According to CryptoQuant’s head of analysis Julio Moreno, Bitcoin might already be two months right into a bear market after a number of of his indicators flipped to bearish in early November. Moreno pointed to the value sliding beneath its one-year transferring common because the clearest technical affirmation, and he used that sign to argue…
Bitcoin traded close to $86,800 on Monday morning after reversing its Sunday transfer above $90,000, as crude oil rose and gold fell. #1 Bitcoin BTC $87,549.91 -0.32% Market Cap $1.75T 24h Volume $44.66B All-Time High $126,173.18 Sectors Coin Layer 1 PoW The 30-minute Bitcoin-U.S. greenback chart from TradingView exhibits BTC peaking round $90,000 earlier than…
On a chilly ‘Betwixmas’ December morning, the temper round Bitcoin feels acquainted and unusual on the identical time. Familiar, as a result of the story nonetheless swings between euphoria and nervousness. Strange, as a result of the individuals watching the chart now embrace a completely different crowd. #1 Bitcoin BTC $87,433.26 -0.46% Market Cap $1.75T…
Bitcoin trades close to $89,000 as we speak after its 14-day relative power index fell beneath 30 in mid-November, a threshold merchants monitor for capitulation. A chart circulated by Global Macro Investor’s Julien Bittel, sourced to LSEG Datastream, overlays Bitcoin’s current path with the typical trajectory that adopted the final 5 RSI breaks beneath 30…
Bitcoin is buying and selling close to $86,000 as losses construct throughout ETFs, treasury corporations, and miners. According to Checkonchain’s Dec. 15 “System Stress” observe, buyers are carrying about $100 billion in unrealized losses. Bitcoin system stress (Source: Checkonchain) Miners are pulling again hashrate, many treasury-company shares are buying and selling under their Bitcoin e…
The crypto market has proven a modest worth rebound within the final three weeks, returning to a complete market cap of $3.07 trillion. During this time, Bitcoin has climbed by 11% from its native backside at $80,700, whereas Ethereum has been extra aggressive, gaining by 18% throughout the identical interval. Despite these reassuring performances, a…
Bitcoin (BTC) trades at $92,900, up 4% on the day, as $150 billion flowed into the whole crypto market cap, a 3% achieve as of press time. The value briefly touched $94,600 earlier than pulling again, capping a session that noticed adoption information from conventional finance converge with macro easing expectations and compelled liquidations of…
On Dec. 3, CryptoQuant CEO Ki Young Ju made the dreaded name that “most Bitcoin on-chain indicators are bearish.” He added, “Without macro liquidity, we enter a bear cycle.” The CEO was express. He tied his argument to his agency’s composite on-chain dashboards and a global-liquidity framework, framing the November drawdown not as a wholesome…
Short-term holders are once more realizing losses, and that stress reveals up within the information. STH SOPR dipped to about 0.94 whereas Bitcoin traded roughly at $85,550 to $85,680. That quantity means many current consumers bought for lower than what they paid. Markets typically react to that sort of promoting with sharp strikes. Sometimes costs…
For all the speak that this cycle is by some means “completely different,” the construction of Bitcoin’s market nonetheless seems unmistakably cyclical to me. Each high brings the identical refrain claiming the cycle model is dead, and every cooling part renews the concept that liquidity alone now units the trajectory. But the proof retains pointing…