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…
Tag: cryptoquant
Binance Records Sharp Drop In XRP Reserves — What This Means For Price
The XRP price continues to struggle amid bear pressure within the market. On Friday, XRP rose by about 5.7%, which, while positive, was only a relief to an initial 7.1% loss seen earlier during the week. Meanwhile, a recent on-chain evaluation suggests that the XRP market could soon be entering an accumulation phase that could…
Bitcoin Trapped In Bear Market Woes As Liquidity Runs Dry, Is Another Crash Coming?
Bitcoin’s price structure is showing signs of strain, and new data from CryptoQuant shows that fresh capital is no longer entering the market. Instead of the recent drawdown acting as an attraction for buyers, it appears to be triggering withdrawals. This change in liquidity behavior is important, as it indicates that Bitcoin may be transitioning…
Bitcoin Sharpe Ratio Sinks To Historical Lows — Accumulation Next?
Since reaching its current all-time-high price of $126,000 in October last year, the Bitcoin market has been on a sell-off, translating into surmounting bear pressure. As a result, the flagship cryptocurrency has maintained a steady decline, falling until it recently reached $60,000 — a deviation of more than 52% from its all-time high. Bitcoin currently…
Coinbase Premium Turns Positive Since Mid-January As Bitcoin Sees Price Relief
Amid a recent Bitcoin price rebound, Coinbase Premium data shows that American investors are renewing their bullish interest. Notably, the latest price relief only closes a negatively volatile trading week in which Bitcoin experienced a free price fall, as 30% loss pushed prices to around $60,000. This market plunge by the premier cryptocurrency has been…
Bitcoin Air Pocket Presents Potential Fall To $73,000 – Details
Bitcoin bearish sentiments continue to dominate the market, after prices fell below the key $80,000 on January 31, resulting in a new wave of market liquidations. Interestingly, a pseudonymous analyst with the username CryptoMe has identified an “air pocket” in the present price structure, which potentially points to the downside target of this recent price…
Ethereum Open Interest Declines Across Exchanges, Binance Stands Out — Details
For most of the week, the Ethereum price has remained in a range-bound spell, putting in no significant movement outside of the $3,000 and $2,880 price boundaries. Amid rising speculations, an on-chain analysis has recently been put out, which provides an answer to the question. Open Interest Across Exchanges Falls To $17 Billion In their…
Ethereum Futures Volume Hits Highest Level On Binance Since Mid-December — Details
Over the week, Ethereum struggled to sustain any significant move to the upside. Although the second-largest cryptocurrency reclaimed the $3,300 price level, it could not break above $3,400 to continue its path towards higher price levels. As it stands, it appears that the Ether token is taking on a short-term bearish structure. However, an on-chain…
Bitcoin Records Large Exchange Inflows As Price Climbs — What Next For BTC?
Bitcoin recently failed to overcome the $97,000 resistance following its price surge seen in mid-January. At the moment, the leading cryptocurrency has taken on a state of inertia, with no significant movement in either direction seen. However, an investigation of on-chain dynamics has recently revealed that trouble might be looming for the flagship cryptocurrency. Sudden…
Bitcoin STH SOPR Rises Above 1 — A Trend Reversal Signal?
Bitcoin continues to hover within the $90,000 price range, producing no significant price movement in the last 24 hours. Meanwhile, a subtle on-chain development is indicating a potential change in market trend. STH SOPR Above 1 — Bullish Rebound Or Fakeout? The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) is a key on-chain metric that…