Bitcoin Breaks $64,000, But This Pattern Could Mean Bull Run Isnt Safe

On-chain data shows the Bitcoin Supply in Profit indicator has been forming a pattern recently that could put the bull run into jeopardy. Bitcoin Supply In Profit Has Seen Multiple Dips Into “Transition” Zone Recently As an analyst in a CryptoQuant Quicktake post explained, the recent “Supply in Profit” trend could suggest a potential entry into [...]

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Sen. Lummis proposes US government purchase 5% of total Bitcoin supply

The pro-crypto Senator introduced the Bitcoin Reserve Bill while declaring, This is the solution, this is the answer, this is our Louisiana purchase moment. Thank you, Bitcoin!

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Bitcoins Bullish Signal: Supply Reduction Could Boost Prices

The prominent analytical platform CryptoQuant provided details of the changing role of Bitcoin. In a recent X post, the platform noted that over the past few years, BTC has not only become a means of payment but also has become an important investment tool. The latest on-chain data presents a notable trend. The number of […]

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Bitcoin ETFs Trigger Potential Supply Shock With Massive $2.05 Billion Acquisition

A well-known analyst in the cryptocurrency space, Ash Crypto has recently pointed out a major movement in the Bitcoin space. In a recent X post, the analyst revealed that Bitcoin exchange-traded funds (ETFs) have spent 29,390 BTC in the last ten trading days, which amounts to $2. 05 billion. This rather sizable purchase has elicited […]

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Bitcoin Bull Strength Grows as Illiquid Supply Hits 14 Million

Bitcoins illiquid supply has jumped to a new high of 14 million BTC. Due to this, prices are going up more, and people are moving their coins into wallets that rarely sell, showing trust in Bitcoins future.  Basically, this illiquid supply means that more tokens, in this case BTC, are held tightly by long-term investors, […]

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All 21 Million Bitcoin Already Exist Waiting To Be Unlocked By Auction

A look at Dhruv Bansal's conceptual view of the issuance process of fresh bitcoin from a new angle. They aren't being created, they're simply being unlocked.

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Bitcoin supply on exchanges reaches lowest since 2018

The supply of Bitcoin held on centralized exchanges has reached its lowest point since 2019 according to data from CryptoQuant. As of late April 2025, only about 2.5 million BTC remain on exchanges, representing a drop of 500,000 coins since the end of 2024. Bitcoin supply on exchanges shows shift toward self-custody The decline in […]

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Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

On-chain data shows that the Bitcoin whales holdings have grown to 25.16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the [...]

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Bitcoin Faces Ongoing Risks: Should You Wait or Trade Now?

A recent analysis from CryptoQuant pointed out that Bitcoin is still in continuation of the price correction phase. Despite this, on-chain analysis reveals that there remains a high risk in the market despite the decline in the value of the cryptocurrency. Currently, only 24% of the circulating supply of BTC is held in an unrealized […]

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Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasnt Moved In A Year

