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

Ethereum surpasses Bitcoin with a surprise rally beyond $ 2,500

2025-05-13

XRP repairs 3rd place, does Tether get over: do you have to expect a rally now?

2025-05-13

Tron and Ethereum fight for the USDT top position

2025-05-13
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

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-12

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12
  • NFT

    Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

    2025-05-13

    Donald Trump Jr. Splashes rumors about ‘Truth Social’ -Memecoin

    2025-05-13

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11
  • 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

    Ethereum surpasses Bitcoin with a surprise rally beyond $ 2,500

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12

    Can the resistance crush and re -design the rally?

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Will Bitcoin Overwhelm Investors in the Short Term?
Altcoins

Will Bitcoin Overwhelm Investors in the Short Term?

2023-11-03No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

  • BTC is up over 2.5% in the last 24 hours along with a surge in volume.
  • Market sentiment turned bearish on BTC, as did a number of metrics.

Bitcoin [BTC] has shocked investors over the past month thanks to the latest bull rally. As we entered the second month of the last quarter, a key indicator turned bullish.


Read Bitcoins [BTC] Price prediction 2023-24


Market confidence in Bitcoin is low

Over the past seven days, the price of the king of cryptos has risen by more than 3%. Even though the momentum had dropped, the price chart still remained in the green. According to CoinMarketCapThe value of BTC has risen by more than 2.5% in the past 24 hours.

At the time of writing, it was trading at $35,379.27 with a market cap of over $690 billion.

The better news was that 24-hour trading volume also increased by more than 90%, indicating that investors were actively trading the coin.

As the price of the coin rose, market sentiment turned in favor of the sellers. This was evident in the data that AMBCrypto analyzed via LunarCrush, which showed that bullish sentiment around the token had dropped.

Not only that, but social engagement also plummeted last week, meaning Bitcoin’s popularity had waned somewhat.

Source: LunarCrush

Will Bitcoin surprise investors again?

While market sentiment looked bearish for the king of cryptos, CryptoCon, a popular X account (formerly Twitter), highlighted a key bullish metric. According to the tweet, one of the most important Bitcoin indicator breakout for the cycle has just occurred for a rare second time this cycle.

See also  Is a Price Correction Impending for Ethereum?

Not only does this usually mean that good things will happen in the short term, but it also marks the beginning of all the greatest historical movements.

The most important #Bitcoin indicator breakout for the cycle has just occurred for the rare second time this cycle.

This not only means that good things will usually happen in the shorter term, but also marks the beginning of all the greatest historical movements:

– The bull comes in… pic.twitter.com/WWlKPEy4u7

— CryptoCon (@CryptoCon_) November 1, 2023

Therefore, a closer look at the blockchain’s statistics sheds light on what you can expect from it. From additional data analyzed by AMBCrypto via CryptoQuantSelling pressure on BTC was high at the time of writing. This was evident from the fact that the foreign exchange reserve increased.


Is your portfolio green? look at the BTC profit calculator


The aSORP was also in the red, meaning more investors were selling the token at a profit, which could indicate a possible market top.

Nevertheless, BTC‘s derivatives metrics such as Funding Rate and Taker Buy Sell Ratio were green, indicating that investors in the futures market were purchasing BTC at the higher price at the time of publication.

Source: CryptoQuant



Source link

Bitcoin investors Overwhelm Short term
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum surpasses Bitcoin with a surprise rally beyond $ 2,500

2025-05-13

XRP repairs 3rd place, does Tether get over: do you have to expect a rally now?

2025-05-13

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

2025-05-13

Bitcoin near ATH, but still no extreme greed: green sign for Bull Run?

2025-05-13
Add A Comment

Comments are closed.

Top Posts

The Swiss canton bank of Zurich unveils trading options for Ethereum and Bitcoin

2024-09-06

SEC opens comments on options trading for BlackRock, Cboe spot Bitcoin ETFs

2024-01-19

A complete guide for NFTs

2025-03-14
Editors Picks

Footprint Analytics and Core Chain pave the way to a breakthrough in Blockchain

2024-04-28

Bitcoin: How a wave on this front could be ‘dangerous’ for BTC

2024-03-16

Mt Gox will start verifying addresses for 200,000 BTC in payouts

2024-01-24

Bitcoin price rises by more than 15% in a few days, $45,000 seems close

2023-12-05
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

Ethereum surpasses Bitcoin with a surprise rally beyond $ 2,500

XRP repairs 3rd place, does Tether get over: do you have to expect a rally now?

