Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

2025-05-18

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Why is Bitcoin’s price stuck around $52,000?
Bitcoin

Why is Bitcoin’s price stuck around $52,000?

2024-02-24No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

  • There was a sharp increase in the number of institutional investors.
  • Fees collected by miners fell 32% in the week.

In what was a sign of clear bullish sentiment, Bitcoin [BTC] Nearly $540 million was withdrawn from the centralized exchanges last week. This according to an analysis company in the chain In the block, was the largest weekly net outflow since June 2023.

Typically, spikes in currency outflows imply a short-term accumulation trend, likely driven by expectations of higher returns in the future.

The trend also reflected investors’ preference for HODL rather than liquidating their holdings for profit. This was interesting considering that over 94% of all Bitcoin entities were making profits at the time of writing, according to AMBCrypto’s analysis of Glassnode’s data.

Bitcoin entities make profitsBitcoin entities make profits

Source: Glassnode

What the traders are doing

Another telling indicator of broader market accumulation was the jump in the number of institutional investors.

The number of unique entities holding at least 1k coins reached 1,670 at the time of writing, an increase of 12% from the past month. This figure was also reminiscent of the early bull market period of 2021.

Bitcoin whalesBitcoin whales

Source: Glassnode

As users focused on accumulation, transaction activity on the network decreased. Bitcoin miners collected just over $11 million in network usage fees last week, marking a 32% drop.

In fact, further investigation revealed that the percentage of miner revenue from fees fell sharply, from 26% at the start of the year to 3.23% at the time of writing.

Bitcoin miner income in feesBitcoin miner income in fees

Glass junction

This may not be pleasant reading for miners monitoring the first-generation blockchain, who will face a drop in block rewards after next month’s halving.

See also  Bitcoin Dips Are to Buy: BTC Sees Record-Breaking Accumulation

The king coin has hit a range limit in the past week, hovering in a narrow zone between $51,000 and $52,000, according to CoinMarketCap. The sideways move was another sign that Bitcoin was piling up.


Read BTC price forecast for 2024-2025


The market was “extremely greedy” at press time, as evidenced by AMBCrypto’s research into the Hyblock Capital movement.

This suggested that more investors would enter the market, eventually leading to an upside breakout.

Bitcoin fear and greed indexBitcoin fear and greed index

Source: Hyblock Capital

Next: Ethereum NFT Monthly Sales Surge to 10-Month High – What’s Next?

Source link

Bitcoins Price Stuck
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

2025-05-18

Bitcoin bulls are confronted with Make-Or-Break-moment at $ 106,500 Resistance details

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Bonk falls under the key support: the memecoin can only recover if …

2025-03-11

Kyrgyzstan Supercharges Middle Corridor’s digitization

2025-04-07

Pro-XRP Lawyer Describes ‘Harmful’ Potential Evidence for SEC in Lawsuit Against Ripple

2023-05-23
Editors Picks

Shiba Inu’s Bullish Trend Weakens As Holders Seek Selling Opportunities! Here’s SHIB Price’s Next Crucial Level

2023-08-29

World AI stability works together with Rabbit Launchpad to stimulate the next generation Web3 AI, NFT and decentralized creativity

