According to the analytical platform IntoTheBlock, short-term traders are active in the market again, while the stake of long-term ones remains low. On Wednesday, the platform pointed to a 25% rise in the balance of short-term Bitcoin holders since September. This activity increase points towards change in behavior of the ... Read more
CryptoQuant recently reported that the open interest in Bitcoin has hit a record $19.8 billion. This increase in open interest signal a ramp up in investors’ involvement and market depth in the BTC futures and options market. Funding rates have also reached their peak positive levels since August of this ... Read more
In the current market, Bitcoin is behaving in a way similar to prior bull cycles. The on-chain analytics service provider CryptoQuant noted that the current price action of Bitcoin resembles the ones in 2013 and 2020 when long-term investors bought BTC during two major bull run phases before the final ... Read more
Bitcoin rose to $58,000 today, which is a positive sign for the retail traders, as suggested by the analytics firm Santiment. The platform also revealed that the share of wallets with less than one Bitcoin in them was the highest in the last seven months in terms of the total ... Read more
The market of Bitcoin has shown high volatility because the traders got carried away by greed and hence most of them got liquidated. The analytics platform, Santiment, highlighted that the market sell-off occurred after a record number of longs opened on exchanges such as dYdX. The bears took control of ... Read more
Bitcoin’s price regains focus with the token now trading at over $61,000 as key market indicators hint at massive upside for the month. Crypto Rover in a recent YouTube video pointed out that the four-year cycle observed in BTC, which has always indicated a major rally in prices. This type ... Read more
Bitcoin OTC desk balances for miners have increased by over 70% in the past three months and last touched these levels in mid-2022 as per a CryptoQuant report. This rate indicates the market is shifting, as miners seem to be selling lots of BTC through OTC desks The data revealed ... Read more
Bitcoin continues to hover in a critical range that has been satisfactory enough but not enough to provide the impetus for the Bitcoin to spike. While the cryptocurrency stays stagnant over fully forming, the market analysts and investors observe the situation, most of them expressing worried over the extended steady ... Read more
