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The popular prediction model has been remarkably accurate in the past when it comes to forecasting Bitcoin’s bearish and bullish cycles against its rising scarcity. Go to Source Powered by WPeMatico
$42,000 is becoming an increasingly important battleground for Bitcoin bulls and bears. Go to Source Powered by WPeMatico
The supply shock is being unnoticed similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo. Go to Source Powered by WPeMatico
Onchain statistics show 78% of the circulating bitcoin supply is illiquid and barely accessible according to Glassnode research. Data indicates that the analysts have classified 14.5 million bitcoin as illiquid and only 4.2 million bitcoin in constant circulation. One of the most treasured parts of the Bitcoin (BTC) protocol is the fact that the system … Read more
A cryptocurrency analyst, Timothy Peterson claims that 1,500 bitcoins are lost each day meaning only 14 million BTC will ever circulate. The figure is at odds with the estimate of many organizations including Markets.bitcoin.com which place the figure at 18.5 million coins. Still, Peterson, who is the CAIA Manager at Cane Island Alternative Advisors, argues … Read more
The amount of bitcoin held by small investors has more than doubled in the past five years as so-called whale holdings declined by an almost similar margin during the same period. According to new data from Glassnode, the percentage of supply owned by entities holding 10 BTC or less has grown from 5.1% to 13.8% … Read more
