Capital Inflows Mirror Pre-2021 Bull Run Momentum

On-chain data shows the cryptocurrency capital inflows currently look similar to December 2020, right before Bitcoin rallied from $18,000 to $65,000. Bitcoin & Ethereum Are Getting $19.7 Billion In Capital Injections Currently As explained by analyst Ali in a new post on X, Bitcoin and Ethereum are receiving a large amount of capital inflows currently. … Read more

Bitcoin Whales Driving The Rally Are Now Taking Profits, Data Suggests

Data shows that the Bitcoin whales that may have been helping drive the latest rally have switched to profit-taking instead. Bitcoin Whales On BitMEX Have Changed Their Tune Recently An analyst in a CryptoQuant Quicktake post explained that the BitMEX whales were likely the ones helping fuel the latest rally. The relevant indicator here is … Read more

Is Bitcoin Overvalued Yet? What Historical Data Suggests

Here’s what the data of this historical on-chain indicator suggests regarding whether Bitcoin has become overvalued after its latest uptrend. Bitcoin MVRV Z-Score Hasn’t Climbed Too High Yet As the Reflexivity Research co-founder pointed out in a post on X, the BTC MVRV Z-Score readings have heated up little compared to the values observed in … Read more

Tether (USDT) Cap Approaches $90 Billion: Why This Affects Bitcoin

Data shows that the Tether (USDT) market cap is almost $90 billion. Here’s why this growth could matter for the price of Bitcoin. Tether Market Cap Has Continued To Observe A Rise Recently Tether is a cryptocurrency pegged to the US Dollar, meaning its price remains stable around the $1 mark. The asset is the … Read more

Bitcoin Triumphs Over $41,000, But Here’s What Could Prevent $50,000

Bitcoin has broken past the $41,000 level during the past day, but FOMO could be the number one danger to a further surge towards $50,000. Bitcoin Social Dominance Has Spiked Following The Rally According to data from the on-chain analytics firm Santiment, signs of euphoria have appeared among Bitcoin traders following the latest climb in … Read more