On-chain data from Glassnode indicates that Bitcoin has entered a confirmed bear market, with multiple structural indicators pointing to weakening demand.
A long-dormant Bitcoin wallet came back to life after seven years, transferring 2,043 BTC into a new address, on-chain data shows. The transfer comes as the price of Bitcoin remains in a tight range under the $70,000 level.
Bitcoin is currently building up a massive liquidity cluster between the $72k-$80k level, and as a result, there is an anticipation that the cryptocurrency can make a short-term recovery. According to data from the analytics website Coinglass, liquidations worth hundreds of billions of dollars lie in the way of bulls, but if past trends are […]
The price of Bitcoin clawed back above the $70,000 level on Monday from its 15-month low of nearly $60,000 last week. The maiden crypto is up 11% from Friday’s low of $62,822 and is currently trading at $70,627, according to crypto data provider CoinGecko.