This Bitcoin Metric Says The Bull Market Might Soon Be Over
Bitcoin price has retraced 10% from highs and is still reeling from the rejection from above $60,000. The pullback has caused two important long-term moving averages to come dangerously close to death-crossing, that when crossed in the past have signaled that the top is in for the bull market. Here’s what data says about the […]
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After a sharp pullback in Bitcoin’s price, there are speculations that the cryptocurrency market has shifted into a bearish phase, marking an end to the bull market. Despite this significant drop, a key metric is showing signs that the market pain is likely to continue, reinforcing this current downward pressure. Bitcoin Metric Warns The Pullback […]
A quant breaks down how the Bitcoin NUPL indicator may be able to predict the beginning of a new bull run based on past pattern. How The Bitcoin NUPL Metric May Predict The Start Of Bull Run As explained by an analyst in a CryptoQuant post, the various phases of the NUPL indicator may shed some light relating to the bull run status for BTC. The net unrealized profit and loss (or NUPL in short) is a metric that’s defined as the difference between the market cap and the realized cap, divided by the market cap. NUPL = (Market Cap – Realized Cap) ÷ Market Cap In simpler terms, what....
Bitcoin may be demonstrating a slight rebound from its recent downward trend, which began after it hit a new all-time high, but discussions about a possible cycle top are intensifying within the community. While this discussion is accompanied by speculations about this bull cycle nearing its end, an analyst has highlighted a key metric that […]
The Bitcoin price has been gaining momentum and steadily rising back to a more bullish price position of $30,000. Despite market downturns, long-term holders of the cryptocurrency are increasing their investments in hopes of a significant bull run. s the holder metric hits a new all-time high. Bitcoin Price Rises As Holder Metric Peaks Bitcoin’s […]
CryptoQuant’s Bitcoin Bull-Bear Cycle Indicator is flashing a green signal for the first time since March 2023. Here’s what it could mean for the asset. Bitcoin Now In “Early Bull” Phase On CryptoQuant’s Market Cycle Indicator As highlighted by an analyst in a CryptoQuant Quicktake post, the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator has signaled a shift for the cryptocurrency recently. This indicator tells us, as its name suggests, about the phase of the cycle that BTC is potentially inside right now. Related Reading: SUI Surges 40%: Analytics Firm....