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…
Bitcoin Short-Term Holders Back In Green As Price Breaks $94,000
On-chain data shows the Bitcoin price has reclaimed the cost basis of the short-term holders, a level that has historically been psychologically important. Bitcoin Is Now Back Above The Short-Term Holder Realized Price In a new Realized Price” here refers to an indicator that keeps track of the cost basis or acquisition level of the average…
Bitcoin Faces Critical Resistance At $91,000 As Short-Term Holders Hover At Break-Even
Bitcoin prices gained by only 0.95% in the past week amidst an intense market consolidation. The premier cryptocurrency is struggling to break out of the $85,000-$86,000 price range following an impressive price rally in the second week of April. However, popular crypto analyst Ali Martinez has identified the major price resistance for the current Bitcoin…
Bitcoin Once Again Arrives At This Bear-Bull Boundary—Will A Break Happen?
On-chain data shows a Bitcoin indicator is currently retesting a level that has historically acted as a boundary line between bearish and bullish momentum. Bitcoin Short-Term Holder SOPR Is Retesting 1.0 Right Now In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in the BTC Spent Output…