Ethereum Stays Steady Above Realized Value – Can Fresh Liquidity Fuel The Next Breakout?
Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to trade slightly below the psychologically important $4,000 price level, following the brutal drawdown on October 9, which saw the digital currency test the support at around $3,435. Ethereum Stays Above Realized Price – Bullish Momentum Soon? According to a CryptoQuant Quicktake post by contributor TeddyVision,…
Analyst Says 55% Chance Bitcoin Bull Run Isn’t Over Yet – Here’s Why
While Bitcoin (BTC) has declined more than 13% from its fresh all-time high (ATH) of $126,199 recorded earlier this month on October 6, CryptoQuant contributor PelinayPA is confident that there is a 55% chance that the BTC top for this market cycle is not in yet. Bitcoin Top Not In Yet – More Upside Ahead?…
Bitcoin Enters ‘Disbelief Phase’ – Could Short Sellers Face The Next Squeeze?
After the massive crash on October 10 – which saw Bitcoin (BTC) touch $102,000 before recovering some losses – some analysts now predict that the top cryptocurrency may be on the verge of another bullish rally as it enters the ‘disbelief phase.’ Bitcoin In Disbelief Phase – Trouble For Bears? According to a CryptoQuant Quicktake…
Bitcoin Exchange Inflows Shrink Amid $125,000 Rally – More Upside Ahead?
As Bitcoin (BTC) hit a new all-time high (ATH) of $125,708 on Binance yesterday, BTC exchange inflows are starting to show signs of slowing down. As a result, crypto analysts are confident that the top cryptocurrency by market cap may be on the cusp of a healthy rally. Bitcoin Exchange Inflows Slump Amid New ATH…
Bitcoin Sharpe-Like Ratio Shows Market In Wait-and-See Mode At $119,000
As Bitcoin (BTC) steadily makes its way toward its current all-time high (ATH) of $124,128, optimism seems to be returning to the market. However, fresh data from Binance shows that BTC’s gains barely outweigh the risks posed by the digital asset’s volatility. Bitcoin Maintaining A Risk-Reward Balance According to a CryptoQuant Quicktake post by contributor…
Bitcoin Weak-Hand Selling Slows: STH-SOPR Reset Hints At Potential Rally Setup
Bitcoin (BTC) witnessed a slight surge earlier today, climbing from $113,000 to around $117,000 at the time of writing, in contrast to expectations of several crypto analysts who were predicting a decline in risk-on assets due to the US government shutdown. Bitcoin Rises Despite US Government Shutdown The US federal government shut down at midnight…
Ethereum Supply On Exchanges Shrinks: Multi-Year Lows Signal Bullish Setup
As Ethereum (ETH) fell below $4,000 for the first time since August 8, amid a market-wide pullback, the exchange reserves of the cryptocurrency also recorded a sharp decline. Notably, leading crypto exchanges like Binance and Coinbase Advanced witnessed a sharp increase in ETH outflows. Ethereum Reserves On Binance, Coinbase Advanced Dwindle According to a CryptoQuant…
Bitcoin Market Sees Over 73,000 BTC Influx Into Wallets Younger Than 1 Month – Is A Rally Near?
As Bitcoin (BTC) continues to trade in the low $110,000 range, on-chain data shows that a fresh wave of demand has entered the market. Notably, the Net Position Change (NPC) of the youngest cohort of BTC holders has re-entered positive territory, raising hopes for the cryptocurrency to gain bullish momentum. Bitcoin NPC Back In Positive…
Bitcoin Faces Bearish Pressure As Exchange Inflows Stay Elevated – Will BTC Lose $112,000 Support?
According to data from Coinglass, the crypto market saw liquidations worth more than $1.6 billion over the past 24 hours, with the majority of them being long positions. Elevated exchange inflows threaten to crash Bitcoin (BTC) further below the important support level at $112,000. Bitcoin Tumbles, Will It Lose $112,000? Bitcoin fell from around $116,000…
Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,000 Test
Earlier this week, the US Federal Reserve (Fed) cut interest rates by 25 basis points, providing the much-required impetus to the economy after a cycle of raising interest rates to keep inflation under check. A cut in interest rates is likely to benefit risk-on assets, including Bitcoin (BTC). Fed Cuts Interest Rate, Bitcoin Supply Ratio…