Thursday, April 18, 2024
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Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity

Bitcoin’s price action suggests that the asset remains in a precarious position, and a recent report from ARK Invest says that short-term Bitcoin investors had no choice but to capitulate in August, as the percentage of Bitcoin supply in profit fell by 14 percentage points. Bitcoin market sentiment and monthly valuation change in

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Is Bitcoin’s record-low volatility and decline in short-term holders a bull market signal?

The latest report from Glassnode Insights, titled "The Week On-Chain," emphasized that Bitcoin (BTC) has reached historically low levels of volatility. This has led to a mere 2.9% separation between the asset's Bollinger Bands, indicating an exceptionally narrow trading range. This situation has only been observed twice in Bitcoin's history: in

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