Following an impressive rise above $100,000, Bitcoin has fallen into a multi-week downtrend, prompting concerns about its alignment with the 2017 bull Market. This analysis compares Bitcoin’s current price behavior to past cycles, revealing notable similarities but also important divergences. Although the correlation between the current cycle and 2017 remains high at around 91%, recent ...
After hitting over $100,000, Bitcoin has entered a downtrend, prompting speculation about its alignment with the 2017 bull cycle. Analyzing current trends shows that while Bitcoin’s behavior has mirrored previous cycles, recent price movements diverge from the 2017 pattern. The correlation between the two cycles stands at a high 91%, indicating strong historical ties despite ...
As Bitcoin’s price continues to rise, a significant on-chain metric, the Short-Term Holder Spent Output Profit Ratio (STH SOPR), indicates that short-term investors are starting to sell at a loss. This metric helps evaluate whether short-term holders are making profits or losses by comparing recent STH activity to longer-term trends. When STH SOPR turns negative, ...
Bitcoin has seen a decline of 2%, now trading around $94,000, as recent US economic data sparked sell-offs in both stock and cryptocurrency markets. On-chain indicators show that Bitcoin’s Accumulation Trend Score has dropped significantly, hinting at a shift from accumulation to distribution, especially among large holders. Despite this selling trend, Bitcoin’s Market Value to ...
Bitcoin has seen a 2% drop recently, falling to around $94,000, prompting significant selling in both the cryptocurrency and stock markets. On-chain data shows that Bitcoin’s Accumulation Trend Score has plummeted to 0.21, indicating a shift towards asset distribution among holders, particularly among large investors. Despite this trend, Bitcoin’s Market Value to Realized Value (MVRV) ...
Recent on-chain data reveals that the Realized Price for Bitcoin’s short-term holders is currently at $86,800, making this a critical level to observe. This figure indicates the average price at which recent investors break even on their purchases. The Market Value to Realized Value (MVRV) Ratio for these short-term holders suggests they are still holding ...
