Binance Bitcoin Scarcity Index Jumps for First Time Since June — Why It Matters
Bitcoin (BTC) remains in a consolidation phase, but its supply appears to be shrinking. This is evident in the scarcity index on the crypto exchange Binance, which spiked a few days ago.
Data from CryptoQuant revealed that such an increase in the scarcity index has not happened since June. Analyzing the implications of such development can offer valuable insights into the market’s potential behavior in the coming days.
Read More
Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops
Binance Bitcoin Scarcity Index Jumps for First Time Since June — Why It Matters
Bitcoin (BTC) remains in a consolidation phase, but its supply appears to be shrinking. This is evident in the scarcity index on the crypto exchange Binance, which spiked a few days ago.
Data from CryptoQuant revealed that such an increase in the scarcity index has not happened since June. Analyzing the implications of such development can offer valuable insights into the market’s potential behavior in the coming days.
Read More