Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch
The Bitcoin price put in one of its strongest performances in recent times over the past week, rallying to above the $88,000 level early on. However, the premier cryptocurrency experienced a steep correction on Friday, March 28, following the latest February core inflation data. With the price of BTC now hovering beneath $84,000, panic seems…
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…
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…
Ethereum Cost Basis Data Signals Strong Support At $1,886 – Details
The Ethereum (ETH) market has experienced some recent good fortunes rising by over 5% in the past 24 hours. Despite this price gain, the prominent altcoin remains in a downtrend as indicated by its 11.17% loss in the past week. However, prominent analytics platform Glassnode has discovered an important price level that could offer some short-term…
Glassnode Reveals Where Bitcoin Could Find Support If Current Level Breaks Down
The on-chain analytics firm Glassnode has revealed where the next Bitcoin support level could be based on different pricing models. Bitcoin Is Currently Retesting 1-Year MVRV Z-Score Mean In a new post on X, the on-chain analytics firm Glassnode has discussed about how BTC has been looking on a couple of pricing models recently. The…
Bitcoin Profit-Taking Drops 93% From December Peak – What’s Next For BTC?
After testing the low $90,000 price level multiple times over the past two months, Bitcoin (BTC) briefly broke out of its tight trading range earlier this week, reaching a new all-time high (ATH) of $108,786. However, a recent report by Glassnode suggests that the sustained consolidation observed in recent months may be nearing its end,…
Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price?
The Bitcoin market experienced a modest recovery over the past week following the 15.7% correction in the latter half of December 2024. Amidst this recent price gain, developments from the short-term holders (STH) activity have revealed significant indications for Bitcoin in the coming days. Bitcoin STH MVRV At 1.1 With More Room To Run According…
Solana MVRV Signals More Gains Ahead Amid Market Downturn: Analysts
Amid a crypto market mayhem over the past week, Solana (SOL) has suffered significant losses to the tune of 17.13%,. according to data from CoinMarketCap. This decline adds to the token’s steep price movement after it reached a new all-time high of $263.83 following the US Presidential elections in November. However, with the crypto bull…
Solana Struggles Against Bitcoin & Ethereum: Glassnode Explains Why
The on-chain analytics firm Glassnode has revealed the reason why Solana (SOL) has recently been lagging behind Bitcoin (BTC) and Ethereum (ETH). Solana Realized Cap Growth Has Slowed Down Recently In a new post on X, Glassnode has discussed about how the recent performance of Solana has stacked up against the two largest coins in…
Solana Investors Stay Firm As Selling Pressure Eases – Details
Solana (SOL) has been in the news over the last few weeks, albeit for different reasons. The popular altcoin was one of the many benefactors of a Donald Trump presidential victory, rising by 67.69% in three weeks after November 5 to reach a new-all time of $263. However, this price surge has been followed by…