#PUNDIXPERP
I am entering PUNDIX if there is a confirmed breakout of the symmetrical triangle to upward.
I am entering PUNDIX if there is a confirmed breakout of the symmetrical triangle to upward.
According to the Average Spent Output Lifespan (ASOL) metric, which provides insight into the average age of all UTXOs spent that day, LTHs primarily held through the recent dip as evidenced by the ASOL falling dramatically “back to levels below the accumulation range seen between $50,000 and $60,000.”
Further proof that it has been STHs who are behind the sell-off can be found by comparing the amount of on-chain Bitcoin transfer volume that is in profit (LTHs) to the at a loss (STHs).
Further proof that it has been STHs who are behind the sell-off can be found by comparing the amount of on-chain Bitcoin transfer volume that is in profit (LTHs) to the at a loss (STHs).
#KMDBTC
KMD has reached the resistance of a descending channel, looks like it’s ready for a decline. Watch for a leg down.
KMD has reached the resistance of a descending channel, looks like it’s ready for a decline. Watch for a leg down.
The Puell Multiple is one of the best-known BTC price tools. Its readings judge the likelihood of a sell-off or uptick based on miner profitability. Currently, it makes little sense for miners to sell unless out of sheer necessity.
The metric is now trading at the 1.40 level, closer towards the green zone, where miners have a lesser incentive to sell. This signifies potential buying opportunities should the multiple declines to below 1.0.
The metric is now trading at the 1.40 level, closer towards the green zone, where miners have a lesser incentive to sell. This signifies potential buying opportunities should the multiple declines to below 1.0.