Bitcoin onchain indicator signals $58.5K price near ‘favorable’ buy level
A CryptoQuant contributor has indicated that a slight decrease in the Bitcoin Puell Multiple index could present a “favorable buying opportunity.”
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
A CryptoQuant contributor has indicated that a slight decrease in the Bitcoin Puell Multiple index could present a “favorable buying opportunity.”
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Ethereum (ETH) Price Prediction: Whale Rotates $155M Into ETH as Longs Surge Near $2,500
Ethereum is trying to stabilize after another volatile stretch, with price returning toward the mid-$2,400 region while several po...
Bitcoin (BTC) Price Prediction: $74K Liquidity Gap Puts $80K Support to the Test
Meanwhile, data from Glassnode and Fasanara Digital show that traditional financial assets are capturing a growing share of deriva...
xStocks tokenized stocks hit $1B in onchain market cap, up 802.5% in a year
The rapid growth of tokenized stocks highlights a shift towards decentralized finance, potentially reshaping global investment acc...
Injective CEO meets White House, SEC and CFTC officials on onchain finance
The meetings highlight a potential shift towards regulatory acceptance, potentially paving the way for institutional adoption of D...
Bitcoin Steadies Near $81,700 as Pepe Leads Memecoin Rebound Ahead of Fed Meeting
Bitcoin recovered to $81,700 as pepe jumped 13% and memecoins climbed 2.9%. ETF outflows hit $635m as traders eye the Fed's Oct. 2...
Bitcoin Steadies Near $81,700 as Robinhood Traders Bet on Bitcoin and Gold, and Bitcoin Core Rewrites Its Security Playbook
Bitcoin trades near $81,700 as Robinhood sees surging bitcoin and gold prediction markets, Bitcoin Core ends its bug embargo, and...