Author: dfmines

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So I invested the first time in 2017 and Oh Boy this was a Rollercoaster. So I learned a few thing during earlier dips and maybe they help you too: This IS as a chance. Take a look at coins with massive potential. Cost Average! If you bought on a higher prize, then buy some…
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Bitcoin on-chain data shows that miners have transferred a huge amount of coins to cryptocurrency exchanges. On-chain Data Suggests Miners Transferred 11,816 BTC To Exchanges As pointed out by a CryptoQuant post, 20 July saw a huge outflow from Bitcoin miners. The total outflow from that day is around 12k. Here is a chart that illustrates the trend in all miners BTC outflow over the last one year: BTC miner outflow seems to have spiked There are a few interesting features in the chart. This sudden rise of almost 12k BTC observed on Wednesday is the most since May, when the price of the cryptocurrency crashed around 50%. Related Reading | As Bitcoin Drops Below $30k, Stablecoins Surpass $100 Billion In Total Supply This spike comes after a period where the miner outflows were relatively low when compared to the preceding months. As miner outflows only show how much Bitcoin was transferred by miners to exchanges, it’s not possible to tell how much of it was actually sold off. However, if the indicator’s value goes up, it does showcase that selling pressure has increased among miners, and it could impact the price of the crypto. Related Reading | TA: Bitcoin Bears Lose Strength, What Could Trigger A Decent Recovery Another metric for knowing whether miners are selling or not is the Bitcoin all miners to all exchanges flow mean indicator. Here is the chart for it: BTC miner to exchanges flow mean seems to be on the rise The above graph makes it clear that the value of this indicator has been on the rise for sometime now, and 20 July also saw a spike. The all miners to all exchanges flow mean showcases how the average transaction from miners to exchanges looks like. For 20 July, this value was just over 80 BTC, less than the 98 BTC spike seen just a few days back. Though there are two things to consider regarding these miner metrics. The first is that many mining pools don’t believe that data like this is authentic. The second is that due to China’s crackdowns on Bitcoin mining, the world hashrate took a nosedive. Now, miners have started relocating and restarting their operations in other countries. This would undoubtedly result in a change in these metrics as well. Bitcoin Price At the time of writing, BTC’s price floats around $32.5k, down 0.5% in the last 7 days. Below is a chart showing the trend in the price of Bitcoin over the past 6 months. BTC seems to be going up after a dip below $30k | Source: BTCUSD on TradingView After a crash below $30k, Bitcoin has started to climb back up quickly. It remains to be seen if the coin can continue this trend and finally break past $35k, or if it’s going to be stuck in the same range as before again. Featured image from Pexels.com, charts from CryptoQuant, TradingView.com

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The strong recovery in Bitcoin and altcoins shows there is aggressive buying at lower levels but bears are unlikely to give up without a fight.

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Bitcoin has seen some gains in the past 24 hours as bulls seem to be making a stronger push. However, funding rates across exchange platforms remain negative indicating a high bearish sentiment, at least, in the derivatives sector. At the time of writing, BTC trades at $32,236 with an 8.4% profit daily and a 2.7% loss in the weekly chart. QCP Capital has recorded a “roller-coaster” like price action as Bitcoin dropped from its current levels below $30,000 on the weekend only to return to its past weekly open. This period saw a rise in Bitcoin inflows to exchange platforms. Contrary to popular belief, Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, believes that the $30,000 support zone exhibits maturation. As such, he clarified that Bitcoin continues to be in an uptrend supported by bullish signals. In the short term, the China crackdown on the crypto industry has affecting BTC and could be the main source of selling pressure, but in the long-term McGlone believes that this “confirms Bitcoin’s revolutionary value”. The above was accompanied by what the market perceived as two bearish events, QCP Capital added. First, the Grayscale Bitcoin Trust unlock 16,240 shares and a high amount of put option around the $20,000 levels. On the negative funding rates, a metric that incentives traders to take long positions, QCP Capital recorded a high degree of selling pressure from the BTC-based futures. The first said: Consistent selling in both spot and futures persisted into Monday and Tuesday along with several more large prints in BTC and ETH Dec put options, pushing BTC to a low of 29,301 on Tuesday. Ethereum And Bitcoin Display Strength Amidst High Selling Pressure A bullish take on the current price action is the resilience shown by Bitcoin and Ethereum’s price. QCP Capital claimed that both cryptocurrencies have “tremendous” support at the $29,500 and $1,750 levels. The firm added: (…) a BTC close around 31,000 today would potentially form a powerful double Demark 9 & 13 buy reversal signal.   Additionally, there is a potentially positive event risk tonight (…) “The B Word” Could become an important bullish catalyzer for the markets. However, one of its main participants, Elon Musk, has a “wild card” reputation. In the short term, QCP Capital leans to the bulls’ corner as BTC’s price forming a triple-bottom with a strong bullish divergence 2 days chart, as seen below. If Bitcoin managed to push even further to the top of its current range and reaches $35,000 and $36,000, the firm expects a short squeeze beyond the $40,000 price point. QCP added the following in their report: The promising bounce off the lows this morning reaffirms our 30-40k range view in the medium-term. Implied vols should continue to trickle down as a result.

This is an update to This post I made last month when the top 1% was at 6.8k The holders tab on the Etherscan page shows the balances for every Moon address. Its been almost a week since the Moons were distributed so enough time for people to claim them. Here are the stats 77,553…
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Off the coast of the Irish Sea, humans have lived on the Isle of Man since before 6500 B.C. The island has a robust history of Viking Age treasures. According to a recent announcement from Manx National Heritage, a heritage agency located there, an amateur treasure hunter recently discovered a hoard of Viking silver on […]

The company has been publicly traded on the London Stock Exchange since 2018.