Long-term Bitcoin bulls hodl strong despite five-month price high
Bitcoin wallets that haven’t seen outflows for more five months and are currently sitting on $754 billion worth of the asset. Go to Source Powered by WPeMatico
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Bitcoin wallets that haven’t seen outflows for more five months and are currently sitting on $754 billion worth of the asset. Go to Source Powered by WPeMatico
Despite the Bitcoin markets slipping below $30,000, on-chain data suggests accumulation may be underway, as $1 billion worth of BTC leaves exchanges each month. Go to Source Powered by WPeMatico
The classic end of a Bitcoin bull run, a “mania top,” has not appeared yet, while fundamentals are unchanged in their outlook, says Willy Woo. Go to Source Powered by WPeMatico
While demand for Bitcoin remains high, current profit-taking behavior suggests that the market may be on the verge of turning bearish. Go to Source Powered by WPeMatico
The Bitcoin cycle top would likely come in at price levels above $166,000 per coin if history repeats. Go to Source Powered by WPeMatico
Chainlink is down 3% from its all-time high, but on-chain and derivatives indicators show there is increasing interest from investors. Go to Source Powered by WPeMatico
On-chain data shows that while miners are selling less BTC, old investors are realizing profits. Go to Source Powered by WPeMatico
Ethereum’s realized cap has surged into new all-time highs this month, indicating that new money is rushing to accumulate ETH. Go to Source Powered by WPeMatico
Despite on-chain metrics indicating Bitcoin investors will soon face losses, Glassnode believes BTC is ready to bounce. Go to Source Powered by WPeMatico
Glassnode’s Rafael Shultze-Kraft has shared several on-chain metrics that he believes suggest Bitcoin will comfortably charge into six-figure price-thresholds in future. Go to Source Powered by WPeMatico