Bitcoin's on-chain metrics depict the onset of a bull market as the price continues to be dominated by the derivatives market.
, Bitcoin’s current market price is above its realized one of $20,361. This essentially means that market participants are in profit, who are likely to hold their positions as, on aggregate, longer-term holders have been in profit since the beginning of the year, Bitfinex explained.
The creation of new Bitcoin wallets can be observed as the 30-Day Simple Moving Average surpassed its 365-Day SMA in November. Such an uptick in wallet creation typically coincides with or precedes the beginning of bull markets, indicating a potential positive price movement for the crypto shortly.The Bitcoin market realizing more profits than losses further indicates a favorable market condition for sellers. This is yet another sign strengthening the bullish thesis.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000 – Market Updates Bitcoin NewsBitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies.
Consulte Mais informação »
BitcoinSV (BSV) Soars 11% Daily, Bitcoin (BTC) Bounces Off $29K: Market WatchOptimism's native token is also on the rise yet again today, with another 7% increase.
Consulte Mais informação »
Bitcoin (BTC) Sees Rare Weekly Chart Occurrence, Where Might This Lead?Bitcoin (BTC) showing seldom-seen weekly chart signal; what this implies BTC $BTC
Consulte Mais informação »
Bitcoin mining update: Stocks cool off, miners send BTC to exchanges to prep for halvingMiners are bracing for a bumpy ride as they head into the halving, with competition and profitability expected to remain under pressure.
Consulte Mais informação »
Bitcoin Whale Michael Saylor Might Buy a Lot More BTCJUST IN: saylor's MicroStrategy plans to sell up to $750 million of stock to fund, among other things, more $BTC purchases. inkbacker reports
Consulte Mais informação »
BTC price 'fireworks' after monthly close? 5 things to know in Bitcoin this weekBitcoin starts the week with a monthly candle close with BTC price action still sideways.
Consulte Mais informação »