DeFi Daily News
Monday, July 28, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Metaverse

CryptoQuant: Increased number of new investors could potentially trigger Bitcoin’s next significant advancement

Alisa Davidson by Alisa Davidson
October 24, 2024
in Metaverse
0 0
0
CryptoQuant: Increased number of new investors could potentially trigger Bitcoin’s next significant advancement
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article
by
Alisa Davidson

Published: October 24, 2024 at 10:27 am Updated: October 24, 2024 at 10:27 am

by Ana

Edited and fact-checked:
October 24, 2024 at 10:27 am

To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.

In Brief

CryptoQuant indicates that the decline in UTXOs under six months has stabilized, suggesting an upcoming surge in BTC price, reflecting patterns seen in previous market cycles.

CryptoQuant: New Investor Influx May Unlock Bitcoin's Next Major Breakthrough

Company specializing in cryptocurrency market data analytics, CryptoQuant published a new analysis indicating that the decline in Unspent Transaction Outputs (UTXOs) under six months has stabilized, with only 8.6% of investors currently facing losses at Bitcoin’s current price. Drawing parallels to previous market cycles, the analysis suggests that when the decline in UTXOs halted and subsequently increased sharply, Bitcoin’s price often surged, leading to a decrease in the percentage of investors in the loss zone.

For Bitcoin’s price to experience further growth, positive market sentiment is essential, which is typically reflected in the influx of new investors. These new participants tend to enter the market when optimism begins to rise, and an explosive influx is expected if Bitcoin reaches a new all-time high.

If historical patterns hold true, the current Bitcoin price may be approaching another breakout, CryptoQuant noted.

Recently, CryptoQuant reported an increase in retail demand, which has risen by over 13% in the past thirty days. This level of demand was last seen in March, just before the most recent historical price peak. In the previous four months, activity from smaller investors had decreased, while larger holders, often referred to as whales, continued to make transactions and accumulate coins. According to the firm, the recent uptick in Bitcoin’s price seems to be attracting small investors back into the market.

Bitcoin Surges Past $67,600 Amid Notable ETF Inflows 

At the time of writing, Bitcoin is trading at $67,627, reflecting an increase of over 1.73% in the past 24 hours. The cryptocurrency recorded an intraday low of $65,198 and a high of $67,568. This upward movement occurs alongside $192.31 million in inflows into spot Bitcoin exchange-traded funds (ETFs) as of October 23rd. 

Additionally, Bitcoin’s market capitalization is approximately $1.33 trillion. Bitcoin’s market dominance has also seen a notable increase of 0.34%, reaching 57.67%, according to data from CoinMarketCap.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles

Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles

Conclusion

As Bitcoin continues to show signs of resilience and potential for growth, investors and enthusiasts alike are closely watching for the next major breakthrough. The analysis provided by CryptoQuant indicates that current market conditions may be aligning for a significant surge in Bitcoin’s price, following historical patterns seen in previous market cycles.

With the influx of new investors and retail demand on the rise, the stage seems set for Bitcoin to retest and potentially surpass its previous all-time high. This, coupled with notable ETF inflows and a positive market sentiment, paints a bullish picture for the leading cryptocurrency’s future.

For the latest news and updates on the cryptocurrency space, be sure to check out DeFi Daily News for more trending articles like this one.



Source link

Tags: AdvancementBitcoinsCryptoquantincreasedInvestorsnumberPotentiallySignificantTrigger
ShareTweetShare
Previous Post

Preventing Attacks with Checksum Verification in Web3j

Next Post

GOAT & DOGS Could Soon Dominate the Crypto Market: Predictions for Their Performance in the Next 48 Hours

Next Post
GOAT & DOGS Could Soon Dominate the Crypto Market: Predictions for Their Performance in the Next 48 Hours

GOAT & DOGS Could Soon Dominate the Crypto Market: Predictions for Their Performance in the Next 48 Hours

Leave a Reply Cancel reply

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

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
rewrite this title and make it good for SEO’You are insanely lucky if you get…’: Netizens react after Bengaluru man exposes ‘biggest scam’ in rental security deposit

rewrite this title and make it good for SEO’You are insanely lucky if you get…’: Netizens react after Bengaluru man exposes ‘biggest scam’ in rental security deposit

November 16, 2024
rewrite this title and make it good for SEOShould you buy/sell/hold SBI Card shares after Q1? Here’s what analysts suggest

rewrite this title and make it good for SEOShould you buy/sell/hold SBI Card shares after Q1? Here’s what analysts suggest

July 27, 2025
rewrite this title NYT Wordle today — answer and my hints for game #1500, Monday, July 28

rewrite this title NYT Wordle today — answer and my hints for game #1500, Monday, July 28

July 27, 2025
rewrite this title The best images as the England Lionesses celebrate back-to-back Euros wins

rewrite this title The best images as the England Lionesses celebrate back-to-back Euros wins

July 27, 2025
rewrite this title Answering your questions + a free gift for you!

rewrite this title Answering your questions + a free gift for you!

July 27, 2025
rewrite this title Women’s Smocked Summer Dress only .99 shipped!

rewrite this title Women’s Smocked Summer Dress only $29.99 shipped!

July 27, 2025
rewrite this title with good SEO Hayden Davis Rebrands Controversial LIBRA Token As A Memecoin In Court Filing – Details

rewrite this title with good SEO Hayden Davis Rebrands Controversial LIBRA Token As A Memecoin In Court Filing – Details

July 27, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.