Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling

On-chain data shows whale ratio has exceeded the 0.50 mark, historically a sign that whales are dumping in the short term. Bitcoin Whales Have Started Selling Their Coins As pointed out by a CryptoQuant post, the Bitcoin whale ratio has started going up above the 0.50 level. This signal has usually meant a bearish outlook … Read moreBitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling

Market Wrap: Bitcoin Rises Even as Indicator Shows Extreme Bearish Sentiment

Bitcoin is in recovery mode as some indicators suggest the sell-off is approaching oversold levels. For example, the relative strength index (RSI) on the daily chart is rising from oversold territory. But the bitcoin Fear & Greed Index is approaching extreme levels last seen in May, which is a bearish sign. At press time, bitcoin … Read moreMarket Wrap: Bitcoin Rises Even as Indicator Shows Extreme Bearish Sentiment