Cryptocurrency Insight
On-chain data from Santiment shows that Bitcoin sharks and whales have made a buying spree of 93,000 BTC since the local top in April. Bitcoin sharks and whales have accumulated since the beginning of April According to data from on-chain analytics firm Holy, these holders Read More
Bitcoin mining has recently been in the spotlight as a potential beneficiary in a pivotal trade. Ohio Representative Warren Davidson revealed that an interim deal, designed to stop the United States government from defaulting on its debts, could bring relief to cryptocurrency miners. In particular, Read More
On-chain data shows that the buy-to-sell ratio of Bitcoin buyers was the highest since February. See what this could mean for the market. The Bitcoin Taker Bid and Ask Rate has recently peaked An analyst in a CryptoQuant post pointed out that the current Buyer Read More
On-chain data shows that Bitcoin shrimp supply has reached all-time highs as these small investors continued to accumulate aggressively. Bitcoin shrimp supply hit a new all-time high According to data from on-chain analytics firm glassnode, the supply held by shrimp increased by 24,600 BTC in Read More
The data shows that Bitcoin investors are not exhibiting the “buy the dip” mentality, despite the cryptocurrency’s price recording recent success. Bitcoin market is not showing any interest in buying this dip According to data from on-chain analytics firm Holythe type of FUD that is Read More
Bitcoin (BTC) is currently going through a tumultuous period, as highlighted by crypto trader and analyst Ali Martinez. With an astute eye on market trends, Martinez took to Twitter to share his belief that Bitcoin’s price is about to drop further. According to his analysis, Read More
The on-chain data shows a trend in the current Bitcoin cycle that differs from the pattern followed in previous epochs. More Bitcoin has left exchanges during the current cycle so far According to data from on-chain analytics firm glassnode, previous cycles saw the balance on Read More
On-chain data shows that Bitcoin’s diamond hands remain strong as its supply hit a new all-time high. Supply of long-term Bitcoin holders increased to a new ATH According to Glassnode’s latest weekly report, long-term holders are now holding 14.46 million BTC. The “long-term holders” (LTHs) Read More
Data shows that the combined trading volume of Bitcoin and altcoins has reached its lowest level in over a year. Here’s what that might mean. 7-day volumes in the cryptocurrency market have recently dropped According to data from on-chain analytics firm Holy, volumes were last Read More
Data from Glassnode shows that Bitcoin transfer volume is still 79% lower than what was seen during the 2021 bull run. Bitcoin Transfer Volume Remains Low Despite Rally According to data from on-chain analytics firm glassnode, the total transfer volume on the BTC network is Read More