Search results for Checkonchain
Crypto
Bitcoin faces $79,200 test; breakout to set short-term direction
Bitcoin has climbed above $78,000, with the $78,200 and $79,200 areas emerging as key resistance levels that could determine short-term direction. Market watchers are focused on an on-chain “real market mean price” around $78,200 tracked by Checkonchain, and the short-term holder realized price near $79,200. Analysts say failure to clear these levels could prolong the recent range-bound move, while a sustained break above them could strengthen an upward trend.
Crypto
Strategy bitcoin buying no longer moves market prices, analysis says
Strategy (MSTR) bought more bitcoin but the market reaction was limited, an analysis says. CoinDesk reported the company added 4,871 BTC for about $330 million, yet prices did not rise clearly and weakened in some stretches. Checkonchain data show Strategy demand is about 7% of total inflows and about 9% of net inflows. Long-term holders are seen driving supply changes, while outflows since February and a drop in IBIT open interest outweigh Strategy demand.
Crypto
Bitcoin \'1900 percent rally\' precursor signal reappears, similar to 2018 oversold zone
Bitcoin’s short-term holder stress indicator has dropped to its lowest level since after the 2018 bear market, prompting suggestions the market may be close to a macro bottom. Cointelegraph, citing Checkonchain data, said the STH Bollinger Bands metric entered its deepest oversold zone in about eight years. Past instances preceded large rebounds. Some see selling pressure largely exhausted, while Wells Fargo flagged possible liquidity support from expanded U.S. tax refunds.
