Bitcoin Slips Below STH Cost Basis – Why This Could Be A Buy Signal?
Bitcoin price has continued to hover in the range of $106,000-$108,000 over the last 24 hours. The premier cryptocurrency is presently displaying some stability following another volatile trading week, which produced a 3.41% price loss. Notably, Bitcoin’s movement amid this corrective phase has triggered an interesting on-chain signal with bullish implications. Bitcoin Short-Term Holders Go…
Bitcoin Capitulation Intensifies As STHs Lose $750 Million Daily — Time To Buy The Dip?
The price performance of Bitcoin over the past two weeks has been a major source of concern, as the coin’s value continues to drift away (about 15% down now) from its all-time high. As the flagship cryptocurrency slows down, the latest on-chain data suggests that a group of investors is exiting the market en masse.…
Bitcoin STH Whale Profits Hit $10.1 Billion, Highest For The Cycle
On-chain data shows the Bitcoin short-term holder whales are sitting on their highest unrealized gain of the cycle after the latest rally. Bitcoin Short-Term Holder Whales Are Carrying $10.1 Billion In Profits As pointed out by CryptoQuant community analyst Maartunn in a new short-term holders (STHs) broadly refer to the BTC investors who purchased the…
Bitcoin Finds Support At Short-Term Holder Cost Basis, But For How Long?
Bitcoin has seen a rebound since retesting the short-term holder Realized Price, a sign that this historical on-chain support may be holding. Bitcoin Short-Term Holder Realized Price Just Acted As Support As explained by CryptoQuant author IT Tech in an X Realized Price” here refers to an on-chain indicator that measures the cost basis of…
Bitcoin Risks Deeper Losses If $107,800 Line Fails To Hold – Details
Since reaching a new all-time high of $124,427 on August 14, Bitcoin has entered a prolonged corrective phase, losing 12.18% of its value over the last two weeks. With market prices now moving within the $109,000 range, market analyst Yonsei_dent has identified a pivotal support level to the present bullish market structure. Bitcoin’s $107,800 Line…
Bitcoin Keeps Slipping Down: Is $107,000 The Next Support?
On-chain data shows Bitcoin is fast approaching the cost basis of the short-term holders, a retest of which could potentially change the asset’s course. Bitcoin Is Nearing The Short-Term Holder Realized Price As pointed out by CryptoQuant author Axel Adler Jr in a new Realized Price here refers to an on-chain indicator that measures the…
Bitcoin Next Crucial Test Lies At $127,000 — Breakout Eyes $144,000 Mark
Bitcoin is trading in the $117,000 price region following a rather eventful week, which allowed investors to experience both sides of the market volatility. Notably, the premier cryptocurrency established a new all-time high at $124,457 before experiencing a sharp crash to below $118,000 driven by recent US PPI data. As enthusiasts await the asset’s next…
Bitcoin Short-Term Holders Are Capitulating—Will June Pattern Repeat?
On-chain data shows that the Bitcoin short-term holders have switched to loss-taking recently. Here’s what this could mean for the asset. Bitcoin Short-Term Holder SOPR Has Dropped Below 1.0 In a new Spent Output Profit Ratio (SOPR), which tells us about whether the BTC investors are selling/moving their coins at a profit or loss. When…
Bitcoin STHs Capitulate: 14,700 BTC Moved To Exchanges At Loss
As volatility engulfs the cryptocurrency market amid war tensions, on-chain data shows that the Bitcoin short-term holders are selling at a loss. Bitcoin Short-Term Holders Just Made Large Exchange Inflows At A Loss In a new post on X, CryptoQuant author Axel Adler Jr has talked about how the Bitcoin short-term holders have reacted to…
Bitcoin Diamond Hands Are Buying Again, Here’s Why It’s Bullish For The Market
Bitcoin has spent the last five days trading within a relatively narrow range between $106,229 and $111,807, following its recent all-time high of $111,814. Despite the increase in selling pressure from miners after the all-time high, the price of Bitcoin has managed to hold above $108,000, with on-chain data showing Bitcoin diamond hands absorbing all…