On-chain data shows the Bitcoin spot market hasn’t been left behind during the latest price rally as its volume has registered a large increase. Both Bitcoin Open Interest & Spot Volume Have Shot Up In a new Open Interest” refers to an indicator that keeps track of the total amount of derivatives positions related to…
View More Bitcoin Spot Volume Nearly Triples As BTC Breaks $91,000
On-chain data shows Bitcoin and the altcoins have seen their trading volume decline recently, a sign that trader interest in the market is waning. Trading Volume Is Down Across The Cryptocurrency Sector In a new post on X, the on-chain analytics firm Santiment has discussed about how the trading volume has changed for the various…
View More Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In?
On-chain data shows the demand for using Bitcoin is now neutral from retail investors and could be heading toward a reversal to the upside. Bitcoin Retail Volume No Longer Plummeting As explained by an analyst in a CryptoQuant Quicktake Retail Investor Demand,” which measures, as its name suggests, the demand for the Bitcoin network that’s…
View More Bitcoin Retail Volume Close To Growing Again: Bullish Sign?
Bitcoin spent the weekend trading within a relatively narrow range of $91,700 to $88,700, demonstrating robust price action. Despite the lack of significant price movement, the consistent ability to hold within this range underscores Bitcoin’s current strength and growing market confidence. Key data from CryptoQuant adds further optimism, revealing a notable reduction in selling pressure.…
View More Bitcoin Demand Outpaces Supply – On-Chain Metrics Reveal Low Seller Volume
Bitcoin has been trading in a tight 4-hour range between $71,300 and $73,300 since Tuesday, setting the stage for a significant move in the coming days. Analysts and investors closely watch this range as BTC inches closer to its all-time high (ATH). Top analyst Axel Adler recently shared key data from CryptoQuant, noting that trading…
View More Bitcoin Consolidates Near ATH – Volume Suggests A Big Move Ahead
Bitcoin has been on an impressive surge since early September, rising by 31% from local lows around $53,000. However, after testing the $69,500 supply level, the cryptocurrency faces selling pressure. Despite this, Bitcoin remains strong, holding above the previous high of around $66,000, a crucial level determining its next move. Key data from CryptoQuant reveals…
View More Bitcoin Bears Lose Control As BTC Net-Taker Volume Shifts Positive