On-chain data shows the Bitcoin investors are now carrying 121% profits on average. Here’s whether this has been enough for a top in the past. Bitcoin Profitability Index Is Currently Sitting Around 221% In a new Average Profitability Index” is an indicator for BTC that compares the asset’s spot value with its realized price. The…
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Bitcoin Bullish: Trader Profit-Taking Stays Low Despite $71,000 Break
On-chain data shows the Bitcoin short-term holders have only been taking minimal profits recently despite the asset’s latest rally. Bitcoin Short-Term Holder SOPR Is Currently At Relatively Low Levels As pointed out by an analyst in a CryptoQuant Quicktake post, the short-term holder SOPR is still under the range that has signaled overheated conditions for…
Bitcoin Profitability Index Hits 202%: Is This Enough For A Top?
On-chain data shows the Bitcoin Profitability Index is at 202% right now. Here’s how this compares with past bull runs of the asset. Bitcoin Average Profitability Index Has Been Rising Recently In a new post on X, CryptoQuant author Axel Adler Jr. discussed the latest trend in the Average Profitability Index of Bitcoin. The “Average…
Bitcoin Whale Transfers See Massive Spike: Sign Of Profit-Taking?
On-chain data shows the Bitcoin whale transactions have spiked following the latest rally, a sign that profit-taking may have begun. Bitcoin Whale Transaction Count Now Highest In Over 10 Weeks According to data from the on-chain analytics firm Whale Transaction Count,” which keeps track of the total amount of transfers taking place on the BTC…