According to blockchain analytics company Glassnode, so-called "market tourists" are quitting Bitcoin (BTC), leaving only long-term investors keeping and using the leading cryptocurrency. The number of wallets holding at least some of the assets continues to increase, while the number of active addresses, entities, and transactions on the Bitcoin network are all heading downwards. According […] The post...
Bitcoin market fundamentals point to an increase in holding sentiments. The market is effectively in an early stage accumulation stage according to data shared by Ki Young Ju, the...
On-chain data shows the Bitcoin supply older than 1 year hasn't moved much recently despite the uncertainty due to the war. Bitcoin Hodlers Stay Strong As They Refuse To Move Their Supply According to the latest weekly report from Glassnode, the BTC supply older than a year hasn't shown much movement recently, suggesting that conviction remains strong among hodlers. The...
On-chain data shows Bitcoin miners have held strong and not dumped the coin despite the recent uncertainty due to the Russian invasion of Ukraine. Bitcoin Miners Show Diamond Hands As They Continue To Hodl As pointed out by an analyst in a CryptoQuant post, the BTC miner reserve hasn't observed any significant...
Bitcoin has made a solid move today surging 5% and making its way to $40,000 levels. At press time, BTC is trading 5.23% up at a price of $39,607 and a market cap of $407 billion. Over the last week, Bitcoin (BTC) has added nearly $6000 to...
News