Spotify Version of whats going on rn
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submitted by /u/a3dide [link] [comments]
what goes up, might keeps going up! not financial advice of course submitted by /u/ronnyquetz [link] [comments]
The Bitcoin fund flow ratio for all exchanges is on a decline, while BTC transactions are rising. This could suggest a bull market is ahead. Bitcoin Fund Flow Ratio For All Exchanges Goes Down As pointed out by a CryptoQuant post, the BTC fund flow ratio for all exchanges seems to be on a downwards trend. Also, BTC transactions are going up. The Bitcoin fund flow ratio is an indicator that’s defined as the total amount of BTC going into or out of exchanges divided by the total amount of BTC transferred on the whole network. Fund Flow Ratio = Total Exchange Inflows + Outflows in BTC ÷ Total Transferred BTC (whole network) Basically, the indicator shows the percentage of BTC that’s involved in exchange-related transactions as compared to the total transactions on the entire network. Related Reading | New Bitcoin Users Activity Spikes To New All-Time Highs, What Does It Mean? With the help of the fund flow ratio, it becomes possible to know what percentage of BTC transactions happen outside exchanges. That is, through methods like over-the-counter (OTC) deals or P2P transfers. The other relevant metric here is the total tokens transferred. As the name suggests, this indicator shows the total number of BTC that has been transferred on the network in some form. Related Reading | The Bullish Bitcoin Crossover No One Is Paying Attention To Now, here is a chart that shows the trend in both the BTC fund flow ratio and total tokens transferred: The two Bitcoin indicators show bullish signals | Source: CryptoQuant As the chart shows, the BTC fund flow seems to be going down, while the tokens transferred metric is going up. What this means is that while exchanges getting fewer transactions usually signals low volatility, the total transactions are also going up across the board. This would suggest that OTC deals are shooting through the roof (and thus occupying a relatively higher percentage), rather than a drop in the volatility itself. The combination of these indicators behaving like this is usually a bullish sign. During the August of last year, before the bull run started, similar signals were present. Bitcoin Price At the time of writing, BTC’s price is around $42.7k, up 9.5% in the last 7 days. Over the past month, the crypto has gained 23.5% in value. Below is a chart that shows the trend in the price of the crypto over the last 3 months: BTC’s price shoots up | Source: BTCUSD on TradingView Bitcoin seems to have caught a sharp uptrend as the crypto nears $43k. It’s unclear if BTC can continue the rally and go beyond this point, or whether it will crash again like at the start of the month. If the indicators discussed above are anything to go by, a bull run looks more likely at the moment.
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Welcome all the new rvn miners! With eip 1559 the price is rising! Now imagine a listing on Coinbase, kraken and add the January halving. The future is bright! Stay strong and hodl THIS IS THE WAY! submitted by /u/A-piece-ofToast [link] [comments]
Bitcoin and most major altcoins are near critical overhead resistance levels, suggesting that the downtrend is very close to ending.
After a great number of well known product brands like Burger King, Axe, Snickers, Milky Way, and Slim Jim have been riding the dogecoin hype, the American meat and cold cut manufacturer Oscar Mayer has also jumped on the dogecoin bandwagon. Similar to Axe, Oscar Mayer has also created a dogecoin-centric product and is auctioning […]
Ethereum’s London hard fork made a number of changes to the Ethereum blockchain.