Tag Archives: bitcoin miners

Bitcoin Miner Selloff Is Calming Down: Green Sign For Rally To Continue?

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On-chain data shows the Bitcoin miner exchange inflows have been dropping recently, a sign that may be bullish for the asset’s price. Bitcoin Miner Exchange Inflow Has Been Declining Recently As explained by CryptoQuant author Axel Adler Jr in a newExchange inflows” here naturally refer to transactions heading to wallets attached to centralized exchanges from… Continue reading Bitcoin Miner Selloff Is Calming Down: Green Sign For Rally To Continue?→

Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory

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On-chain data shows the Bitcoin Puell Multiple has recently declined into the historical bottom zone as BTC’s continued consolidation. Bitcoin Puell Multiple Is Now Under The 0.4 Level As an analyst in a CryptoQuant Quicktake Puell Multiple” here refers to a popular on-chain indicator that keeps track of the ratio between the daily Bitcoin miner revenue and… Continue reading Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory→

Bitcoin Analyst: 4 Crucial Support Levels To Watch If BTC Falls

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Bitcoin is trending lower when writing, cooling off after the encouraging leg up on August 23. Although the uptrend remains, and the coin is not far away from $63,000, there is no discounting the possibility of sellers pressing on. The alignment with the dip of early August could trigger another wave of liquidation, causing panic.… Continue reading Bitcoin Analyst: 4 Crucial Support Levels To Watch If BTC Falls→

Bitcoin Traders Cautious Despite Massive Stablecoin Inflow: What’s Next For BTC?

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Bitcoin buyers might be upbeat after the uptick on August 8. While traders are waiting for a conclusive close above $63,000, confirming bulls of the second half of last week, on-chain data points to risk and traders staying on the sidelines. Traders Cautious: Will The Bitcoin Consolidation Continue? Taking to X, one on-chain analyst said.… Continue reading Bitcoin Traders Cautious Despite Massive Stablecoin Inflow: What’s Next For BTC?→

Bitcoin’s Latest Casualty: Miner Reserves Plunge to 3-Year Low, What’s Next For BTC?

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Amid Bitcoin (BTC) continuous struggle for a major rally to new heights, miners powering the Bitcoin network are experiencing significant economic shifts. Particularly, recent data shows a stark reduction in Bitcoin reserves held by miners, signaling potential shifts in market stance or miner strategies. Bitcoin Miner Reserves: A Plunge To 3-Year Low Following the latest… Continue reading Bitcoin’s Latest Casualty: Miner Reserves Plunge to 3-Year Low, What’s Next For BTC?→

Is Bitcoin In A Bear Market Now? Here’s What On-Chain Data Suggests

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Bitcoin has gone through a major crash recently, but has the asset yet breached the historical bear market boundary? Here’s what on-chain data says. Bitcoin Is Currently Under Realized Price Of New Whales In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed what the Realized Price of different key… Continue reading Is Bitcoin In A Bear Market Now? Here’s What On-Chain Data Suggests→

Bitcoin Hashrate Nears Record Levels Amidst Price Decline – Details

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According to data from CoinMarketCap, the price of Bitcoin (BTC) has taken a nosedive this week falling by 9.03% to trade below the $62,000 price mark. This negative price action brings the asset’s net gain over the last month to a mere 0.20%, indicating a period equally influenced by both buyers and sellers. As Bitcoin now… Continue reading Bitcoin Hashrate Nears Record Levels Amidst Price Decline – Details→

Bitcoin Miner Capitulation Comes To An End – Time To Buy BTC?

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Indeed, the Bitcoin price has been on a hot streak in recent weeks, returning to its past heights most investors have become accustomed to. However, the past week was a somewhat quiet one for the premier cryptocurrency, as it was for most of the digital asset market. Interestingly, the latest on-chain insights suggest that the… Continue reading Bitcoin Miner Capitulation Comes To An End – Time To Buy BTC?→

Binance Bought A Whooping 41,000 BTC During The Dip: Did They Save The Bitcoin Market?

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Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness. This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation… Continue reading Binance Bought A Whooping 41,000 BTC During The Dip: Did They Save The Bitcoin Market?→

Bitcoin Nears Bottom? QCP Analysts Spot Signs of Capitulation as Prices Tumble Below $59K

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Recent trading patterns have led QCP Capital, a prominent trading firm, to highlight potential signs of a market bottom in the crypto market. Bitcoin, the leading digital currency, recently dipped below $58,000, causing analysts to focus on the behavior of miners and their possible capitulation. Such capitulation could indicate a market bottom, similar to past… Continue reading Bitcoin Nears Bottom? QCP Analysts Spot Signs of Capitulation as Prices Tumble Below $59K→