5 / 6 Relevant items tagged with #BitcoinRally

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Bitcoin Surge Above $27,000 May Not Last, Here’s Why

[Sep 29, 2023 8:00 AM] Bitcoin has broken back above the $27,000 level during the past day, but if on-chain data is to go by, this surge may not last for long. Bitcoin Investors Are Taking Profits At Highest Rate In 3 Months According to data from the on-chain analytics…

Bitcoin Rally Driven By Coinbase Users? Premium Would Say So

[Sep 19, 2023 9:00 AM] The Bitcoin Coinbase Premium Gap has been positive during the past few days, implying the surge above $27,000 may be driven by the platform’s users. Coinbase Users Have Been Participating In Aggressive Bitcoin Buying Recently In a new post on…

Is Another Bitcoin Rally Coming Soon? This Pattern May Say So

[Jul 31, 2023 7:40 AM] On-chain data shows a pattern in the stablecoin shark and whale holdings that may suggest the Bitcoin rally could make a return in the near future. Stablecoin Sharks & Whales Have Been Accumulating Recently According to data from the on-chain…

Bitcoin Rally May Not Resume Until This Happens

[Jul 28, 2023 9:00 AM] Bitcoin has continued to stagnate recently as another recovery move has failed to prosper. So here’s an indicator that may hint when a break could happen. Bitcoin Rally May Not Resume Until The Stablecoin Market Cap Goes Up Around the start…

Bitcoin Rally Appears To Be Fueled By Derivatives, Will It Last?

[Jun 21, 2023 1:00 PM] On-chain data shows that derivative exchanges have observed elevated activity as Bitcoin has rallied towards the $29,000 level. Bitcoin Spot Vs Derivative Trading Volume Ratio Has Been Quite Low Recently As pointed out by an analyst in a…

Bitcoin Short-Term Holders Still Bullish, Will Rally Restart?

[Jun 19, 2023 1:00 PM] On-chain data shows that Bitcoin short-term holders have participated in buying recently despite the price briefly dropping below their cost basis. Bitcoin Has Rebounded Back Above Short-Term Holder Realized Price As pointed out by an analyst in a…

Bitcoin Rally Hopes Still Alive, If This Metric Is To Go By

[May 29, 2023 12:00 PM] If the historical pattern in this on-chain indicator is anything to go by, hopes for the continuation of the Bitcoin rally may still be alive. Bitcoin SOPR Ratio Has Been Going Up In Recent Weeks As an analyst in a CryptoQuant post pointed out, the…

Bitcoin Rally May Not Have Hit Top Yet, Here’s Why

[May 3, 2023 1:00 PM] 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…

Bitcoin Rise Fueled By Stablecoins, On-Chain Data Suggests

[Apr 15, 2023 7:58 AM] On-chain data shows the recent rise in the price of Bitcoin above the $30,000 mark may be fueled by stablecoins being shifted into the asset. Stablecoins Have Continued To Flow Into Bitcoin In Recent Days As pointed out by an analyst on Twitter…

Bitcoin Market Shows Signs Of Euphoria, Will $30,000 Be Lost?

[Apr 11, 2023 11:00 AM] Data shows that Bitcoin investors are showing a high amount of hype around the break above $30,000, something that may end up backfiring. Bitcoin Investors Are Showing High Levels Of Euphoria Currently According to data from the on-chain analytics…

Here’s Why Bitcoin Could Break At Least $33,000 In This Rally

[Apr 4, 2023 8:00 AM] Bitcoin may be able to break the $33,000 mark in the current rally if this historical pattern of an on-chain indicator is anything to go by. Bitcoin Realized Price-To-Liveliness Ratio Has A Value Of $33,200 Currently According to the latest weekly…

$28.7k Could Be Next Level To Break For Bitcoin, Here’s Why

[Mar 21, 2023 1:48 PM] On-chain data suggests the $28,700 mark, which Bitcoin has yet to hit since the LUNA collapse, could be the next major obstacle to clear for the asset. Bitcoin Has Been Under The $28,700 Level For 310 Days Now According to data from the on-chain…

A Record 67.7% Of Bitcoin Remains Unmoved As U.S. Banks Implode

[Mar 14, 2023 2:00 PM] Onchain data suggests that Bitcoin (BTC) appears to be a haven for investors looking to escape the unfolding banking crisis in the United States. A staggering 67.7% of all BTC has remained unmoved for over a year, recent data from Glassnode shows…

Bitcoin Bull Run Still Too Soon To Call, This Quant Cautions

[Feb 20, 2023 8:30 AM] A quant has cautioned that a Bitcoin bull market may still be too soon to call, as this on-chain indicator is yet to meet the proper conditions. Bitcoin Long-Term Holder SOPR (SMA 14) Has Still Not Crossed Above 1 According to an analyst in a…