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CRYPTOCURRENCY

Bitcoin’s Significant Support Stands at $42.2K, Illiquid Supply Soars for 214 Days
cryptocurrency

Bitcoin’s Significant Support Stands at $42.2K, Illiquid Supply Soars for 214 Days

Based on Bitcoin’s transaction history, notable support lies at the $42,260 as many addresses bought coins at this level.

Bitcoin’s Outflow from Exchanges still Heavy Despite Looming Correction, says Crypto Trader
cryptocurrency

Bitcoin’s Outflow from Exchanges still Heavy Despite Looming Correction, says Crypto Trader

Veteran market and crypto trader Michael van de Poppe has noted that despite the current price correction, Bitcoin outflows from exchanges are still sizable.

78% of the Circulating Bitcoin Supply is Illiquid, a Clear Bullish Indicator as BTC is Being Hoarded
cryptocurrency

78% of the Circulating Bitcoin Supply is Illiquid, a Clear Bullish Indicator as BTC is Being Hoarded

78% of the circulating Bitcoin supply is illiquid, and Glassnode noted that this is an indicator of bullish investor sentiment.

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