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Showing posts with the label on-chain data

Bitcoin Options Market Signals Further Upside Potential For BTC Price: New ATH Soon?

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Bitcoin Advanced NVT Sits Above This Critical Threshold — What It Means For Price Action

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XRP MVRV Ratio Dips Below The 200-Day MA – Trend Shift Underway?

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Bitcoin could see another record high if this ‘brick wall’ is breached

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Bitcoin (BTC) is pushing to regain its six-figure valuation following a period where it risked falling below $90,000 support zone. However, on-chain data suggests a new record high could be on the horizon amid the recent volatility.  Specifically, data indicates that Bitcoin is currently hovering near a critical price range between $97,500 and $99,800, where over 924,000 addresses previously purchased more than 1.19 million BTC. To this end, prominent on-chain cryptocurrency analyst Ali Martinez identified this zone as a ‘brick wall’ due to the magnitude of Bitcoin accumulated at these levels, he said in an X post on December 21. Picks for you 2 cryptocurrencies to reach a $5 billion market cap in 2025 16 hours ago DeFi gets the data l...