Bitcoin Is “Least Bullish Since September 2023,” CryptoQuant Head Says

Quick Summary:

Based on on-chain data, the Head of Research at the analytics firm CryptoQuant has explained how Bitcoin has been looking less bullish recently.

This metric combines the data of three popular indicators related to profit and loss to find its value (MVRV Ratio, NUPL, and SOPR).

This indicator is based on another metric developed by the analytics firm: the P&L Index.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Btc Bitcoin CryptoQuant Bull-Bear Indicator CryptoQuant Bitcoin Bullish Btcusd Bitcoin Bull-Bear Indicator Bitcoin bull market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 00:00:31 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21375868

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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