Bitcoin is facing a crucial test as its price continues to swing without clear direction, navigating a tense and uncertain macroeconomic environment. While volatility persists, many analysts believe the worst phase of the correction may be over. After dropping over 30% from its all-time high, Bitcoin has managed to hold above key support levels, reinforcing short-term optimism. Related Reading: Solana Eyes $200 Target As It Gains Momentum Recovery Could Mirror 3-Month Downtrend However, global tensionsdriven by escalating trade disputes and aggressive tariff policies from the USare shaking financial markets. The specter of a global recession looms large, making investors cautious across both traditional and digital asset classes. Despite the noise, on-chain data from Glassnode adds a layer of optimism. According to their latest analysis, 63% of Bitcoins circulating supply has not moved in at least one year. This historic level of dormant supply highlights the growing conviction among long-term holders, who are weathering the current volatility without panic. Such behavior reinforces the belief that Bitcoins foundation remains solid, even as short-term traders exit the market. The strong hands are holding firm, and their resilience could lay the groundwork for the next major moveonce macroeconomic conditions begin to stabilize. Bitcoin Holds Strong Amid Global Volatility: Rising Long-Term Conviction Massive price swings continue to shake both crypto and equities markets as volatility intensifies in response to rising global tensions and unresolved macroeconomic threats. Bitcoin, however, has held strong above the $81K level, suggesting that a potential recovery may be taking shape. The 90-day pause on U.S. tariffsexcluding Chinaoffered temporary relief, but uncertainty still dominates investor sentiment. Ongoing trade conflicts between the United States and China threaten global economic stability, with many analysts warning of a potential recession if no resolution is reached. These fears are weighing heavily on risk assets across the board. Despite the challenging backdrop, Bitcoins performance suggests underlying resilience. Bulls are gradually regaining momentum after the recent sharp correction, and many market watchers believe the worst phase of the drawdown may be over. Adding to the optimism, top analyst Quinten Francois shared Glassnode data revealing that 63% of the Bitcoin supply has not moved in at least a year. This metric, often associated with strong long-term conviction, shows that the majority of Bitcoin holders are choosing to hold through volatility rather than sell into weakness. It reflects a maturing investor base with confidence in Bitcoins long-term value, even amid global uncertainty. If current support levels continue to hold and macro conditions stabilize, Bitcoin may be on the verge of a sustained recovery. Related Reading: Ethereum Long-Term Holders Show Signs Of Capitulation Prime Accumulation Zone? BTC Price Stalls Below Key Resistance After Bullish Surge Bitcoin is currently trading at $82,600 following a strong surge that helped the asset recover from recent lows. The move has brought some short-term optimism to the market, especially as BTC managed to reclaim the $81K levela key support zone that now needs to hold for bullish momentum to continue. However, significant resistance lies ahead. The price stopped near the 4-hour 200 Moving Average, currently sitting around $83,500. This technical level has consistently acted as a short-term barrier since Bitcoin lost the $100K mark, and bulls need a decisive breakout above it to confirm the beginning of a true reversal. If Bitcoin can break and hold above $83,500, the next immediate target is the $85K zone. Reclaiming that range could open the path for a push toward the $88K$90K resistance band and potentially resume the longer-term uptrend. Related Reading: Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours Risk-Off Or Panic Selling? On the flip side, failing to hold above $81K would signal weakness and likely invite renewed selling pressure. A breakdown below $80K would reinforce bearish sentiment, possibly triggering a fresh wave of panic selling and sending BTC back toward the $75K support zone. Bulls must act quickly to defend current levels and push higher. Featured image from Dall-E, chart from TradingView

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Bitcoin 2 Months Through Euphoria Wave, How Long Was The Last One?

On-chain data shows Bitcoin has been going through a euphoria wave for two months. Heres how long it was in this phase during the last bull run. Bitcoin Has Been In Euphoria Wave Phase According To Supply In Profit According to the latest weekly report from the on-chain analytics firm Glassnode, the current BTC cycle [...]

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Mark Cuban: Bitcoin Demand to Outpace Supply, BTC Is a Great Store of Value

Billionaire investor Mark Cuban, a minority owner of the National Basketball Association (NBA) team Dallas Mavericks, expects the price of bitcoin to go up due to the supply-demand dynamic. “I do feel that the demand is going to exceed the number of people selling,” he explained, adding that bitcoin is “a great store of value.” [...]

