Bitcoin is now 86% through on the path toward the next halving. Here’s what the last two cycles looked like at the same mark in their lifespans. Bitcoin Progress Towards Next Halving Has Now Hit 86% In a post on…
On-chain data shows the trading volumes of XRP and Polygon have hit monthly highs as investors are displaying FOMO towards the assets. XRP, Polygon See Volume Spike Similar To Bitcoin’s Surge A Few Days Back According to data from the…
Bitcoin has dropped to $27,500 today as on-chain data shows Kraken’s cryptocurrency exchange has received its largest deposit since 2018. A Large Amount Of Bitcoin Has Entered Kraken In The Past Day An analyst in a CryptoQuant Quicktake post explained…
Data shows the Bitcoin rally above the $28,400 level has triggered $110 million in liquidations across the cryptocurrency futures market. Bitcoin Rally Leads To Mass Liquidation Event In Futures Market During the past day or so, Bitcoin has rapidly increased,…
The Maker token, MKR, has managed to break the $1,500 level with a sharp 15% rally as on-chain data shows MKR has seen high address activity recently. Maker Has Outperformed Top Coins With 15% Rally In Past Week While giants…
Is the Bitcoin mining network decentralized enough? Or do the big miners control a significant part of it? Here’s what the latest data says. Public Bitcoin Miners Control Around 28% Of The Total Hashrate In a new post on X,…
An analyst has pointed out how the latest Bitcoin purchase by Microstrategy could explain a pattern observed in this metric recently. Microstrategy’s Purchase Behind Recent Positive Coinbase Premium? Yesterday, Michael Saylor’s Microstrategy announced that it has acquired an additional 5,445…
Data shows the Ethereum funding rates have been quite negative in recent days. Here’s what this could mean for the cryptocurrency’s price. Ethereum Funding Rates Have Been Under The Zero Mark Recently As explained by an analyst in a CryptoQuant…
Chainlink has observed some sharp growth recently, but can the cryptocurrency keep up this run of bullish momentum? Chainlink Has Enjoyed Notable Returns During The Past Week While the rest of the digital asset sector has been struggling recently, Chainlink…
Data shows the Bitcoin correlation with the US dollar index and stock market indexes like S&P 500 and Nasdaq 100 have dropped low recently. Bitcoin Is Showing Little Correlation To Any Index Right Now In a new post on X,…
Data shows Bitcoin shorts have been piling up on cryptocurrency exchanges Binance and Deribit during the past few days. Bitcoin Funding Rates On Binance & Deribit Are Deep Red Right Now According to data from the analytics firm Santiment, traders…
Here’s what the Bitcoin network fundamentals have to say regarding whether the cryptocurrency could see a bull run soon or not. Monthly Average Bitcoin New Addresses Have Shot Up Recently In a new post on X, analyst Ali discussed the…
On-chain data shows the Chainlink whales have deposited $350 million of the asset into exchanges, a sign that could be bearish for LINK’s price. Chainlink Large Transactions Volume Has Spiked Recently As pointed out by analyst Ali in a post…
Here’s what data says regarding how correlated Dogecoin, Shiba Inu, and other altcoins have been to Bitcoin during the past month. The Correlation Matrix Between Various Assets And Bitcoin In a new post on X, the market intelligence platform IntoTheBlock…
Bitcoin has observed a surge towards the $26,700 level in the past day. Here’s what on-chain data says regarding whether this rise would stay. Bitcoin Has Broken The $26,700 Level During The Past Day After a long run of stagnation…
Data shows the Bitcoin Net Taker Volume has turned significantly positive recently, a sign that may be bullish for the asset. Bitcoin Net Taker Volume Has Risen To Positive Values Recently In a new post on X, the CryptoQuant Netherlands…
Data shows the Bitcoin market sentiment has worsened recently and is approaching extreme fear territory. Bitcoin Fear & Greed Index Has Plunged Inside The Fear Region Recently The “fear and greed index” is a Bitcoin indicator that tells us about…
On-chain data suggests the smallest of Bitcoin investors, the shrimps, have been showing smarter behavior during this cycle. Bitcoin Shrimps Accumulated During The Bear Market Crashes This Cycle In a new post on X, the lead on-chain analyst at Glassnode,@_Checkmatey_,…
The pattern of an on-chain metric may suggest that Bitcoin could see more downside ahead before a rebound is found. Bitcoin STH SOPR Hasn’t Hit The Bottom Zone Yet An analyst in a CryptoQuant Quicktake post explained that the BTC…
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) ratio is nearing a retest that could be crucial for the asset. Bitcoin MVRV Ratio Is Nearing In On The 1.2 Level As an analyst in a CryptoQuant Quicktake…