After experiencing the new ATH, BTC has ushered in a decline. According to CryptoQuant, this correction may be due to short-term holders' selling.π
https://t.me/Blockchain_Crypto_Bitcoin
https://t.me/Blockchain_Crypto_Bitcoin
The #BTC Fib Multipliers model gives a projected cycle peak price of $267K-$409K.
We focus on the 5.618 & 8.618 Fib lines, which are at $233K & $357K today respectively.
BTC looks right on time to repeat its parabolic run in past cycles, rhyming more with the 2013 bull phase.
https://t.me/Blockchain_Crypto_Bitcoin
We focus on the 5.618 & 8.618 Fib lines, which are at $233K & $357K today respectively.
BTC looks right on time to repeat its parabolic run in past cycles, rhyming more with the 2013 bull phase.
https://t.me/Blockchain_Crypto_Bitcoin
According to Arcane Research, driven by the Bitcoin futures ETF, CMEβs open interest in Bitcoin futures accounted for more than Binance this week. CMEβs open interest accounted for approximately 22.3% of the market, while Binance accounted for approximately 21.9%.
https://t.me/Blockchain_Crypto_Bitcoin
https://t.me/Blockchain_Crypto_Bitcoin
#Bitcoin Market Cap: $1.152 trillion
#Bitcoin Realized Cap: $427 billion
Market cap multiplies circulating supply and price, while realized price aggregates every coin at the price it was last moved on-chain.
Both up and to the right on a logarithmic scale.
https://t.me/Blockchain_Crypto_Bitcoin
#Bitcoin Realized Cap: $427 billion
Market cap multiplies circulating supply and price, while realized price aggregates every coin at the price it was last moved on-chain.
Both up and to the right on a logarithmic scale.
https://t.me/Blockchain_Crypto_Bitcoin
The sum of all stablecoins stored in the wallets of all exchanges.
https://t.me/Blockchain_Crypto_Bitcoin
https://t.me/Blockchain_Crypto_Bitcoin
#Ethereum $ ETH The total value of the ETH 2.0 deposit contract has just reached 8,005,122 ETH ATH
https://t.me/Blockchain_Crypto_Bitcoin
https://t.me/Blockchain_Crypto_Bitcoin
During these hours, there is a serious increase in the number of stablecoin addresses flowing into the exchanges. The data, which we consider 80 and above, reached 200 and above at the following hours. It can create a bullish situation in the short-term, #Bitcoin purchase may come.
https://t.me/Blockchain_Crypto_Bitcoin
https://t.me/Blockchain_Crypto_Bitcoin
#Bitcoin open interest in CME futures contracts has increased by $3.95B over the course of October
This is in part driven by the introduction of the $BITO ETF product
This represents a 265% growth in open interest since the end of September.
https://t.me/Blockchain_Crypto_Bitcoin
This is in part driven by the introduction of the $BITO ETF product
This represents a 265% growth in open interest since the end of September.
https://t.me/Blockchain_Crypto_Bitcoin
Leveraged funds are opening new shorts of CME bitcoin futures taking advantage of the widening basis
https://t.me/Blockchain_Crypto_Bitcoin
https://t.me/Blockchain_Crypto_Bitcoin
According to glassnode, the number of addresses holding more than 100 bitcoins has just reached 16,200, a new high in the past five months.
https://t.me/Blockchain_Crypto_Bitcoin
https://t.me/Blockchain_Crypto_Bitcoin
$BTC Supply on Exchanges accelerates to the downside ππ
Very bullish for the price. $100K is programmed π
https://t.me/Blockchain_Crypto_Bitcoin
Very bullish for the price. $100K is programmed π
https://t.me/Blockchain_Crypto_Bitcoin
πVery low BTC Reserve, Very high Stablecoins!
"BTC Price possibly goes up more if Stablecoins are used for buying more BTC with BTC Reserve being low."
https://t.me/Blockchain_Crypto_Bitcoin
"BTC Price possibly goes up more if Stablecoins are used for buying more BTC with BTC Reserve being low."
https://t.me/Blockchain_Crypto_Bitcoin
βπ°Put your money where your mouth is regarding NFTsπ°
Think itβs all just hype and inflated? Short the market here: https://polymarket.co/cryptopunk
Are you a firm believer that NFTs are the future? Long the market here: https://polymarket.co/cryptopunk
Think itβs all just hype and inflated? Short the market here: https://polymarket.co/cryptopunk
Are you a firm believer that NFTs are the future? Long the market here: https://polymarket.co/cryptopunk
#Bitcoin balance held on exchanges has continued to decline this week.
Balances have fallen to 2.474M $BTC, returning to levels last seen in Aug 2018.
Since Feb 2020, the average rate of outflow has been 30.85k $BTC per month.
https://t.me/Blockchain_Crypto_Bitcoin
Balances have fallen to 2.474M $BTC, returning to levels last seen in Aug 2018.
Since Feb 2020, the average rate of outflow has been 30.85k $BTC per month.
https://t.me/Blockchain_Crypto_Bitcoin
#Bitcoin aSOPR metric has reset back to 1.0.
In a bull market this usually signals:
- Top buyers are realizing losses (flushed out)
- Profitable coins (HODLers) are staying dormant
- Reasonable probability for a price bounce
https://t.me/Blockchain_Crypto_Bitcoin
In a bull market this usually signals:
- Top buyers are realizing losses (flushed out)
- Profitable coins (HODLers) are staying dormant
- Reasonable probability for a price bounce
https://t.me/Blockchain_Crypto_Bitcoin
BTC is increasingly being held for relatively long periods, and as of October 25th over 66% of total BTC supply has been held for at least 6 months.
https://t.me/Blockchain_Crypto_Bitcoin
https://t.me/Blockchain_Crypto_Bitcoin