Bitcoin’s price shows ‘no clear direction’ amid active address decline
Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst. Go to Source
Cryptoquant
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Bitcoin onchain indicator signals $58.5K price near ‘favorable’ buy level
A CryptoQuant contributor has indicated that a slight decrease in Bitcoin’s Puell Multiple index could present a ‘favorable buying opportunity.’ Go to Source
Bitcoin exchange reserves reach new yearly low amid $60K price retest
Crypto analysts think that the declining Bitcoin supply on exchanges suggests “something is happening” that could support a bull market, provided demand “continues to grow.” Go to Source
Cryptoquant Report Reveals Faltering Global Bitcoin Demand Despite Recent Spike
A recent report from Cryptoquant reveals that comments by Federal Reserve Chairman Jerome Powell sparked a surge in U.S. bitcoin demand last week, though overall global demand remains weak. The report highlights the mixed signals in the market following the Fed’s announcement. Analysis Says Weak Global Bitcoin Demand Persists Cryptoquant‘s report details how bitcoin’s price … Read more
Long-term Bitcoin holder buys hit $10B mark as price slips below $60K
Bitcoin held in long-term holder wallets has topped $10 billion amid its price falling below $60,000. Go to Source
Bitcoin’s Coinbase premium hits 39-day high as $63K is reclaimed
Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates. Go to Source
Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal
The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners. Go to Source
2 key Bitcoin metrics signal steady bull cycle — ‘No bubble’ in sight
The metrics suggest that Bitcoin is unlikely to be overvalued at current levels and its price action is developing “steadily without significant anomalies or sharp jumps.” Go to Source
Bitcoin demand sharply declined since April — CryptoQuant
The slowdown in Bitcoin demand can be attributed to a sharp decline in purchases in the United States. Go to Source
Ether hits $2.6K as metrics suggest it’s in ‘late stages’ of correction
Rising Open Interest of Ether and a “positive” taker-buy sell ratio has a crypto analyst optimistic that Ether’s lengthy correction is nearing its end. Go to Source
