Cryptocurrency Insight
On-chain data shows that Bitcoin exchange network flow has seen a negative spike recently, a sign that could be bullish for the price. Bitcoin Exchange Netflow has dropped in recent days As pointed out by an analyst in a CryptoQuant post, a large negative spike Read More
Data shows that Bitcoin mining hashrate recently recorded its third biggest 3-month increase in the last five years. Bitcoin mining hashrate has risen sharply recently As an analyst of twitter pointed, only the aftermath of China’s 2021 ban and the 2019 bear market saw faster Read More
Data shows that Bitcoin miners have found some relief recently as their mining revenue has skyrocketed to the highest level since June 2022. Bitcoin mining revenues significantly deviated from annual average According to Glassnode’s latest weekly report, miners are pulling in $22.6 million a day. Read More
On-chain data shows that Bitcoin’s profit volume soared after the cryptocurrency’s price briefly breached the $27,000 level. Bitcoin Sees 2.4 Times More Profit Transfers Than Losses According to data from on-chain analytics firm Holythis level of profit taking has not been seen since December 2020. Read More
On-chain data shows that exchanges have seen a large Bitcoin outflow recently, a sign that whales may be buying the asset. Bitcoin exchange network flows have been negative in recent days An analyst in a CryptoQuant post pointed out that around 10,000 BTC left exchanges Read More