Wallets holding at least 0.1% of the total supply have shown a consistently positive net flow over the past month, with a notable surge as Ethereum bounced back from its recent lows below $3k. This trend suggests accumulation in anticipation of the upcoming Ethereum ETF release, which is expected to occur around July 23rd. Our outlook for the coming week is...
Hello friends, Thanks to the collaboration between TradingView and IntoTheBlock, you can access this data for free on TradingView with the code "BTC_MVRV." Today, we will dive deep into MVRV, the primary data I use for trend tracking in Bitcoin. What is MVRV? MVRV is calculated by comparing two main metrics: market value and realized value. Market value is...
In this analysis I want to discuss a (most likely) unpopular view on the market. Namely, that the "cycle" is already over and that the peak is in for now. Preface This is not my most likely outcome for the markets. You can find my most likely outcome below: Still, it's always advised to keep an open mind and explore different potential outcomes. Overview...
When getting ready for the Onchain summer festival, it is worth taking a look at the main AERO coin from the basechain cat.dex, the event sponsored by coinbase starts in June and will last until August. AERO freshness plus a small market cap and practical use. Targets on pp.
In this analysis we talk more about yesterday's analysis where I discussed the completely normal correction that BTC has been seeing. Furthermore, chances are that we will see more of those correction in the coming months. As seen on the chart, Bitcoin sees multiple deep corrections (>20%) during bull-cycles. Sometimes they are less excessive, but >20% is...
In this analysis I want to dive deeper into on-chain analytics, namely the amount of the BTC supply that has not moved in over 1-year (read: investors that hold BTC for >1 year). This metric is important because it gauges the amount of hodlers in the market. Historically, the amount of hodlers always goes up during bear-markets and goes down during...
Just like in BTC and everywhere else in the crypto markets, the trading volumes on ETH are also very low. However, the main difference from BTC is that Ether's supply is now deflationary. Since the merge of the new consensus mechanism; Ether's circulating supply has been going down. (The first year in deflation). And alongside this data, on-chain metrics show...
Looks like a breakdown of a falling wedge pattern in BTC chart. However, the on-chain metrics tell us a very different story in terms of Bitcoin's current state. According to on-chain data, as of last week, there are 47.87m addresses with a balance in Bitcoin network. This obviously excludes user balances on centralised exchanges. It is constantly increasing and...
Given the current stability of BTC prices, I wanted to shed some light on an important metric that indicates Bitcoin's profitability and discuss the significance of HODLing for the long term. As many of you know, the SOPR (Spent Output Profit Ratio) is a widely recognized on-chain indicator used to determine the profitability of Bitcoin transactions. When the...
Hello traders As you know bitcoin started to turn bullish weeks ago, market greed has increased, and dominance is above 42%. On a day to day charts and the short term, Bitcoin hit a supply zone that is pretty strong in every timeframe. I see a rejection from that zone, and I think this rejection might create a bearish momentum for the short term; in other word, I...
Hello Traders As you can see in the chart above, Bitcoin is currently in a resistance zone which can cause capitulation. I Screenshotted a metric from Glassnode called addresses with a supply of more than 1K, Which decreased drastically in the previous bitcoin bullish movement; this alone can confirm the technical scenario. On the network data side, I saw most of...
Hello Traders, As you know, Bitcoin has rallied in the past few days, but it did not get corrected ever since. Technically on the Logartmic chart, bitcoin has broken out of its bearish trendline. I expect the price to test its previous levels to get more liquidity to continue its bullish movement. On the Onchain side, Long term holders moved their bitcoin in more...
Hello Traders As you know, the inflation rate decreased to 6% in the past day, this news created a significant bullish movement for Bitcoin Price, but don't get FOMO, Yet. As you can see Bitcoin's overall Technical shows that, the price is still in a bearish phase in the bigger picture, and is currently on an excellent resistance level, both Dynamic and static. On...
Hello Traders Bitcoin moved yesterday as we predicted with on-chain data; you can see it in the previous idea. I screenshotted a metric today called ASOL from Galssnode; Average Spent Output Lifespan (ASOL) is the average age (in days) of spent transaction outputs. This measured value has spiked today, which means that there will be a possible risk to the price....
Hello Traders As you can see in the chart above price has broken the higher levels, and now it needs a correction to continue its movement. On the Onchain side, I screenshotted a metric from Glassnode called Long term holders SOPR; the Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a...
Hello Traders As you can see in the chart above price had a bullish momentum; in the past week, Dollar Index had a death cross and decreased, which can sustain this bullish movement of bitcoin. On the Onchain side, I screenshotted a metric from Glassnode called Net realized Profit/Loss, which is the net profit or loss of all moved coins. The metric value has...
hello you know everybody can analyze the market when Onchain is good, but we update every day to find a better picture of what you are doing. Despite the increase in selling at a loss due to traders' fear of the current conditions, we see distributions in profits that this activity can be considered likely from older coins. By checking the CDD index (number of...
Hello Traders Merry Christmas. As you know, each year that we get close to holidays and the new year, Bitcoin volume and open Intrest drop; in conclusion, we will see less volatility in the price, and I believe that's why we had this much consolidation on the current price zone. The price might continue the consolidation. On the Onchain side, it's visible that...