A look at various Onchain metrics shows that miners, banks, and whales do not support the increase in the price of Bitcoin. Banks continued to reduce their Bitcoin reserves and the miners sold their bitcoins. Bitcoin Exchange Wall Ratio has also shown the increase in the entry of Bitcoin into the exchanges by whales. On the other hand, With the reduction of...
based on halving time, the next bull run we'll occur on April 1, 2024.
The new ATH will happen 43- 74 weeks after Halving Time (2025). With this estimate, bitcoin will be around 110 to 135 thousand dollars on the next ATH
P.S. I used to New onchain Metric:
1- BTC New Supply: Onchain - you can find it in the below link:
2- Supply weighted moving average:
I will...
I recently published BTC-leading SOPR. You can find it at the following link:
According to this chain metric, bitcoin still has a downward bias. This metric has also never descended overlow area in this cycle. This means that the bottom has not yet occurred.
In this post, I want to examine the market bottom area based on technical indicators and onchain metrics.
Technical indicators:
1- RSI:
In the last two cycles, the RSI value in the market bottoms has been between 43.6 and 44.8 in the monthly timeframe.
RSI Value is 46.94 now. this is not far from the previous two values, but they were slightly less than this...
V/T ratio is a new Onchain metric that I published recently in Tradingview. To check this Onchain Metric Please check the link below:
this indicator is based on THE TOTAL VOLUME OF BITCOIN TRANSFERRED ONCHAIN IN USD and THE TOTAL AMOUNT OF TRANSACTIONS. I have explained the phases of the market based on this metric in the link above.
When it is high, it means...
The chart shows the summary of Onchain data:
Based on MPI and Miner Outflow, miners are still in the selling position
Based on Exchange Whale Ratio, The top 10 inflows to the total inflows are in a high position.
Exchange Reserve has increased slightly
Funding Rate indicates that we are in the local high position
BTC 1Y CDD increased and shows that some holders...
In recent days, we are witnessing an increase in Open Interest (one of the Onchain indicators).
Open Interest is defined as the number of open positions (including both long and short positions) currently on a derivative exchange's trading pairs.
As Open Interest (OI) increases, it indicates more liquidity, volatility , and attention are coming into the derivative...
In recent days, we are witnessing an increase in Open Interest (one of the Onchain indicators).
Open Interest is defined as the number of open positions (including both long and short positions) currently on a derivative exchange's trading pairs.
As Open Interest (OI) increases, it indicates more liquidity, volatility, and attention are coming into the derivative...
Onchain Indicators show an increase in bitcoin sales by miners and short-term investors
A summary of the onchain indicators is written on the chart.
These indicators confirm what the technical indicators show. This sale will reduce the price of Bitcoin and create a local bottom. The value of this local baton will determine the next trend of BTC (see the idea below)
