Tags : Onchain

Bitcoin

Bitcoin inches to $61,000, but on-chain data turns ‘mostly bearish’

Bitcoin inched closer to its $61,711 all-time high price over the weekend amidst strong adoption and favorable sentiment for the world’s largest cryptocurrency by market cap. Booming Bitcoin and uptrending charts Several companies have dipped into the asset last year, with names like business analytics firm MicroStrategy and electric maker Tesla picking up billions of […]Read More

Cryptocurrency

On-chain data shows Bitcoin miners are HODLers and accumulating

Bitcoin miners are accumulating the asset at the current price range against a generally bullish backdrop and rising demand for the world’s largest cryptocurrency by market cap. When miners HODL Data from on-chain analytics platform Glassnode for the ‘Miner Net Position’ metric—which tracks miner addresses to show inflows/outflows—showed most miners were net holders of Bitcoin […]Read More

Bitcoin

This On-Chain Metric Says Bitcoin Risk Is The Highest In

Bitcoin price is trading well above $58,000 currently and is arguably only just beginning its bullish impulse. Prices are expected to reach hundreds of thousands per coin, and while few deny that outcome, it might not arrive as soon as some investors think. According to a de-facto on-chain tool for timing local tops and bottoms, […]Read More

Bitcoin

More Capital Ready to Enter Bitcoin, Reveals On-Chain Indicators

A technical bias conflict in the Bitcoin market is looking to influential on-chain indicators for cues—and most of them are favoring bulls. Leisl Eichholz, an analyst at blockchain analytics platform Glassnode, listed a flurry of upside cues for Bitcoin, including a so-called Stablecoin Supply Ratio (SSR) that signals a rally ahead in the cryptocurrency market. […]Read More

Bitcoin

Bitcoin On-Chain Data Reveals Chinese Mining Pool Behind Its Crash

An otherwise decentralized cryptocurrency, Bitcoin, might have become a victim of a centrally orchestrated price dumping attempt. According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange rate by almost 20 percent in just less than 24 […]Read More