This Is Why Bitcoin (BTC) Could Drop to $40K: CryptoQuant
CryptoQuant’s latest analysis indicates that Bitcoin could potentially drop to $40K, signaling a challenging period for investors. Over $1 billion in crypto-tracked futures.
CryptoQuant’s latest analysis indicates that Bitcoin could potentially drop to $40K, signaling a challenging period for investors. Over $1 billion in crypto-tracked futures.
In a Quicktake post on CryptoQuant, analyst abramchat stated that amidst the recent market downturn, Bitcoin has now lost a vital short-term support.
On-chain data shows Bitcoin is approaching the “Realized Price” of the short-term holders, a retest of which has historically been important for BTC..
According to CryptoQuant, the US government holds nothing less than 210k Bitcoins with about $14.4B unrealized profit. The US government’s holdings of 210,392.
Ethereum (ETH) has seen its price rally by 11% in the past week, driven primarily by buying pressure in the United States, according.
As concerns swirl around Binance, the crypto community turns to insights from CryptoQuant’s Julio Moreno to assess the potential for a “bank run”.
Recent data from CryptoQuant on August 7 reveals that a smaller number of Bitcoin holders are moving their coins away from centralized cryptocurrency.
In a significant development, CryptoQuant, a renowned on-chain data provider and market analysis platform, has successfully concluded its Series A funding round, securing.
The cryptocurrency world was thrown into a state of frenzy on May 8 when news broke about massive outflows from Binance, one of.
Bitcoin [BTC] traders and aficionados have been celebrating their position since it crossed the $30k milestone. The beginning of Q2 also saw a.