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What is the key takeaway from Bitcoin’s contrasting on-chain metrics and sentiment?

Lately, there seems to be a lot of good news when one looks at the on-chain metrics for Bitcoin. Earlier the price briefly moved above $11K  but fell back down to $10,700 as of Tuesday morning – the price moving seemingly in tandem with the stock market. Bitcoin: Glassnode Network Index         […] The post What is the key takeaway from Bitcoin’s contrasting on-chain metrics and sentiment? appeared first on AMBCrypto.

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On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree

Data suggests that Bitcoin [BTC] hodlers are exhibiting strong hands as the post halving bull market continues to rage. Both institutional and retail investment, on-chain, is at an ATH, looking to ‘stack sats.’ Store of Value The velocity of ‘money’ is a measurement of the rate of exchange of the ‘currency’ in the market. High velocity is positive for the currency as it represents greater demand and liquidity for that ‘money.’ Nevertheless, in the case of Bitcoin lower velocity represents stronger hands. The chart shows a higher velocity during the prior two bull markets which is yet to be seen…

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Bitfinex Scoffs at Tether Market Manipulation Lawsuit: Bittrex and Poloniex File for Summary Judgment

Bitfinex says the second attempt by plaintiffs to frame the bitcoin manipulation complaint will fail just like the first attempt. The Bitfinex comments follow a notice by Bittrex and Poloniex disputing claims that they knew about the alleged market manipulation by Bitfinex. In June, the plaintiffs namely, Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz and Pinchas Goldshtein filed to add Bittrex and Poloniex to the lawsuit. Plaintiffs argued that Bittrex and Poloniex are complicit in Bitfinex and the Tether issuer’s alleged grand scheme to launder and circulate billions of unbacked USDT stablecoins. However, in a new twist to the…

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