A massive volume of BTC left centralized exchanges tracked by Glassnode in March. According to the on-chain data provided, traders and investors removed approximately 211,000 BTC from trading platforms to their private wallets or exchanged the cryptocurrency for fiat.
Is the current price the market bottom of bitcoin? We examine the answer to this question based on 3 on-chain ratios. The NUPL value has been lower than 0.25 and 0 in the previous market bottoms. The NUPL is 0.37 now and is in a downtrend. Therefore bitcoin is likely to experience lower values before the start of the next uptrend. The MVRV ratio Says "No" to...
A look at the technical and on-chain analysis on bitcoin shows that the market has not yet decided for the future trend. In the Ranko diagram, we can see a wedge that is neither ascending nor descending In Ichimoku analysis, bitcoin has entered the Kumo cloud. This indicates that the market is making decisions and it is recommended not to trade. OnChain...
ONCHAIN analysis can be equated with fundamental analysis in the world of cryptocurrency. SOPR is an Abbreviation of The Spent Output Profit Ratio (SOPR). it is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. In fact, this index shows whether investors are in profit or...
SOPR is an Abbreviation of The Spent Output Profit Ratio (SOPR). it is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. In fact, this index shows whether investors are in profit or in loss? See the link below for more information on SOPR: In this analysis, we want to...
BTC supply on exchanges is back to 2018 levels, its only a matter of time for demand to come in, and the result is evident.
3 Months of Bear Phase ; What Happened? What Will Happen Next? (On-Chain Perspective)
The closest support according to the on-chain cost-basis of whales is $34,834. Let’s see how #Bitcoin reacts Another gap in on-chain volume profile, however, this time accounting for the whale one and also to the downside. Some confluence is building upon the 34k level though.
BYBIT:BTCUSD BINANCE:BTCUSDT Recently we had a bounce above $50796 and it's also broke above Daily EMA200 ! Now it's been rejected because of the hourly candle close below $50796 and it's located one Daily EMA200 and EMA 33/55 cloud. The main idea is still can be bullish because of the support from $49500's S/R line and the EMAs below. But any confirmation...
Hi. Looking at some on-chain data on several blockchains, we have an unusual movement. Price Drawdown from ATH The percent drawdown of the asset's price from the previous all-time high. When the value is equal to zero, we have no drawdown. When it is less than zero we have a drawdown multiplied by 100 (percentage). When the indicator hits the top several...
Hi. Here's my analysis on Bitcoin\Dollar price. // --------------------------------------------------------------- // Graphical Analysis // --------------------------------------------------------------- On the weekly chart we have a long diagonal support line. Every time the price hit the line, it was a great time to buy. The same is happening now. Looking...
Hello. I'm doing another Bitcoin analysis, complementing the first one (or correcting if that's the case). Now I'm trying to be more simplistic and objective, considering the most recent scenario, and discarding some indicators that say the same thing. 1. Graphical analysis High Channel The price is testing the support line. Now might be a good time to...
Hello. Below is an analysis of Crypto.com, an exchange that is aggressively marketing and that is snapping up the market. F undamentalist analysis Crypto.com has two main products: the centralized exchange and the DeFi wallet. In the DeFi wallet, it is already possible to interact via the Ethereum network and two own blockchains: "Crypto.org Chain" and...
The orange line is 200-day moving average is represented as a line on charts and represents the average price over the past 200 days or 40 weeks. If we look at the chart 200DMA plays its role as resistance during the bear market and during a bull market, it acts as a support line. The Mayer Multiple simply takes the ratio between the price and 200 days. When...
Reserve risk shows us the risk-reward balance which correlates to the confidence and conviction of long-term holders. The ratio between the current price of the coin (intention to sell) and the reaction of long-term holders (opportunity cost of not selling). When Reserse Risk is LOW, means that HODLer conviction is high and they refused to spend their coins,...
Hi all dear traders! Today we are going to talk and explain the basic fundamental stuff about Bitcoin HODL Waves, some important key values and how the overall supply impact the market trend. Let's start! HODL Waves take the entire supply of coins by categorising it out by lifespan and then developing a series of age bands which could be 24 hours to a month...
Bitcoin is programmed math - therefore i believe trends are easier to recognize and distinguish (especially when cross referencing on-chain analytics). Here's the LONG story short: I measured the amount of days from the halving to the cycle top, which gave me an ~33% increase. I then added the 33% to the 2017 cycle which equals ~707 days. This puts Bitcoin's...