On-chain data from Glassnode shows 96.9% of Bitcoin short-term holders are in profit following the asset’s rally above the $30,000 level.
Data shows the Bitcoin monthly average trading volume has now surpassed the yearly average one. Here’s why this may be bullish for the asset.
PEPE has observed a sharp increase of around 64% during the past few days, but is this rise here to stay? Here’s what on-chain data suggests.
On-chain data shows the Bitcoin investors have locked in profits amounting to $537 million following the latest rally in the asset’s price.
Here’s how the Bitcoin inscriptions have affected miner economics (particularly in terms of the transfer fees) since they emerged on the scene.
Data shows the crypto futures market has seen liquidations of nearly $180 million during the past day as Bitcoin has surged toward $29,000.
Glassnode has explained that Bitcoin investors might still have to wait 8 to 18 months before a new all-time high if history is anything to go by.<
On-chain data shows that Bitcoin long-term holders have remained adamant recently as their movements remain at low levels.
The largest stablecoin in the cryptocurrency, Tether (USDT), recently lost its $1 peg.
Data shows that Bitcoin dominance has risen to a value of 47.6% as investors have been rotating their altcoins into BTC.
