A CryptoQuant analyst believes a significant pullback for Bitcoin could be inevitable based on the net taker volume indicator data.
The on-chain analytics firm Glassnode has explained why the current Bitcoin rally is looking different from the last two surges of this year.
On-chain data shows that Bitcoin miners have turned to selling recently, a sign that the asset’s price could be bearish.
On-chain data shows the number of new Bitcoin addresses is on the decline, a sign that could be bad for the sustainability of the ongoing BTC rally
Data shows that cryptocurrency traders on social media are still bullish about the market, something that could actually be negative for Bitcoin’s
Data shows a huge amount of liquidations have occurred on the crypto futures market today following Bitcoin’s sharp surge toward $37,000.
On-chain data suggests the Bitcoin rally could continue further as the sector is still observing significant positive capital netflows.
Data shows the social media sentiment around Bitcoin has turned bearish, something that could be positive for the asset’s price.
Data shows that traders on social media are showing signs of euphoria right now, something that could lead to a setback for the Bitcoin rally.
