This Bitcoin Bear Confirmation Is Yet To Appear, Glassnode Reveals

The on-chain analytics firm Glassnode has revealed in a report how this historical bear market confirmation is yet to appear for Bitcoin in the current cycle. Bitcoin Unrealized Loss Hasn’t Spiked For Long-Term Holders Yet In its latest weekly report, Unrealized Loss” is an on-chain indicator that measures the total amount of loss that the…

XRP Price Pulls Back: Healthy Correction or Start of a Fresh Downtrend?

XRP price started a fresh increase above the $2.20 resistance. The price is now correcting gains and might find bids near the $2.050 zone. XRP price started a downside correction from the $2.250 resistance zone. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. There was a break below a connecting…

Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics

According to a CryptoQuant Quicktake post published today, Bitcoin (BTC) may still be undervalued based on several on-chain metrics. Crypto on-chain analyst BorisVest explained that data suggests bullish sentiment remains intact for the leading cryptocurrency. On-Chain Metrics Suggest Bitcoin Still Undervalued BorisVest pointed to two key on-chain metrics suggesting that BTC’s current price might be…

Bitcoin Bulls Positioning Aggressively On Binance, Data Shows

Data shows the Bitcoin Net Taker Volume has been highly positive on Binance recently, a sign that the bulls are putting up aggressive bets. Bitcoin Binance Net Taker Volume Is Currently At A Notable Positive Level As explained by CryptoQuant community analyst Maartunn in a new Net Taker Volume,” which measures the difference between the…

Why Does This Bitcoin Cycle Feel So Boring? Analyst Weighs In

On the higher time frame, Bitcoin appears to still be in a bearish market with the asset recording a 21.7% decrease away from its all-time high (ATH) above $109,000 recorded in January. However, when slightly zoomed in, it is seen that the asset is seeing a gradual and steady rebound surging 6.8% in the past…