Browsing Tag
On-Chain
4 posts
Bitcoin On-Chain Demands Suggests That The Market Has Reached Its Bottom
Bitcoin on-chain analysis can be a good way to try to guess where the market is headed. The market tends to repeat itself with metrics looking the same before a bull or a bear rally, thus making this data a pretty good indicator of what’s to come. Analyst Willy Woo uses this same data to…
On-chain data shows people are hodling Bitcoin despite price slump
Edge › Bitcoin › AnalysisBitcoin isn't changing hands as much as its current price would have you think. Andjela Radmilac · January 3, 2022 at 11:00 pm UTC · 2 min read The latest data from analytics company Glassnode showed that people have spent the last few months of 2021 hodling their Bitcoin. And according…
Bitcoin On-Chain Analysis: 2021 Sees Year of Massive Consolidation for Bitcoin (BTC)
Today’s on-chain analysis summarizes 2021 in the Bitcoin (BTC) market, during which high volatility in the BTC price was combined with macro consolidation and generally sideways price action. BeInCrypto compares the values of several key on-chain indicators from the beginning and end of the year. The Bitcoin price is up 65.50% year-to-date and is closing…
BTC On-Chain Analysis: Exchange Balances Continue Drying Up
A look at on-chain indicators for Bitcoin (BTC), more specifically those related to exchanges and institutional investors. After a brief period in May in which exchange balances were increasing, they have started to dry up once more and reached a yearly low on Sept 26. BTC Exchange balance The total amount of BTC that is held on…