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
Solana Price Prediction: SOL Holds Near $81 as Breakout Setup Points to $87, but Whale Flows Keep Risk Active
Solana price is back in focus after a sharp recovery pushed SOL towards the $81 area. The move has improved short-term momentum, e...
Ethereum (ETH) Price Prediction: ETH Holds Near $1,780 as Bulls Eye $1,860–$1,950, but $1,609 Remains Key Invalidation
Ethereum price is trading near $1,779 after a mixed 24-hour session, according to Brave New Coin data. ETH is down around 0.76% on...
CryptoQuant Flags Exchange Deposit Spike As Bitcoin Volatility Risk Builds
Bitcoin’s rebound has not removed the risk of another volatile move. CryptoQuant is warning that exchange deposit activity has pic...
Bitcoin nears $63.5K into weekly close as trader warns of 'terrible' Monday
Bitcoin reached its highest levels in nearly a fortnight over the weekend, but BTC price action faced an "absolutely terrible" Mon...
XRP Price Prediction: SuperTrend Buy Signal Meets Shrinking Supply as $1.24 Breakout Comes Into Focus
After a fresh SuperTrend buy signal appeared on the 4-hour chart, analysts are watching whether the XRP price can extend its recen...
CryptoQuant says bitcoin and altcoin exchange deposits have spiked, indicating higher volatility ahead
Bitcoin deposits to exchanges recently climbed to nearly 49,000 BTC, "a rare extreme" seen only four other times this year, Crypto...