Tag: bitcoin on-chain analysis

Apr 27 2022

Bitcoin On-Chain Activity Turns Green, Will Price Action Follow?

Bitcoin on-chain activity has once again turned green signaling some good tidings for the digital asset. All across the board, metrics have been on the rise with some reaching as high as double-digital increases in the past week alone. The recovery has ranged from daily miner revenues to revenues gained from fees, as well as the block production rate per hour. It is...

Mar 30 2022

Bitcoin (BTC) Price Has Formed A Historical Bottom; Here’s Why

The Bitcoin (BTC) long-term total cost base has fallen to an all-time low, as per the on-chain data firm Glassnode. Moreover, Bitcoin is undergoing a very healthy...

Mar 16 2022

Data Shows Large Institutions Are Accumulating Bitcoin Amid Correction

Nearly all of Bitcoin's trading volumes consist of transactions above $100,000. A report from blockchain research firm IntoTheBlock shows how billion-dollar institutional trade has come to dominate the token's liquidity since 2020. According to a recent report, large transactions-what the firm calls deals above $100,000- have consistently made up more than 90% of Bitcoin's trading...

Mar 10 2022

Bitcoin On-chain Data Suggests 11-Year Old Coins Worth $20M Behind The Drop

On-chain data suggests that dumping from 11-year old coins worth $20 million may be behind the recent Bitcoin price drop. 11-Year Old Bitcoin Moved Shortly Before The Drop below $40k As pointed out by an analyst in a CryptoQuant post, a large amount of dormant coins since eleven years ago seems to have moved a bit...

Feb 28 2022

BTC On-Chain Analysis: Whales Scoop Up Bitcoin Aggressively, Traders Await Breakout Sign In BTC Price

Bitcoin wallet cohorts started accumulating BTC following Russia’s invasion of Ukraine. Whales transactions in Bitcoin hit the highest level as accumulation continues. Analysts are evaluating the...

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