Bitcoin Exchange Reserves Hit Multi-Year Low Despite Price Rally

Bitcoin Exchange Reserves Hit Multi-Year Low Despite Price Rally   decrypt.co 30 July 2024 18:39, UTC Bitcoin exchange reserves have plummeted to approximately 2.8 million coins—their lowest levels in years. This sharp decline comes amid a sustained price surge from Bitcoin as it keeps testing $70,000, according to data from on-chain analytics platform CryptoQuant. This…

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Long-Term Investors Accumulate $7.4B in Bitcoin as Weak Hands Dump

Long-Term Investors Accumulate $7.4B in Bitcoin as Weak Hands Dump   thecryptobasic.com 30 July 2024 16:39, UTC While weak hands are dumping Bitcoin, forcing a retest of the $65,000 threshold, data shows investors with longer-term perspectives are accumulating BTC. Bitcoin has dropped by over 4% today, triggering a market-wide dump. Specifically, the premier crypto dropped…

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Bitcoin Price Analysis: How Deep Can This Correction Go as BTC Dips Below $66K?

Bitcoin Price Analysis: How Deep Can This Correction Go as BTC Dips Below $66K?   cryptopotato.com 30 July 2024 16:43, UTC Following an impulsive rally, Bitcoin lost its bullish momentum upon reaching the $70K threshold, indicating the presence of sellers in the market. Nevertheless, considering that the price is hovering above the crucial 100-day MA,…

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