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This Bitcoin Halving May Not Result In Supply Squeeze: Glassnode

Glassnode has suggested that the upcoming Bitcoin halving might not result in a supply squeeze that the market may have anticipated. Bitcoin Halving May Not Carry Same Impact Due To Spot ETFs In a new report, the on-chain analytics firm Glassnode has discussed the impact the next Bitcoin halving may have on the economics of the cryptocurrency. The “halving” is a periodic event for BTC where its block rewards (the rewards the miners receive for adding blocks on the network) are permanently cut in half. Related Reading: Bitcoin Cash (BCH) Surges 15% As Coinbase Plans Futures Listing This event is built into the coin’s code, meaning it happens automatically. The halving kicks in after every 210,000 blocks, or approximately every four years. The next such event will take place sometime in the coming month. Historically, the halving has been considered an important event for the asset due to how it influences its supply dynamics. The block rewards the miners receive are the only way to introduce new BTC tokens into circulation. Since they get tightened during these events, the cryptocurrency’s production rate slows down following them. As such, halvings are considered bullish events, with the price increasing following them due to the constrained supply, as supply-demand dynamics would dictate. “However, the current market conditions differ from historical norms,” says Glassnode. The reason behind that is simple; there is something now that was never there in the past: the spot exchange-traded funds (ETFs). Spot ETFs are investment vehicles that buy and hold Bitcoin and allow their users to gain indirect exposure to the cryptocurrency’s price action through them. Since the spot ETFs are available on traditional exchanges, they can be preferable for those not looking to dabble with digital asset platforms and wallets. Thus, the ETFs have introduced a notable amount of fresh demand for the asset, with supply rapidly leaving the market and entering these funds. To put this demand into perspective, the analytics firm has compared it against the BTC amount miners issue on the chain daily. The trend in the spot ETF flows and miner issuance since the start of the year | Source: Glassnode As the above chart shows, the Bitcoin ETF flows have generally been much higher than what the miners have been introducing into circulation. Based on this, Glassnode believes “the upcoming halving might not result in the supply squeeze once anticipated.” Related Reading: Bitcoin Traders Capitulate: Heres What Happened Last 2 Times The report further says: The ETFs are, in essence, preempting the halving’s impact by already tightening the available supply through their substantial and continuous buying activity. In other words, the supply squeeze usually expected from halvings may already be in effect due to ETFs large-scale bitcoin acquisitions. Something to note, however, is that the ETFs aren’t certain to always be a bullish influence for the market. Should the current inflow-heavy regime flip to one dominated by outflows, the cryptocurrency could naturally witness extraordinary selling pressure. In fact, the spot ETF netflows have been negative for Bitcoin for four straight days now, so such a trend shift may already be in action. BTC Price Bitcoin had recovered beyond the $68,000 level yesterday, but the coin has since declined again, falling back towards $64,200. Looks like the price of the asset has has retraced a chunk of its recovery | Source: BTCUSD on TradingView Featured image from Traxer on Unsplash.com, Glassnode.com, chart from TradingView.com

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Bitcoin Supply On Exchanges Hit 4-Year Low, But Why Is Price Crashing?

Certain Bitcoin fundamentals suggest the flagship crypto token is well primed for further growth in this bull market. However, its recent price decline has sparked concerns about the reason for this downward trend despite everything pointing to a sustained upward movement.  Bitcoin Supply On Exchanges Hit 4-Year Low Data from the on-chain analysis platform CryptoQuant highlighted that the supply of Bitcoin on exchanges has seen nearly a 40% drop in 4 years and is reducing ahead of the Bitcoin halving. This underscores the bullish sentiment around the Bitcoin ecosystem as the decreasing supply on supply suggests that most investors have no plans to sell their holdings anytime soon.  Related Reading: Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern The CryptoQuant data also noted that Bitcoins demand is outpacing its supply, which is said to have been the prevailing trend since 2020. This development offers a bullish narrative as it can continue to increase Bitcoins value since scarcity boosts perceived value. This trend is also expected to be sustained once the Halving occurs since miners supply will be cut in half.  Interestingly, the imbalance between Bitcoins demand and supply has led crypto analysts like MacronautBTC to believe that BTCs price could rise to as high as $237,000. As such, there are still high expectations for Bitcoin despite the crypto token hitting a new all-time high (ATH) of $73,750.  Why Bitcoins Price Is Crashing Crypto analyst Alex Kruger has outlined different reasons why Bitcoins price is crashing despite its strong fundamentals. The first reason he alluded to was the fact that crypto traders in the derivatives market look to be overleveraged, possibly because greed seems set to be setting in with traders deploying more capital in anticipation of further price surges.  Kruger mentioned that the ETH could also be dragging the market down with the hopes of the SEC (Securities and Exchange Commission) approving the Spot Ethereum ETFs waning. Bitcoinist recently reported that the approval odds for these investment funds have plummeted immensely in the past few months, dropping to an alarming 35%.  Related Reading: Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy The third reason that Kruger mentioned is the negative Bitcoin ETF inflows, which have become a trend lately. Interest in these Bitcoin funds has cooled off, with investors opting to take profit instead. On March 19, BitMEX Research revealed that these ETFs saw a record net outflow of $326m.  Crypto trader and analyst Rekt Capital also suggested that Bitcoin is already in the Final Pre-Halving Retrace. Therefore, significant price corrections can be expected ahead of the Halving event, which is set to take place in April.  At the time of writing, Bitcoin is trading at around $63,000, down in the last 24 hours, according to data from CoinMarketCap.  BTC rises above $64,000 | Source: BTCUSD on Tradingview.com Featured image from Financial Commission, chart from Tradingview.com

