Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    NewsBlockchainCrypto

    Robinhood Launches Tokenized Stock Trading Platform for EU Users

    Robinhood is going into the future of financial markets with its latest…

    By
    Jane Omada Apeh
    May 8, 2025
    Robert Kiyosaki Bitcoin
    NewsCryptoMarket
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    May 8, 2025
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    MarketCryptoNews
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    May 8, 2025
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    NewsCrypto
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    May 8, 2025
    SOL Strategies Solana
    NewsCryptoMarket
    SOL Strategies Buys More Solana: $500M War Chest Signals Institutional Confidence
    May 8, 2025
  • Cryptocurrency
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    7 Min Read
    Robert Kiyosaki Bitcoin
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    8 Min Read
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    13 Min Read
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    6 Min Read
    SOL Strategies Solana
    SOL Strategies Buys More Solana: $500M War Chest Signals Institutional Confidence
    6 Min Read
    Jack Mallers' Strike Launches Bitcoin-Backed Loans in 26 U.S. States
    Jack Mallers’ Strike Launches Bitcoin-Backed Loans in 26 U.S. States
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: CryptoQuant CEO Says “Strong Buy Signal” for Bitcoin!
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > CryptoQuant CEO Says “Strong Buy Signal” for Bitcoin!
News

CryptoQuant CEO Says “Strong Buy Signal” for Bitcoin!

a strong buy signal for Bitcoin featuring Bitcoin symbols with financial indicators and charts showing upward trends. Displ
Ezeudo Nwosu
Last updated: November 8, 2024 11:58 am
By
Ezeudo Nwosu
Published November 8, 2024
2 Min Read
Share

CryptoQuant CEO Ki Young Ju has highlighted a significant buy signal for Bitcoin (BTC) in its current price cycle. In a post on November 8, Ju shared that CryptoQuant’s on-chain, cost-based indicators have identified rare cyclical buy/sell signals that appear only once or twice per cycle, providing long-term guidance for investors.

Contents
Bitcoin Wallet Profitability AnalyzedSignals as a Guide for Investors

Bitcoin Wallet Profitability Analyzed

According to Ju, on-chain data reveals the current profitability of Bitcoin wallets. On average, wallets are seeing a 127% profitability rate, with the current metrics signaling a “buy.” Historically, profitability has dipped to around -24% during cycle lows, while reaching as high as 298% in peak phases. This cyclical profit/loss pattern is crucial for long-term investors, as it helps them navigate Bitcoin’s market volatility with pre-defined alerts.

Gb1 qxTbwAMaQTm 2048x1283 1

Signals as a Guide for Investors

Ju’s analysis demonstrates that these historically inspired signals can be a strong guide for investors. Rarely triggered, they serve as potential indicators for buy or sell opportunities, suggesting that Bitcoin’s current price level presents a favorable opportunity for long-term investors.

These signals empower investors to be better prepared for Bitcoin’s cyclical fluctuations, allowing for more strategic moves in response to market shifts.

Currently, Bitcoin has seen a 1.78% increase over the last 24 hours, trading at $76,205, and a 9.94% gain over the past seven days. With a market cap of $1.5 trillion, Bitcoin remains the largest and most valuable asset in the crypto market.

Bitcoin, CryptoQuant, buy signal, market cycle, profitability

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Binance Takes a Bold Step! Convert Your Crypto to Cash Instantly!

New Transaction Types and RLUSD Stablecoin on XRP Ledger

Bitcoin and Altcoins Under Pressure! QCP Capital Still Expects an “Uptober” Rally!

Hedera and Copper Boost Institutional HBAR Access

Bitcoin Payments: Top Football Prospect Signs Contract

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByEzeudo Nwosu
Ezeudo Nwosu is a blockchain and cryptocurrency professional with over 8 years of experience in the industry. With a background in software engineering, Ezeudo has been at the forefront of developing innovative blockchain solutions that address key challenges in various sectors. His work includes leading blockchain integration projects and advising on the creation of decentralized applications (dApps). Ezeudo is recognized for his deep technical knowledge and his ability to translate complex blockchain concepts into practical applications. At DT NEWS, he offers expert insights into the latest developments in blockchain technology and cryptocurrencies, helping readers stay informed about the future of digital finance.
Previous Article leadership shift at the SEC featuring elements that represent the SEC regulatory oversight and cryptocurrenc Exciting News for the Crypto World! Could Dan Gallagher Lead the SEC?
Next Article Shiba Inu is SHIB price growth potential featuring the SHIB logo prominently with visuals of bullish indicators and ascend What Awaits Investors? This Altcoin Shows 149% Growth Potential!
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)