CryptoQuant.com
Is the bottom in for Bitcoin?
📈 Supply/Demand: BTC reserve for all exchanges reached a 3.5-year low. A slight increase in Fund Holdings driven by BTCC.U. 😐 Technical Oscillators: In a weekly time frame, it seems neutral 😐 Whale Accumulation: No significant whale accumulation activity but miners are holding. 📈 Market Sentiment: Buy volume in market orders is prevailing in the derivatives markets. 📈 On-chain Indicators: The Bullish change in CDD, NUPL, and Dormancy data were driven by the 6-12 month UTxO age band cohort.