2023-2-20 11:00 |
Data from CryptoQuant maintains that reserves are 100% clean, compared to 94% for Binance and 61% for Huobi.
Similar to Notcoin - Blum - Airdrops In 2024
|
|
Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû
|
Bitcoin price movements often correlate with large-scale investors’ actions, commonly called “whales. ” These individuals or entities hold between 1,000 and 10,000 BTC, and their trading behavior is a critical indicator of market trends.
Last week, Bitcoin saw consistent upward momentum, leading to the asset breaching multiple resistances to achieve a peak of $93,477 finally. However, ever since, BTC has seen a price decrease and appears to maintain stability above $90,000 while showing signs of controlled market sentiment.
Amid Bitcoin’s pursuit to hit the six figures all-time high (ATH), a CryptoQuant analyst known as aytekin, has shared a comprehensive analysis on tools to assess Bitcoin’s market temperature, focusing on distinguishing useful from potentially misleading metrics.
Bitcoin recent price movement of continuous uptrend has drawn the attention of market participants and analysts as it edges closer to creating a new all-time high, blasting through critical resistance levels.
Bitcoin market trend may be on the verge of a significant shift, according to a recent analysis shared by CryptoQuant analyst Percival. Percival described Bitcoin’s current phase as “chopsolidation,” a term used to describe a period of minimal directional movement where price consolidation occurs without a clear trend.
The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US election) later in November. A CryptoQuant analyst known as CoinLupin recently provided an analysis on the CryptoQuant QuickTake platform, focusing on Bitcoin’s Market Value to Realized Value (MVRV) ratio, a metric often used to gauge Bitcoin’s value compared to its on-chain fundamentals.
Over-the-counter desks hold 416,000 bitcoin ($30 billion), a level that has remained stagnant for the past month.