There is now enough data to link Bitcoin and crypto price movements to easily quantifiable network parameters.
Bitcoin’s Transactions Show Highest Correlation to Prices
Transaction counts, active addresses, and price action show a connection for some coins, which explains heightened activity during rallies. A recent report by Longhash suggests some coins may reveal the intentions of their holders, based on on-chain activity.
The correlations are visible both for a longer historical time frame and for the past two years when specific price movements were also reflected in transaction counts. Bitcoin (BTC) reveals the strongest relationship between on-chain transactions and price action. The connection is both long-term and historical but also linked to the latest rallies and price slides.
“Both the number of transactions and the number of active addresses appear to correlate fairly positively with its price. This makes sense, of course — the more people are using and transacting with Bitcoin, the higher we might logically expect the price to be,” commented Longhash.
Bitcoin daily transactions also picked up from January 1, when they fell to a low of 250,000 per day. As the prices moved up to a higher range, Bitcoin on-chain transactions are now closer to 350,000 per day.
A similar relationship is seen for Litecoin (LTC), which is widely represented on exchanges. Both coins can be moved between markets for arbitrage. Additionally, heightened activity may be related to realizing profits. Ethereum (ETH) shows heightened transactions, though with a weaker correlation to market prices.
Token Transactions Rarely Reveal Price Trends
But beyond classical “coins”, tokens show a different picture. For networks like TRON (TRX), there is almost no correlation, or only very slight one, between price action and transactions. TRX tokens may be moved without fees, leading to high-count transactions, which are not always linked to using exchanges.
For Binance Coin (BNB), there is also an inverse correlation between token movements and price action. The reason for this is that BNB, like other native exchange tokens, is mostly used within the Binance ecosystem, for trading or other fees and investment activities. For that reason, BNB is not always stored on personal wallets, and actually resides within the exchange.
Longhash warns not to rely on transaction count levels for price action. For Bitcoin, rapid selling also leads to temporarily heightened transactions. Additionally, not all BTC price action relies on physically moving coins, as futures markets often don’t require a Bitcoin collateral or physical delivery.
What do you think about price and transaction count correlations on various crypto blockchains? Share your thoughts in the comments section below!
Image via Shutterstock The post appeared first on Bitcoinist.com. origin »
The Bitcoin price closed the past week on a positive note and will be hoping to start the new week on an even stronger foot. However, sideways movement has been a constant feature in the weekend price action of Bitcoin so far in 2025.
Bitcoin price has climbed about 6% over the past four days, with yesterday alone seeing a 3% jump. Cryptocurrency analytics firm Santiment has provided some explanation for this growth. Santiment points out that Bitcoin rally back to $84,500 on Friday shows what typically happens when Monday traders prematurely call for selling.
Bitcoin’s price movement recently has underscored the importance of the short-term holder (STH) cost basis as a key momentum indicator. It has emerged as a vital threshold for the sentiment of this market.
Bitcoin price has remained under pressure in the past few months as it moved into a technical bear market after falling by 20% from its highest level this year. Bitcoin (BTC) and other altcoins have important catalysts that may push…
Bitcoin’s second-worst February on record is set to extend into a new week, with price burdened by “aggravating macro factors” and a technical correction.
Bitcoin price remains in a technical correction, and the ongoing correction could persist for a few weeks. Bitcoin (BTC) bottomed at $82,177 this week as it briefly moved into a bear market. It has since crawled back to $86,200 following…
The price of Bitcoin has been going down, breaking below the key 3-month support at around $90,000. The coin now trades at around $86,000. It has declined by 10% in the last 3 days. Solana has also followed in the same direction.
The cryptocurrency market has gone mainstream. It is no longer retail investors’ assets as institutions globally are investing in Bitcoin and other major cryptocurrencies. As a risk-based asset, Bitcoin’s price is affected by central bank policies, especially those from the United States Federal Reserve.
Will this legacy cryptocurrency become bullish once again? Let’s find out in this Bitcoin Cash price prediction. Bitcoin Cash is a cryptocurrency associated with Bitcoin, yet it hasn’t performed like the leader of all cryptocurrencies. Its price action has lagged…
The recent drop in Bitcoin price to $95,000 has gotten traders worried and made them reconsider their plans. A major crypto analyst, Arthur Hayes has warned traders to be aware of an incoming loss. While Bitcoin price is having a hard time growing, a new altcoin called RCOF is gaining a lot of attention. Experts [...]
Crypto traders can be reasonably happier today than yesterday after experiencing the worst crash in history with over $2. 3 billion liquidated within 24 hours. However, Bitcoin price quickly rebounded from $91k to over $100k while Ethereum managed to recover from $2.
Bitcoin price surged to $102K as buying pressure increased, signaling sustained upward momentum
Strong market participation and positive sentiment suggested Bitcoin may challenge new resistanceThe post Bitcoin: How can BTC push its price past the $106k resistance? appeared first on AMBCrypto.
Through a series of gains and losses in the past week, the price of Bitcoin (BTC) recorded no significant overall change indicating widespread market uncertainty despite the inauguration of pro-crypto Donald Trump as US President.
Bitcoin is facing a key resistance at $106k, while testing critical support at $101k
NVT golden cross at -2.21 historically signals local bottoms and potential price reversal
Bitcoin [BTC], The post Bitcoin - Where are the signs of a local bottom and a price reversal? appeared first on AMBCrypto.
Bitcoin price surged to reclaim the $100,000 level on Jan. 15 as the flagship digital asset emerged from a turbulent start to the year. After weathering bearish pressure near the $90,000 area this past week, Bitcoin (BTC) price steadily climbed…
The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle. […]
Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level. Bitcoin started a recovery wave from the $91,150 zone.
