Bitcoin Is Weak: BTC Recovery Will Be Delayed, Here’s Why
Submitted by Anonymous (not verified) on Fri, 08/02/2024 - 22:40Bitcoin is weak at spot rates, contracting from July 2024 peaks to below $66,000.
Bitcoin is weak at spot rates, contracting from July 2024 peaks to below $66,000.
Data shows the American exchanges are observing a rise in their Bitcoin dominance. Here’s what happened the last two times this trend appeared.
Data from Glassnode has revealed that the Bitcoin supply is gradually dispersing from whales and exchanges to smaller hands with time.
On-chain data suggests Bitcoin OTC transactions have been active recently, while exchange transfers have gone down.
Data shows the Bitcoin trading volume on exchanges other than Binance has recently been near the yearly lows reached in April.
The sudden collapse of Celsius has raised questions about the future of cryptocurrency lending and whether or not it is a viable investment option.
Data shows the Bitcoin fund flow ratio has been going down in the last couple of years, suggesting that whales have started to prefer selling throu
Buying bitcoin for the first time? Coinbase isn't the only game in town.
Buying bitcoin for the first time? Coinbase isn't the only game in town.
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