Bitcoin Nears All-Time High as Whale Behavior Suggests Further Upside

Bitcoin Nears All-Time High as Whale Behavior Suggests Further Upside

Bitcoin continues to show signs of recovery as its price rebounds from a brief correction last week. At the time of writing, the crypto is trading at $109,693, reflecting a 0.4% increase over the past 24 hours. Despite this upward movement, the current price remains roughly 2% below its all-time high of over $111,000, recorded last month. This ongoing strength in price performance has been accompanied by notable on-chain signals, particularly fr…

Bitcoin Nears All-Time High as Whale Behavior Suggests Further Upside - Overpasses For America

Bitcoin continues to show signs of recovery as its price rebounds from a brief correction last week. At the time of writing, the crypto is trading at $109,693, reflecting a 0.4% increase over the past 24 hours. Despite this upward movement, the current price remains roughly 2% below its all-time high of over $111,000, recorded last month. This ongoing strength in price performance has been accompanied by notable on-chain signals, particularly fr…

Bitcoin Trades Around All-Time Highs While Miner Revenues Lag Behind

Yet, despite the impressive price action, data from CryptoQuant reveals a notable disconnect: miner revenues remain subdued. Puell Multiple Stays Low Despite Price Strength The Puell Multiple, a metric that compares miners’ daily revenue to the annual average, remains below 1.40—close to the so-called “discount zone.” Historically, values under 1.0 indicate periods of accumulation and potential undervaluation, where the market price hasn’t yet c…

Bitcoin Whales Steadily Pulling Funds From Binance - What’s Fueling The Action?

Even as bearish pressure builds, Bitcoin’s price continues to hold above the $109,000 mark after its recent rebound that pushed its price beyond $110,000. BTC’s rebound has triggered a wave of renewed conviction, as evidenced by massive outflows by whales on the Binance crypto platform. Large BTC Holders On Binance Draining Holdings As Bitcoin surges toward its current all-time high, key investors on the largest cryptocurrency exchange, Binance,…

Bitcoin Funding Rate Flips Again And History Says A Rally Is Around The Corner - Coin Surges

Bitcoin’s price has declined slightly following recent gains, falling 2.3% over the past 24 hours to trade at approximately $107,205. This latest movement places the asset 4.1% below its all-time high of over $111,000 recorded last month. Despite the short-term dip, some analysts see familiar signs in derivatives data that could point to the next phase of market movement. Funding Rate Rebounds Signal Potential Upside for Bitcoin According to rec…

Bitcoin Nears All-Time High as Whale Behavior Suggests Further Upside

Bitcoin continues to show signs of recovery as its price rebounds from a brief correction last week. At the time of writing, the crypto is trading at $109,693, reflecting a 0.4% increase over the past 24 hours. Despite this upward movement, the current price remains roughly 2% below its all-time high of over $111,000, recorded last month. This ongoing strength in price performance has been accompanied by notable on-chain signals, particularly fr…