Binance Stablecoin Outflow On Steady Rise — What This Means For The Market
The aftermath of the October 10 flash crash continues to weigh on the cryptocurrency market, with major digital assets still showing signs of strain. Recent data from an on-chain analysis sheds light on one of the underlying factors behind the market struggle. Stablecoin Netflow In Downtrend — Analyst In a recent QuickTake post on CryptoQuant,…
Bitcoin May See Selloff If $100,000 Support Fails — Here’s Why
After a short-lived display of bullish momentum, where price returned as high as about $116,000 after the tariff-induced flash crash, Bitcoin’s price has maintained a sharp downward trend in the third week of October. More shockingly, on-chain data has surfaced that paints a pessimistic yet uncertain picture of the cryptocurrency’s future. $100,000 Emerges As Key…
Investors Pile In After Bitcoin’s Decline — Here’s What It Could Mean
Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a more steady price correction. Notably, the leading cryptocurrency dipped below $105,000 on Friday as crypto liquidations rose to above $1.2 billion. However, underlying investor buying activity paints an encouraging picture of a potentially bullish rebound.…
Bitcoin Apparent Demand Turns Negative — What This Means For Price
Bitcoin prices are consolidating around $111,000 following the heavy market losses on October 10, due to a trade war between the US and China. The asset’s price is presently down by 9.45% on its weekly chart and also 12.16% away from its all-time high amidst this corrective phase. Bitcoin Logs First Negative Apparent Demand Flip…
Bitcoin Whale Activity Reflects Sustained Confidence As $163K Comes In Sight — Details
Bitcoin began October on a strong bullish note, gaining by over 12% to establish a new all-time-high price around $126,100. However, the recent days have presented a troubling amount of selling pressure, especially in the last few hours due to tariff threats from the United States’ President Donald Trump. Amidst this highly volatile environment, on-chain…
This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?
Bitcoin supply on exchanges has hit a new low for the first time in six years, providing a bullish outlook for BTC. This comes as the flagship crypto continues to hit new all-time highs (ATHs), with the $130,000 target now in sight. Bitcoin Supply On Exchanges Hit Six-Year Low Glassnode data shows that the Bitcoin…
XRP On-Chain Activity Signals Imminent Sell-Off — What’s Happening?
An alarming pattern of XRP whale activity has been noted, posing several questions about the sustainability of the cryptocurrency’s growth. Among the multiple questions currently being asked, one is more demanding of an immediate response: Is an XRP whale sell-off on its way? XRP Supply Surges Across Major Exchanges In an October 3rd post on…
Bitcoin Treasury Purchases Down Amid Record Holdings – What Does This Mean?
Bitcoin (BTC) experienced a moderate price rebound last week, rallying to around $113,000 before witnessing a minor setback. The crypto market leader now trades near the $111,000 price level and stands 10.46% away from its all-time high. Meanwhile, recent data from blockchain analytics firm CryptoQuant has highlighted an intriguing trend in the accumulating activity of…
BTC Traders Remain Far From -12% Capitulation Zone – What Does This Mean?
Bitcoin recorded a slight 1.50% price gain in the past 24 hours, with prices now hovering within the $109,000 price range, after a significant price correction from last week. While general market sentiment remains neutral, recent data from blockchain analytics firm CryptoQuant suggests the leading cryptocurrency may experience further price drops before any potential full…
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…