The Creator of the Bitcoin Summation Index
Joined March 2018
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Bitcoin is probably in the middle of a bull run.
Live chart👇
cryptoquant.com/insights/qui…
Baro Virtual retweeted
Major Bitcoin Buy Signal Flashing! Next major move up is near.
Despite the chop in small time frames, data shows MASS stacking from whales and record buying on ETFs.
Charts/data from @SenseiBR_btc @ki_young_ju @cryptoquant_com @BaroVirtual & @Kellykellam
Baro Virtual retweeted
Whales' holdings are at an all-time high
“Whales currently hold around 670,000 $BTC, which is the highest value ever. Undoubtedly, this is an optimistic long-term sign.” – By @BaroVirtual
Full post 👇
cryptoquant.com/insights/qui…
Whales currently hold around 670,000 BTC, which is the highest value ever. Undoubtedly, this is an optimistic long-term sign.
Live chart👇
cryptoquant.com/insights/qui…
The current period of Bitcoin bull market correction drawdowns is smaller than ever, while the panic and bearish predictions are among the highest I've seen. I see this as a positive sign for the long-term price action.
ALT Bitcoin Bull Market Correction Drawdowns. The creator of the chart is a CryptoQuant-verified author, @AxelAdlerJr.
The total value of profits & losses in the $ARB on-chain network may indicate a potential price spike soon. A similar situation was observed about a year ago when the price more than doubled after a long period of losses.
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Currently, Bitcoin is successfully testing the EMA20, which is located at $57,200 on the weekly chart. The price of new whales is approximately at the same level. As long as Bitcoin successfully holds the EMA20, nothing threatens the bullish trend, even if there are short-term false breakouts to shake out weak hands from the market.
Also, the similarity of the current price movement between 2015 and 2017 should be noted. After the price bottomed in late 2015, Bitcoin successfully consolidated above the EMA20, followed by 4 pullbacks to EMA20 before the halving and another 6 pullbacks after the halving. After the price bottomed at the end of 2022, there were also 4 pullbacks to EMA20 before the halving, and now we have 1 pullback after the halving.