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From shrimps to whales: Whos buying and selling during this rally?

The distribution of Bitcoin’s supply across various cohorts shrimps, crabs, fish, sharks, and whales can help us understand how each market segment behaves. Shifts in Bitcoin’s supply among these groups are heavily correlated with price movements and broader market trends, which is why understanding them is essential when analyzing the market. Shrimps represent […]

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Bitcoin Safe From Drops Under $60,300? On-Chain Data Says So

On-chain data shows Bitcoin currently has a thick supply wall between the $60,300 and $62,155 levels that may prevent the asset from falling lower. A Large Amount Of Bitcoin Was Bought Near Current Prices As explained by analyst Ali in a new post on X, BTC has a major support wall just below it right now. In on-chain analysis, the strength of support and resistance levels is gauged through the amount of Bitcoin that the investors bought at them. Related Reading: Bitcoin Volatility Induces $700 Million Carnage In Crypto Futures The chart below shows how the distribution of the investor cost basis has looked like for BTC across the price ranges near the current spot value: The amount of Bitcoin that the holders bought at the various price ranges | Source: @ali_charts on X Here, the size of the dot represents the number of tokens that the addresses bought between the corresponding price levels. From the graph, it’s apparent that the $60,300 to $62,100 range has a particularly high density of coins right now. Most of the price levels in this range lie just below the current spot price of the cryptocurrency, meaning that the investors who bought here would be making some profit, albeit only a slight one. Generally, when the price retests the cost basis of such investors who were in profit prior to the retest (meaning that the price has approached their cost basis from above), a buying reaction may be produced by these addresses. This is because holders like these may have reason to believe that if they were able to get into profits before, they might be able to do so again in the near future, so they may just accumulate on this “dip.” Such a reaction can naturally provide support to the cryptocurrency. The scale of this support, however, is naturally not anything significant if only a few investors bought at the level to begin with. Narrow ranges that are thick with addresses, on the other hand, might just prove to be a source of noticeable support. In the aforementioned price range near the current spot price, one million addresses acquired a total of about 671,000 BTC. “This accumulation zone highlights strong investor confidence and could serve as a crucial level of support for BTC, potentially cushioning against further drops,” notes the analyst. While the price ranges under the current price are heavy with coins, it’s visible in the chart that this isn’t the case for the ranges above. Just like how supply wallets below can be a source of support, they can instead act as resistance when above. Related Reading: Bitcoin MVRV Hits Levels That Led To Parabolic Bull Run In 2020 The fact that the supply walls above are quite thin suggests that there wouldn’t be too many investors waiting to quickly exit at their break-even, and thus, selling pressure due to them should be low. That said, it doesn’t mean there isn’t any impedance at all. Bitcoin is approaching all-time highs at this point, meaning that the vast majority of the supply is in profit. At these levels, mass selling for harvesting these gains can be the main challenge preventing the run from continuing. BTC Price At present, Bitcoin is trading around the $62,000 level, meaning that it’s right on the edge of the major support wall. Looks like the price of the coin has been sharply going up recently | Source: BTCUSD on TradingView Featured image from Shutterstock.com, IntoTheBlock.com, chart from TradingView.com

