Despite the Bitcoin markets slipping below $30,000, on-chain data suggests accumulation may be underway, as $1 billion worth of BTC leaves exchanges each month.
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Despite the Bitcoin markets slipping below $30,000, on-chain data suggests accumulation may be underway, as $1 billion worth of BTC leaves exchanges each month.
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The classic end of a Bitcoin bull run, a “mania top,” has not appeared yet, while fundamentals are unchanged in their outlook, says Willy Woo.
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While demand for Bitcoin remains high, current profit-taking behavior suggests that the market may be on the verge of turning bearish.
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The Bitcoin cycle top would likely come in at price levels above $166,000 per coin if history repeats.
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Chainlink is down 3% from its all-time high, but on-chain and derivatives indicators show there is increasing interest from investors.
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On-chain data shows that while miners are selling less BTC, old investors are realizing profits.
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Ethereum’s realized cap has surged into new all-time highs this month, indicating that new money is rushing to accumulate ETH.
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Despite on-chain metrics indicating Bitcoin investors will soon face losses, Glassnode believes BTC is ready to bounce.
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Glassnode’s Rafael Shultze-Kraft has shared several on-chain metrics that he believes suggest Bitcoin will comfortably charge into six-figure price-thresholds in future.
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Ethereum network gas fees that averaged $15.13 on September 2 have been declining in the past four days ending the day at $3.43, according to Token View charts. At that cost, ethereum fees are still ahead of those on the Bitcoin network that averaged $2.75 on September 6. The highest average daily fee on the […]
The post Declining ETH Gas Cost Still Higher Than BTC Fees: Supporters Insists ETH 2.0 to End High Fee Woe appeared first on Bitcoin News.
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