Bitcoin (BTC) remains under pressure after failing to recover momentum following its recent record high above $124,000. At the time of writing, the asset is trading at $112,0474, reflecting a decline of 7.5% in the past two weeks. The latest movements come as analysts examine on-chain metrics to assess whether the current slowdown represents a…
Tag: BTCUSDT
Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals
On-chain data from Santiment shows both Bitcoin and Ethereum whale address counts grew in August, signaling steady accumulation. Bitcoin & Ethereum Whales Have Seen Their Counts Go Up Recently In a new whale populations have shifted on the Ethereum and Bitcoin blockchains recently. Whales refer to the key stakeholders of a cryptocurrency who hold amounts…
New Hedge Fund Falconedge To Devote Nearly 100% Of IPO Funds For A Bitcoin Treasury
Falconedge, a newly established hedge fund advisory firm that emerged from Falcon Investment Management, has revealed a new strategy among publicly traded companies: to allocate nearly all of the proceeds from its upcoming initial public offering (IPO) to building a Bitcoin (BTC) treasury. Bitcoin-Focused IPO Strategy On Wednesday, the firm’s announcement disclosed that Falconedge’s leadership…
Bitcoin Normalized Address Activity Drops To 30%: Selling Pressure Eases
Bitcoin is trading at a critical level after successfully holding above $110,000 as support, but market sentiment remains on edge. The recent defense of this zone has given bulls a temporary cushion, yet selling pressure is mounting as volatility continues to drive uncertainty. Some analysts warn that further declines may follow if buyers fail to…
Bitcoin Selloff: $2.2 Billion In BTC Floods Exchanges
On-chain data shows exchanges have received heavy Bitcoin inflows over the last couple of weeks, a potential factor behind the asset’s bearish action. Bitcoin Supply On Exchanges Has Been Trending Up Recently In a new Supply on Exchanges” here is an on-chain indicator from the analytics firm Santiment that keeps track of the total amount…
Bitcoin Faces Pressure as Taker Ratio Hits Lowest Level Since Last Cycle’s Peak
Bitcoin (BTC) continues to show signs of weakness after recently setting a new all-time high earlier this month. As of today, the cryptocurrency is trading at $110,595, reflecting a 4.2% decline over the past week and an 11% drop from its peak of $124,000. The correction highlights an ongoing struggle for momentum even as broader…
Bitcoin Dives As On-Chain Data Shows Every Cohort Now Selling
On-chain data shows all Bitcoin investor cohorts have pivoted to distribution recently, an indication that a shift in market mood has occurred. Bitcoin Accumulation Trend Score Has Turned Red For All Holders In a new Accumulation Trend Score of Bitcoin for the various investor cohorts. The Accumulation Trend Score measures, as its name suggests, the…
What’s Next For Bitcoin? Key Developments After Falling To $112,000
The market’s leading cryptocurrency, Bitcoin (BTC), has recently attempted to stabilize around $112,000 after experiencing a sharp decline to $110,000 on Sunday, meaning a 10% drop from all-time high (ATH) levels. Ahead of the Federal Reserve’s (Fed) September meeting, market expert Doctor Profit highlighted on X (formerly Twitter) the upcoming implications and the most important…
Bitcoin Price Declines Further, Can Buyers Prevent Another Sharp Drop?
Bitcoin price is attempting to recover from $110,650. BTC is back above $112,200 but faces many hurdles on the way up to $115,000. Bitcoin started a recovery wave above the $112,000 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance…
When Will Bitcoin Bottom Out? This Could Be The Signal To Watch
On-chain analytics firm Glassnode has revealed how the Bitcoin price often forms local bottoms when this holder group shows capitulation. Bitcoin STHs Are Currently Participating In Mild Loss Realization In a new post on X, Glassnode has talked about how short-term price action is often dictated by the top buyers’ reaction to post-ATH drawdowns. As…