Bitcoin On-Chain Data Shows Possible Undervaluation of BTC Price

A Bitcoin on-chain metric, the Puell Multiple, temporarily fell to the “undervalued zone” before snapping back as BTC prices recovered, data from GlassNode on July 5 shows. The Puell Indicator Falling in lockstep with Bitcoin Hash Rate According to a screen-grab, the indicator has been used by on-chain analysts to pick out bottoms on severalRead More

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3 reasons why Bitcoin traders keep a close eye on the futures funding rate

Analysts frequently correlate a high perpetual futures funding rate with market crashes, but is this the best way to analyze the metric?

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Why Bitcoin Dominance Is No Longer Relevant To Crypto

Bitcoin dominance is a metric weighing the top cryptocurrency’s market share against the rest of the crypto space, including Ethereum, Polkadot, Cardano, and other altcoins. For years, analysts used it as a tool to predict divergences between altcoins and Bitcoin.

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This On-Chain Metric Spells Trouble for XRP Following SPARK Airdrop

XRP has seen some mixed price action as of late, with the cryptocurrency’s price not breaking firmly below $0.50 as the selling pressure placed on it begins mounting The cryptocurrency is now on the cusp of seeing a sharp decline, with analysts noting that a continued bout of trading below this level could be dire […]

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‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping

On-chain data shows dormant addresses are selling BTC, leading some analysts to make bearish calls on Bitcoin price.

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Analysis: There’s Likely Only $3.5b Locked in Ethereum DeFi, Not $6b

When analysts try and gauge the success of Ethereum’s decentralized finance projects, they often look to the “total value locked” metric. Just today, the metric, up around 1,000% since the start of 2020, surpassed $6 billion for the first time ever.

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Bitcoin’s Dominance is Signaling That “Altseason” May Be in Grave Jeopardy

Bitcoin’s dominance has been seeing a sharp decline over the past few days and weeks as altcoins have captured the majority of investors’ attention Yesterday, however, this metric hit a historically important region, and shortly after the benchmark cryptocurrency’s price began rebounding Some analysts are now noting that it may be “pullback time” for altcoins, with this potential decline being perpetuated if Bitcoin can smash above $10,000 Ethereum could also play a big role in […]

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Bitcoin Dominance Just Printed a Massive Buy Sign After Altcoin Rally

There’s been what some analysts call an “altseason” over recent weeks as Bitcoin has stalled. Due to the outperformance of altcoins against BTC, the Bitcoin dominance metric has dropped by a handful of percentage points over recent weeks.

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Bitcoin 90-Day Active Supply Soars to Pre-2017 Bull Run Level: Report

An on-chain metric which has been declining since 2017 is now signaling a bullish trend, analysts from Stack Funds say.

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Ethereum (ETH) Price Surprisingly Accurate Indicator Revealed by Ethereum (ETH) Educator

The idea of correlation between the dynamics of crypto-related web traffic and token prices isn't new for experienced analysts. Here is another reliable metric for ETH

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Key Metric Shows Bitcoin’s Rally Past $20,000 is About to Start

While Bitcoin has seen its fair share of rallies over the past 15 months, analysts are not yet convinced the cryptocurrency is in a full-blown bull market. Though, one key metric suggests that the bull run is right on the horizon.

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This Metric Suggests Ethereum May Soon Shoot Higher

While cryptocurrencies are still far below where they were at the end of 2017, analysts are getting bullish on Ethereum, Bitcoin, and other digital assets. The bull case for ETH, at least, was proven just recently with a metric suggesting that the network has seen rampant growth over recent months, which is likely to wrest... The post appeared first on NewsBTC.

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This Bitcoin Metric Could Trigger the Next BTC Bull Run

There are a number of varying metrics that Bitcoin analysts use to predict future price movements of the asset. One rarely used oscillator takes BTC energy value into account and it is flashing bullish at the moment.

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No Bubble: This Key Metric Rules Out A Repeat of 2007 Housing Crash

Analysts are looking for cracks in the housing market data as the…

The post No Bubble: This Key Metric Rules Out A Repeat of 2007 Housing Crash appeared first on CCN.com

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Bitcoin Dominance to Surge Even Higher: Altcoin Annihilation Inbound

Despite the drawdown in the price of Bitcoin (BTC) — which some analysts say would result in a change of tides for altcoins — BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost.

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eSports Now Rival This Pro League in Viewership

By CCN Markets: As analysts and investors clamor to laud the merits of eSports, one key metric should dispel any lingering hesitation as to competitive gaming's growing clout – eSports now rival the NBA in viewership.

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Altcoin Season on the Horizon? Bitcoin Dominance Hits Historical Reversal Point

Despite the drawdown in the price of Bitcoin — which some analysts say would result in a change of tides for altcoins — BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost all.

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While Dow Surges, This Key Metric Reveals Professional Investors are Calling the US Stock Market’s Bluff

The Dow and wider US stock market raced higher on Wednesday, adding to Tuesday’s mammoth 372 point gain. Dow Builds on 372 Point Rally Traders are excited that efforts are underway to avoid the government shutdown.

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Dogecoin (DOGE) is dominating NVT ratio, novel cryptoasset valuation metric

The Network Value to Transactions Ratio, or “NVT”, is an insightful metric that puts fundamental, on chain data into focus in an effort to assign fair value to coins. It is a novel but rapidly adopted measuring rod that analysts and proactive investors are using to gauge and appropriately value cryptoassets.

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The Entire Cryptocurrency Market is Now 54% Bitcoin

Bitcoin now dominates 54 percent of the total cryptocurrency market cap, hitting a level on Tuesday not seen since the time of its all-time price highs in December 2017. Analysts Dream Of Altcoin Rebirth According to data from Coinmarketcap, Bitcoin now has a market cap of $105 billion.

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