Bitcoin HODLers are currently displaying net accumulation behavior, as they grow their holdings by 15,000 BTC per month. Bitcoin Long-Term Holders Have Been Accumulating Recently According to data from the on-chain analytics firm Glassnode, these investors were previously aggressively distributing during the bear market lows. The HODLers, or more formally, the…
On-chain data shows Bitcoin has broken above these three key levels in a manner reminiscent of the rally in April 2019. Bitcoin Breakout Shows Initial Similarities To April 2019 Rally According to data from the on-chain analytics firm Glassnode, BTC has broken above the three investor cost-basis levels for the first time since the COVID-19…
As Bitcoin continues its strong rally, $22,400 could be the level to watch next, if this on-chain metric is anything to go by. Bitcoin Long-Term Holder Realized Price Is Currently Around $22,400 According to the latest weekly report from Glassnode, BTC broke through all three realized prices of the market back in April 2019. To…
On-chain data shows a large amount of old Bitcoin supply has moved in the last few days, something that could be bearish for the crypto’s price. Bitcoin Supply Older Than 2 Years Showed Movement In The Past Week As pointed out by an analyst in a CryptoQuant post, a total of four large transfers with…