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Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new Paper BTC. The former of these is simply the actual tokens that the exchanges are holding on behalf of… Continue reading ‘Paper’ Bitcoin On The Decline: What It Means For BTC
The Bitcoin recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections… Continue reading Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says
The Bitcoin (BTC) price performance in August resulted in losses of 8.6% for the largest cryptocurrency, exacerbating the bearish sentiment in the market since reaching all-time highs of $73,7000 in March of this year. Since then, BTC has been unable to consolidate above key levels. However, this may not be the end of the bearish… Continue reading Bitcoin Ends August Down 8%: What To Expect From Historically Bearish September
As September, often seen as a negative month for Bitcoin, kicks off, a crypto expert has pointed out that the digital asset is at risk of experiencing extended selling pressure amid recent market volatility and uncertainty. Recent data suggests that negative sentiment is growing, as more investors may want to sell their BTC in response… Continue reading Bitcoin At Risk Of Continued Selling Pressure Amid Market Volatility, Here’s Why
While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of… Continue reading Why Is Bitcoin Price Down Today? Key Reasons Explained
significant drop in price. September To Witness Another Bitcoin Price Drop? A crypto analyst who goes username @thedefivillian on the X (formerly Twitter) platform outlined a possible price crash coming for Bitcoin. The crypto analyst points out that the last two months have seen massive drops in price for the pioneer cryptocurrency and September will… Continue reading The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming?
As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in… Continue reading How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In
On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins. Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently As explained by an analyst in a CryptoQuant Quicktake Exchange Reserve” here refers to an indicator that keeps track of the total… Continue reading Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low
Bitcoin (BTC), after briefly reclaiming the $61,000 price mark yesterday has now fallen below it continuing its bearishness as of today. Amid this negative price action, the asset’s hash price, a key metric reflecting miners’ profitability, has reached historically low levels. According to a recent analysis by Woominkyu, a CryptoQuant analyst, this significant drop in… Continue reading Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why
Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.… Continue reading Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?