Glassnode Analysts Warn of Approaching Bitcoin Price Peak
Digital gold continues to adhere to its historical four-year cycle associated with halvings, according to analysts at Glassnode.Glassnode is a blockchain data and intelligence platform providing insights into cryptocurrency markets.
Glassnode Analysts Warn of Approaching Bitcoin Price Peak
Digital gold continues to adhere to its historical four-year cycle associated with halvings, according to analysts at Glassnode.
Ethereum Surpasses Bitcoin in Growth Rate for the First Time Since 2024
The second-largest cryptocurrency by market capitalization has emerged as the leader in value growth among major cryptocurrencies, according to The Block. Since the beginning of the year, Ethereum’s price has risen by 29%, reaching $4286 at the time of writing. During the same period, Bitcoin increased by 28% to $118,408, as reported by CoinGecko. Why […]
Glassnode Analysts Observe Market Cooling and Liquidity Decline
The drop in the price of the leading cryptocurrency below $116,000 has led to a decrease in market leverage and the profitability of short-term holders’ operations, according to analysts at Glassnode. This occurred after reaching a historic high of ~$123,000 in July, experts noted. A resistance zone formed at this level. Investors who purchased the […]
Bitfinex Analysts Report Decline in Altcoin Demand
The tepid recovery of altcoins following the correction of the leading cryptocurrency has cast doubt on the continuation of the altcoin season, according to analysts at the Bitfinex exchange. On August 3, Bitcoin’s price briefly dipped to ~$112,000. At the time of writing, the price of the digital gold stands at $114,213 (-0.5% over the […]
Researchers Link Cryptocurrency Market Risks to the US Dollar
The price of the leading cryptocurrency remains stuck between support at $116,000 and resistance around $120,000. Ethereum’s momentum is also waning as it approaches the psychological mark of $4,000, according to analysts at QCP Capital. In their view, there is a strong likelihood of new all-time highs in the medium term, driven by institutional capital […]
Glassnode: Low Trading Volume Hinders Bitcoin’s Path to $200,000
The leading cryptocurrency is unlikely to reach the $200,000 mark this year, according to on-chain analyst James Check. Hot new episode off the printer, with @_Checkmatey_ from @_checkonchain We discuss: -How he was able to predict Bitcoin’s ATH breakout-How to approach the current price discovery phase-Early signals that already foreshadow the future bear market-Key Bitcoin […]
Analysts warn bitcoin is edging into an overheating zone
Bitcoin has yet to reach its peak. But the market is starting to exhibit overbought conditions that could later result in a sizable correction, according to researchers at several firms.
Cautious Optimism: 96.7% of Bitcoin Supply in Profit
As of late June, 96.7% of the supply of the leading cryptocurrency was in profit, indicating a high risk of volatility, according to a report by Glassnode. Percentage of Bitcoin supply in profit. Data: Glassnode. Historically, such high levels lead to selling pressure as the potential for profit-taking increases, researchers noted. The current situation reflects […]
Glassnode Analysts Highlight Signs of Bitcoin Market Fatigue
Since May, Bitcoin has remained in a consolidation zone, but without a resurgence in demand, new highs in the near term appear unlikely. This view was presented by Glassnode. On June 22, the leading cryptocurrency failed to hold the $99,000 level amid escalating conflict in the Middle East. Within two days, prices recovered following reports […]
Glassnode Analyzes Decline in Bitcoin On-Chain Activity
The decline in daily transactions on the Bitcoin network is largely attributed to a drop in non-financial operations and the growing dominance of major players, according to analysts at Glassnode. Despite #Bitcoin’s elevated price, a clear divergence has emerged between market valuation and network activity. In this report, we explore activity across both on and […]
Analysts spot Bitcoin whales shifting from accumulation to selling
Holders of wallets with balances of at least 10,000 BTC have shifted from buying to distributing coins, while investors with smaller positions continue to accumulate digital gold, according to CoinDesk. These conclusions stem from changes in the Accumulation Trend Score, which tracks the intensity of accumulation across address cohorts. For the largest holders, the reading […]
Why bitcoin is consolidating after testing $105,000
A lack of momentum-trader activity has led to bitcoin’s consolidation. The MVRV Z-Score sits well below peaks seen in previous bull cycles. Global liquidity (M2) is expanding rapidly. Breaking the $100,000 psychological level drew in “new” bitcoin buyers, while seasoned traders are cautious, Glassnode noted. $BTC Supply Mapping shows sustained strength in new demand. First-Time […]We use cookies to improve the quality of our service.
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