Long-Term Bitcoin Holders Aren’t Showing Sings Of Greed – Metrics Reveal A Bu...
Bitcoin is on the verge of breaking its all-time high, and investors feel the euphoria as BTC approaches a pivotal point. Market anticipation is building, with many expecting a strong surge once BTC enters price discovery and moves into uncharted territory. Critical data from Glassnode reveals an interesting sentiment among long-term holders: despite the rally, […]
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Bitcoin has remained sideways for the last couple of months, tossing between the $88K and $75K levels. It hasn’t made any significant moves to either side. New data from Glassnode shows that short-term Bitcoin holders are sitting on significant unrealized losses. On the other hand, however, long-term $BTC holders are still in profit. Keep reading to find out how Bitcoin can move in the weeks to come. We’ll also suggest some of the best altcoins you can buy to benefit from a potential $BTC rally. Is $BTC Bearish Now? It’s still too early to say that BTC has gone into bearish....
According to data, bitcoin balances on exchanges are shrinking a great deal and have dropped to levels not seen in two years. Arcane Research detailed that charts showing the number of bitcoin leaving exchanges has seen a sharp decline and has been “one of the main stories of the year.” Meanwhile, onchain metrics indicate a number of older coins are being sold as bitcoin’s value increases. Bitcoin Held on Exchanges Drops by 21% Since February In 2020 there’s a lot of cryptocurrencies held on exchanges, however, the aggregate number of bitcoin (BTC) held on trading....
Changpeng Zhao, Binance former CEO, remains an active commentator on the state of crypto’s affairs. In a recent Twitter/X post, CZ criticized the prevailing investment thesis and culture for many, which is primarily driven by greed and the quest for quick profits. The former Binance big boss blasted current holders fixated on small and quick […]
Data shows the Bitcoin market has been stuck in a state of extreme fear since the 5th of May, meaning this run of bottom sentiment has gone on for more than a full month now. Bitcoin Fear And Greed Index Continues To Point At An Extremely Fearful Market According to the latest weekly report from Arcane Research, the crypto market is currently going through its longest run of extreme fear since the COVID crash back in 2020. The “fear and greed index” is an indicator that tells us about the general investor sentiment in the Bitcoin and wider crypto market. The metric uses a....
On-chain data shows that Bitcoin long-term holders have continued to hold strong recently as their exchange inflows have remained low. Bitcoin Long-Term Holder Supply Has Set A New All-Time High The “long-term holders” (LTHs) refer to all those investors who have been holding onto their coins since more than 155 days ago. Generally, the longer […]