Bitcoin on-chain data shows that the BTC outflows have been gradually heading downwards recently, hinting that a crash could be coming soon. On-Chain Data Shows BTC Outflows Continue To Decrease As pointed out by an Analyst on Twitter, on-chain data reveals Bitcoin outflows have been gradually going down in the past month. The relevant metric … Read moreBitcoin On-Chain Data Shows Decrease In BTC Outflows, Crash Incoming?
Anyone paying attention to Bitcoin in the past months will notice a subtle, but importance change in its fundamentals. As BTC’s price made its way back to May’s high, just before the first capitulation event, there was an uptick in on-chain activity. Related Reading | On-Chain Data Shows Bitcoin Miners Hold Off On Selling Despite … Read moreBitcoin Retakes May Highs With Spike In On-Chain Activity, Next Target $60K?
According to on-chain data, Bitcoin SOPR is still assuming flat values, indicating that investors are likely to not be willing to sell at this level. Bitcoin SOPR Stagnates, Despite Huge Rise In The Crypto’s Price As per a post from CryptoQuant, while Bitcoin’s price shows a sharp improvement as the coin reaches $55k for the … Read moreOn-Chain Data Shows Bitcoin Investors Don’t Want To Sell At This Level