Bitcoin (BTC) Dormancy Flow Indicator at Lowest Since 2010: Why Is This Crucial for Crypto?

2022-6-14 19:46

Based on Glassnode data about Bitcoin (BTC) wallet activity, an on-chain analyst demonstrates one metric that inches closer to 12-year low

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Bitcoin (BTC) на Currencies.ru

$ 98033.78 (-0.45%)
Объем 24H $103.851b
Изменеия 24h: 4.07 %, 7d: 12.54 %
Cегодня L: $98033.78 - H: $98043.62
Капитализация $1939.653b Rank 1
Цена в час новости $ 21964.92 (346.32%)

bitcoin btc on-chain analyst wallet demonstrates activity

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00