A Bitcoin cycle analyst has revealed a “cheat sheet” for the cryptocurrency’s price based on the data of an on-chain indicator.
On-chain data shows that Bitcoin long-term holders have notably increased their supply this year. Here are the exact numbers.
On-chain data shows that Bitcoin short-term holders may have sold BTC worth almost $4.5 billion during the past four days.
On-chain data shows a Bitcoin indicator has been forming a bearish divergence for a while now, a sign that the top may be close for the asset.
On-chain data from Glassnode suggests that 83.7% of the Bitcoin short-term holder supply is currently being held at an unrealized loss.
On-chain data shows that Bitcoin short-term holders have contributed to 78% of the total exchange inflows in the market recently.
On-chain data from Glassnode shows that Bitcoin short-term holders are currently realizing 55.6 times as many profits as losses.
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.
On-chain data shows the Bitcoin short-term holder cost basis has now risen to $25,300; here’s what this tells us about the market.
Bitcoin has dropped below $27,000 as short-term holders have locked in the highest profits since the November 2021 all-time high.
