News list for "According to cryptoquant"

According to a new report from CryptoQuant, Bitcoin is currently at a "pivotal point", with indicators on multiple necklaces signalling further declines, while whales are experiencing the fastest rate of Bitcoin accumulation in more than a year. While Bitcoin has rallied above $57,000, continued selling by the German government and repayments from Mt. Gox threaten further declines. CryptoQuant reports that the profit and loss (P & L) index is hovering near its 365-day moving average (MA). Such a...

2024-07-10 18:29:28