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A New Metric to Evaluate Crypto Ecosystem Fundamentals
5.7.2023
The years-to-profitability ratio is a good way to evaluate a level-1 blockchain
BTC price metric warns that Bitcoin speculators may sell past $33K
27.6.2023
Bitcoin speculators continue to form an important focus for BTC price analysis, as their profitability nears classic selling levels
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
21.6.2023
This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas (LNG) from Qatar on an annual basis. Under...
Crypto Global Bid and Ask Metric Plunged 20% Over Weekend, Points to Paper Thin Liquidity
12.6.2023
Hyblock Capital's global bid and ask indicator plunged 20% during Saturday's altcoin crash, indicating a sharp deterioration in the crypto market liquidity
Bitcoin Now Undervalued vs S&P 500, According to This Metric
8.6.2023
Bitcoin (BTC) is now undervalued versus the S&P 500.
That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price based on the current S&P 500 price.
This...
Bitcoin hodlers exited 'capitulation' above $20K, new metric hints
31.5.2023
Long-term holder spending is "seeking equilibrium," Glassnode suggests — but nothing will be quiet for long
NFT Trading Volume on Track to Drop Below $1B, But Does That Metric Matter?
18.5.2023
When looking at the health of the NFT market, it's important to consider multiple metrics that provide insight into trader behavior shifts
This Metric of Bitcoin (BTC) Price Momentum Just Fell to its Lowest Since March – Is Now a Good Time to Buy?
17.5.2023
A key metric that measures momentum in the Bitcoin price just fell to its weakest level since March.
Last week, Bitcoin’s Z-score to its 200-Day Moving Average fell under 1.0, where it has remained more or less ever since.
That means that the current Bitcoin price is only just under one standard...
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases
4.5.2023
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01...
Brace for BTC price volatility? Bitcoin 'coin days destroyed' metric jumps to 2-month highs
8.3.2023
A large transfer of Bitcoin associated with the U.S. law enforcement likely cased a spike in the on-chain metric
Is the Bitcoin Rally Running Out of Steam? Analysts Worry That This Key Metric Isn’t Improving
21.2.2023
As the Bitcoin (BTC) price continues to go sideways just below the $25,000 level, traders are trying to assess whether the world’s largest cryptocurrency by market capitalization has enough oomph to muster another breakout above key resistance. For the last five days, sell pressure ahead of...
Is the Bitcoin Rally Running Out of Steam? Analysts Worry That This Key Metric Isn’t Improving
21.2.2023
As the Bitcoin (BTC) price continues to go sideways just below the $25,000 level, traders are trying to assess whether the world’s largest cryptocurrency by market capitalization has enough oomph to muster another breakout above key resistance. For the last five days, sell pressure ahead of...
Bitcoin Bears Beware – Yet Another Key Metric is Flashing a BTC Buy Signal
17.2.2023
Another key metric is flashing a Bitcoin buy signal. That’s according to a tweet by popular crypto analyst/influencer Mohit Sorout. According to Sorout, the so-called DCA Indicator, which he called “the mother of all BTC bullish signals” has flashed for only the fourth time ever....
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Bitcoin metric prints 'mother of all BTC bullish signals' for 4th time ever
17.2.2023
The Bitcoin dollar cost average (DCA) indicator is firmly in "raging" bull market territory, while analysts consider whether its signals are too good to be true
BTC price metric which cued biggest Bitcoin bull runs brakes out at $23K
8.2.2023
Bitcoin's January performance has sparked an event which preceded the start of every macro bull market, data reveals
On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know
30.1.2023
According to crypto data analytics firm CryptoQuant, an on-chain metric is giving off a definitive Bitcoin buy signal for the first time since 2019. CryptoQuant’s Profit and Loss (PnL) Index, an index constructed from three on-chain indicators relating to the profitability of the Bitcoin market...
Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion
29.1.2023
The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion. Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher...
Bitcoin Supply in Profit Metric Hits 4-month High – What This Means for BTC Price
20.1.2023
A 30-day Exponential Moving Average of the number of Bitcoins that are “in profit” – i.e. were acquired at a time when the BTC price was lower – hit a 2-month high on the 19th of January, according to crypto data and on-chain analytics firm Glassnode.
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2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate
29.12.2022
Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded...
Bitcoin low volume sparks BTC price warning as metric hits 'value zone'
22.12.2022
Bitcoin NVT signal data presents conflicting views of what might happen to the current BTC price range