The role of Bitcoin long-term holders (LTHs) has again come under the microscope of analysts as the asset currently faces a 4.5% correction from its all-time high (ATH) above $100,000 created on Thursday. These holders, defined as those who retain their Bitcoin for over 155 days, are known to influence market movements through their accumulation…
Tag: cryptoquant
Is Bitcoin’s $100K Just the Beginning? Key Insights from Supply Distribution Data
Bitcoin has reached a landmark moment in its history earlier today, crossing the $100,000 price mark for the first time and cementing its position once again as the largest cryptocurrency by market capitalization. As it stands, BTC all-time high is at roughly $103,679. This significant achievement has prompted a detailed analysis of its supply distribution,…
As Bitcoin Trades Above $100K—Analysts Reveal What Could Be Next
Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. On Thursday, the cryptocurrency reached a new all-time high of $103,679, marking a year-to-date surge of over 140% and pushing its market capitalization above $2 trillion. This achievement has reignited enthusiasm within the investor community, solidifying Bitcoin’s position…
Bitcoin’s Next Move? Coinbase Premium Suggests a Short-Term Rally May Be Brewing
According to recent insights, Bitcoin (BTC) seems to be on the verge of another rally, which suggests the potential for short-term upward momentum. At the heart of this discussion is the Coinbase Premium Index, a critical indicator analyzed in one hour by CryptoQuant analyst Yonsei Dent. This metric and specific moving average trends have highlighted conditions…
Retail Demand Surges for Bitcoin: The Journey Towards $100K and Beyond Begins?
Bitcoin has once again captured the spotlight as retail demand surges to levels not seen since 2020. CryptoQuant analyst Darkfost recently analyzed this development in a report titled “Bitcoin retails Investor demand is surging” According to the analyst, the 30-day change in retail investor demand has reached its highest point in years, indicating a renewed…
Bitcoin’s Silent Whales: Rising Exchange Inflows Hint at Market’s Next Big Move
Bitcoin has experienced notable whale activity since the conclusion of the US election on November 5, with an increase in the volume of Bitcoin transferred to exchanges by active whale addresses. However, contrary to what one might expect, there hasn’t been a significant surge in profit-taking activity among these large holders, a CryptoQuant analyst named…
CryptoQuant CEO Warns Not To Short XRP Due To Insider Whale Activity
XRP has experienced an extraordinary surge in recent weeks, with its price skyrocketing by 380% over the past 23 days. In just the last four days, the price jumped 75%, reaching a peak of $2.87 on December 2. This rapid ascent appears to be fueled by significant buying activity from large investors, commonly known as…
Data Shows Selling Pressure Mounts On Bitcoin: Is The Bull Run at Risk?
Despite Bitcoin maintaining investor confidence by holding above critical psychological levels like $90,000, the asset faces notable shift in market sentiment. A CryptoQuant analyst, G a a h, recently shared gauge the market’s behaviour. Bitcoin Faces Increased Selling Pressure According to the analyst, the buy and sell taker ratio metric has reached levels comparable to…
Bitcoin Flows To Binance Hit Historic Lows—Is Market Confidence Soaring?
The Bitcoin market continues to sees major shift, with recent data showing significant changes in trader behaviour. A CryptoQuant analyst, Joao Wedson, has recently highlighted an important trend concerning Bitcoin (BTC) flows between exchanges. Specifically, Bitcoin transfers from other exchanges to Binance have reached historic lows. This shift, as seen in the Exchange to Exchange…
Ethereum Breaks Resistance Levels, Analyst Predicts Room For More Growth
Ethereum is finally seeing a notable rebound in its price as the second-largest cryptocurrency by market capitalization, which continues to break through significant resistance levels. Following its upward trajectory, seeing a nearly 10% increase in the past week, discussions about Ethereum potentially reaching a new all-time high by the year’s end have gained momentum. Notably, aligning with the ongoing…