News Formal

Bitcoin Market Structure Shift: Relief Rally Signals End of Re-Accumulation Phase?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 68%

Cryptocurrency Nachrichten

Bitcoin,Re-Accumulation,Market Structure

Glassnode reports a potential market shift as Bitcoin rallies to $66K, marking a new high since June. On-chain metrics also point towards this shift, suggesting the end of the re-accumulation phase that began in March.

According to blockchain analytic firm Glassnode, last week’s relief rally to $66K presented a first higher high since June.Additionally, a couple of on-chain metrics also printed new highs. The analytics firm noted that these were increasing signs of a market structure shift, which could mark the potential end of the ongoing Bitcoin re-accumulation phase seen since March.Despite the prolonged consolidation, BTC was at the same level as in past market cycles after cycle lows.

However, Glassnode stated that the unrealized losses across the LTH cohort were relatively small but were consistent with past re-accumulation phases.The analytics firm added that the recent relief rally boosted STH into profits, a different scenario from the previous few weeks.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 22. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Investors shift strategies in anticipation of broadening marketBig tech has powered portfolios, but investors are looking to broaden exposure as they anticipate interest rate cuts and a possible recession
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Bitcoin whales gather $157.3 mln BTC in market dip: Bullish signs?BTC trading volume soars by 37.72% as prices hike by 1.48% in 24 hours. 3 whales accumulate 2814 BTC worth $157.3 million
Herkunft: CryptoAmb - 🏆 22. / 68 Weiterlesen »

Market sell-off deepens: Bitcoin falls to $53k, stocks plummet, gold loses $2,500The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

US jobs report sparks market sell-off, Bitcoin tumbles below $55kThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »