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Bitcoin miners are under pressure and they’re selling: CryptoQuant

Bitcoin price has declined by nearly 7% in the past week, with bulls failing to hold above the $70k level. BTC has today retreated to around $66,350 amid fresh selling pressure. While prices are down as the market reacts to macroeconomic events, analysts at CryptoQuant say some of the downside comes from sell-off pressure facing […] The post Bitcoin miners are under pressure and they’re selling: CryptoQuant appeared first on CoinJournal. дальше »

2024-6-14 19:43


Long-term Bitcoin holders resume accumulation, adding almost 70,000 BTC post-downturn

Quick Take Glassnode data suggests that long-term holders who have held Bitcoin (BTC) for over 155 days are actively accumulating after offloading around 1 million BTC since late 2023. This cohort, known for selling into profits when Bitcoin reaches new all-time highs, has increased its holdings by approximately 70,000 BTC from the cycle bottom. дальше »

2024-5-14 13:40


Crypto Analyst Doubts $52,000 for Bitcoin: Shares the Level BTC Is Expected to Consolidate and Then Trigger an Altcoin Season

Bitcoin (BTC) may be in for a period of consolidation within the $66,000 to $70,000 range before a strong altseason takes hold, according to crypto analyst Alex Wacy. In a tweet, Wacy suggested that any volatility within the $61,500 to $65,000 range is necessary to unsettle and pressure people into selling their bags. дальше »

2024-5-8 11:40


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Bitcoin HODLer Profit-Taking Calms Down After Wild Selling Spree: Green Sign For Rally?

On-chain data shows the Bitcoin long-term holders have finally cooled off their profit-taking after showing a wild selloff just earlier. Bitcoin Coin Days Destroyed Has Calmed Down For BTC Recently As pointed out by BTC on-chain research account “The Bitcoin Researcher” in a post on X, the Coin Days Destroyed In Profit metric has declined […] дальше »

2024-5-7 19:00


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Bitcoin (BTC) sell pressure eases as M2 money supply flips, former BitMEX CEO sees gradual recovery

There are signs that Bitcoin (BTC) is headed for potential relief from the selling pressure it has faced in recent weeks. The M2 money supply, a crucial economic indicator, has flipped positive for the first time since November 2022, hinting at a shift in investor sentiment towards assets like Bitcoin. In addition, prominent crypto market […] дальше »

2024-5-4 14:12


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Bitcoin Trader Selling Pressure Declining, CryptoQuant Head Explains Why

The head of research at the on-chain analytics firm CryptoQuant has explained why selling pressure from Bitcoin traders may be declining. Bitcoin Short-Term Holder Realized Price Has Risen To $60,000 In a new post on X, CryptoQuant head of research Julio Moreno has discussed why the short-term holder selling pressure may be declining for BTC. дальше »

2024-4-20 02:00