The goal of this article is to zoom out and highlight some of the latest bitcoin market moves through the lens of on-chain data: realized price, profit-taking behavior and bitcoin supply levels.
For a more in-depth look into this topic, check out a recent YouTube video here: Bitcoin Data Driven Analysis & On-Chain Roundup The Puell Multiple, a measure comparing miners’ daily USD ...
Bitcoin has been trading within a tight range between $90,897.72 – $102,290 and continued trading in this zone before momentarily dipping to $89,800 during the late trading hours on January 13.
Glassnode’s on-chain metrics explain why Bitcoin is holding steady between $96K and $98K despite fears of a potential decline to $90K. In a recent tweet, Glassnode emphasized the advantages of ...
Some of the best single month returns for Bitcoin have come in Februaries following halving years. 2024 was a halving year. On-chain data shows diminishing supply held via exchanges, and miner ...