Can Bitcoin Continue Rally? Rising Volume May Hint So
Submitted by Anonymous (not verified) on Thu, 08/31/2023 - 22:20On-chain data shows the Bitcoin trading volume has been increasing recently, which could help further the asset’s rally.
On-chain data shows the Bitcoin trading volume has been increasing recently, which could help further the asset’s rally.
On-chain data shows both the short-term and long-term Bitcoin Cash holders have entered into profits following the 13% rally.
On-chain data shows the Bitcoin sharks and whales added to their holdings right before the latest rally in the asset’s price occurred.
Data shows the crypto futures market has seen a large amount of liquidations on Wednesday as Bitcoin has registered a sharp surge.
On-chain data shows the Bitcoin transaction volume has plunged to a 3-year low, a sign that may not be positive for the cryptocurrency.
Data shows the Bitcoin mining hashrate has remained at high levels recently, despite the hashprice observing a deep plunge.
Data shows the Ethereum total transaction fee has declined to 6-month lows recently, indicating that investors aren’t engaging much with the coin.<
As Binance continues to be surrounded by FUD, here’s what the CryptoQuant head thinks regarding the possibility of a bank run.
Here’s how the current Bitcoin price compares against the previous cycles when they were at similar phases in their lifespan.
Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price.
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