The heaviest resistance sitting above Bitcoin’s current price isn’t a round number or a chart pattern — it’s the break-even point of millions of holders who bought in during the past year and are still underwater. Related Reading One Level Controls The Narrative A CryptoQuant market expert says the “bottom is in” crowd is getting…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…
Fewer derivative traders are placing new bets on Bitcoin right now. Open interest has barely moved — up just 1.50% to $55 billion — and more futures positions closed than opened in the past 24 hours. Volume dropped 21% to $30 billion. The market is waiting. Related Reading Sellers Have Had The Upper Hand For…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…
Bitcoin’s exchange reserves have been dwindling massively in recent days. Coins are moving off exchanges at a steady pace, removing available supply ready for purchase. Recent on-chain data from CryptoQuant shows that Bitcoin balances on exchanges continue to decline and are moving into stronger hands. On the other hand, data tracking the percentage of Bitcoin…
Bitcoin’s Bull Score Index has climbed back to 50, moving out of outright bearish territory and into what CryptoQuant’s Julio Moreno described as a neutral zone. In a post on X, the CryptoQuant head of research wrote: “First time in this bear market that the Bull Score Index enters neutral zone (50). In March 2022,…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…
Small investors have all but disappeared from Bitcoin trading. Data from CryptoQuant shows crypto inflows from accounts holding less than one BTC dropped to a record low on Binance earlier this month — the weakest retail participation in nine years. Related Reading Wall Street Moves In While Main Street Sits Out The numbers tell a…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in…
Bitcoin’s active address momentum has sunk to its weakest point since April 2018, even as a separate index tracking overall network health has crossed into what analysts call a bull phase for the first time in roughly a year. Related Reading A Market Driven By Fewer, More Committed Players The active addresses momentum metric dropped…