Bitcoin In Danger Of Another Selloff, This Metric Suggests
[ad_1] A Bitcoin on-chain indicator is currently forming a pattern that has previously led to significant selloffs of the cryptocurrency. Bitcoin 100-Day SMA Supply Adjusted Dormancy Has Rapidly Gone Up As pointed out by an analyst in a CryptoQuant post, the selloff could potentially be even stronger than the...
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Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?
[ad_1] On-chain data shows the Bitcoin coinbase premium gap has improved recently and is now approaching a neutral value, suggesting the selling pressure may be drying up. Bitcoin Coinbase Premium Gap Close To Zero, But Still Negative As pointed out by an analyst in a CryptoQuant post, the selling...
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Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders
[ad_1] Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing...
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Bitcoin Price Plunges below $40,000, as Global Crypto Market Sell-Off
[ad_1] On Monday January 10, Bitcoin plunged its price below $40,000 for the first time since September 2021. The negative record therefore heightened a bear trend that began six weeks ago. Today, the lowest price reached during this fall was $39,558. The dip saw more than $295 million liquidated...
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