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Crypto

Bitcoin short-term holders stay in profit for 30 days; CryptoQuant calls it bull-market return signal

Bitcoin short-term holders have stayed in profit for about 30 days, raising the possibility of a shift to a bullish market, an analysis showed. CryptoQuant described the trend as a key signal for a long-term uptrend to return in this cycle. As of Sept. 15, $168.2 billion of short-term holdings were in profit and $102.6 billion were below cost. Other on-chain indicators, including SOPR, also point to improving conditions.

Crypto

Bitcoin posts strongest oversold signal since 2020; is $70,000 next?

Bitcoin is showing its strongest oversold signal since the March 2020 COVID-19 market shock, drawing renewed attention to a possible rebound toward $70,000. Its daily relative strength index fell to about 15.5, well below the 30 level often seen as oversold. The signal follows a roughly 30 percent decline over the past month. Markets are focused on whether $60,000 holds, with upside seen near the 20-day exponential moving average at $70,650.

Crypto

Bitcoin cycle indicator turns bullish after 26 months; CPI data seen as turning point

A bitcoin bull-bear cycle indicator has moved out of the bearish zone for the first time in about 26 months, marking an early bullish signal not seen since March 2023. CryptoQuant data and a 30-day moving average point to improving momentum, while bitcoin also reclaimed the $78,000 level. Analysts cautioned the signal may not immediately lead to a new bull market. Investors are watching U.S. CPI data due before Wall Street opens.