Bitcoin whale watching: This metric that called the 2017 top is now flashing red

After weeks of Bitcoin (BTC) sell-offs, high-net worth individuals, or whales, are finally back to buying. Their buying activity did not only pick up when the BTC price broke out of the two-months ascending triangle to new all-time highs, but also stayed intact since the price crash on April 18. Whales have come back to accumulate […]

Glassnode predicts BTC break-out as investors refuse to realize losses

A Jan. 25 report published by crypto data aggregator Glassnode has noted that Bitcoin’s adjusted Spent Output Profit Ratio, or aSOPR, suggests that a further decrease in prices will leave many investors in the red according to when their holdings last moved on-chain. Despite the metric suggesting few investors are sitting on paper-profits, Glassnode interprets […]

‘Insanely bullish’: Glassnode CTO predicts BTC price will 10X from here

The CTO of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, has described a slew of Bitcoin market indicators as “insanely bullish” and predicted prices are set to increase by more than 10 times. On Dec. 9, Schulze-Kraft tweeted a thread providing the basis for his ultra-optimistic prediction, presenting six “of the most important on-chain market […]