2025-02-13

SEC cautions accounting firms against accommodating non-compliant crypto clients

2023-07-28

Dogecoin breaks away with a 9% rise: why this could put Bitcoin in trouble

2024-10-19
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,784.102.60%
  • ethereumEthereum(ETH)$2,456.10-0.23%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.402.54%
  • binancecoinBNB(BNB)$647.731.33%
  • solanaSolana(SOL)$169.952.83%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2286497.08%
  • cardanoCardano(ADA)$0.751.58%
  • tronTRON(TRX)$0.266686-1.03%
  • suiSui(SUI)$3.851.56%
  • chainlinkChainlink(LINK)$15.652.65%
  • avalanche-2Avalanche(AVAX)$22.682.58%
  • stellarStellar(XLM)$0.2898111.89%
  • hyperliquidHyperliquid(HYPE)$26.673.76%
  • shiba-inuShiba Inu(SHIB)$0.0000154.34%
  • hedera-hashgraphHedera(HBAR)$0.1943972.44%
  • bitcoin-cashBitcoin Cash(BCH)$404.283.68%
  • unus-sed-leoUNUS SED LEO(LEO)$8.67-3.04%
  • the-open-networkToncoin(TON)$3.132.00%
  • litecoinLitecoin(LTC)$99.273.49%
  • polkadotPolkadot(DOT)$4.712.45%
  • moneroMonero(XMR)$338.741.39%
  • bitget-tokenBitget Token(BGB)$5.153.88%
  • pepePepe(PEPE)$0.00001310.70%
  • piPi(PI)$0.759.00%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.985.02%
  • bittensorBittensor(TAO)$417.92-0.46%
  • aaveAave(AAVE)$227.052.72%
  • nearNEAR Protocol(NEAR)$2.794.20%
  • aptosAptos(APT)$5.111.09%
  • okbOKB(OKB)$52.94-0.49%
  • ondo-financeOndo(ONDO)$0.943.04%
  • kaspaKaspa(KAS)$0.1102571.35%
  • ethereum-classicEthereum Classic(ETC)$18.382.02%
  • internet-computerInternet Computer(ICP)$5.222.17%
  • gatechain-tokenGateToken(GT)$21.700.66%
  • crypto-com-chainCronos(CRO)$0.0984111.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.054.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2380453.35%
  • mantleMantle(MNT)$0.731.76%
  • vechainVeChain(VET)$0.0285083.43%
  • render-tokenRender(RENDER)$4.591.83%
  • ethenaEthena(ENA)$0.3793278.91%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • algorandAlgorand(ALGO)$0.2229844.10%
  • filecoinFilecoin(FIL)$2.863.25%
  • cosmosCosmos(ATOM)$4.883.70%
  • bitcoinBitcoin(BTC)$105,784.102.60%
  • ethereumEthereum(ETH)$2,456.10-0.23%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.402.54%
  • binancecoinBNB(BNB)$647.731.33%
  • solanaSolana(SOL)$169.952.83%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2286497.08%
  • cardanoCardano(ADA)$0.751.58%
  • tronTRON(TRX)$0.266686-1.03%
  • suiSui(SUI)$3.851.56%
  • chainlinkChainlink(LINK)$15.652.65%
  • avalanche-2Avalanche(AVAX)$22.682.58%
  • stellarStellar(XLM)$0.2898111.89%
  • hyperliquidHyperliquid(HYPE)$26.673.76%
  • shiba-inuShiba Inu(SHIB)$0.0000154.34%
  • hedera-hashgraphHedera(HBAR)$0.1943972.44%
  • bitcoin-cashBitcoin Cash(BCH)$404.283.68%
  • unus-sed-leoUNUS SED LEO(LEO)$8.67-3.04%
  • the-open-networkToncoin(TON)$3.132.00%
  • litecoinLitecoin(LTC)$99.273.49%
  • polkadotPolkadot(DOT)$4.712.45%
  • moneroMonero(XMR)$338.741.39%
  • bitget-tokenBitget Token(BGB)$5.153.88%
  • pepePepe(PEPE)$0.00001310.70%
  • piPi(PI)$0.759.00%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.985.02%
  • bittensorBittensor(TAO)$417.92-0.46%
  • aaveAave(AAVE)$227.052.72%
  • nearNEAR Protocol(NEAR)$2.794.20%
  • aptosAptos(APT)$5.111.09%
  • okbOKB(OKB)$52.94-0.49%
  • ondo-financeOndo(ONDO)$0.943.04%
  • kaspaKaspa(KAS)$0.1102571.35%
  • ethereum-classicEthereum Classic(ETC)$18.382.02%
  • internet-computerInternet Computer(ICP)$5.222.17%
  • gatechain-tokenGateToken(GT)$21.700.66%
  • crypto-com-chainCronos(CRO)$0.0984111.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.054.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2380453.35%
  • mantleMantle(MNT)$0.731.76%
  • vechainVeChain(VET)$0.0285083.43%
  • render-tokenRender(RENDER)$4.591.83%
  • ethenaEthena(ENA)$0.3793278.91%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • algorandAlgorand(ALGO)$0.2229844.10%
  • filecoinFilecoin(FIL)$2.863.25%
  • cosmosCosmos(ATOM)$4.883.70%