Bitcoin Open Interest Falls To $37 Billion—Does This Spell Trouble For BTC?
Open interest in Bitcoin trading is a crucial metric to assess the market’s current sentiment on the digital asset, including potential price movements. In theory, an increase in Bitcoin’s open interest suggests liquidity, which can also support an ongoing price trend. According to the latest Glassnode data, Bitcoin’s OI has dipped from $57 billion to…
CMT-Certified Expert Explains Why Bitcoin May Not Reach Past Extremes On Indicators
A crypto market technician is debating whether Bitcoin has reached its peak this bull cycle, as Relative Strength Index (RSI) which failed to reach past extremes, raising concerns about Bitcoin’s future trajectory. Bitcoin Indicators Fall Short Of Historical Peaks Bitcoin has historically exhibited strong indicator readings during major cycle tops, reflecting extreme market engagement and…
This Bitcoin Correction Is Different From March 2024—Here’s Why
An analyst has explained how this Bitcoin correction phase may be different from the 2024 one, based on the data of this on-chain metric. Stablecoin Supply Is Displaying A Different Pattern In This Bitcoin Downturn In a CryptoQuant Quicktake Stablecoins” are cryptocurrencies that track the price of a fiat currency, with USD being by far…
Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains
In an X post published yesterday, seasoned crypto analyst Ali Martinez highlighted that, based on price band analysis, Bitcoin (BTC) could surge to $112,000 if it breaks and holds above a key level. Analyst Outlines Key Bitcoin Level Following a slight uptick after the US Federal Reserve’s (Fed) announcement to slow the pace of its…
1 Million Bitcoin In New Whale Hands—A Mega BTC Rally On The Horizon?
The latest wave of wealthy Bitcoin investors are enamored with the cryptocurrency. Since late November, they have been amassing more than a million Bitcoins between them. They took another 200,000 coins just last month. According to research from CryptoQuant, these are not your normal long-term investors. The majority of these “new whales”—who each have at…
Bitcoin ‘Probably’ Hit Its Bottom At $77,000, Arthur Hayes Says
According to a recent X post by crypto entrepreneur Arthur Hayes, Bitcoin (BTC) probably hit its bottom during the plunge to $77,000 on March 10. However, Hayes cautioned that while BTC may have bottomed, stock markets could face more pain ahead. BTC Bottomed At $77,000? Hayes Thinks So Former BitMEX CEO Arthur Hayes recently took…
Bitcoin Surges Past $85,000 as Analysts Spot Key Bullish Signals
Bitcoin’s price has been regaining momentum after a recent weeks of decline, climbing back above $85,000. This marks a 2.7% increase in the past week, slowly recovering from previous losses. While the broader market remains cautious, investors appear to now be closely monitoring whether BTC can sustain its upward trend or if further corrections are…
Bitcoin’s Road To $1 Million: Expect A ‘Dip Then Rip,’ Bitwise CIO Says
The road ahead for Bitcoin looks promising. At least, this is the prediction of Bitwise Chief Investment Officer Matt Hougan. According to the CIO, Bitcoin still has a big chance to hit $1 million by 2029 — despite its recent lackluster performance. In a March 18 investor note, Hougan explained how Bitcoin responds to economic…
Bitcoin Transfer Count Lowest Since 2023—Is This Bearish?
On-chain data shows the Bitcoin transaction count has plunged to the lowest level since October 2023. Here’s what this could mean for BTC’s price. Bitcoin Transactions Have Seen A Significant Slowdown Recently As pointed out by CryptoQuant author IT Tech in a new Number of Transactions” from the market intelligence platform IntoTheBlock, which measures, as…
Bitcoin Long-Term Holder Net Position Turns Green For The First Time In 2025
Bitcoin’s long-term holders have resumed accumulation in what is a notable shift in investor sentiment despite the turbulence that has gripped the market in recent weeks. Particularly, data from on-chain analytics platform Glassnode shows that the “BTC: Long-term holder net position change” metric has flipped positive for the first time this year. This suggests that…