Bitcoin velocity is at multiyear lows, with the BTC supply last this dormant before breaking out past $20,000.
Bitcoin on-chain activity is at levels last seen before its run to 2021 all-time highs, data shows.on Aug. 25, Ki Young Ju, CEO of analytics platform CryptoQuant, revealed multiyear lows in Bitcoin velocity.Bitcoin is becoming increasingly static at current price levels — with an overall BTC price trend absent for months, the impetus to buy or sell is reduced.
Underscoring this status quo is velocity, which is a measurement of BTC units moving around the network. According to CryptoQuant, on daily timeframes, the metric is now at levels last seen in October 2020.“It can be seen as positive since whales are holding onto it, or negative since it’s not being transferred to new investors.”Ki referred to a similar absence of major trading activity among high-volume investors — part of a narrative that states that
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BTC miners dump over 2,800 BTC in 24 hours as Bitcoin price dips below $26,000Bitcoin price crash brought losses to everyone - investors and traders and did not even spare miners. The people who have been validating the blocks o
Lire la suite »
Bank of America says this top cloud pick can rally 50% from hereThe bank raised its price target by $20 following the company's earnings report.
Lire la suite »
30 Things I Bet No One Will Believe You Got For Less Than $20Your feet are about to be so cozy in the smiley face slippers you got for a steal.
Lire la suite »
Bitcoin 'overconfidence reigns' but bulls must reclaim $27.8K — TraderBitcoin trader says bulls are 'over-confident' as BTC price stays below key support.
Lire la suite »
Bitcoin 'overconfidence reigns' but bulls must reclaim $27.8K — TraderBitcoin trader says bulls are 'over-confident' as BTC price stays below key support.
Lire la suite »
Only 5.8% of BTC in Circulation Sits on Exchanges But Bitcoin Price Struggles: SantimentBitcoin's low supply on exchanges shows that BTC holders have not regained their confidence and trust in centralized platforms.
Lire la suite »