Expansion of short-term BTC holders suggests ‘final flush’ of sellers
Short-term holders expanding their BTC holdings indicates that heavy sell-offs have taken place.
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Bitcoin network activity decline suggests longer bear market: Glassnode
Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases.
‘Extreme demand’ for BTC at $20K creating new support levels: Glassnode
The latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover.
Bitcoin hodling activity resembles previous market bottoms: Glassnode
Bitcoin’s price had just topped $21,000 at the time of writing — meaning around 45% of BTC holders have an “on-paper loss,” according to Glassnode.
Capitulation ongoing but markets not at the bottom yet: Glassnode
While many indicators suggest that the market bottom may be close, time will be the ultimate determinant, according to a new report from Glassnode.
Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide
Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been…
Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode
Active addresses, entities, and transactions on the Bitcoin network are all moving sideways while the number of wallets holding at least some of the assets continues to reach new highs.
Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’
The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth…
Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic
Bitcoin’s derivatives metrics reflect slight improvements since the $17,600 low, but whales and market makers continue to price higher risk of another breakdown.
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The…