Bitcoin (BTC) liquidity is drying up fast, as the metric recently hit a seven-year low, reaching around 3.12 million BTC, the lowest level since 2018. This occurred as BTC continued to trade below the 99-day Moving Average (MA), located around $112,086. Bitcoin Liquidity Dries Up Amid High Demand According to a CryptoQuant Quicktake post by…
Tag: on-chain analysis
Analyst Says 55% Chance Bitcoin Bull Run Isn’t Over Yet – Here’s Why
While Bitcoin (BTC) has declined more than 13% from its fresh all-time high (ATH) of $126,199 recorded earlier this month on October 6, CryptoQuant contributor PelinayPA is confident that there is a 55% chance that the BTC top for this market cycle is not in yet. Bitcoin Top Not In Yet – More Upside Ahead?…
Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price?
Following a slight slump yesterday from its recent highs, Bitcoin (BTC) is now trading in the low $120,000 range. Meanwhile, BTC’s miner correlation has undergone a significant shift over the past few months, indicating a clear change in market dynamics between miner behavior and price direction. Bitcoin Miner Correlation Turns Negative According to a CryptoQuant…
Bitcoin Whales Are Back: Three Indicators Suggest A Run Toward $130,000
As Bitcoin (BTC) takes a brief breather after creating a new all-time high (ATH) above $125,000, on-chain data shows that three key indicators played a major role in the digital asset’s latest rally to new highs. These Three Indicators Suggest More Room For Bitcoin According to a CryptoQuant Quicktake post by contributor Arab Chain, fresh…
Bitcoin Defends $108,000 Support Amid Whale Selling In September – Bullish October Ahead?
Bitcoin (BTC) showed resilience over the last weekend as it defended the crucial $108,000 support level amid heightened whale selling on leading crypto exchanges around the world, including Binance. Bitcoin Survives September Whale Selling Pressure According to a CryptoQuant Quicktake post by contributor Arab Chain, September was marked by clear fluctuations between Bitcoin’s attempts to…
Bitcoin Momentum Indicator: Why 600,000 Transactions Threshold Matters Most
As Bitcoin (BTC) continues to trade in the low $110,000 range, a key on-chain indicator has flipped bullish, show signs of an upcoming price rally that could propel the top digital asset to new all-time highs (ATH) in the near term. Bitcoin’s 600,000 Transactions Threshold Takes Center Stage According to a CryptoQuant Quicktake post by…
Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,000 Test
Earlier this week, the US Federal Reserve (Fed) cut interest rates by 25 basis points, providing the much-required impetus to the economy after a cycle of raising interest rates to keep inflation under check. A cut in interest rates is likely to benefit risk-on assets, including Bitcoin (BTC). Fed Cuts Interest Rate, Bitcoin Supply Ratio…
Bitcoin Falls Below $115,000 As Binance Buying Power Ratio Collapses
Earlier today, Bitcoin (BTC) slipped below $115,000 for the first time since August 6, raising concerns that the cryptocurrency’s bullish momentum may be fading. Against this backdrop, the Binance Buying Power Ratio suggests that demand for BTC could be weakening, potentially setting the stage for a deeper price correction. Binance Buying Power Ratio Raises Alarms…
Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction
After failing to decisively break above the $120,000 level in mid-July, Bitcoin (BTC) could face further price corrections as whales continue to increase BTC inflows to the Binance crypto exchange. Is Bitcoin Losing Its Bullish Momentum? According to a recent CryptoQuant Quicktake post by contributor Arab Chain, fresh data from the Binance Whale-to-Exchange Flow indicator…
Bitcoin Rally Signal? Analyst Links Binance Spot Volume Surges To Price Upswings
Bitcoin (BTC) may be on the cusp of another rally, as leading cryptocurrency exchange Binance saw its spot volume rise from around 40% on July 15 to as high as 60% on July 18. Historical data suggests that surges in Binance’s spot market share have frequently preceded upward movements in BTC’s price. Bitcoin Rally Imminent?…