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Six Million Bitcoins Now Lost Forever? Why This Matters

Over the years, millions of Bitcoin have been lost forever due to people forgetting or losing their keys, or possibly passing away without passing on their keys. With each passing year, this number grows and more BTC is lost. Now, this number is estimated to have crossed 6 million, which is quite bullish for the [...]

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Bitcoin Plunge To $29,200 Sends 5.9% Of Supply Into Loss

On-chain data shows an additional 5.9% of the total Bitcoin supply has entered into losses as the cryptocurrency’s price has plummeted to $29,200 today. Bitcoin Supply In Profit Has Declined To 70.4% After Today’s Price Plunge According to data from the on-chain analytics firm Glassnode, 1.11 million BTC has gone underwater with the latest asset value drop. The relevant indicator here is the “percent supply in profit,” which tells us about the percentage of the total Bitcoin supply currently carrying some profit. Related Reading: Bitcoin Cash Price Could Restart Rally To $300 If It Breaks This Resistance This metric works by going through the on-chain history of each coin in circulation to see what price it was previously moved at on the network. If this last transfer price for any coin were less than the current spot price of the asset, then that particular coin would be holding an unrealized gain currently. The percent supply in profit adds up all such coins and calculates what part of the total supply they make up for. A counterpart indicator called the “percent supply in loss” keeps track of the opposite type of tokens, and its value can be simply found by subtracting the supply in profit from 100. Now, here is a chart that shows the trend in the Bitcoin percent supply in profit over the past day or so: The value of the indicator seems to have taken a hit in recent hours | Source: Glassnode on Twitter As displayed in the above graph, the Bitcoin percent supply in profit had been floating around 76.3% when the cryptocurrency price was above $30,200 yesterday. With the plunge to $29,200 over the past day, though, the metric has also taken a sharp hit, as only 70.4% of the total circulating supply is holding some unrealized profit now. Historically, whenever the profit in supply has crossed the 75% mark, declines in the price have become more probable. This is because investors become more likely to sell the more profits they hold. The latest tumble in the asset may have come because of this, as the investors who had been sitting on profits may have buckled and sold their coins to harvest their gains. As the metric has cooled down well below the 75% mark now, it’s possible that this may be it for the correction. Before the plunge to $29,200, Bitcoin had been consolidating above $30,000 since many weeks ago. As buying and selling took place in this sideways trend, many investors slowly gained their cost basis at or above this level. Related Reading: Bitcoin (BTC) Address Dormant For More Than 11 Years Moves $31 Million In BTC Due to this reason, the drop below this level has resulted in a significant part of the supply going into loss. More specifically, around 1.11 million BTC (equivalent to 5.9% of the total supply) has entered into the red. BTC Price At the time of writing, Bitcoin is trading around $29,100, down 4% in the last week. BTC has seen a sharp drop during the last 24 hours | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com

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Who’s Stuffing Bitcoin Under Their Mattresses?

Blockchain analytical firm Santiment has revealed that since the value of Bitcoin (BTC) crossed the $23K mark, its existing supply has been moving to self-custody. [...]

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Fastest rate of change: 15M BTC goes into self custody

Nearly 78% of Bitcoin’s total circulating supply is illiquid, according to Glassnode on-chain data analyzed by Cryptoslate, leaving less than 22% of all mined BTC moving around and exchanging hands.  The metrics show investors have been pulling their digital assets away from exchanges and storing them in custodial wallets, to avoid selling them.  Cryptoslate delved […]

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