Although Bitcoin’s recent price drop led many to wonder whether this is the end of its euphoria. However, as it’s looking to turn out, all BTC really did was go into healthy consolidation after a big move in December.
Bitcoin Cash has formed a sell signal on its MACD indicator, which could cause a price decline to $365.
Despite the bearish trends, traders on Binance are betting on further price increases.
Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted. Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern.
The price of Bitcoin has shown no significant movement in the past day following a price rebound at the start of January 2025. Currently trading near $98,000, speculation is mounting about whether Bitcoin has exited its correction phase, with high expectations of an impending bull market.
Although Bitcoin is having a rough moment this week, with prices oscillating between $93k and $96k, at least one popular crypto commentator is predicting a massive price run soon. According to Ted Boydston, the market should prepare for a manic bull run in the coming days, with Bitcoin’s price targeting $225k.
Bitcoin stands at a critical crossroads, with its price hovering near the crucial $93,257 support level. This key price point has acted as a stronghold for the cryptocurrency during its recent ascent, but now, the market is facing mounting pressure.
Bitcoin price has moved into a technical correction and found support at the 50-day moving average. Bitcoin (BTC) retreated to $94,830, down by over 12% from its highest level this month as the Santa Claus rally failed to materialize. The…
Over the last few weeks, the Bitcoin price has been on a downward trend, experiencing significant declines that have pushed it below its all-time high above $104,000. Despite this price crash, a crypto analyst has predicted that Bitcoin could recover from this slump and potentially reach a new ATH at $107,000.
Crypto analyst TradingShot has provided insights into the Bitcoin price recovery to $150,000. He analyzed the Fibonacci levels to provide insights into how Bitcoin could reach this new high, although the analyst suggested that there could be more price correction before that happens.
Bitcoin needs to dip much harder to deliver even standard December downside, data shows, as BTC price targets continue to focus on the mid-$80,000 area.
Bitcoin has endured days of underwhelming price action, retreating from its all-time high of $108,364 to a local low of $92,100. Despite this sharp pullback, the price structure remains bullish, fueling optimism among analysts and traders who believe Bitcoin’s rally could resume at any moment.
Bitcoin’s price reached a new all-time high of $108,000 this month, which has seen retail and institutions FOMO into BTC. Bitcoin’s trading volume now sits at a daily rate of about $77 billion, indicating increased inflows.
Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular assets like the Nasdaq 100 and the S&P 500 indices. Bitcoin (BTC) has retreated to $97,000 from the all-time high of $108,427 after the…
Veteran trader Peter Brandt updated his Bitcoin price outlook in a recent viral tweet. Looking at Brandt’s chart analysis, a clear right-angled broadening triangle pattern has emerged in Bitcoin’s recent price action.
Bitfinex analysts believe the increasing Bitcoin institutional adoption will create strong demand-side pressure, making Bitcoin price dips in 2025 short and temporary.
Bitcoin price rallied to a record high of $108,000 on Dec. 17, continuing a bull run that began in 2023. Bitcoin (BTC) has surged by nearly 150% this year, driven by rising demand and decreasing supply growth. The unwinding of…
Bitcoin has shattered its all-time high, reaching $106,500 just a few hours ago, setting the stage for an even bigger move. After trading in a sideways range within an ascending triangle for weeks, the price finally broke through the crucial $103,600 resistance level established on December 5.
The Bitcoin price has continued its foray above the $100,000 threshold and is currently trading around new all-time highs. Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency.
The Bitcoin price performance in 2024 is one for the history books, with the premier cryptocurrency crossing the $100,000 mark for the first time ever. However, hitting this milestone opened the door to another conversation — when will the market top be in? As a result, several predictions of the Bitcoin price top have emerged […]
Since breaking it last week, Bitcoin is grappling with the $100,000 milestone, struggling to stay above this critical level. Despite the price facing resistance, Bitcoin continues to show strength, signaling potential for further upward momentum in the near term.
Asset management firm Hashdex has filed an amendment with the U.S. Securities and Exchange Commission to include Litecoin in its Hashdex Nasdaq Crypto Index US ETF. The Hashdex Nasdaq Crypto Index US ETF aims to capture the overall trends in…
Spot traders took a neutral position in the market, with whale accumulation climbing on the charts too
Litecoin's price could reclaim a key consolidation level and see a major move to the upsidThe post Evaluating Litecoin's recovery odds and the role whales have to play appeared first on AMBCrypto.
Litecoin, at press time, was testing key resistance levels, with a potential breakout towards $170 if it holds
On-chain signals and MVRV ratio hinted at sustained growth, supported by rising maThe post Identifying the scale of Litecoin's latest upside and what's next for LTC appeared first on AMBCrypto.
Litecoin outperformed Bitcoin, driven by liquidations, but risks remain due to market volatility
Analysts urge caution as LTC faces key support challenges and ongoing price fluctuations
LiteThe post Litecoin’s short squeeze - A rally or just temporary hype? appeared first on AMBCrypto.
Canary Capital’s spot Litecoin exchange-traded fund has made an appearance on a list maintained by the Depository Trust and Clearing Corporation (DTCC).
Canary Capital Litecoin ETF filing could begin trading soon, per analyst.
Speculative interest in the altcoin has increased, with nearly $10B in on-chain volume.
Canary Capital’s propoThe post Canary's Litecoin ETF listed on DTCC - Will trading begin soon? appeared first on AMBCrypto.
Litecoin price is hovering near a crucial resistance level, with both fundamentals and technical indicators suggesting a potential surge of over 75% this year. Litecoin (LTC) rose to a high of $128.
