On-chain data shows the Bitcoin sharks and whales have seen their population grow during the last three months, despite the price witnessing an overall downtrend in this window. Bitcoin Sharks & Whales Saw A 3.9% Jump In Address Count Over Last 3 Months In a new sharks and whales. The “Supply Distribution” here refers to…
Tag: bitcoin bearish
Bitcoin Bearish Positioning Persists As Funding Rates Hold Negative
Data shows the Bitcoin perpetual futures market has seen a negative Funding Rate recently, suggesting a bearish sentiment is dominant. Bitcoin Perpetual Futures Traders Are Betting On The Short Direction As highlighted by Glassnode analyst Chris Beamish in an X Funding Rate” here refers to an indicator that measures the amount of periodic fee that…
Bitcoin Bull-Bear Cycle Indicator Drops To Deepest Level Since FTX Bottom
On-chain data shows CryptoQuant’s Bitcoin Bull-Bear Market Cycle Indicator has witnessed a deep plunge into the bearish territory recently. Bitcoin Bull-Bear Cycle Indicator Now Most Bearish Since 2022 Bottom In a new CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator. This metric tells us, as its name suggests, about the market phase that the cryptocurrency is currently…
Is Bitcoin Ready For A Rebound? This Metric Says More Pain Needed First
On-chain data shows the loss margin of Bitcoin traders is only halfway through the way to the boundary that signaled rebounds in the last two years. Bitcoin Traders Are About 5% Underwater At The Moment In a new Profit/Loss Margin of the Bitcoin traders falls under -12%. The Profit/Loss Margin refers to an indicator that…
Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak
Bitcoin is entering a fragile stage after days of selling pressure and uncertainty pushed the price into consolidation around the $110,000 level. Bulls are working to defend this key area, but momentum has clearly faded. The market now finds itself in a holding pattern, with investors cautious about whether Bitcoin will stabilize or break lower…
Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months
On-chain data shows the Bitcoin Exchange Reserve has witnessed a spike recently, a sign that could be bearish for the asset’s price. Bitcoin Exchange Reserve Has Hit A Multi-Month High In a new Exchange Reserve” refers to an on-chain indicator that keeps track of the total amount of the cryptocurrency that is sitting on the…
Bitcoin Endures One Of The Most Intense Bear Weeks Of This Bull Cycle – Details
Bitcoin experienced heightened volatility on Friday, briefly dipping to a local low of around $114,700 before stabilizing within a tight consolidation range. The price remains capped below the psychological $120,000 mark, with bulls and bears locked in a tug-of-war that has intensified speculation across the market. Despite the pullback, Bitcoin is holding key support, suggesting…
This Bitcoin Zone Could Be Market’s Next True ‘Pivot,’ Says Glassnode
The on-chain analytics firm Glassnode has highlighted the $97,000 to $98,000 zone as an important one for Bitcoin. Here’s why. Bitcoin CBD Suggests Build Up Of Supply In This Range In a new Cost Basis Distribution (CBD) is an indicator that measures the amount of the BTC supply that investors last purchased or transferred at…
Old Bitcoin Whales Resurface With $760M Move—Brace For Impact?
On-chain data shows Bitcoin whales holding since between three and five years ago have come alive to move a large number of tokens. Bitcoin HODLer Whales Have Broken Their Silence Recently In a new Spent Output Age Bands” (SOAB), which tracks the transaction activity related to a given ‘age band.’ An age band defines a…
Bitcoin Transfer Count Lowest Since 2023—Is This Bearish?
On-chain data shows the Bitcoin transaction count has plunged to the lowest level since October 2023. Here’s what this could mean for BTC’s price. Bitcoin Transactions Have Seen A Significant Slowdown Recently As pointed out by CryptoQuant author IT Tech in a new Number of Transactions” from the market intelligence platform IntoTheBlock, which measures, as…