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UNICryptoQuant analyst Axel Adler Jr. says Bitcoin's 30-day high-low spread has narrowed from 13% to 6%, with the price in an $80,000-$86,000 range for a ninth day. It rebounded off its 365-day simple moving average to close at $80,500, a 30-day low, with $86,000 the key level above.
Axel Adler Jr. says Bitcoin's 30-day range has narrowed to 6% as it holds $80,000-$86,000
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OdailyThe story so far: Axel Adler bitcoin on-chain analysis
Analyst Axel Adler Jr. has tracked bitcoin's selling pressure, liquidations and key support levels, most recently noting a 6% 30-day range with bitcoin at $80,000-$86,000. He now says long-term holders' MVRV slipped to 1.65 and their 30-day distribution fell 22%, from 310,000 to 240,000 BTC.
Analyst: BTC recovery may need over 76% of supply in profit to continue
On-chain analyst Axel Adler Jr. said Bitcoin's September rebound lifted the share of supply in profit to 72%, below the long-term average of 76%. He said the ratio rose from 65% to 73.8% as BTC climbed from $76,000 to $87,000 between 17 Sept and 27 Sept, the highest…
Analyst: Bitcoin trades 14% above short-term holder cost basis, long-term holders up 72%
Analyst Axel Adler said Bitcoin trades near $83,700, 14% above the short-term holder cost basis of $73,700, while long-term holders sit about 72% above their $48,800 cost basis.
Analyst: BTC futures buy pressure highest since 19 Aug, warns below $83,000
On-chain analyst Axel Adler Jr. said Bitcoin could fall further if it drops below $83,000, as longs opened above that level may unwind. He said futures buy pressure hit its highest since 19 Aug and open interest rose about 8,900 BTC in 24 hours as BTC went from $83,400…
Bitcoin realised cap rises $12.8bn in 30 days, growth rate doubles
Bitcoin's realised market cap rose 1.2%, or $12.8bn, over 30 days to $1.08tn as of 2 Oct, roughly double the prior month's 0.66% growth, per CryptoQuant contributor Axel Adler Jr. He said the metric kept rising despite a modest price pullback after September gains.
Analyst: Bitcoin long-term holders cut holdings for seventh straight week
Crypto analyst Axel Adler said Bitcoin long-term holders have reduced holdings for a seventh consecutive week, with the change at minus 73,400 BTC as of 28 Sept, wider than minus 1,100 a week earlier. The LTH SOPR was 1.18 on 28 Sept, above 1 for a second week, indicating…
Analyst: Bitcoin long-term holders take profit as market absorbs 7 weeks of selling
Crypto analyst Axel Adler said Bitcoin long-term holders are gradually exiting at higher prices while new demand absorbs the supply, with holdings falling for a seventh straight week without halting BTC's rise. He said the current reduction is small versus about 1.07 million BTC…
Bitcoin briefly dips below $84,000 as active selling and long liquidations intensify
CryptoQuant analyst Axel Adler Jr. said Bitcoin fell from $85,500 to $83,900 in the early hours of 7 October before rebounding slightly to $84,100, with active sell orders dominating and forced long liquidations. He said the taker buy/sell pressure oscillator dropped to -4.9…
Axel Adler says short-term holders sent 11,000 BTC to exchanges in seven days
Analyst Axel Adler said in a post on X that Bitcoin short-term holders are still selling coins in profit through exchanges. About 11,000 BTC moved to exchanges in the past seven days, down about 66% from a previous peak of 32,000 BTC, easing selling pressure.
Axel Adler says market absorbed 220,374 BTC last week with exchanges seeing net outflows
CryptoQuant analyst Axel Adler said the market absorbed 220,374 BTC last week while exchange net flow stayed negative at -3,863 BTC. He said the net outflow shows buyer demand remains stronger than selling pressure, with some funds absorbing market supply.
Axel Adler Jr. says Bitcoin risks deeper decline if $80,400 fails
On-chain analyst Axel Adler Jr. said $80,400 is the key support for Bitcoin, which fell about 6% from $86,700 on 2 Oct to $81,600. He said a break of that level with his market structure indicator below -0.5 could signal a broader downtrend, while futures selling pressure remains dominant.
Axel Adler Jr. says Bitcoin's 30-day range has narrowed to 6% as it holds $80,000-$86,000
CryptoQuant analyst Axel Adler Jr. says Bitcoin's 30-day high-low spread has narrowed from 13% to 6%, with the price in an $80,000-$86,000 range for a ninth day. It rebounded off its 365-day simple moving average to close at $80,500, a 30-day low, with $86,000 the key level above.
Axel Adler Jr. says Bitcoin long-term holders' 30-day distribution fell 22%
CryptoQuant analyst Axel Adler Jr. says Bitcoin's long-term holder MVRV slipped from 1.67 to 1.65 between 22 and 29 Oct, with the price about 65% above that group's $48,000 average cost basis. He says their 30-day distribution fell from 310,000 to 240,000 BTC, a 22% drop.
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