Bitcoin is testing the $70,000 level after briefly surging toward $74,000, as the market attempts to stabilize following a volatile period marked by geopolitical uncertainty and rapid price swings. While the recent rally helped restore short-term momentum, analysts are closely monitoring on-chain data to determine whether the move reflects a broader shift in market structure…
Tag: Bitcoin demand
Bitcoin Spot ETFs See 14-Day Netflows Surge: Demand Returning?
Data shows the Bitcoin spot exchange-traded funds (ETFs) have seen their 14-day netflow trend climb into the positive territory, ending a period of sustained outflows. Bitcoin Spot ETF Netflow Has Been Rising Recently As highlighted by on-chain analytics firm Glassnode in a new spot ETFs have seen their 14-day netflow trend climb higher recently. “Spot…
Bitcoin Cycle Defined by Demand, Not Price: CryptoQuant Head Says
Head of research at on-chain analytics firm CryptoQuant has explained how demand makes the basis of a Bitcoin cycle, rather than price performance. Bitcoin Apparent Demand Has Been Declining Recently In a new post on X, CryptoQuant head of research Julio Moreno has talked about Bitcoin cycles from a different lens. “Most are focusing on…
Bitcoin Coinbase Premium At Rare Discount As US Demand Weakens
The Bitcoin Coinbase Premium Gap has witnessed a sharp decline into the negative zone recently, with its value now sitting at one of the lowest in the last 18 months. Bitcoin Coinbase Premium Gap Has Plunged In a new Coinbase Premium Gap. This indicator keeps track of the difference between the BTCUSD price on Coinbase…
Bitcoin Market Absorbs Supply In Batches: VDD Highlights Mature Bull Phase
Bitcoin is currently at a crossroads, caught between bullish hopes and bearish pressure. Bulls are struggling to reclaim the $115K level, while bears have been unable to keep BTC below $110K, leaving the market in a tense state of uncertainty. This indecision comes as volatility increases ahead of the upcoming US Federal Reserve meeting, where…
Is Bitcoin Demand Returning? Active Address Trend May Suggest So
On-chain data shows the Bitcoin network is currently noting an uptick in Daily Active Addresses. Here’s what this could mean for BTC’s price. Bitcoin Active Addresses Just Crossed The 800,000 Mark In a new Daily Active Addresses” here is an on-chain indicator that keeps track of the total number of BTC addresses that are becoming…
Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals
The on-chain analytics firm Glassnode has revealed in a report how the Bitcoin investors have seen a shift toward strong distirbution recently. Bitcoin Accumulation Trend Score Has Been At A Low Level Recently In its latest weekly report, Accumulation Trend Score” is an indicator that tells us about the degree of accumulation that the BTC…
Bitcoin Cost Basis Distribution Reveals Strong Demand At $97K – Can BTC Hold?
Bitcoin has had a whirlwind few days, hitting an all-time high (ATH) last Tuesday before tumbling into a sharp 15% correction. This period of heightened volatility has left investors divided, with some expecting a continued uptrend while others brace for more downside. The market is closely watching Bitcoin’s ability to reclaim its bullish momentum. Top…
Bitcoin Realized Profit Hits ATH At $443 Million – Local Top Or Continuation?
Bitcoin has surged past the $99,800 mark, setting a new all-time high as it inches closer to the psychological $100,000 barrier. While the milestone signals remarkable strength, the price has yet to claim this key level, leaving investors in suspense. Market demand remains robust, fueling optimism that Bitcoin will soon break above the $100,000 threshold.…
Bitcoin Rally Benefits From US Buyers – Coinbase Premium Gap Reveals Strong Demand
Bitcoin has surged past the $99,800 mark, setting another all-time high as it inches closer to the psychological $100,000 milestone. Despite briefly testing the level, BTC has yet to break through, leaving investors and analysts eagerly anticipating the next move. With demand remaining robust, the stage appears set for Bitcoin to push past this key…