Market Update: Bitcoin is Back On The Move (Onchain Analysis)
Bitcoin has rallied back above $71k, showing significant strength, and providing numerous signals that positive momentum has returned. The market is a stones throw away from price discovery.
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Timestamps:
00:00 Introduction
02:18 Profitable Trading Days
03:30 The Bears Still Couldn't Get A -20% Correction
04:55 Bitcoin Approaches The Euphoria Zone
08:30 ETFs See $1.2B in Inflows
10:22 NVT Price Model Supports Fair Value
13:07 Futures Funding Rates Reset Nicely
14:27 Short-Sellers Sacrificed
17:12 Spot CVD Suggests Sellers Squeezed
18:10 Supply in Profit Looks Healthy
20:18 Short-Term Supply Recovers
22:07 Supply in Loss Rebounds
24:45 STH-MVRV Is Quiet and Trending
26:45 Market Momentum Stays Positive
28:29 Summary and Conclusions
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About _checkonchain:
We believe Bitcoin is one of the most important assets of our time, providing investors with a reliable and secure store of value. However, one of the biggest challenges is that Bitcoin's volatility creates uncertainty, especially for those unfamiliar with the way the market trades and moves.
At _checkonchain, we help you navigate this volatility, by bringing together years of market analysis experience, and a unique perspective rooted in the study of Bitcoin’s blockchain data (onchain analysis). We provide traders and investors with expert guidance on current events, as well as frameworks for making data-driven decisions.
Our mission? To provide unmatched Bitcoin education and insights, helping you look ahead and respond to market moves with confidence.
DISCLAIMER
Despite mankind's best efforts, none of us can predict the future, and events which have come before are in no way an indication of what may come next. All methods and concepts presented in this series shall be taken as educational, informational, and for entertainment purposes only. Nothing shall be interpreted or considered as any form of financial or investment advice of any kind. The viewer is solely responsible for their own decisions.
