Bitcoin: Why the waters remain calm despite BTC's decline

2023-10-6 06:30

The 1-3 month UTXO cohort will be in a favorable position if they continue to hold. Open Interest increased as long positions also followed suit. The recent retracement of Bitcoin [BTC] has The post Bitcoin: Why the waters remain calm despite BTC's decline appeared first on AMBCrypto.

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bitcoin btc decline waters despite remain calm

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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


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This Country Quietly Mined Over 13,000 BTC, Overtaking El Salvador’s Bitcoin Reserves

In a surprising development, Bhutan has significantly increased its Bitcoin holdings, surpassing El Salvador and establishing itself as a major player in the cryptocurrency world. According to data shared by crypto analytics firm Arkham Intelligence on Monday, the Himalayan kingdom now holds just over 13,000 BTC, valued at approximately $780 million. In addition to Bitcoin, […]

2024-9-18 22:55