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Bitcoin Binary CDD Stays Low, Here’s What This Means

[May 18, 2023 12:00 PM] On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here’s what this says about the current market. Bitcoin Binary CDD Has Remained At Very Low Levels Recently According to data from the on-chain…

This Bitcoin Support Line Is Still Active, Bullish Signal?

[May 18, 2023 11:00 AM] On-chain data shows the cost basis of the 1-3 months old Bitcoin investors has continued to provide support to the price recently. Bitcoin Has Once Again Bounced Off This Support Line As pointed out by an analyst in a CryptoQuant post, if this line…

Bitcoin Bullish Signal: Whales Accumulate 84,897 BTC

[May 18, 2023 5:00 AM] On-chain data shows the Bitcoin whales have accumulated 84,897 BTC during the last five weeks, something that could be bullish for the price. Bitcoin Whales Have Been Growing Their Holdings Recently According to data from the on-chain analytics…

Bitcoin Price Close Above $28K Could Spark A Fresh Rally

[May 17, 2023 8:05 PM] Bitcoin price is rising above $27,200. BTC might gain bullish momentum if it clears the key $28,000 resistance zone in the coming sessions. Bitcoin is moving higher above the $27,000 and $27,200 levels. The price is trading above $27,000 and the…

Bitcoin Miners Continue To Sell, Bearish Sign?

[May 15, 2023 8:30 AM] On-chain data shows that Bitcoin miners have continued to sell recently, something that could be bearish for the cryptocurrency’s price. Bitcoin Miners Have Been Shedding Their Reserves Recently As pointed out by an analyst in a CryptoQuant…

Stablecoins Interest Spikes As Traders Look To Exit Market

[May 15, 2023 7:25 AM] Data shows there has been a large spike in interest around stablecoins recently, a sign that investors of Bitcoin and other assets may be looking to exit. Stablecoins Have Observed A Sharp Rise In Social Volume Recently According to data from the…

Bitcoin Price Restarts Increase But This Resistance Is The Key

[May 14, 2023 8:22 PM] Bitcoin price is recovering higher above the $27,000 resistance. BTC must clear the $27,800 resistance to start a decent increase in the near term. Bitcoin tested the $26,000 support zone and is currently recovering higher. The price is trading…

Bitcoin Plunges Below $27,000, Which Holder Groups Are Selling?

[May 12, 2023 12:07 PM] 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…