2026-06-12
Despite recent price stability that has led some market participants to speculate about a Bitcoin bottom, on-chain data suggests the cryptocurrency is still.
Despite recent price stability that has led some market participants to speculate about a Bitcoin bottom, on-chain data suggests the cryptocurrency is still.
New on-chain data from CryptoQuant suggests that large Bitcoin investors, commonly referred to as whales, stepped in to absorb a wave of panic.
On-chain analyst Julio Moreno has suggested that Bitcoin could be approaching a market bottom near $53,600, based on the cryptocurrency’s current Realized Price..
The percentage of Bitcoin supply in profit has fallen to approximately 45%, a threshold that has historically coincided with periods of heightened market.
The average discount to net asset value (NAV) for Bitcoin investment funds has widened to -5.9%, the lowest level in two years, according.
The percentage of Bitcoin’s circulating supply currently sitting at a loss has climbed to 40.6%, a level that historically signals significant market stress..
Bitcoin’s current bearish phase may extend into early 2027, according to Ki Young Ju, CEO of on-chain analytics firm CryptoQuant. In a post.
Bitcoin’s recent price rebound appears to be losing upward momentum, with on-chain analysis firm XWIN Japan Research warning that the rally may be.
Julio Moreno, head of research at CryptoQuant, has pushed back against claims that on-chain data is now obsolete, arguing that from the perspective.
Bitcoin spot demand is declining at its sharpest pace since January 10, according to data from CryptoQuant, raising fresh concerns about near-term price.