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Why Is Ethereum Surging, Outperforming Bitcoin Today?
Thursday, April 1, 2021 - 12:09am | 463Gains in Bitcoin (BTC) appear faint in comparison with Ethereum (ETH) as the latter’s supply diminishes. What Happened: BTC traded 0.13% at $59,285.22 over 24 hours at press time while ETH was up 4.08% at $1,925.03. Over a seven-day trailing period, ETH has surged 21.92%, while BTC has...
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Bitcoin Irresistible To Institutional Buyers Even At $54,000: What You Need To Know
Tuesday, March 23, 2021 - 10:39pm | 531Outflows from Coinbase’s institution-focused platform indicate that large or multiple large investors may be moving Bitcoin (BTC) for likely long-term storage or other purposes. What Happened: Data from CryptoQuant, a provider of on-chain data, charts, and alerts, indicates that approximately...
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In Bitcoin's Path Back To $50,000, Institutional Investors, Whales Battle Miners
Sunday, February 28, 2021 - 10:26pm | 560As Bitcoin price (CRYPTO: BTC) trudges back on the path to $50,000, whales are battling the other dominant players — miners, in the backdrop. What Happened: On Sunday, CryptoQuant CEO Ki Young Ju said on Twitter, “It's a whale war, and you know who got the real power....
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Key Metric Indicates Bitcoin Rally Might Be Over For The Time-Being: What You Need To Know
Sunday, January 10, 2021 - 11:04pm | 513Bitcoin (BTC) may be approaching a local top, according to CryptoQuant CEO Ki Young Ju, who based his analysis on miners selling the cryptocurrency. What Happened: Ki pointed to a metric called Miners’ Position Index (MPI), which is the ratio of all BTC leaving miners to the coin’s one-...
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As Bitcoin Crossed $30K, Institutional Buyers On Coinbase Made Record Purchases
Tuesday, January 5, 2021 - 7:32am | 280Institutional buyers kept buying Bitcoin (BTC) even as its price crossed the $30,000 level, according to CryptoQuant CEO Ki Young Ju. What Happened: Ki pointed to a chart tracking the outflows from Coinbase Pro wallets dating back to Jan. 2, when the Bitcoin price reached $32,196. "...