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Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June 19, the total amount of BTC transferred out […]
The post Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low appeared first on Bitcoin News.
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The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data. The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity. Meanwhile, the BTC network hashrate has continued to grow, with the seven-day average reaching 123.4 exahash per second (EH/s) on Monday. […]
The post Bitcoin Price Poised for ‘Imminent’ Breakout As Network Hashrate Hits Record Highs appeared first on Bitcoin News.
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Bitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals. Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms in over a year, according to Glassnode data. The bulk of the volume of […]
The post Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle appeared first on Bitcoin News.
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At least 83% of existing Bitcoin addresses are currently in a state of profit, according to Glassnode. That’s a 43% increase since bitcoin’s precipitous crash on March 12, now known as the ‘Black Thursday.’ At the time, only 45% of all the BTC addresses were profitable – a low for 2020. Per the new data, […]
The post 83% of Bitcoin Addresses Currently Profitable, Says Glassnode appeared first on Bitcoin News.
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Market data from Glassnode shows that bitcoin holders have increased their positions by 233,000 BTC since January 1, 2020. However, when it comes to holders making money at the current price, bitcoin cash and bitcoinsv have performed better and the concentration of large holders is larger too. As far as “holders’ composition by time held” […]
The post Holders Gather 233K BTC This Year, While Bitcoin Cash Savers Outshine Composition by Time Held appeared first on Bitcoin News.
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Whale alert reports that a so-called whale has transferred the equivalent of $2.24 billion in bitcoin for less than $7. In a series of tweets on Friday, the crypto tracking tool said the bitcoin (BTC) whale sent a total of 241,500 BTC in seven successive transactions within one hour. Each transaction, made separately to unknown […]
The post Bitcoin Whale Transfers $2.2 Billion Worth of BTC for Just $7 appeared first on Bitcoin News.
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The number of so-called whales with 1,000 bitcoin or more in their wallets has climbed to 1,882 from around 1,650 in January. It is the highest the numbers have reached in nearly three years. Whales may be defined as the Bitcoin ( BTC) community’s own version of the ‘deep state’, with the ability to swing […]
The post Bitcoin Whale Population Spikes to 1,882 – Highest Level in Three Years appeared first on Bitcoin News.
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The last time this much Bitcoin was withdrawn from exchanges, the price rose 88%. If this pattern repeats, we would see Bitcoin go to $18,000 by the end of August.
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According to the creator of the analytical bitcoin data web portal, Look Into Bitcoin, a chart often referred to as ‘Hodl Waves’ shows a bull run could be imminent. The web portal’s analyst Phillip Swift recently tweeted that 60% of all the bitcoin in circulation hasn’t moved in twelve months. The last time this trend […]
The post Bull Run Imminent? Hodl Waves Chart Shows 60% of Bitcoin Hasn’t Moved in a Year appeared first on Bitcoin News.
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Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a value of 60 points. Simultaneously, […]
The post Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode appeared first on Bitcoin News.
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