CryptoQuant Labels Bitcoin Bottom Predictions as “Just Theory”
Bitcoin has yet to reach a local minimum, as the price must navigate several resistance zones with a high concentration of loss-making positions.Glassnode is a blockchain data and intelligence platform providing insights into cryptocurrency markets.
CryptoQuant Labels Bitcoin Bottom Predictions as “Just Theory”
Bitcoin has yet to reach a local minimum, as the price must navigate several resistance zones with a high concentration of loss-making positions.
Glassnode Observes Easing Bitcoin Seller Pressure
Bitcoin prices are caught between the support zone of $65,000-$70,000 and resistance at $79,000. Analysts at Glassnode have noted a record number of short positions and a high likelihood of a short squeeze.
Bitcoin Spot Volumes Drop to Lowest Since 2023
Spot trading volumes of Bitcoin have fallen to levels seen in September-October 2023, marking the end of the previous bear phase.
Coinbase and Glassnode Report Growing Optimism in the Crypto Market
Coinbase and Glassnode have observed an improvement in market sentiment amid macroeconomic changes, according to their joint report.
Bernstein Identifies $60,000 as Bitcoin’s ‘Clear Bottom’
As bitcoin nears $80,000, Bernstein analysts see the market growing stronger. They called the recent drop to $60,000 a 'clear bottom'.
Bitcoin’s run to $79,000 driven by $1.1bn in short liquidations, says CryptoQuant
Bitcoin’s latest run to $79,000 was driven mostly by derivatives rather than spot demand, said CryptoQuant’s Carmelo Aleman.
Historical gauges point to a bitcoin bottom
Two key metrics point to a potential trend reversal in bitcoin, noted CryptoQuant analyst Ignacio Moreno de Vicente.
Bitcoin Holds Steady at $70,000 Amid Capital Influx
The leading cryptocurrency has stabilized at the $70,000 mark. The market has been supported by a renewed influx of funds into US spot bitcoin-ETF.
Analysts Observe Significant Cryptocurrency Withdrawals from Exchanges
Last month's net outflow of the leading cryptocurrency from trading platforms indicated a shift by investors towards an accumulation phase, according to the analyst known as Darkfost.
Altcoin trading volumes slump 80%
Daily altcoin turnover on Binance has plunged 80% from its peaks to $7.7bn, signalling waning investor interest, an analyst said.We use cookies to improve the quality of our service.
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