Bitcoin Needs Deeper Liquidity Before A Real Recovery Takes Shape: Analysts
Bulls kept a collapse from happening this week when Bitcoin found buying interest above the mid-$80,000s. Prices bounced off a key range, and that breathing room has traders watching the market’s plumbing — not just the headline price. Reports note that the path to a lasting recovery is likely to go through improved liquidity, with…
Can Bitcoin Revisit $97,600? Glassnode Says Watch This
Bitcoin’s push to $97,600 last week drew a burst of bullish options activity, but Glassnode argues the derivatives tape looked more like short-dated positioning than broad-based conviction. In a Jan. 23 thread, the on-chain analytics firm pointed to a split between front-end call demand and longer-dated risk pricing that stayed anchored in downside protection. “Let’s…
Bitcoin Bottoming Phase Was Driven By Large Entities, Glassnode Data Shows
On-chain analytics firm Glassnode has pointed out how large entities drove Bitcoin accumulation during the November-December bottoming phase. Large Entities Accumulated BTC, While Smaller Investors Sold In a new post on X, Glassnode has talked about the recent Bitcoin investor behavior. “During the November–December bottoming phase, supply accumulation was primarily driven by larger entities, while…
Bitcoin Top Is Not In At $126,000, According To The Business Cycle, Here’s Why
Crypto expert Plan C has alluded to the business cycle to explain why the Bitcoin top isn’t in despite the flagship crypto’s run to $126,000 last year. This comes as BTC struggles to hold above the psychological $90,000 level, having lost most of its gains from the start of the year. Why The Bitcoin Top…
Standard Chartered Analysts Predict 330% XRP Price Surge After This Happens
Standard Chartered analysts have predicted that the XRP price could surge by around 330%. They also outlined catalysts that could spark this price surge, which would lead to a new all-time high (ATH) for the Ripple-linked token. Standard Chartered Predicts XRP Price Surge To $8 Standard Chartered’s global head of digital assets research, Ripple-SEC lawsuit. …
Bitcoin At Increased Risk Of Falling To $88,500 Support, Glassnode Warns
On-chain analytics firm Glassnode has revealed how Bitcoin could be at risk of a further drawdown after trading at a significant discount to a key cost basis level. Bitcoin Could Retest Active Realized Price Next In its latest weekly report, short-term holder (STH) Realized Price. The “Realized Price” here refers to an on-chain metric that…
Bitcoin Could Drop To $97,500 If This Key On-Chain Level Fails, Glassnode Warns
On-chain analytics firm Glassnode has explained how Bitcoin losing $108,500 could lead to a deeper correction, if the past pattern is to go by. Bitcoin Is At Risk Of Losing The 0.85 Quantile Level In its latest weekly report, analytics firm Glassnode has talked about how Bitcoin is currently looking from the perspective of the…
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 Crash Unlike LUNA & FTX Collapses, Says Glassnode: Here’s Why
On-chain analytics firm Glassnode has explained how the latest Bitcoin selloff is different from the LUNA and FTX crashes of 2022. Bitcoin Supply In Profit Trend Is Structurally Different For The Latest Crash In a new Percent Supply in Profit to make the comparison. This on-chain indicator measures, as its name suggests, the percentage of…
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…