Miner Selling Pressure Declines, Could Fuel Bitcoin Rally, Blockchain Analysis Shows
Miner outflows have slowed since January. The last time this happened, bitcoin went parabolic.
The compliance-minded crypto data firm, is now valued at $2 billion after a Series D raise from Paradigm, Ribbit and others.
More bitcoin may be getting HODLed, blockchain data shows.
The largest police force in the U.S. has beefed up rules governing who can trace crypto transactions. It’s been using Chainalysis software since 2019.
Historically, the periods the MVRV ratio has dropped below 1.0 have been some of the best times to invest in BTC, according to Coin Metrics.
The active supply of bitcoin held for shorter periods of time keeps shrinking, according to Arcane Research.