Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood
Data shows over $1 billion worth of BTC has been withdrawn from exchanges over the past week. The case for a continued rally in bitcoin (BTC) to $40,000 and…
Tag: Glassnode
Bitcoin Faces Low Risk of ‘Liquidations-Induced’ Price Volatility After 70% Surge
Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. They often exacerbate price moves. Bitcoin (BTC)…
Bitcoin Slips Below Support Level to $38.5K as US Tax Return Deadline Approaches
Tax-related selling seems to have aggravated macro-driven weakness in the bitcoin market. Bitcoin (BTC) has breached critical price support to hit one-month lows as the…
China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says
Bitcoin’s hashrate is expected to climb back near its all-time highs, potentially helping mining profitability, as China’s grip on the sector subsides. The ”Fear, Uncertainty…
The truth about hodling Bitcoin at $18,000
We have heard it countless times over the past few months. “Bitcoin HODLing has reached a new-high and accumulation is at its peak”; true but the…
Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches
The cryptocurrency litecoin is often referred to as the silver to bitcoin’s gold. This year, litecoin investors might have been better off staying in the…
Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing
The number of whale addresses, or those holding a large number of bitcoins, has declined to a 14-month low. However, the drop isn’t necessarily a…
Ethereum Activity Metric Hits Highest Level for 2 Years
Levels of activity on Ethereum have peaked to their highest in two years, going by one metric. The seven-day moving average of the number of…
Miners Are Sending Bitcoins to Exchanges Again – And That May Be Bearish
Bitcoin outflows from miner wallets have spiked, with the majority of coins finding their way onto cryptocurrency exchanges. The net flow of coins into or out…