By Wayne Jones Bitcoin’s short-term correlation with the S&P 500 has turned negative recently, but on-chain analyst Axel Adler Jr. warned in his March 31 Morning Brief that this is not the bullish signal it might appear to be. The more telling metric, the BTC/S&P price ratio, has been declining since the start of the […]
Tag: BTC
By Ronaldo Marquez Nakamoto Holdings, a publicly traded Bitcoin‑treasury company that launched last August, is facing a deepening financial crisis after a dramatic stock collapse and a string of losses that have eroded investor confidence and raised the specter of delisting. In less than a year, the company’s market capitalization has plunged from a peak […]
By Wayne Jones Data shared by on-chain analyst Crypto Dan shows that Bitcoin (BTC) long-term holders are selling at a loss. According to him, it means that the market may be approaching a phase where selling pressure gets exhausted, which could signal that a major cycle low is about to be reached. What the Data […]