Tron and Ethereum fight for the USDT top position

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)$103,398.22-0.83%
  • ethereumEthereum(ETH)$2,480.02-2.51%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.555.47%
  • binancecoinBNB(BNB)$650.57-2.98%
  • solanaSolana(SOL)$173.82-0.70%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.226671-8.88%
  • cardanoCardano(ADA)$0.80-2.82%
  • tronTRON(TRX)$0.264409-2.06%
  • suiSui(SUI)$3.98-3.90%
  • chainlinkChainlink(LINK)$16.60-4.10%
  • avalanche-2Avalanche(AVAX)$24.51-3.05%
  • stellarStellar(XLM)$0.307897-2.03%
  • shiba-inuShiba Inu(SHIB)$0.000016-10.14%
  • hedera-hashgraphHedera(HBAR)$0.209055-2.04%
  • hyperliquidHyperliquid(HYPE)$24.970.06%
  • the-open-networkToncoin(TON)$3.30-5.66%
  • bitcoin-cashBitcoin Cash(BCH)$399.47-3.43%
  • unus-sed-leoUNUS SED LEO(LEO)$8.591.34%
  • polkadotPolkadot(DOT)$5.01-3.72%
  • piPi(PI)$1.11-27.71%
  • litecoinLitecoin(LTC)$102.460.29%
  • moneroMonero(XMR)$340.89-0.91%
  • pepePepe(PEPE)$0.000014-6.87%
  • bitget-tokenBitget Token(BGB)$4.74-3.45%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.71-5.31%
  • bittensorBittensor(TAO)$461.850.07%
  • nearNEAR Protocol(NEAR)$3.08-3.93%
  • aptosAptos(APT)$5.72-4.70%
  • aaveAave(AAVE)$216.19-1.99%
  • okbOKB(OKB)$54.06-2.40%
  • ondo-financeOndo(ONDO)$1.01-5.32%
  • kaspaKaspa(KAS)$0.120285-2.61%
  • internet-computerInternet Computer(ICP)$5.61-5.16%
  • ethereum-classicEthereum Classic(ETC)$19.53-3.76%
  • gatechain-tokenGateToken(GT)$21.92-0.24%
  • mantleMantle(MNT)$0.79-4.26%
  • render-tokenRender(RENDER)$5.10-4.15%
  • crypto-com-chainCronos(CRO)$0.098802-2.21%
  • vechainVeChain(VET)$0.030378-6.13%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.249432-5.92%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.86-9.82%
  • ethenaEthena(ENA)$0.378838-8.61%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • algorandAlgorand(ALGO)$0.237057-3.25%
  • arbitrumArbitrum(ARB)$0.426149-8.06%
  • filecoinFilecoin(FIL)$3.04-5.42%
  • bitcoinBitcoin(BTC)$103,398.22-0.83%
  • ethereumEthereum(ETH)$2,480.02-2.51%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.555.47%
  • binancecoinBNB(BNB)$650.57-2.98%
  • solanaSolana(SOL)$173.82-0.70%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.226671-8.88%
  • cardanoCardano(ADA)$0.80-2.82%
  • tronTRON(TRX)$0.264409-2.06%
  • suiSui(SUI)$3.98-3.90%
  • chainlinkChainlink(LINK)$16.60-4.10%
  • avalanche-2Avalanche(AVAX)$24.51-3.05%
  • stellarStellar(XLM)$0.307897-2.03%
  • shiba-inuShiba Inu(SHIB)$0.000016-10.14%
  • hedera-hashgraphHedera(HBAR)$0.209055-2.04%
  • hyperliquidHyperliquid(HYPE)$24.970.06%
  • the-open-networkToncoin(TON)$3.30-5.66%
  • bitcoin-cashBitcoin Cash(BCH)$399.47-3.43%
  • unus-sed-leoUNUS SED LEO(LEO)$8.591.34%
  • polkadotPolkadot(DOT)$5.01-3.72%
  • piPi(PI)$1.11-27.71%
  • litecoinLitecoin(LTC)$102.460.29%
  • moneroMonero(XMR)$340.89-0.91%
  • pepePepe(PEPE)$0.000014-6.87%
  • bitget-tokenBitget Token(BGB)$4.74-3.45%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.71-5.31%
  • bittensorBittensor(TAO)$461.850.07%
  • nearNEAR Protocol(NEAR)$3.08-3.93%
  • aptosAptos(APT)$5.72-4.70%
  • aaveAave(AAVE)$216.19-1.99%
  • okbOKB(OKB)$54.06-2.40%
  • ondo-financeOndo(ONDO)$1.01-5.32%
  • kaspaKaspa(KAS)$0.120285-2.61%
  • internet-computerInternet Computer(ICP)$5.61-5.16%
  • ethereum-classicEthereum Classic(ETC)$19.53-3.76%
  • gatechain-tokenGateToken(GT)$21.92-0.24%
  • mantleMantle(MNT)$0.79-4.26%
  • render-tokenRender(RENDER)$5.10-4.15%
  • crypto-com-chainCronos(CRO)$0.098802-2.21%
  • vechainVeChain(VET)$0.030378-6.13%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.249432-5.92%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.86-9.82%
  • ethenaEthena(ENA)$0.378838-8.61%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • algorandAlgorand(ALGO)$0.237057-3.25%
  • arbitrumArbitrum(ARB)$0.426149-8.06%
  • filecoinFilecoin(FIL)$3.04-5.42%