These Key Metrics Are Pointing to an Even Greater Bitcoin Bull Market

These Key Metrics Are Pointing to an Even Greater Bitcoin Bull Market
фото показано с : zycrypto.com

2020-6-1 10:31

Despite Bitcoin’s bullish price move that took its price to $14,000 in 2019 which is the highest since the 2017 bull run, recent data from Glassnode shows that 60% of Bitcoin’s supply hasn’t been moved in over a year. This according to the on-chain market intelligence platform suggests an increasing holding behavior among investors.

This is not ideal as investors usually take profits following massive price gains such as that recorded in 2019. 

                  

Whales holding on for the long term

Investors who hold massive amounts of Bitcoin, also known as whales are notorious for holding the asset for the long run. Retail investors on the other hand quickly sell and take profits when there is a reasonable rally. Considering more than half of Bitcoin’s supply has not moved despite the over 200% gain in 2019, such whales may be those holding the amount of Bitcoin through this time.

This includes individuals with over 1,000 Bitcoins and exchanges that hold Bitcoins belonging to thousands of users. Another Data from Delphi Digital showed 21.5% of the supply had not moved in 5 years as of 2019. Investors holding such Bitcoins may be bullish on Bitcoin in the long term and expecting a bigger bull market before selling.

Another bull market may be on the way

The expectations of institutional investors holding on for a brighter day may be on its way to becoming a reality. First, the 2020 Bitcoin halving which has successfully occurred though uneventful has historically resulted in huge price rallies. At the same, data from Skew analytics shows Bitcoin Options traders have turned bullish. CME Bitcoin Options hit a new record daily volume on Thursday and open interest is on the rise as well.

These metrics may be pointing towards the kind of bull market expected after a halving. It is also interesting to note that every all-time high price always comes roughly a year after a halving event. Bitcoin has also recorded a massive influx of both retail and institutional investors as inflation of the U.S dollar continues to rise. With all this and other factors working together, another bull market may be brewing for a new all-time high.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 66285.39 (+0.56%)
Объем 24H $45.262b
Изменеия 24h: -2.40 %, 7d: -0.80 %
Cегодня L: $65682.16 - H: $68096.1
Капитализация $1325.412b Rank 1
Цена в час новости $ 9537.25 (595.02%)

bitcoin price glassnode shows data run 2017

Источник: zycrypto.com

bitcoin price → Результатов: 126


Фото:

Bitcoin reveals a rare bullish cycle bottom signal before bouncing as futures bears tighten their grip

Bitcoin is flashing its most oversold signal on record amid its continued price struggles in this current macroeconomic environment and persistent exchange-traded fund (ETF) outflows. According to CryptoSlate data, BTC's price dipped to around $62,700 over the last 24 hours, while its weekly relative strength index (RSI) printed roughly 25.

2026-2-26 21:10


Bitcoin Active Addresses Fall To 2020 Lows Following $83,000 Failure — What To Expect

The Bitcoin market has seen a horrific tale over the week, with the price recording a downturn of more than 12%. As the flagship cryptocurrency tests its $77,000 price support, data from recent on-chain analysis has been put out, which suggests that investors might have more concerns in the near-term. Related Reading: Bitcoin MVRV Z-Score […]

2026-2-1 12:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin ETFs Hold Billions as BTC Slips Below $70K, Analysts Warn of Potential Free Fall

Bitcoin’s (BTC) struggle to hold key price levels is raising fresh concerns across crypto markets, even as spot exchange-traded funds continue to control tens of billions of dollars in assets. Related Reading: Bitcoin May Gain If AI Job Losses Trigger Bank Stress, Hayes Says The largest cryptocurrency has fallen back below the psychologically important $70,000 mark, trading around $68,000 after weeks of steady selling pressure and weakening momentum.

Bitcoin Struggles Near $90K as ETFs Absorb Retail Demand and On-Chain Activity Drops

Bitcoin (BTC) is trading uncomfortably close to the $90,000 mark, as a mix of macro caution, thinning liquidity, and shifting market structure continues to weigh on price action. Related Reading: Wall Street Storms Ripple In Explosive $500 Million Deal What was once a retail-driven ecosystem is now increasingly shaped by institutional flows, with U.S. spot […]

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.