2023-2-20 11:00 |
Data from CryptoQuant maintains that reserves are 100% clean, compared to 94% for Binance and 61% for Huobi. origin »
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Bitcoin’s recent price movements have reflected a mix of optimism and uncertainty for investors. Earlier this week, Bitcoin surged to $94,000 following news of the U. S. crypto strategic reserve, which is set to include BTC, ETH, SOL, ADA, and other major digital assets.
The Head of Research at CryptoQuant has revealed why it may be too early to call a bottom for Bitcoin, based on the trend in on-chain data. Bitcoin MVRV Z-Score Has Plunged Under Its 365-Day MA In a new post on X, CryptoQuant Head of Research Julio Moreno has talked about why Bitcoin may not have reached a bottom yet.
Institutional investors seem to be selling off millions in Bitcoin, but CryptoQuant’s CEO believes 30% corrections are common during bull cycles. Bitcoin (BTC) is down about 10% over the past week, putting this February on track to be one of…
CEO of CryptoQuant, says that the much-anticipated altcoin season has begun, but it’s defined by trading volume—not the shift of capital from Bitcoin to altcoins. According to Ki Young Ju, CEO and Founder of CryptoQuant, altcoin season has officially begun.…
The Bitcoin price appears to have settled within the $92,000 – $102,000 consolidation range, sparking discussions about the coin’s future trajectory. While it remains unclear whether the premier cryptocurrency has enough momentum to forge new all-time highs soon, it would take significant bearish pressure to pull down the BTC price.
Bitcoin (BTC) has shown a swift recovery, climbing back above $95,000 after experiencing a notable dip below this level just a day prior. This price rebound has reignited discussions among analysts about the underlying market dynamics and potential future trends.
CryptoQuant CEO Ki Young Ju believes China’s authorities have already sold $20 billion worth of Bitcoin seized from the PlusToken scheme in 2019. In a recent post, Ju shared CryptoQuant’s analysis on PlusToken’s Bitcoin reserves that were seized by the…