On-chain data shows the Bitcoin aSOPR metric has dropped to lows not seen since December 2018, suggesting that holder capitulation is deepening. Bitcoin aSOPR Plummets To Lows Not Observed Since Almost 4 Years Ago As pointed out by an analyst in a CryptoQuant post, the current capitulation is deeper than during both the 2015 bear … Read more
Bitcoin has sharply rebounded back to $20.4k, but is the decline actually over? This on-chain metric may suggest otherwise. Bitcoin Coin Days Destroyed Metric Has Spiked Up Over The Past Day As pointed out by an analyst in a CryptoQuant post, BTC Coin Days Destroyed is showing a spike at the moment. A “coin day” … Read more
Shares of Norwegian Cruise Line Holdings Ltd. NCLH, -1.59% jumped 2.4% toward a six-month high in premarket trading Tuesday, after the cruise operator reported a narrower-than-expected third-quarter loss on revenue that rose above forecasts, and as an adjusted earnings metric reached profitability for the first time since the start of the pandemic. Net losses narrowed … Read more
Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” bitcoins returning to circulation. BTC trends out of hibernation As BTC/USD stages something of a comeback in the second half of October, hodlers … Read more
Historical data of an on-chain indicator could suggest Bitcoin may not be in danger of another sharp crash right now. Bitcoin Spot Exchange Depositing Addresses Stay At Very Low Values As pointed out by an analyst in a CryptoQuant post, signs are that another crash similar to Q3 2018 isn’t likely to happen currently. The … Read more
Bitcoin (BTC) is showing textbook macro bottom signs in a “business as usual” bear market, data suggests. In fresh findings published on Oct. 13, popular Twitter trader Alan revealed that BTC price action is closely mimicking prior cycles. Trader on Stoch data: “Don’t be shaken out” While some are concerned about the current state of … Read more
SmartAsset: Using Beta to Make Investments If you want to invest your money in a smart way, financial experts have recommended avoiding big, high-growth stocks in favor of value names that aren’t as popular. The basic strategy: identify opportunities while minimizing some risk. But the Chicago-based financial firm Morningstar says there’s a smarter way to … Read more
When CrowdStrike Holdings (CRWD) reports July-quarter earnings on Tuesday, many analysts will focus on the cybersecurity software maker’s annual recurring revenue, or ARR. The size of an ARR beat could move CRWD stock, just like it did in the April quarter. X When CrowdStrike reports after the market close, analysts project earnings of 28 cents … Read more
Affirm Holdings (AFRM) reported a wider-than-expected loss for its June quarter late Thursday and issued a partially disappointing fiscal 2023 outlook, leading AFRM stock to collapse. X The Street was looking for stronger guidance for gross merchandise volume — the total value of all transactions on Affirm’s platform. For the year that began July 1, … Read more
Bitcoin (BTC) price remains pinned below $22,000 as the lingering impact of the Aug. 19 sell-off at $25,200 continues to be felt across the market. According to analysts from on-chain monitoring resource Glassnode, BTC’s tap at the $25,000 level was followed by “distribution” as profit-takers and short-term holders sold as price encountered a trendline resistance … Read more